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Template-Type: ReDIF-Paper 1.0
Author-Name: Kaukin Andrey
Author-Name-First: Andrey
Author-Name-Last: Kaukin
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Miller Evgenia
Author-Name-First: Evgenia
Author-Name-Last: Miller
Author-Workplace-Name: RANEPA
Author-Name: Turuntseva Marina
Author-Name-First: Marina
Author-Name-Last: Turuntseva
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: The industrial production dynamic in 2020
Abstract: The imposition of the restrictive measures to contain the spread of the coronavirus infection (self-isolation regime, shutdown of public facilities, etc.) adversely affected the dynamic of Russian industrial sectors in H1 2020. The manufacturing industries that produce consumer durable goods, which sales most strongly depend on changes in the income of the population, suffered the most. The collapse of the OPEC# -*- coding: cp1251 -*- deal and its subsequent renewal on tougher conditions for daily oil production adversely affected the extracting sector dynamic. The decomposition analysis has demonstrated that the Russian economic recession was relatively small, the ownership structure of major industrial enterprises, the weak integration of Russian industrial sectors into global value added chains and a significant share of industrial production in the economy played a positive role.
Classification-JEL: G19, G28
Keywords: Russian economy, production, external and internal demand, GDP structure
Creation-Date: 2021
Revision-Date: 2021
Length: 11 pages
File-URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2021-1127.pdf
File-Format: application/pdf
File-Function: Revised Version, 2021
Handle: RePEc:gai:ppaper:ppaper-2021-1127