Template-Type: ReDIF-Article 1.0
Author-Name:Sergey Drobyshevsky
Author-Name-First:Sergey      
Author-Name-Last: Drobyshevsky
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name:Maria Kazakova
Author-Name-First:Maria       
Author-Name-Last: Kazakova
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: DECOMPOSITION OF RUSSIA’S GDP GROWTH IN 1999-2014
Abstract:   The Gaidar Institute developed a comprehensive methodology for decomposing the growth rate of Russia’s GDP into its structural, foreign trade and situational components, which is based on the same decompositin algorithm as applied in the analysis of macroeconomic indicators of the developed countries (OECD), adjusted with due regard for the specificities of the Russian economy with its high dependency on foreign trade (more specifi - cally, the movement of world prices for oil). On the basis of estimations yielded by this methodology we could identify several phases of economic growth in Russia over the period from 1999 through 2014: recovery growth (1999–2000); growth sustained by investment and capital load (2001–2003), and then growth sustained by favorable foreign trade conditions (2004–2008.); overheated economy and economic crisis (2008–2009), followed
by a new, lower phase of the business cycle (2010–2014). 
Classification-JEL:
Keywords: GDP
Journal: Russian Economic Developments
Year: 2014
Issue: 11
Month: November
Pages: 63-66
File-URL: http://www.iep.ru/files/RePEc/gai/recdev/409Drobyshevsky.pdf
File-Format: Application/pdf
Handle: RePEc:gai:recdev:409