Economic Growth Factors in 2011 – HI 2012

Journal of Russian Economic Developments. #3, 2013

3 Pages Posted: 23 Mar 2013

See all articles by Ekaterina Astafieva

Ekaterina Astafieva

Russian Presidential Academy of National Economy and Public Administration; Gaidar Institute for Economic Policy

Date Written: March 21, 2013

Abstract

The results of decomposition of production growth rate indicate that in 2012 the increase in the gross value added (GVA) of the industry was achieved by increasing the extensive factors. According to the tentative estimates, the growth rates of total factor productivity (TFP) of industrial production were negative. In the cost structure of the main factors of the industrial sector in 2012, the cost of capital was dominating; the growth of labor cost in industrial production was implemented mainly due to increase in labor reserves (number of employees).

Keywords: Russian economy, economic growth

JEL Classification: F43, F40

Suggested Citation

Astafieva, Ekaterina, Economic Growth Factors in 2011 – HI 2012 (March 21, 2013). Journal of Russian Economic Developments. #3, 2013, Available at SSRN: https://ssrn.com/abstract=2237267 or http://dx.doi.org/10.2139/ssrn.2237267

Ekaterina Astafieva (Contact Author)

Russian Presidential Academy of National Economy and Public Administration ( email )

Vernadsky Avenue 82
Moscow, 119571
Russia

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

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