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Russia's GDP Growth Rate Decomposition in 1999-2015

2015; RELX Group (Netherlands); Linguagem: Inglês

10.2139/ssrn.2560893

1556-5068

Sergey Drobyshevsky, Maria Kazakova,

Economic and Technological Developments in Russia

The Gaidar Institute has developed a method of decomposing Russia’s GDP growth rates into the structural, foreign trade, and market-based components based on the decomposition algorithm decomposing macroeconomic indicators of developed countries (OECD). The algorithm has been refi ned to take account of the Russian economy’s peculiarities, i.e. its heavy reliance on foreign trade trends (the dynamics of global crude oil prices).