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Econometric and statistical estimates of industrial and regional structural change in economy of the Russian Federation

Available online: 19 January 2014

Subject Heading: Issues of economy

JEL Classification: 

The paper analyzes industrial, regional and income structural changes in Russian Federation. The authors calculate the prices' and production indexes that underlie changes in industrial structure. These calculations show that some industries (such as government services and healthcare) increased their share in the GDP solely due to prices' factors, some other (financial services) due to rapid production growth. Some trends of structural change in Russian economy are typical to other countries also (decreasing share of manufacturing and agriculture and increasing that of services), some other are Russian specific (lagging of mining in spite of high world prices for raw materials and abnormal increase of government services).

Keywords: industrial structural change, regional structural change, income structural change, regressions, rank correlations, unit cost of labor

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ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

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