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Commodity Turnover: A Delayed Fall

Author

Listed:
  • G. Idrisov

    (Gaidar Institute for Economic Policy)

  • Yu. Ponomarev

    (Gaidar Institute for Economic Policy)

Abstract

In late 2014 – early 2015, retail and wholesale trade, the one of the biggest sector of Russian economy, longer than others ‘put up resistance’ to the negative macroeconomic trends and showed an increase, however small, in commodity turnover. Meanwhile, in the autumn of 2015, in spite of a relative stabilization of Russian terms of trade and foreign exchange rate dynamics, commodity turnover in Russia experienced its sharpest downfall since 2000. This phenomenon is largely explained by the delayed pass-through eff ect of the ruble’s exchange rate fluctuations into commodity prices and by the gradual adaptation of households to new permanent income.

Suggested Citation

  • G. Idrisov & Yu. Ponomarev, 2015. "Commodity Turnover: A Delayed Fall," Russian Economic Development, Gaidar Institute for Economic Policy, issue 12, pages 64-66, December.
    • Handle: RePEc:gai:recdev:644
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    More about this item

    Keywords

    Russian Economy;

    JEL classification:

    • L3 - Industrial Organization - - Nonprofit Organizations and Public Enterprise
    • K1 - Law and Economics - - Basic Areas of Law
    • K2 - Law and Economics - - Regulation and Business Law
    • K3 - Law and Economics - - Other Substantive Areas of Law
    • P16 - Political Economy and Comparative Economic Systems - - Capitalist Economies - - - Capitalist Institutions; Welfare State
    • Y80 - Miscellaneous Categories - - Related Disciplines - - - Related Disciplines

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