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Agriculture: Import Substitution’S ‘Fruts’

Author

Listed:
  • N. Shagaida

    (Gaidar Institute for Economic Policy)

  • V. Uzun

    (Gaidar Institute for Economic Policy)

Abstract

The food embargo has failed to create favorable conditions for Russia’s agricultural production to thrive. Instead, such conditions arose as a result of the ruble’s devaluation, when imported goods had lost their competitive capacity in Russia’s domestic market. On the one hand, the ruble’s declining exchange rate against the world’s major currencies made life more difficult for Russian agricultural producers, because imported resources became more expensive; while on the other, in 2015 they could still increase their production of major categories of edible plants and modify their productaion structure in accordance with the structure of demand in the domestic and foreign markets.

Suggested Citation

  • N. Shagaida & V. Uzun, 2016. "Agriculture: Import Substitution’S ‘Fruts’," Russian Economic Development, Gaidar Institute for Economic Policy, issue 3, pages 73-76, March.
    • Handle: RePEc:gai:recdev:714
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    Cited by:

    1. World Bank, 2017. "Russia Economic Report, November 2017, No. 38," World Bank Publications - Reports 28930, The World Bank Group.

    More about this item

    Keywords

    Russian Industry; Russian Economy;

    JEL classification:

    • E30 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - General (includes Measurement and Data)
    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • C81 - Mathematical and Quantitative Methods - - Data Collection and Data Estimation Methodology; Computer Programs - - - Methodology for Collecting, Estimating, and Organizing Microeconomic Data; Data Access
    • L11 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Production, Pricing, and Market Structure; Size Distribution of Firms

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