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“New” Regional Proportions: Results of Calculating Gross Regional Product

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  • N. N. Mikheeva

    (Institute of National Economic Forecasting, Russian Academy of Sciences)

Abstract

The article discusses the results of the transition of Rosstat to a new methodology for calculating the gross regional product (GRP), which is focused on international accounting standards. In accordance with the new methodology, the GRP includes the cost of housing services produced and consumed by homeowners. The value of consumption of fixed capital by sectors of the economy is determined on the basis of the current market value of fixed capital. The result of the new assessment was a change in the regional and sectoral GRP structure, as well as the relative positions of regions in national indicators. It is shown that as a result of the recalculation of GRP, the interregional differentiation of per capita GRP indicators has decreased. Changes in the GRP structure in the accounts of generation and use of income have been analyzed. It has been shown that with the transition to the new methodology, the gap between the indicators of regional accounts and directly observable indicators has increased.

Suggested Citation

  • N. N. Mikheeva, 2022. "“New” Regional Proportions: Results of Calculating Gross Regional Product," Studies on Russian Economic Development, Springer, vol. 33(3), pages 293-300, June.
    • Handle: RePEc:spr:sorede:v:33:y:2022:i:3:d:10.1134_s1075700722030108
    DOI: 10.1134/S1075700722030108
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    References listed on IDEAS

    as
    1. N. N. Mikheeva, 2020. "Possible Alternatives to the Gross Regional Product Indicator," Studies on Russian Economic Development, Springer, vol. 31(1), pages 24-30, January.
    2. Natalia Gennadyevna Zakharchenko, 2012. "Using Social Accounting Matrices in Modeling the Structure of Economic System," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 1, pages 69-89.
    3. A. V. Suvorov & V. N. Ivanov & A. I. Budanova, 2021. "A System of Macroeconomic Balances for Forecasting the Economies of Russian Regions," Studies on Russian Economic Development, Springer, vol. 32(2), pages 123-132, March.
    4. repec:bla:revinw:v:37:y:1991:i:2:p:177-98 is not listed on IDEAS
    5. Graham Pyatt, 1991. "SAMs, THE SNA AND NATIONAL ACCOUNTING CAPABILITIES," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 37(2), pages 177-198, June.
    Full references (including those not matched with items on IDEAS)

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