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The industrial production dynamic in 2020

Author

Listed:
  • Kaukin Andrey

    (Gaidar Institute for Economic Policy)

  • Miller Evgenia

    (RANEPA)

  • Turuntseva Marina

    (Gaidar Institute for Economic Policy)

Abstract

The imposition of the restrictive measures to contain the spread of the coronavirus infection (self-isolation regime, shutdown of public facilities, etc.) adversely affected the dynamic of Russian industrial sectors in H1 2020. The manufacturing industries that produce consumer durable goods, which sales most strongly depend on changes in the income of the population, suffered the most. The collapse of the OPEC# -*- coding: cp1251 -*- deal and its subsequent renewal on tougher conditions for daily oil production adversely affected the extracting sector dynamic. The decomposition analysis has demonstrated that the Russian economic recession was relatively small, the ownership structure of major industrial enterprises, the weak integration of Russian industrial sectors into global value added chains and a significant share of industrial production in the economy played a positive role.

Suggested Citation

  • Kaukin Andrey & Miller Evgenia & Turuntseva Marina, 2021. "The industrial production dynamic in 2020," Published Papers ppaper-2021-1127, Gaidar Institute for Economic Policy, revised 2021.
    • Handle: RePEc:gai:ppaper:ppaper-2021-1127
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2021-1127.pdf
    File Function: Revised Version, 2021
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    More about this item

    Keywords

    Russian economy; production; external and internal demand; GDP structure;
    All these keywords.

    JEL classification:

    • G19 - Financial Economics - - General Financial Markets - - - Other
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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