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Sectoral dynamics of industrial production in 2021

Author

Listed:
  • Kaukin Andrey

    (Gaidar Institute for Economic Policy)

  • Miller Evgenia

    (RANEPA)

Abstract

In 2021, output in the extractive sector of the Russian industry went up due to the influence of factors that appeared at the beginning of 2021: growth of demand for thermal coal and natural gas from European and Asian countries; weakening of the effect of restrictions related to the OPEC# -*- coding: cp1251 -*- agreement on the back of higher quotas for daily oil production by the member countries. The manufacturing sector also demonstrated growth in 2021, which was achieved owing to high prices and growing external demand for the products of industries that occupy a significant share in the structure of industrial production (metallurgy, chemical industry, oil refining industry).

Suggested Citation

  • Kaukin Andrey & Miller Evgenia, 2022. "Sectoral dynamics of industrial production in 2021," Published Papers ppaper-2022-1205, Gaidar Institute for Economic Policy, revised 2022.
    • Handle: RePEc:gai:ppaper:ppaper-2022-1205
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    File URL: https://www.iep.ru/files/RePEc/gai/ppaper/ppaper-2022-1205.pdf
    File Function: Revised Version, 2022
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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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