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Multiproduct Model Decomposition of Components of Russian GDP

Author

Listed:
  • Nikolay P. Pilnik

    (National Research University Higher School of Economics)

  • Igor Pospelov

    (National Research University Higher School of Economics)

  • Ivan P. Stankevich

    (National Research University Higher School of Economics)

Abstract

This paper proposes a method for a multiproduct model decomposition of GDP components by expenditure which allows the use of several different price indices in the same model. The decomposition does not link the products to imports or exports, therefore, it imposes no restrictions on the behaviour of these series and their deflators. The theoretical reasoning, the estimation methodology and the estimation results for Russian GDP data are presented. A method of the decomposition of changes in inventories is also presented.

Suggested Citation

  • Nikolay P. Pilnik & Igor Pospelov & Ivan P. Stankevich, 2015. "Multiproduct Model Decomposition of Components of Russian GDP," HSE Working papers WP BRP 111/EC/2015, National Research University Higher School of Economics.
    • Handle: RePEc:hig:wpaper:111/ec/2015
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    References listed on IDEAS

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    More about this item

    Keywords

    GDP components by expenditure; decomposition; utility tree;
    All these keywords.

    JEL classification:

    • C65 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Miscellaneous Mathematical Tools
    • C68 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computable General Equilibrium Models

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