Factors of the Structural Dynamics of the Economy of Modern Russia

Leonid Basovskiy

doi:doi:10.12737/2587-9111-2021-9-3-45-49

UDC 33

Factors of the Structural Dynamics of the Economy of Modern Russia

Published в Scientific Research and Development. Economics · Volume 9, Issue 3, 2021 · Pages 45–49 · Rubrics: Сommon questions

DOI 10.12737/2587-9111-2021-9-3-45-49

Received: 25.05.2021 Accepted: 22.06.2021 Published: 22.06.2021

Authors

Leonid Basovskiy ¹

1 Leo Tolstoy Tula State Pedagogical University (Department of Economics and Management, Head)
Tula, Tula, Russian Federation

ABSTRACT

The aim of the work was to study the dynamics of structural changes in the economy of modern Russia. Linear regression models used to assess trends in changing the contribution of industries to gross value added. The main factors of the sectorial structure of gross value added assessed by factor analysis based on a principal compo-nent model. The main factor in the dynamics of the sectorial structure is the factor of the development of sectors, which until recently were the least developed. It reflects the growth in the contribution of transport and communications, agriculture, real estate transactions, rent. The second most important factor reflects the cyclical redistribution of shares between industry - extractive and manufacturing and financial activities. The third factor reflects the cyclical redistribution of shares between household activities and most other sectors of the economy. The fourth main factor also reflects the cyclical redistribution of shares between industries. It assumed that the main factors of changes in the structure of the economy are associated with the transition processes taking place in the economy and reflecting the slow transition due to unfavorable institutional condi-tions to the dominance of the fifth post-industrial technological order.

KEYWORDS

industry structure gross value added econometric models principal component analysis transients

Information References

Authors:

1. Leo Tolstoy Tula State Pedagogical University (Department of Economics and Management, Head)

Tula, Tula, Russian Federation

Type:

Article

Pages:

from 45 to 49

Status:

Published

Subject area:

UDC 33

Language:

Russian

Keywords:

industry structure, gross value added, econometric models, principal component analysis, transients

References

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