Aleksey BelokopytovPublished in:
Russian Journal of Entrepreneurship
– Volume 17, Number 2 (January, 2016)



Keywords: economic growth, import substitution, inflation, investment, lagged variables, sanctions


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Abstract:

.The article describes the factors of Russia's economic growth in the context of Western sanctions. Econometric models with lagged variables were used to analyze the impact of these factors on economic growth. It was noted that the investment activity and import substitution play a pivotal role in the development of the Russian economy. The author showed a strong connection of growth rates of volume indices of GDP and changes in labor productivity, inflation and the policy of the Russian Central Bank of the Russian Federation.

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