Assessment of Impact of Domestic and External Demand Factors on Economic Growth in Russia on the Basis of Model of Multiple Regression Analysis

A multiple regression model of economic growth in Russia based on the statistics of the structural elements of the Russian Aggregate Demand from 2001 till 2013 was developed in this article. The results of multiple regression analysis provided compelling evidence that the greatest impact on a real R...

Full description

Saved in:
Bibliographic Details
Published in:Procedia economics and finance 2014, Vol.14, p.320-325
Main Authors: Kirshin, I.A., Maleev, M.V., Pachkova, O.V.
Format: Article
Language:English
Subjects:
Economic growth
elasticity
GDP
multiple regression analysis model
multiplier effect
Citations: Items that cite this one
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:A multiple regression model of economic growth in Russia based on the statistics of the structural elements of the Russian Aggregate Demand from 2001 till 2013 was developed in this article. The results of multiple regression analysis provided compelling evidence that the greatest impact on a real Russian GDP growth has domestic demand. It has been found that consumption of households is the key elements of domestic demand. The authors also justify the action of the multiplicative interaction mechanism of domestic and external demand of the Russian economy.
ISSN:2212-5671
2212-5671
DOI:10.1016/S2212-5671(14)00719-9