Assessment of Prospects for Per Capita Consumption of Food and Industrial Goods in Russia

— The article examines the prospects for increasing per capita consumption of goods in Russia based on comparison with consumption levels in other countries using cross-country robust regressions. The proposed approaches are different for goods of the agricultural and industrial sectors, which makes...

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Bibliographic Details
Published in:Studies on Russian economic development 2024-06, Vol.35 (3), p.373-387
Main Authors: Galimov, D. I., Gnidchenko, A. A., Salnikov, V. A.
Format: Article
Language:English
Subjects:
Agriculture
Consumption
Economics
Economics and Finance
Food
Food consumption
Imports
Industrial goods
Industries and Interindustry Complexes
Industry
International comparisons
International Economics
Per capita
Regression analysis
Statistical data
Citations: Items that this one cites
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Summary:— The article examines the prospects for increasing per capita consumption of goods in Russia based on comparison with consumption levels in other countries using cross-country robust regressions. The proposed approaches are different for goods of the agricultural and industrial sectors, which makes it possible to take into account the specifics of statistical data and the characteristics of consumption in these sectors. The estimates obtained in the work are interpreted as the scale of underconsumption of goods in the current configuration of the main factors influencing per capita consumption. These estimates are proposed to be interpreted as a possible increase in output, as well as an increase in imports from countries with which trade development is expected and with which Russia has a high trade surplus (primarily India and Turkey).
ISSN:1075-7007
1531-8664
DOI:10.1134/S1075700724030079