Article ID Journal Published Year Pages File Type
981608 Procedia Economics and Finance 2014 6 Pages PDF
Abstract

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.

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics