| In the section | Surveys |
| Title of the article | Regional Dynamics of Household Income and Consumer Demand in Russia |
| Pages | 138-151 |
| Author 1 | Leonid Markovich Grigoryev Сandidate of Economics, Tenured Professor, Scientific Adviser Department of World Economy of the Higher School of Economics 17 Malaya Ordynka Street, Moscow, Russia, 119017 lgrigor1@yandex.r ORCID: |
| Author 2 | Victoria Alexandrovna Pavlyushina Intern-Researcher The Banking Institute of the Higher School of Economics 4 Maly Gnezdnikovsky per., Moscow, Russia, 125009 Deputy Head of the Department for Research Studies The Analytical Centre for the Government of Russian Federation 12 Prospect Akademika Sakharova, Moscow, Russia, 107078 This email address is being protected from spambots. You need JavaScript enabled to view it. ORCID: 0000-0002-7125-6287 |
| Author 3 | Vlada Vladimirovna Brilliantova Adviser of the Department for Research Studies The Analytical Centre for the Government of Russian Federation 12 Prospect Akademika Sakharova, Moscow, Russia, 107078 This email address is being protected from spambots. You need JavaScript enabled to view it. ORCID: 0000-0002-9818-7373 |
| Author 4 | Kseniya Andreevna Bondarenko Adveser Higher School of Economics 20 Myasnitskaya Street, Moscow, Russia, 101000 Adviser of the Department for Research Studies The Analytical Centre for the Government of Russian Federation 12 Prospect Akademika Sakharova, Moscow, Russia, 107078 This email address is being protected from spambots. You need JavaScript enabled to view it. ORCID: 0000-0003-0550-6361 |
| Abstract | The analysis of regional income and consumer expenses dynamics is very important to estimate the stability of the economy. The 2015–2018 analysis shows that the economy of the country and households had adapted to the external price shock of 2015, which is confirmed by the following trends. After a decrease in real income and demand for goods (especially non-food ones) in 2015–2016, the situation changed in the beginning of 2018: the demand in most regions increased, although its growth is weaker than the growth of real wages and nominal household income. Most regions by types and federal districts show similar increase, which supports economy’s stability. In 2015–2017 the growth of nominal population income was seen in all types of regions except export-oriented ones (–0.1% in 2017). The highest growth rates were seen in less developed agricultural (+3.0%), medium-developed agricultural and industrial regions (+3.0%) and developed industrial-agricultural (+2.5%). In 2013–2017, about two thirds of the consumer potential were provided by highly developed and developed regions. The three regions with most potential by type were financial and economic centers (27–28% of the total consumer potential in Russia), agricultural-industrial regions (18–20%) and diversified regions (15–16%). The real retail trade turnover in 2017 increased in all types of regions. Real retail sales decreased only in 17 regions. In 2017–2018, the share of food goods in retail trade started decreasing slowly, which indicates gradual restoration of pre-crisis demand structure |
| Code | 332.1+331.2 |
| JEL | J32, D31, R13 |
| DOI | 10.14530/se.2018.3.138-151 |
| Keywords | population income ♦ wages ♦ personal consumption ♦ consumer potential ♦ Russian regions ♦ Russian federal subjects |
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| For citation | Grigoryev L.M., Pavlyushina V.A., Brilliantova V.V., Bondarenko K.A. Regional Dynamics of Household Income and Consumer Demand in Russia. Prostranstvennaya Ekonomika = Spatial Economics, 2018, no. 3, pp. 138-151. DOI: 10.14530/se.2018.3.138-151. (In Russian). |
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