Can the demand stimulating policy be effectivein the period of sluggish growth of the Russian economy?

Abstract

The reaction of the manufacturing industry to changing demand is a key indicator of the effectiveness of related demand-boosting policy measures. The paper analyzes the industry response to shifts in demand from end consumers through a set of development models in times of vivid growth, turbulence, and deterioration of internal and external growth drivers in 2006-2016. The models employed during the period of sluggish growth are reviewed through a magnifying glass.

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