Rising Fuel and Energy Prices in the Domestic Market and Economic Growth in 2020

摘要

The article is devoted to model studies of the sensitivity of the Russian economy to the growth of domestic energy prices in 2020. The results of calculations on the inter-sectoral simulation model showed that domestic prices of gasoline and electricity have the greatest impact on calculated economic dynamics. Their rapid growth in 2020 is fraught with a drop in Russia's GDP. Domestic prices of other energy sources don’t have such a strong effect on GDP rates. The dynamics of real disposable incomes of the population is 30% more sensitive to the rise in energy prices than the rates of GDP.