Imported Goods’ Demand Functions by the Main Areas of Use

Abstract

The article is devoted to the questions of the perfection of estimations of the connection between the demand on import goods, external and internal (includ-ing the government policy) factors. The authors highlighted the importance of taking into account the objective mechanisms of development of real demand for import by three main areas of use (intermediate consumption of economy, gross fixed capital formation and final consumption) in the context of generating the effective government rationalization policy of volumes and structure of import consumption in case of modernization of economy and the improvement of its competiveness. Taking into consideration the lack of publications with research in this area and the existence of some statistical limitations, authors make the aim of research the development of factor functions, explaining the indexes of volume of imported goods, formed into groups by the main functional purpose. The article provides the results of research devoted to estimation of the devel-opment of import demand in Russian economy in period from 2003 to 2015. Consolidated estimations of volume and medium price indexes of imported goods in case of the main directions of use, based on analytical processing of data by Federal Customs Service and Federal State Statistics Service are pre-sented. The main factors educed with the help of mathematical and statistical analysis of statistical time-series data, which determined the real dynamics of demand for import by three studied directions. Also the article contains the raw of retrospective analysis results of import con-sumption. There are characteristics of specific weight of imported goods used in intermediate and final consumption, in gross fixed capital formation and shifts in distribution of imported goods by these directions in examined period. The conclusions describe the directions of practical use of the obtained results. Keywords— Import, Demand, Function, Intermediate Consumption, Final Consumption, Gross Fixed Capital Formation.