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Article

Влияние контрсанкций на благосостояние российских потребителей

Кукушкина Ю. М., Судаков С. С.

The article is devoted to the analysis of the effects of Russian sanctions implemented against Western countries on the welfare of Russian consumers. It is assumed that import substitution policy based on product embargo may be beneficial for uncompetitive producers, and may be unfavorable for those producers, that use foreign products to produce final goods. Using the ARIMAX model to assess the price dynamics of Russian goods analogous to banned foreign products in the period from August to December 2015 the authors come to the conclusion that Russian product embargo led to the increased growth rates of domestic prices.