Accumulation and Consumption in the Agricultural Sector of the Russian Economy

Abstract

The paper delves into scientific methodologies concerning the patterns of accumulation and consumption within the agricultural sector of Russia. The authors underscore that inevitable structural shifts in accumulation and consumption within the agricultural sector are driven by the imperative to establish technological sovereignty and facilitate a transition to a new technological paradigm, all against the backdrop of significant changes in geopolitical circumstances. The authors estimate the parameters and dynamics of the development of accumulation and consumption in the economy and the agricultural sector. The main factors affecting accumulation and consumption are identified. One of the main elements that affect the increase in gross value added in the agricultural sector of the economy is the increase in intermediate consumption due to the growth of material production costs. The research also examines the dynamics of accumulation in the agricultural sector of the economy, stressing that the rate and volume of accumulation, as well as its structure, is not optimal. The authors conclude that the change in the structure of consumption and accumulation in agriculture should be accompanied by the growth of gross savings. This will consequently stimulate investment endeavors within the agricultural domain, thus necessitating a qualitative advancement in final consumption. Moreover, the intermediate consumption will increase and material costs will decrease, ultimately increasing labor remuneration and social payments, which will improve the well-being of agricultural workers, thereby improving their quality of life.