Monday, September 21, 2009

Crisis: Is it a time to buy Ukrainian?

The table below reports what share of consumer products sold in the first half of 2008 and 2009 has Ukrainian origin.


It seems that Ukrainians substitute consumption of imported goods for locally produced goods. The share of local production has increase from 51.4 to 54.0 %. It is also interesting that share of domestically produced cars has declined from 30 to 25% despite a temporary increase in import tariffs.

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