Ibragimova Nikol CIRET2006 Rome

We Differ. Are We Different?(Comparing Consumer Sentiments in Russia, Europe, and USA)Dilyara Ibragimova, Sergey Nikolaenko: 

We Differ. Are We Different? (Comparing Consumer Sentiments in Russia, Europe, and USA) Dilyara Ibragimova, Sergey Nikolaenko

Objectives: 

Objectives Transition of Russian economy after perestroika are reflected in the people’s minds, their sentiments, perceptions, estimates and in their behavior. What changes are taking place in the people’s estimates? What are they impacted by and how? To what extent do the people’s evaluations correspond to the consumers’ behavior “standards” in developed countries? What are the specific and common features of the Russian society progression towards the market reality? Goal: To reveal of similar and specific patterns of consumer behavior in Russia by comparison with other countries.

Main issues:: 

Main issues: General changes in consumer sentiments in 1993-2005 Consumer Sentiments of Various Demographic and Economic Groups Comparing Inter-Element Correlations of CSI Components

Data sources:: 

Data sources: Primary data of consumer surveys in Russia conducted by uniform methodology since 1993. Surveys are conducted once in 2 months by the all-Russian representative sample (N=2100), the overall massive - > 100000 respondents. Time series of CSI in European countries and the USA. USA: data from the Survey Research Center at the University of Michigan Europe: information about relevant indices accumulated by OECD and EC within the framework of creating a system of leading indicators for individual country. Official statistical and macroeconomic data.

CSI Dynamics in 1993-2005: Proportion of optimists and pessimists: 

CSI Dynamics in 1993-2005: Proportion of optimists and pessimists

CSI Dynamics in 1993-2005: Comparison of the USA and Russia (annual average values): 

CSI Dynamics in 1993-2005: Comparison of the USA and Russia (annual average values)

Slide7: 

Dynamics of the Current Index and Expected Index in 1993-2005 (average annual values) а) Russia b) USA

Slide8: 

Dynamics of CSI components in 1993-2005: current components (average annual values) а) Russia b) USA

Slide9: 

Dynamics of CSI components in 1993-2005: components of expectations (average annual values) а) Russia b) USA

Slide10: 

CSI Dynamics Depending of the Respondent’s Gender а) Russia b) USA

Slide11: 

Gap in the levels of the CSI components between “rich” (9-10 deciles) and “poor” (1-2 deciles): comparison of Russia (2000-2004) and the USA (1996-2000)

Slide12: 

Age and Income Profile of the Respondents, % а) Russia b) USA

Slide13: 

Dynamics of Buying Conditions Index by Age Groups а) Russia b) USA