The Great Contractions in Russia, the Baltics and the Other Countries of the Former Soviet Union: A View From the Supply Side

February 1, 2000

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The Great Contractions in Russia, the Baltics and the Other Countries of the Former Soviet Union: A View From the Supply Side, (USA: International Monetary Fund, 2000) accessed November 23, 2024

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

The output contractions during the initial transition stages in the Baltics and in Russia and the other CIS countries are examined across several dimensions, and the reliability of the available official statistics evaluated. The depth, length and breadth of the contractions are studied and set against a longer-run historical perspective. The relationship between inputs and outputs as described in a standard accounting framework shows that there is more to the contractions than collapsing investment and shrinking employment. Sharp declines in productivity, reflecting in part transition-related factors, also played a major role.

Subject: Agricultural sector, Economic sectors, Labor, Labor productivity, Production, Productivity, Total factor productivity

Keywords: Agricultural sector, Baltics, CIS country, Europe, Growth, Higher-productivity sector, Index of total factor productivity, Labor productivity, Output, Output contraction, Output decline, Productivity, Productivity decline, Productivity effect, Productivity occupation, Renewed output, TFP loss, Total factor productivity, Transition, WP

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2000/032
Stock No:

WPIEA0322000
ISBN:

9781451845105
ISSN:

1018-5941

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