Explaining Russia's Output Collapse: Aggregate Sources and Regional Evidence

February 1, 2001

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Irina Dolinskaya, and Irina Tytell. Explaining Russia's Output Collapse: Aggregate Sources and Regional Evidence, (USA: International Monetary Fund, 2001) accessed December 26, 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

This paper explores sources of the output collapse in Russia during transition. A modified growth accounting framework is developed that takes into account changes in factor utilization typical of the transition process. The results indicate that declines in factor inputs and productivity were both important determinants of the output fall. The contribution of the productivity drop was critical, but smaller than previously reported. Possible causes of the reduction in productivity are assessed using data on sub-national regions within Russia. Privatization and entry of private firms are found to have generated productivity gains, while lack of exit of unviable enterprises constituted a drag on efficiency.

Subject: Economic growth, Growth accounting, Labor, Labor share, Production, Productivity, Total factor productivity

Keywords: Capital input, Capital share, Capital stock, Eastern Europe, Factor shares assumption, Growth, Growth accounting, Labor growth, Labor share, Private sector, Production function, Productivity, Productivity drop, Productivity effect, Total factor productivity, Transition, WP

Publication Details

Pages:

33
Volume:

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DOI:

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Issue:

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Series:

Working Paper No. 2001/016
Stock No:

WPIEA0162001
ISBN:

9781451843408
ISSN:

1018-5941

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