Russian Growth Path and TFP Changes in Light of the Estimation of Production Function using Quarterly Data

Masaaki Kuboniwa, 眞彰 久保庭 and マサアキ クボニワ

No 30, RRC Working Paper Series from Russian Research Center, Institute of Economic Research, Hitotsubashi University

Abstract: We present estimations of a Cobb-Douglas production function with a steady change in TFP (total factor productivity) for the Russian economy, using quarterly data for the favorable period 1998Q3–2008Q2 and the period 1995Q1–2010Q2 as well. Compiling our baseline data on capital and labor adjusted for utilization, we explicitly present estimations of the coefficients (the capital distribution ratio and TFP) of production function, which show that TFP is the major growth source, followed by the capital contribution. We also show results of measurement of Russia‟s GDP gaps as the differences between potential and actual GDPs based on the production function and the Hodrick-Prescott filter.

Keywords: Growth; TFP; Cobb-Douglas; Russia (search for similar items in EconPapers)
JEL-codes: E01 P24 (search for similar items in EconPapers)
Pages: 21 pages
Date: 2011-02
New Economics Papers: this item is included in nep-cis, nep-eff, nep-mac and nep-tra
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (20)

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Persistent link: https://EconPapers.repec.org/RePEc:hit:rrcwps:30

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