EconPapers    
Economics at your fingertips  
 

Russian 1998–2007 TFP decomposed: some inspiration emerging from inherited Soviet legacy

Gregory Brock () and Constantin Ogloblin
Additional contact information
Constantin Ogloblin: Georgia Southern University

Economic Change and Restructuring, 2018, vol. 51, issue 2, 135-151

Abstract: Abstract Using a recently developed stochastic Translog production function frontier model, technical inefficiency, technological progress and returns to scale are examined during Russia’s 1998–2007 cyclical expansion at the branch level including both the market and non-market economy. The service sector plus high skill-intensive goods production is shown to be relatively more efficient than traditional Soviet era goods sectors. Technical efficiency decreases markedly over the expansion while technological progress is quite high (23 %) suggesting an expanding frontier leaving many branches behind as the economy adjusts away from the early transition era. Much greater attention to human capital policies are suggested to foster intensive growth in an environment of low oil and gas prices.

Keywords: Total factor productivity; Russian economy; Economic growth (search for similar items in EconPapers)
JEL-codes: R1 O4 O0 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: Track citations by RSS feed

Downloads: (external link)
http://link.springer.com/10.1007/s10644-016-9196-8 Abstract (text/html)
Access to the full text of the articles in this series is restricted.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:kap:ecopln:v:51:y:2018:i:2:d:10.1007_s10644-016-9196-8

Ordering information: This journal article can be ordered from
http://www.springer. ... nt/journal/10644/PS2

Access Statistics for this article

Economic Change and Restructuring is currently edited by George Hondroyiannis

More articles in Economic Change and Restructuring from Springer
Bibliographic data for series maintained by Sonal Shukla ().

 
Page updated 2019-05-21
Handle: RePEc:kap:ecopln:v:51:y:2018:i:2:d:10.1007_s10644-016-9196-8