Explaining Russia's Output Collapse

Irina Dolinskaya
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Irina Dolinskaya: International Monetary Fund

IMF Staff Papers, 2002, vol. 49, issue 2, 1

Abstract: 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 that are 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 significantly smaller than previously reported. Copyright 2002, International Monetary Fund

JEL-codes: E2 O4 P2 (search for similar items in EconPapers)
Date: 2002
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