Modern Approaches to Measuring the State Sector: Methodology and Empirics

Современные подходы к измерению государственного сектора: методология и эмпирика

Alexander Abramov, Aksenov, Ivan V. (Аксенов, Иван В.) (), Alexander Radygin and Maria Chernova
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Aksenov, Ivan V. (Аксенов, Иван В.): Russian Presidential Academy of National Economy and Public Administration

Ekonomicheskaya Politika / Economic Policy, 2018, vol. 1, 36-69

Abstract: This article attempts to estimate the scale of state participation in the Russian economy in temporal dynamics and in comparison with other countries. Our unique methodology suggests a set of alternative approaches to measuring 3 independent components: stateowned enterprises (SOEs), state unitary enterprises and the public administration sector. Our results reveal growth of state involvement in the economy up to 46% of GDP in 2016. The share of SOEs and public administration in GDP rose from 20.2% and 16.9% in 2006 to 25.3% and 19.2% in 2016, respectively, by conservative estimates. A crosscountry comparison suggests that market capitalization, employment and SOEs’ share in GDP are significant and increasing. The share of public administration corresponds to the same estimate for OECD countries, but it is also increasing. The total state share and its growth can be evidence of an alarming trend for the Russian economy. It is 6%-12% higher than the estimate for most developing countries and, unlike in China or India, it keeps growing. This leads to state expansion in the economy, growth of state influence on SOEs and a transfer of noneconomic risks to SOEs. Apart from increasing state involvement in added value creation, the state plays an active role in reallocation of financial resources, and there is some evidence that it is even more significant than the state share in creating added value measured by GDP.

Keywords: state ownership; state-owned enterprises; public administration sector; state share in GDP. (search for similar items in EconPapers)
JEL-codes: B20 D20 D60 G38 H82 H83 K40 L30 P20 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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Journal Article: Modern Approaches to Measuring the State Sector: Methodology and Empirics (2018)
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