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

Ekonomicheskaya Politika / Economic Policy, 2018, vol. 2, 28-47

Abstract: This article attempts to estimate the scale of state participation in the Russian есоnomу in temporal dynamics and in comparison with other countries. Оur unique methodology suggests а set of alternative approaches to measuring 3 independent components: state­owned eпterprises (SOEs), state unitary enterprises and the public administration sector. Our results reveal growth of state involvement in the есоnomy up to 46% of GDP in 2016. Theshare of SOEs and public administration iп GDP rose from 20.2% and 16.9% in 2006 to 25.3% and 19.2% in 2016, respectively, Ьу conservative estimates. А 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 esimate for OECD countries, Ьнt it is also increasing. The total state share and its gowth 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 а transfer of noneconomic risks to SOEs. Apart from increasing state involvement in added value creation, the state plays аn 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
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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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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:ep1812

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