Productivity convergence trends within Russian industries: firm-level evidence
Evguenia Bessonova and
No wps51, Bank of Russia Working Paper Series from Bank of Russia
The paper focuses on trends in the convergence of labour and multifactor productivity in Russia. Using firm-level data for the 2011-2016 period, we obtain the following result: low-productivity firms grow faster than high-productivity ones. Despite this, the initial gap between the most and the least productive firms in the Russian economy is so wide that it is hardly possible to overcome in the short term. Moreover, we find that this gap has increased over the 2011-2016 period, suggesting divergence in productivity levels of Russian firms. To verify the divergence within narrowly defined industries, we also use the stochastic frontier analysis. Our estimates confirm divergence in most industries.
Keywords: productivity gap; beta-convergence; sigma-convergence; stochastic frontier analysis. (search for similar items in EconPapers)
JEL-codes: D24 E22 O47 (search for similar items in EconPapers)
Pages: 75 pages
New Economics Papers: this item is included in nep-bec, nep-cis, nep-eff, nep-mac, nep-sbm, nep-tid and nep-tra
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Persistent link: https://EconPapers.repec.org/RePEc:bkr:wpaper:wps51
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