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Russian Growth Path and TFP Changes in Light of the Estimation of Production Function using Quarterly Data

Masaaki Kuboniwa ()

No 30, RRC Working Paper Series from Russian Research Center, Institute of Economic Research, Hitotsubashi University

Abstract: We present estimations of a Cobb-Douglas production function with a steady change in TFP (total factor productivity) for the Russian economy, using quarterly data for the favorable period 1999-2008 and the period 1997-2009 as well. Compiling our baseline data on capital and labor, we present an estimation of the production function for 1999-2008, which shows that TFP is the major growth source. Adjusting the data for utilization, we also present estimations of the production function for 1997-2009. For the adjusted data we find that the key drive for the Russian growth is the capital accumulation, followed by TFP.

Keywords: Growth; TFP; Cobb-Douglas; Russia (search for similar items in EconPapers)
JEL-codes: E01 P24 (search for similar items in EconPapers)
Pages: 25 p.
Date: 2011-01
New Economics Papers: this item is included in nep-cis, nep-eff, nep-mac and nep-tra
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http://hermes-ir.lib.hit-u.ac.jp/hermes/ir/re/18883/RRC_WP_No30.pdf

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Journal Article: The Russian growth path and TFP changes in light of estimation of the production function using quarterly data (2011) Downloads
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