The Great Contractions in Russia, the Baltics and the Other Countries of the Former Soviet Union: A View From the Supply Side

International Monetary Fund

No 2000/032, IMF Working Papers from International Monetary Fund

Abstract: The output contractions during the initial transition stages in the Baltics and in Russia and the other CIS countries are examined across several dimensions, and the reliability of the available official statistics evaluated. The depth, length and breadth of the contractions are studied and set against a longer-run historical perspective. The relationship between inputs and outputs as described in a standard accounting framework shows that there is more to the contractions than collapsing investment and shrinking employment. Sharp declines in productivity, reflecting in part transition-related factors, also played a major role.

Keywords: WP; Output; transition; growth; productivity; output decline; CIS country; productivity effect; TFP loss; output contraction; renewed output; productivity decline; index of total factor productivity; productivity occupation; higher-productivity sector; Total factor productivity; Agricultural sector; Labor productivity; Baltics; Europe (search for similar items in EconPapers)
Pages: 37
Date: 2000-02-01
References: Add references at CitEc
Citations: View citations in EconPapers (31)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=3458 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:2000/032

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().