Explaining Russia's Output Collapse: Aggregate Sources and Regional Evidence

IMF Working Paper

Posted: 22 Jun 2001

See all articles by Irina Dolinskaya

Irina Dolinskaya

International Monetary Fund (IMF)

Multiple version iconThere are 3 versions of this paper

Date Written: February 2001

Abstract

This paper explores sources of the output collapse in Russia during transition. A modified growth accounting framework is developed that takes into account changes in factor utilization typical of the transition process. The results indicate that declines in factor inputs and productivity were both important determinants of the output fall. The contribution of the productivity drop was critical, but smaller than previously reported. Possible causes of the reduction in productivity are assessed using data on sub-national regions within Russia. Privatization and entry of private firms are found to have generated productivity gains, while lack of exit of unviable enterprises constituted a drag on efficiency.

JEL Classification: E2, O4, P2

Suggested Citation

Dolinskaya, Irina, Explaining Russia's Output Collapse: Aggregate Sources and Regional Evidence (February 2001). IMF Working Paper, Available at SSRN: https://ssrn.com/abstract=274031

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