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| Author: | Dolinskaya, I. |
| Title: | Explaining Russia's Output Collapse |
| Journal: | IMF Staff Papers
2002 : VOL. 49:2, p. 155-174 |
| Index terms: | RUSSIA ANALYTICAL REVIEW OUTPUT TRANSITION ECONOMIES |
| Language: | eng |
| Abstract: | All the transition economies of Eastern Europe and the Baltics, Russia, and other former Soviet Union countries (hereinafter referred to as BRO) have experienced major declines in output after the launch of economic reforms. 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 that are 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 significantly smaller than previously reported. |
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