Growth and Diversification of the Russian Economy in Light of Input-Output Tables
AbstractThis paper addresses the issues of measurement of Russia's dependence on oil and gas as well its attempts for diversification with shift toward a technology-centered economy. It further develops the Russia's input-output system to provide a better understanding of these issues. First, it clarifies the extent of the GDP of the mining (oil and gas) sector in Russia by modifying the original supply and use tables. Second, it provides an analysis of the diversification attempts through development of light automobiles by extending the supply and use tables. Third, it presents an attempt of multi-sectoral growth accounting based on our estimations of capital stock, focusing on the capital and TFP (Total Factor Productivity) contributions to growth.
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Bibliographic InfoPaper provided by Russian Research Center, Institute of Economic Research, Hitotsubashi University in its series RRC Working Paper Series with number 18.
Length: 22 p.
Date of creation: Jun 2009
Date of revision:
Russia; oil dependence; diversification; input-output; growth accounting;
This paper has been announced in the following NEP Reports:
- NEP-ALL-2009-07-28 (All new papers)
- NEP-CIS-2009-07-28 (Confederation of Independent States)
- NEP-ENE-2009-07-28 (Energy Economics)
- NEP-FDG-2009-07-28 (Financial Development & Growth)
- NEP-TRA-2009-07-28 (Transition Economics)
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