Investment and Saving in Russian Macroeconomy. Compilation and Analyses of an aggregated SAM for Russia, 1995
AbstractAssessing investment activity is a key to understanding the present Russian economy; the Russian official national accounts, however, do not give very much information on it because of their large statistical discrepancies. Using a matrix balancing method, we construct an aggregated Social Accounting Matrix (SAM), which integrates a Russian Flow of Funds table into the Russian national accounts and contains no discrepancies. Comparing the Russian SAM with Japanese and US SAMs, we find some characteristics of the Russian economy such as: a large current deficit in the non-financial corporation sector, different tax burdens for the institutional sectors, a low level of financial intermediation, and wage arrears as a kind of forced saving.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Centre for Economic Reform and Transformation, Heriot Watt University in its series CERT Discussion Papers with number 9809.
Date of creation: 1998
Date of revision:
SNA; SAM; investment-saving balance; financial sector.;
Find related papers by JEL classification:
- P24 - Economic Systems - - Socialist Systems and Transition Economies - - - National Income, Product, and Expenditure; Money; Inflation
- E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Capital; Investment; Capacity
- O57 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
- C69 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Other
This paper has been announced in the following NEP Reports:
- NEP-ALL-1998-11-30 (All new papers)
- NEP-FMK-1998-11-30 (Financial Markets)
- NEP-MON-1998-11-30 (Monetary Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Schaffer, Mark E., 1998. "Do Firms in Transition Economies Have Soft Budget Constraints? A Reconsideration of Concepts and Evidence," Journal of Comparative Economics, Elsevier, vol. 26(1), pages 80-103, March.
- P.G. Hare, 1997. "Investment, Growth and Industrial Renewal in the Transition Economies," CERT Discussion Papers 9701, Centre for Economic Reform and Transformation, Heriot Watt University.
- Defourny, Jacques & Thorbecke, Erik, 1984. "Structural Path Analysis and Multiplier Decomposition within a Social Accounting Matrix Framework," Economic Journal, Royal Economic Society, vol. 94(373), pages 111-36, March.
- Marcos Esaú Domínguez Viera, 2009. "Aplicación de un modelo de multiplicadores contables y de análisis estructural a políticas sociales seleccionadas en el estado de Nuevo León," Ensayos Revista de Economia, Universidad Autonoma de Nuevo Leon, Facultad de Economia, vol. 0(2), pages 95-137, November.
- Davies, James B., 2004. "Microsimulation, CGE and Macro Modelling for Transition and Developing Economies," Working Paper Series UNU-WIDER Research Paper , World Institute for Development Economic Research (UNU-WIDER).
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Professor Mark Schaffer).
If references are entirely missing, you can add them using this form.