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Defragmentation of Economic Growth with a Focus on Diversification: Evidence from Russian Economy

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  • Gnidchenko, Andrey
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    Abstract

    In this paper, we develop a comprehensive analysis of diversification issues for Russian economy. Assessing diversification for nine different variables, we show that choice of a variable affects the result much, and that, unlike a popular opinion, equiproportional economic diversity measures are still useful in economic analysis. Developing a simple defragmentation of economic growth, we account for labor productivity and labor availability separately, and show that these components depend on different factors.

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    Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 27113.

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    Date of creation: Dec 2010
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    Handle: RePEc:pra:mprapa:27113

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    Keywords: Diversification; economic growth; regions; Russia;

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