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Productivity of the Russian firms: Seven stylized facts

Author

Listed:
  • Bloechliger, H.

    (OECD, Paris, France)

  • Wildnerova, L.

    (OECD, Paris, France)

Abstract

Productivity in Russia has been falling steadily over the past 15 years. This paper explores firm-level data to understand the contribution of individual firms to aggregate productivity and summarizes findings in the form of seven stylized facts. Policies to address the productivity decline should focus on regulatory reform to strengthen market forces; create a climate that is supportive to innovative start-ups; help unproductive firms to leave the market earlier; foster labour and capital mobility and knowledge transfer between firms and across regional borders; and embrace foreign ownership. These policies should be complemented by targeted support to households and firms severely affected by the covid-19 crisis. This note is built on the findings of an OECD Economics Department Working Paper published in early 2020.

Suggested Citation

  • Bloechliger, H. & Wildnerova, L., 2020. "Productivity of the Russian firms: Seven stylized facts," Journal of the New Economic Association, New Economic Association, vol. 48(4), pages 217-227.
    • Handle: RePEc:nea:journl:y:2020:i:48:p:217-227
    DOI: 10.31737/2221-2264-2020-48-4-11
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    References listed on IDEAS

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    Cited by:

    1. Igor Drapkin & Anna Fedyunina & Yuri Simachev, . "GVC spillovers on total factor productivity of local firms: evidence from the Russian Federation," UNCTAD Transnational Corporations Journal, United Nations Conference on Trade and Development.
    2. Stepanova, A. & Podukhovich, D., 2023. "CEO decision-making horizon and R&D investments. Evidence from Russia," Journal of the New Economic Association, New Economic Association, vol. 59(2), pages 85-118.

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    Keywords

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    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth

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