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Productivity trends of Russian firms in 2018—2024

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  • E. V. Bessonova

  • S. M. Myakisheva

  • S. V. Novikov

Abstract

This paper examines total factor productivity (TFP) dynamics among Russian enterprises from 2018 to 2024, using translogarithmic production function estimates for 290 industries. To address endogeneity and functional dependence issues, we employ the Ackerberg—Caves—Frazer methodology with a control function approach. Our findings reveal distinct sectoral patterns. In mining, both simple average and value-added-weighted TFP rose during 2020—2021, then declined in 2022. Manufacturing exhibited steady TFP growth from 2018 to 2022, with a sharp acceleration in 2023, followed by divergent trajectories: value-addedweighted TFP continued to increase, while simple average TFP fell in 2024. In trade, simple average TFP dropped markedly in 2021—2022 and had not recovered to baseline levels by 2024. The services sector, hardest hit by the COVID-19 pandemic, displayed a volatile growth path, with contractions in 2020 and 2022. Across all sectors, cumulative growth in value-added-weighted TFP consistently outpaced that of simple average TFP, pointing to significant within-sector firm heterogeneity and suggesting that larger enterprises are more resilient to shocks.

Suggested Citation

  • E. V. Bessonova & S. M. Myakisheva & S. V. Novikov, 2026. "Productivity trends of Russian firms in 2018—2024," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 8.
    • Handle: RePEc:nos:voprec:y:2026:id:5889
    DOI: 10.32609/0042-8736-2026-8-95-124
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