Measurement of technological progress in Russia (in Russian)
Measurement of technological progress is one of core issues in the growth theory. Applied growth accounting based on the standard Solow residual approach to technology measurement assumes exogenous nature of productivity growth not explained by the dynamics of factor inputs. This exogenous unexplained residual is considered as a proxy for the technological change. The existing research in TFP measurement for Russian economy concentrates on the analysis of the transition process and considers the collapse in output as being caused by the fall in TFP, i.e. by technological "regress". The declining TFP is sometimes explained by the fall in efficiency of production process or by the fall in capacity utilization. In this paper the TFP is estimated using Russian industry level data from the Federal State Statistics Service and Russian Economic Barometer from 1995 to 2004. TFP measurement based on observable estimates for capital and labor utilization accounting for the specifics of Russian industrial statistics reveals that the output growth after 1998 is accompanied by a slow technological improvement, and that a negative technology shock is observed before 1998.
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