Russian Industrial Restructuring: Trends in Productivity, Competitiveness and Comparative Advantage
This article investigates issues related to industrial restructuring in Russia. Based on extensive sectoral data it examines, more particularly, levels and changes in labour productivity, unit labour costs and revealed comparative advantages for a large number of Russian industrial sectors. The main findings are the following. First, impressive increases in labour productivity have been achieved since 1997, especially during the post-crisis period. Second, this has been true for all major sectors, with the exception of those which are still predominantly state-controlled or which suffer from strong state interference. Third, there have been significant relative adjustments within the industrial sector, as labour productivity increased more in less productive sectors. Since the crisis, relative unit labour costs have also adjusted considerably, as less competitive sectors experienced larger labour force reductions. Fourth, international competitiveness — as measured by revealed comparative advantage — remains limited to a small number of sectors that mainly produce primary commodities (particularly hydrocarbons) and energy-intensive basic goods. And finally, there has been a tendency for further specialisation in resource-based exports in recent years.
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Volume (Year): 18 (2006)
Issue (Month): 3 ()
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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.:
- J. David Brown & John S. Earle & Almos Telegdy, 2004.
"Does Privatization Raise Productivity? Evidence from Comprehensive Panel Data on Manufacturing Firms in Hungary, Romania, Russia, and Ukraine,"
Upjohn Working Papers and Journal Articles
04-107, W.E. Upjohn Institute for Employment Research.
- J. David Brown & John Earle & Almos Telegdy, 2004. "Does Privatization Raise Productivity? Evidence from Comprehensive Panel Data on Manufacturing Firms in Hungary, Romania, Russia, and Ukraine," CERT Discussion Papers 0410, Centre for Economic Reform and Transformation, Heriot Watt University.
- Brown, J David & Earle, John S, 2004. "Does Privatization Raise Productivity? Evidence from Comprehensive Panel Data on Manufacturing Firms in Hungary, Romania, Russia and Ukraine," CEPR Discussion Papers 4791, C.E.P.R. Discussion Papers.
- J. David Brown & John S. Earle & Almos Telegdy, 2004. "Does Privatization Raise Productivity? Evidence from Comprehensive Panel Data on Manufacturing Firms in Hungary, Romania, Russia and Ukraine," IEHAS Discussion Papers 0425, Institute of Economics, Centre for Economic and Regional Studies, Hungarian Academy of Sciences.
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