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Structural Change in Russian Transition

Author

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  • Paul R. Gregory
  • Valery Lazarev

Abstract

This paper examines structural change in the Russian economy in 1990-2001, as measured by the changing composition of output and consumption, using international panel data sets as a frame of reference. It calculates a series of indexes to determine the extent to which the Russian economy is converging towards market economies. Although the Russian structure of output is becoming increasingly similar to that of upper-middle and the lower tier of high-income countries, the structure of Russian manufacturing is inconsistent with its income level and the extent of labor reallocation remains inadequate. Russia's pattern of consumption remains distorted due to the incomplete price liberalization.

Suggested Citation

  • Paul R. Gregory & Valery Lazarev, 2004. "Structural Change in Russian Transition," Working Papers 896, Economic Growth Center, Yale University.
  • Handle: RePEc:egc:wpaper:896
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    File URL: http://www.econ.yale.edu/growth_pdf/cdp896.pdf
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    References listed on IDEAS

    as
    1. Ivanenko, Vlad, 2004. "Searching for the value-subtraction in the Russian economy," Journal of Comparative Economics, Elsevier, vol. 32(1), pages 88-104, March.
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    Citations

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    Cited by:

    1. Eteri Kvintradze, 2010. "Russia's Output Collapse and Recovery; Evidence from the Post-Soviet Transition," IMF Working Papers 10/89, International Monetary Fund.
    2. Asad Alam & Mamta Murthi & Ruslan Yemtsov & Edmundo Murrugarra & Nora Dudwick & Ellen Hamilton & Erwin Tiongson, 2005. "Growth, Poverty and Inequality : Eastern Europe and the Former Soviet Union," World Bank Publications, The World Bank, number 7287.
    3. Gibson, John & Stillman, Steven & Le, Trinh, 2008. "CPI bias and real living standards in Russia during the transition," Journal of Development Economics, Elsevier, vol. 87(1), pages 140-160, August.
    4. Linz, Susan J. & Semykina, Anastasia, 2008. "How do workers fare during transition? Perceptions of job insecurity among Russian workers, 1995-2004," Labour Economics, Elsevier, vol. 15(3), pages 442-458, June.
    5. Valery Lazarev & Paul Gregory, 2007. "Structural convergence in Russia’s economic transition, 1990–2002," Economic Change and Restructuring, Springer, vol. 40(3), pages 281-304, September.

    More about this item

    Keywords

    Post-Communist Transition; Value Added; Labor Productivity; Composition of GDP; Price Distortions;

    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)
    • P20 - Economic Systems - - Socialist Systems and Transition Economies - - - General

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