IDEAS home Printed from https://ideas.repec.org/p/ihs/ihstep/16.html
   My bibliography  Save this paper

Free Fall or Restructuring. An Empirical Analysis of Economic Performance of Russian Industries and Regions

Author

Listed:
  • Obersteiner, Michael

    (Institute for Advanced Studies and International Institute for Applied Systems Analysis)

Abstract

Improvements in economic efficiency and productivity are the most important sources for economic growth, however, have yet to occur in Russia. The Soviet Union left an institutional vacuum and large economic distortions behind, which set the stage for an established elite to systematically exploit factors of production for their personal benefit lacking the incentives to restructure. This paper generates some empirical highlights of the outcomes of industrial transformation from 1987 to 1997. The following results are worth mentioning: (1) Early steps of liberalization, the attempts to macro-stabilization and the launch of the privatization package did not bring about improved economic efficiency in industrial production; (2) Less concentrated and highly localized industries performed better, which can mainly be explained by the performance of the resource extracting industries; (3) Price liberalization revealed increasing returns in industrial production and the contribution of capital to output declined rapidly, while the contribution of labor increased.

Suggested Citation

  • Obersteiner, Michael, 2000. "Free Fall or Restructuring. An Empirical Analysis of Economic Performance of Russian Industries and Regions," Transition Economics Series 16, Institute for Advanced Studies.
  • Handle: RePEc:ihs:ihstep:16
    as

    Download full text from publisher

    File URL: http://www.ihs.ac.at/publications/tec/te-16.pdf
    File Function: First version, 2000
    Download Restriction: no

    More about this item

    Keywords

    Russian regions; Industrial development; Relocation; Economies of scale;

    JEL classification:

    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • P27 - Economic Systems - - Socialist Systems and Transition Economies - - - Performance and Prospects
    • R12 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Size and Spatial Distributions of Regional Economic Activity; Interregional Trade (economic geography)

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ihs:ihstep:16. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Doris Szoncsitz). General contact details of provider: http://edirc.repec.org/data/deihsat.html .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.