We explain
where are the sources of productivity growth
Showing
consequences of productivity growth
Analyzing
economic growth, structural shifts and intersectoral interactions
Compare
Russia and the countries of the world at the level of individual industries
Areas of activity
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Russia KLEMS: productivity, growth and cross-country comparisons
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Social sustainability and technological development in the post-Soviet space
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Historical statistics
Research projects
Productivity, growth and Intersectoral analysis (Russia KLEMS)
The project allows conducting research of the Russian economy using cross-country comparisons at the level of industries for a fairly long period (since 1995), harmonized with similar data sets of other countries.
Economic growth, human capital and general-purpose technologies in conditions of global slowdown
The project is aimed at creating a research infrastructure and analyzing the impact of general-purpose technologies on human capital and long-term economic growth.
Mechanisms of long-term economic growth in isolation conditions and external shocks
The purpose of the study is to find an answer to the question of how the economic mechanisms of long—term economic growth are transformed in the conditions of shocks of different nature - structural, demographic and sanctions.
Sanctions and long-term economic growth
The project is focused on studying the economic mechanisms that shape the long-term effects of sanctions on economic growth. Understanding such mechanisms contributes to improving the quality of decisions in the field of Russia's economic policy in terms of developing measures to mitigate external shocks and stimulate economic growth in new conditions
Publications
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Book
Structural Changes and Industrial Development in BRICS
This book provides a unique and timely analysis of the role of structural change in the economic development of Brazil, Russia, India, China, and South Africa (BRICS) with a consideration for the role of industry, and in particular manufacturing. The emergence of BRICS reflects an ongoing change in the international economic order. BRICS now account for very substantial part of global GDP, global manufactured value added and global manufactured exports. The book examines their economic experiences and structural change in BRICS over the past three decades, identifying both differences and commonalities, and deriving lessons for other industrializing countries. Section I contains comparative studies focusing on the commonalities and differences of the experiences of BRICS. Section II includes six country studies providing a more detailed analysis of the long-run experiences of each of the countries. Section III consists of a set of seven thematic studies focusing on specific topics such as global value chains, the role of transnational corporations in the food chain, the role of foreign versus domestic investment, the role of domestic versus foreign demand in economic growth the diffusion of environmental energy technology and the similarities, and the differences in industrial policies pursued in the five countries. The book contains a summary chapter that provides an integrated perspective of the various contributions from the point of view of poverty reduction and development. It asks, whether the patterns of structural change and industrial development that BRICS experienced, had an impact on poverty outcomes, and if so, what where the channels and the consequences?
NY: Oxford University Press, 2015.
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Article
Sources of productivity growth in Eastern Europe and Russia before the global financial crisis
This paper shows that the industrial origins of productivity growth in Czechia, Hungary, and Slovenia (CEE-3) and Russia before 2008 were similar and driven by manufacturing industries. The contribution of manufacturing industries to multifactor productivity (MFP) growth is substantial. In CEE-3, it exceeded market services. The contribution of labor reallocation to labor productivity growth was modest and did not surpass one quarter of the aggregate labor productivity growth. Finally, industries demonstrate a strong beta-convergence of MFP. The speed of convergence is higher in manufacturing industries than in market services.
Journal of Productivity Analysis. 2023.
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Book chapter
Economic growth and sectoral developments during the transition period, 1990-2008
On the eve of transition in the late 1980’s the perspectives of the economic development for most economies of the Soviet Bloc in Central, Southern and Eastern Europe seemed optimistic. They had been already industrialized; their labor force was relatively healthy and educated. Being technological backwards in many industries these countries had lots of opportunities for catch up, extending international trade and allowing the inflow of foreign direct investments. However, after two decades of transition these expectations did not materialize to the fullest extent. On the one hand, by 2008, the last year before the global financial crisis, GDP per capita of all post-transition economies grew, except Moldova and Ukraine. On the other hand, six of the twenty economies of the region increased the lag behind the twelve advanced West European economies (EU12). A reasonable question in this context is to what extent is this backward take-off caused by the command-economy past or some myopic country-specific issues of the post-transition development?
With the growth accounting framework this study confirms the leading role of total factor productivity in late transition at the aggregate level. Delving into industry levels the literature shows that, at least, for some East European economies the key driver of TFP growth in most CEE economies was manufacturing. This is not surprising, because manufacturing was also one of the most technologically backward sectors of the economy in early transition with multiple opportunities for improvements through adaptation of better practices and ways of production from the West. So, catching up in technologies seems to be the most essential driver of the post transition growth.
At the same time, this exposition of the story of growth in transition critically depends on data quality, essential for measurement of economic growth and productivity. That is why it is important also to take into account that transition in economies of the region coincided with the transition in state statistics from the Material Product System of national accounts to the United Nations System of National Accounts. All this is important for understanding of the limitations of existing data and suggested interpretations, especially in the comparative perspective with developed economies.
In bk.: The Economic History of Central, East and South-East Europe: 1800 to the Present. Routledge, 2021. Ch. 15. P. 383-412.
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Working paper
Global slowdown and the Russian economy
The article reviews long-run sources of Russian economic growth and demonstrates that the stagnation of the Russian economy in the past decade can be considered in the context of the global productivity slowdown. Conventional industry growth accounting shows that in contrast to the transformational recession before 1998, the recent stagnation of 2008-2014 is primarily the outcome of a slowdown in total factor productivity (TFP) growth and a deterioration in the allocation of labour, rather than bottlenecks in capital inputs.Monthly report. WIIW Monthly report. The Vienna Institute for International Economic Studies, 2019