Measuring the Transition: A User's Viewon National Accounts in Russia

IMF Working Papers, January 1, 1994

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Measuring the Transition: A User's Viewon National Accounts in Russia

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Bibliographic details

• Authors: Vincent Koen
• Published: January 1, 1994
• Series: IMF Working Papers
• DOI: https://doi.org/10.5089/9781451842258.001

Executive summary

• As Russia’s transition unfolds, the traditional national accounts concepts and reporting mechanisms become increasingly inadequate.
• The margin of error associated with basic price and quantity estimates widens substantially.
• The paper discusses a selection of key measurement and interpretation issues in operational rather than in methodological terms.

Major findings and themes

• National accounts concepts and reporting mechanisms are increasingly mismatched to the evolving Russian economy.
• Price and quantity estimation problems lead to a substantially widened margin of error for core aggregates.
• Operational measurement and interpretation issues are emphasized over methodological exposition.

Subjects and keywords

• Subject: Consumer price indexes, Deflation, Inflation, National accounts, Price indexes, Prices, Producer price indexes
• Keywords: Central and Eastern Europe, chained PPI, Consumer price indexes, Deflation, deflator, dollar GDP estimate, e. stockbuilding, Eastern Europe, enterprise, enterprise profits, Inflation, investment deflator, PPI inflation rates, PPI sample, Price indexes, price liberalization, rate of change, retail price index, stockbuilding, WP