The Great Contractions in Russia, the Baltics and the Other Countries of the Former Soviet Union: A View From the Supply Side
February 1, 2000
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Summary
The output contractions during the initial transition stages in the Baltics and in Russia and the other CIS countries are examined across several dimensions, and the reliability of the available official statistics evaluated. The depth, length and breadth of the contractions are studied and set against a longer-run historical perspective. The relationship between inputs and outputs as described in a standard accounting framework shows that there is more to the contractions than collapsing investment and shrinking employment. Sharp declines in productivity, reflecting in part transition-related factors, also played a major role.
Subject: Agricultural sector, Economic sectors, Labor, Labor productivity, Production, Productivity, Total factor productivity
Keywords: Agricultural sector, Baltics, CIS country, Europe, growth, higher-productivity sector, index of total factor productivity, Labor productivity, Output, output contraction, output decline, productivity, productivity decline, productivity effect, productivity occupation, renewed output, TFP loss, Total factor productivity, transition, WP
Pages:
37
Volume:
2000
DOI:
Issue:
032
Series:
Working Paper No. 2000/032
Stock No:
WPIEA0322000
ISBN:
9781451845105
ISSN:
1018-5941
