Structural Change in Russian Transition

48 Pages Posted: 2 Nov 2004

See all articles by Paul R. Gregory

Paul R. Gregory

University of Houston - Department of Economics; Stanford University - The Hoover Institution on War, Revolution and Peace

Valery Lazarev

Hoover Institution

Date Written: October 2004

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.

Keywords: Post-Communist Transition, Value Added, Labor Productivity, Composition of GDP, Price Distortions

JEL Classification: E20, P20

Suggested Citation

Gregory, Paul R. and Lazarev, Valery, Structural Change in Russian Transition (October 2004). Available at SSRN: https://ssrn.com/abstract=613401

Paul R. Gregory

University of Houston - Department of Economics ( email )

Houston, TX 77204-5882
United States
713-743-3828 (Phone)
713-661-1968 (Fax)

Stanford University - The Hoover Institution on War, Revolution and Peace

Stanford, CA 94305-6010
United States

Valery Lazarev (Contact Author)

Hoover Institution

Stanford, CA 94305
United States

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