The Great Contractions in Russia, the Baltics and the Other Countries of the Former Soviet Union: A View From the Supply Side

Publication Date:

February 1, 2000

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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.

Series:

Working Paper No. 2000/032

Subject:

Agricultural sector Economic sectors Labor Labor productivity Production Productivity Total factor productivity

English

Publication Date:

February 1, 2000

ISBN/ISSN:

9781451845105/1018-5941

Stock No:

WPIEA0322000

Pages:

37

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