Post-Soviet Society and Russia’s Macroeconomic Statistics
| Autor: | D. Fomin, G. Khanin |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
Alternative methods
Sociology and Political Science 05 social sciences Residual value Fixed capital 050905 science studies Gross domestic product 0502 economics and business Statistics Economics 050207 economics 0509 other social sciences Redistribution of income and wealth Book value Law Stock (geology) Federal state |
| Zdroj: | Russian Politics & Law. 55:199-222 |
| ISSN: | 1558-0962 1061-1940 |
| DOI: | 10.1080/10611940.2017.1527062 |
| Popis: | This article investigates the causes of the distorted macroeconomic statistics in the Russian Federation. It introduces alternative methods for the estimation of gross domestic product (GDP) growth, and the growth and amount of fixed capital stock, and estimates them by drawing on alternative data. Our estimates for the period of 1992–2015 differ substantially from those reported by the Russian Federal State Statistics Service (Rosstat). According to our estimates, GDP declined by 10.2 percent, which is in sharp contrast with the official estimate reporting growth of 13.4 percent. The same is found with regard to labor productivity, for which we find a decline of 30.1 percent instead of a growth of 9.2 percent. Accordingly, the full book value of fixed capital stock shrunk by 29.2 percent instead of the officially reported 50.9 percent growth. The drop in the residual value of fixed capital is estimated at 52.6 percent. The ratio of replacement to book value of fixed capital fluctuated between 4:1 in the ... |
| Databáze: | OpenAIRE |
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