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The Great Contractions in Russia, the Baltics and the Other Countries of the Former Soviet Union
Mark de BroeckVincent Koen
其他書名
A View From the Supply Side
出版International Monetary Fund, 2000-02
主題Business & Economics / Economics / MacroeconomicsBusiness & Economics / Industries / AgribusinessBusiness & Economics / Production & Operations Management
ISBN14518451039781451845105
URLhttp://books.google.com.hk/books?id=RqW3AAAAIAAJ&hl=&source=gbs_api
註釋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.