nep-cis New Economics Papers
on Confederation of Independent States
Issue of 2009‒09‒11
two papers chosen by
Anna Y. Borodina
Perm State University

  1. From crisis to crisis: the high cost of the post-soviet institutional lock-in By Cédric Durand; Maxime Petrovski
  2. Measuring inequality of well-being with a correlation-sensitive multidimensional Gini index By Koen Decancq; María Ana Lugo

  1. By: Cédric Durand (CEPN - Centre d'économie de l'Université de Paris Nord - CNRS : UMR7115 - Université Paris-Nord - Paris XIII, CEMI - Centre d'étude des modes d'industrialisation - EHESS); Maxime Petrovski (CEMI - Centre d'étude des modes d'industrialisation - EHESS)
    Abstract: In this contribution, we shall try to characterise the Russian growth model the way it appears to have emerged in the 2000s, which we believe useful to explain the country's macroeconomic successes at an earlier stage as well as the severe problems it has to face now. We shall begin by presenting the macroeconomic indicators of the Russian Federation between the 1998 crash and up to the recent 2008 crisis, showing their very significant improvements in practically every area (part 1). However, the qualitative aspects of the economic growth suggest asking whether one the main reasons of Russia's economic success (high commodity prices) did not make it seriously sick with the “Dutch disease” (part 2). We shall further show that the impressive growth before the 2008 crisis was followed by a yet more impressive shock hitting the economy to the extent that very few analysts had imagined (part 3). We believe that the propagation of the crisis was amplified by the specific features of the capitalist system that emerged in Russia in the 2000s, particularly its “international regime” (part 4). We conclude our contribution by saying that the Russian model in the 2000 appeared to be intrinsically unstable before suggesting possible scenarios of finding paths to a sustainable growth model.
    Keywords: Russia - diversity of Capitalism - exportism - dutch disease - resource curse - post-soviet transformation
    Date: 2009–07–16
  2. By: Koen Decancq (Katholieke Universiteit Leuven); María Ana Lugo (University of Oxford)
    Abstract: We propose to measure inequality of well-being with a multidimensional generalization of the Gini coefficient. We derive two inequality indices from their underlying social evaluation functions. These functions are conceived as a double aggregation functions: one across the dimensions of well-being, and another across the individuals. They differ only with respect to the sequencing of aggregations. We argue that the sequencing that does not exclude the Gini index to be sensitive to the correlation between the dimensions is more attractive. We illustrate both Gini indices using Russian household data on three dimensions of well-being: expenditure, health and education.
    Keywords: multidimensional inequality, single parameter Gini index, correlation increasing majorization, Russia.
    JEL: D63 I31 O52
    Date: 2009

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