nep-cis New Economics Papers
on Confederation of Independent States
Issue of 2011‒09‒22
one paper chosen by
Koen Schoors
Ghent University

  1. Russian Growth Path and TFP Changes in Light of the Estimation of Production Function using Quarterly Data By Kuboniwa, Masaaki

  1. By: Kuboniwa, Masaaki
    Abstract: We present estimations of a Cobb-Douglas production function with a steady change in TFP (total factor productivity) for the Russian economy, using quarterly data for the favorable period 1998Q3–2008Q2 and the period 1995Q1–2010Q2 as well. Compiling our baseline data on capital and labor adjusted for utilization, we explicitly present estimations of the coefficients (the capital distribution ratio and TFP) of production function, which show that TFP is the major growth source, followed by the capital contribution. We also show results of measurement of Russia‟s GDP gaps as the differences between potential and actual GDPs based on the production function and the Hodrick-Prescott filter.
    Keywords: Growth, TFP, Cobb-Douglas, Russia
    JEL: E01 P24
    Date: 2011–02

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