The Impact of Institutional Quality on Manufacturing Sectors in Russia: Panel Data Analysis

Alexeev, Michael; Chernyavskiy, Andrey

doi:10.2139/ssrn.3458938

Cited by 2 publications

(1 citation statement)

References 15 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…Addiction is not too strong a term, as since the Soviet times, attempts to diversify the economy away from oil and gas have been put aside again (the early 1980s) and again (2009) when the price of oil was on the rise (Bradshaw et al, 2019). No institutional changes required to diversify the economy have been implemented (Alexeev and Chernyavskiy, 2019). And preventing foreign firms that might help with diversification from entering Russia has been typical (Gurkov et al, 2020).…”

Section: Introductionmentioning

confidence: 99%

The ABCs of Russia's post-transition growth: What went wrong?

Ogloblin,

Brock

2024

Preprint

View full text Add to dashboard Cite

The study uses industry-level data to examine the drivers of Russia’s economic growth in 2000–2008, when the average annual growth rate was 6.45%, in comparison with 2010–2016, when it fell to 1.75%. We apply the stochastic frontier method to quantify input-driven, technology-driven, and efficiency-driven growth. The influence of the world oil price on Russia’s growth is estimated from the perspective of its effects on both expansion of inputs (extensive growth) and production efficiency (intensive growth). The oil price movements affected capital and labor growth, but the government used a rent management system to mitigate these effects. As a result, the rate of extensive growth in 2000–2008, when the oil price was rising, was about the same (around 3%) as in 2010–2016 when the oil price was falling. The intensive (TFP-driven) growth rate fell from an average of 2.7% per year in 2000–2008 to − 1% in 2010–2016 due to a substantial decline in production efficiency during the latter period. Although the world price of oil could be partly responsible for this trend, we found the evolution of Russia’s economic system from generally market-oriented to largely controlled by kleptocracy to be the main factor behind it. Despite some changes in the economy’s industrial structure that occurred during both periods, the structural transformation had a negligible effect on growth.

show abstract

Section: Introductionmentioning

confidence: 99%

The ABCs of Russia's post-transition growth: What went wrong?

Ogloblin,

Brock

2024

Preprint

View full text Add to dashboard Cite

show abstract

Capital flight, institutional quality and real sector in sub-Saharan African countries

Akinlo,

Aderounmu

2024

JMLC

View full text Add to dashboard Cite

Purpose This study aims to provide an empirical investigation into rising capital flight and the role of institutional quality to mitigate its effect on the real sector in sub-Saharan Africa (SSA). Design/methodology/approach The study uses the system generalized method of moments and uses data spanning from 1989 to 2020 from 26 SSA countries. Findings The findings show that capital flight has no direct impact on the real sector while institutional quality adversely impacted the agricultural and industrial sectors. The study also found that institutional quality is unable to mitigate the effect of capital flight on the industrial sector. Originality/value This study investigates if institutional quality mitigates the impact of capital flight on the real sector proxied by industrial value-added and agriculture value-added.

show abstract

The Impact of Institutional Quality on Manufacturing Sectors in Russia: Panel Data Analysis

Cited by 2 publications

References 15 publications

The ABCs of Russia's post-transition growth: What went wrong?

The ABCs of Russia's post-transition growth: What went wrong?

Capital flight, institutional quality and real sector in sub-Saharan African countries

Contact Info

Product

Resources

About