Is Mining Fuelling Long‐Run Growth in Russia? Industry Productivity Growth Trends Since 1995
首次从行业层面分析俄罗斯增长驱动因素，发现资本投入和全要素生产率共同推动GDP增长，采矿业和零售业增长快但生产率表现差，而商品生产行业生产率高但份额下降。
GDP per capita growth rates in R ussia have been amongst the highest in the world since the mid‐1990s. Previous growth accounting research at the macro‐level suggests that this was mainly driven by multi‐factor productivity ( MFP ) growth. In this paper we analyze for the first time the drivers of R ussian growth at the level of industries. We derive a proper measure of capital services, instead of using stock measures as in previous research. Using this, we find that aggregate GDP growth is driven as much by capital input as MFP growth. Mining and Retailing industries are growing fast, but have poor MFP performance. In contrast, MFP growth was high in goods‐producing industries but their share in GDP declined. MFP growth was highest in those industries that were particularly underdeveloped in the R ussian economy in the 1990s.