The First Release of Russia KLEMS Dataset is Now Available
The Russian economy is now available for industry-level comparisons with more than three dozen of other economies. This is the result of many years of joint effort by a joint team from the Laboratory for Research in Inflation and Growth at HSE and the Groningen Growth and Development Centre at the University of Groningen. Dale Jorgenson (Harvard University), Marcel Timmer (University of Groningen), Evgeny Yasin, and Ilya Voskoboinikov (HSE) comment on the publication of data on Russia in the World KLEMS project.
Russia KLEMS in the system of production and output indicators for World KLEMS inter-country comparisons
KLEMS, the industry growth accounting framework, allows breaking down of output growth rates into contributions of inputs, capital (K), labour (L), energy (E), materials (M), and services (S), and multifactor productivity (MFP).This break down can be calculated both for the economy as a whole, and for specific industries. The first release of the database on the Russian economy is now available online. It includes series of labour, capital, and added value indicators for 34 industries in 1995 - 2009. These series are harmonized with data for other countries represented in the World KLEMS project, including 25 EU member states, Australia, Canada, Japan, South Korea, and the USA. Similar projects for China (China KLEMS), India (India KLEMS), and Latin America (LA KLEMS) are currently at different stages of development.
Key publications using Russia KLEMS data
Timmer, Marcel P., and Ilya B. Voskoboynikov. 2013. "Is Mining Fuelling Long Run Growth in Russia? Industry Productivity Growth Trends since 1995." GGDC Research Memorandum GD-137.
de Vries, Gaaitzen J., Abdul A. Erumban, Marcel P. Timmer, Ilya B. Voskoboynikov, and Harry X. Wu. 2012. "Deconstructing the BRICs: Structural Transformation and Aggregate Productivity Growth." Journal of Comparative Economics 40 (2): 211-227.
Evgeny Yasin, Academic Supervisor of the HSE
The recently published data set is the result of the efforts over many years of several Russian and international experts. In 2006 the analysis of the Russian economy’s production became part of the research program founded at the HSE in the Laboratory for Research in Inflation and Growth headed by Revold Entov. The first serious effort on implementing Dale Jorgenson’s initiative became possible thanks to support fromAndrey Yakovlev andEvgeny Yasin. With their participation, in 2007 the HSE allocated funds for analyzing the opportunity to build a system of industry growth accounts on the basis of Russian statistics. That study was implemented by HSE researchers, Vladimir Bessonov, Aleksey Ponomarenko, Igor Kim, Elena Dryabina, and me. The results of the study were discussed at a seminar on March 31, 2008, with leading specialists of the Federal State Statistics Service, Russian experts, as well as representatives of the EU KLEMS consortium and Dale Jorgenson, and became the basis for the Russia KLEMS data set.