The Output and Price Structure of the Russian Economy

This paper develops further comparative analysis of the structure of the Russian economy, the main successor of the former Soviet Union. Clarifying the features of the Russian input-output accountings, it presents an impact and skyline analysis of the economy and further shows that a description of the industrial output structures heavily relies on the trearment of subsidies and the price structures. Computing Russian world price and hybrid price indexes, it also discusses a key problem confronting the economy-the conflict inherent in the need to reform domestic prices to more closely reflect world price levels, while at the same time to reform domestic prices to more closely reflect scarcity of resources and to drastically reduce subsidies.