This paper addresses the issues of measurement of Russia's dependence on oil and gas as well its attempts for diversification with shift toward a technology-centered economy. It further develops the Russia's input-output system to provide a better understanding of these issues. First, it...

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...

This paper diagnoses the present Russian situation characterized as the “Russian Disease.” First, it shows that a key symptom of the Russian Disease is a strong positive relation between the country’s real growth and terms-of-trade-effects, which is different from the symptoms of the...