Ilya B. Voskoboynikov

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• PhD
• Managing Director at National Research University Higher School of Economics

How was life in the Soviet Union in the interwar period? The two interwar decades fall into the years of relative prosperity of the mid-1920s; the years of tumult and disaster (1929–1938) with the famines of 1932–1933, mass exiles, and repressions; and the initial years of the Second World War (WW2). These decades fall into the middle of a demograp...

How was life in the Soviet Union in the interwar period? The two interwar decades fall into the years of relative prosperity of the mid-1920s; the years of tumult and disaster (1929 – 1938) with the famines of 1932-22, mass exiles, and repressions; and the initial years of the Second World War. These decades fall into the middle of a demographic tr...

This paper shows that the industrial origins of productivity growth in Czechia, Hungary, and Slovenia (CEE-3) and Russia before 2008 were similar and driven by manufacturing industries. The contribution of manufacturing industries to multifactor productivity (MFP) growth is substantial. In CEE-3, it exceeded market services. The contribution of lab...

The textbook offers a wide-ranging, comprehensive analysis of the contemporary Russian economy (as it functions in the early 2020s) concentrated on the economy, economic policy, and economic governance. Chapters cover recent Russian economic history, the economic geography of Russia, natural resources, population, major sectors and industries, livi...

• Since 1990, economic growth in Russia has been volatile. The transformational recession, with a sharp output fall (-8.36% in 1990-1995), was followed by a post-transition recovery (6% growth in 2001-2005) and a long stagnation (1.7% in 2011-2019). These three periods differ in terms of the main sources of growth. • The transformational recession...

Why did the Soviet economy slowdown in last decades before its collapse? How did the proximate sources of economic growth of Russia change after the transition from a planned to a market economy? Previous research has suggested inputs‐driven growth before the transition and total factor productivity (TFP) as its main driver afterwards. This paper p...

Мировая экономика переживает спад из-за пандемии коронавирусной инфекции COVID-19. ВВП России в 2020 г. упал на 3,1% по отношению к уровню 2019 г., так что спад оказался более умеренным, чем в 1998 (–5,3%) и 2009 гг. (–7,8%). В ближайшие годы российской экономике предстоят восстановление и выход на новую траекторию долгосрочного роста. За счет каки...

The global economy is in recession due to the pandemic of the coronavirus infection COVID-19. Russia’s GDP in 2020 fell by 3.1% in relation to the level of 2019, so that the decline was more moderate than in 1998 (–5.3%) and 2009 (–7.8%). In the coming years, the Russian economy will have to recover and enter a new long-term growth path. At what ex...

The contributions to this Special Issue present the state of the art of growth accounting in economic history, exhibiting its strengths and weaknesses. Three set of articles compose the issue: comparative papers that discuss the challenges ahead, long‐run perspectives on Britain since the Industrial Revolution, Japan, Italy and Spain from the late‐...

The Russian Economy: A Very Short Introduction Author(s): Connolly, Richard Reviewer(s): Voskoboynikov, Ilya Published by EH.Net (November 2020) Richard Connolly, The Russian Economy: A Very Short Introduction. Oxford: Oxford University Press, 2020. xv + 151 pp. $12 (paperback), ISBN: 978-0-198-84890-5. Review is available at https://eh.net/book...

Scroll down for English. ============================================ Мировая экономика переживает спад из-за пандемии коронавирусной инфекции COVID-19. По доступным оценкам, ВВП России в 2020 г. упадёт на 2–8%, так что по своим последствиям текущий кризис может быть жёстче, чем кризисы 1998 и 2008 гг. В ближайшие годы российской экономике предст...

The issues to be discussed at the panel included: can past experience of economy recovery following crises of 1998 and 2008 be helpful at present; what sectors were driving growth of the Russian economy in the last decade, and are they able to perform this role in the future; what growth rate is feasible in 2021; what amendments to the national pro...

Strong growth, intensive structural change, and expanding informality have characterized many developing and emerging economies in recent decades. Yet most empirical investigations into the relationship between structural change and productivity growth overlook informality. This paper includes the informal sector in an analysis of the effects of st...

Мировая экономика переживает спад из-за пандемии коронавирусной инфекции COVID-19. По доступным оценкам, ВВП России в 2020 г. упадёт на 2–8%, так что по своим последствиям текущий кризис может быть жёстче, чем кризисы 1998 и 2008 гг. В ближайшие годы российской экономике предстоит восстановление и выход на новую долгосрочную траекторию роста. За сч...

The article reviews long-run sources of Russian economic growth and demonstrates that the stagnation of the Russian economy in the past decade can be considered in the context of the global productivity slowdown. Conventional industry growth accounting shows that in contrast to the transformational recession before 1998, the recent stagnation of 20...

Although productivity decline in the global economy was observed before 2008, the global financial crisis of 2008 stimulated study of its source. In this context, recent literature mentions inefficient investments in machinery, human capital, and organizational processes. This can include skill mismatch and the lack of technology diffusion from adv...

Intensive growth, structural change and expanding informality has characterized many developing and emerging economies in recent decades. Yet most empirical investigations into the relationship between structural change and productivity growth overlook informality. This paper includes the informal sector in an analysis of the effects of structural...

Although productivity slowdown of the global economy was observed before 2008, it is the 2008 crisis that stimulated studies on its origins. Recent literature mentions in this context inefficient investments to machinery, human capital and organizational processes. This can include the skill mismatch and the lack of technology diffusion from advanc...

The balance of the world economy is shifting away from the established economies of Europe, Japan, and the USA, towards the emerging economies of Asia, especially India and China. With contributions from some of the world's leading growth theorists, this book analyses the long-term process of structural change and productivity growth across the wor...

This book provides a unique and timely analysis of the role of structural change in the economic development of Brazil, Russia, India, China, and South Africa (BRICS) with a consideration for the role of industry, and in particular manufacturing. The emergence of BRICS reflects an ongoing change in the international economic order. BRICS now accoun...

This study considers the influence of structutal change to aggregate labour productivity growth of the Russian economy. The term “structural change” refers to labour reallocation both between industries and between formal and informal segments within an industry. Using Russia KLEMS and official Rosstat data we decompose aggregate labour productivit...

The paper explores the relationship between structural change and labour productivity growth of the Russian economy. Structural change is considered as the outcome of labour reallocation between industries as well as between formal and informal segments within industries. Using the shift-share analysis, we decompose aggregate labour productivity gr...

Based on newly available data, we argue that multifactor productivity increases over the period 1995-2008 generated only about a half of Russia’s GDP growth, a smaller increase than most previous estimates. Further, growth in multifactor productivity seems to have contributed to a smaller share of GDP growth in 2003-2008 than in the first seven yea...

GDP per capita growth rates in Russia have been among the highest in the world since the mid-1990s. Previous growth accounting research suggests that this was mainly driven by multi-factor productivity (MFP) growth. In this paper we analyse for the first time the drivers of Russian growth for thirty-four industries over the period 1995 to 2008. We...

This paper studies structural transformation and its implications for productivity growth in the BRIC countries based on a new database that provides trends in value added and employment at a detailed 35-sector level. We find that for China, India and Russia reallocation of labour across sectors is contributing to aggregate productivity growth, whe...

Russia is an important part of the world economy both now and in the past. Indeed, one would expect an abundance of studies on Russian economic development. In the past, growth and performance in planned economies vis-à-vis the Western world did attract much attention. These types of studies contributed to two revolutions of development thinking, w...

The article analyzes trends in fixed assets formation and fixed investment in Russia's transition economy. It is shown that the official Rosstat approach to measuring fixed assets and fixed investment may substantially understate fixed assets renovation and replacement rates. The depth of the decline in investment spending during the transition per...