Testing Russia's Virtual Economy
dc.contributor.author | Ivanenko, Vlad | en_US |
dc.date.accessioned | 2006-08-01T15:58:14Z | |
dc.date.available | 2006-08-01T15:58:14Z | |
dc.date.issued | 2001-12-01 | en_US |
dc.identifier.other | RePEc:wdi:papers:2001-428 | en_US |
dc.identifier.uri | https://hdl.handle.net/2027.42/39812 | en_US |
dc.description.abstract | In the aftermath of sovereign default of August 1998, the hypothesis of virtual economy in Russia developed by Gaddy and Ickes has gained popularity. The hypothesis states that the country has not moved towards free-market economy but developed a system of implicit price subsidization similar to what had existed before. Non-viable sectors that the state supported with subsidies before survive by over-pricing their output. Customers pass the bill back to the government by reducing their tax liabilities. We test the proposition that the distribution of the value-added across sectors is biased because of price distortions and estimate the distribution at world prices. The results support the claim that Russian price structure is different from the world level and three out of fifteen sectors, for which we construct price indices, become "value-destroying". We investigate the reasons behind price differentials and find that difference in processing and the use of barter explain a large part of it. | en_US |
dc.format.extent | 135288 bytes | |
dc.format.extent | 3151 bytes | |
dc.format.extent | 1613220 bytes | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | text/plain | |
dc.format.mimetype | application/pdf | |
dc.language.iso | en_US | en_US |
dc.relation.ispartofseries | 428 | en_US |
dc.subject | Russia, Virtual Economy, Virtual Value-added | en_US |
dc.subject.other | P2, P3, P58 | en_US |
dc.title | Testing Russia's Virtual Economy | en_US |
dc.type | Working Paper | en_US |
dc.subject.hlbsecondlevel | Economics | en_US |
dc.subject.hlbtoplevel | Business | en_US |
dc.description.bitstreamurl | http://deepblue.lib.umich.edu/bitstream/2027.42/39812/3/wp428.pdf | en_US |
dc.owningcollname | William Davidson Institute (WDI) - Working Papers |
Files in this item
Remediation of Harmful Language
The University of Michigan Library aims to describe library materials in a way that respects the people and communities who create, use, and are represented in our collections. Report harmful or offensive language in catalog records, finding aids, or elsewhere in our collections anonymously through our metadata feedback form. More information at Remediation of Harmful Language.
Accessibility
If you are unable to use this file in its current format, please select the Contact Us link and we can modify it to make it more accessible to you.