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Modern Approaches to Measuring the State Sector: Methodology and Empirics
[Современные Подходы К Измерению Государственного Сектора: Методология И Эмпирика]

Author

Listed:
  • Abramov, Alexander E. (Абрамов, Александр)

    (Presidential Academy of National Economy and Public Administration)

  • Aksenov, Ivan V. (Аксенов, Иван)

    (Presidential Academy of National Economy and Public Administration)

  • Radygin, Alexander D. (Радыгин, Александр)

    (Presidential Academy of National Economy and Public Administration, Gaidar Institute for Economic Policy)

  • Chernova, Maria I. (Чернова, Мария)

    (Presidential Academy of National Economy and Public Administration)

Abstract

This article attempts to estimate the scale of state participation in the Russian есоnomу in temporal dynamics and in comparison with other countries. Оur unique methodology suggests а set of alternative approaches to measuring 3 independent components: state­owned eпterprises (SOEs), state unitary enterprises and the public administration sector. Our results reveal growth of state involvement in the есоnomy up to 46% of GDP in 2016. Theshare of SOEs and public administration iп GDP rose from 20.2% and 16.9% in 2006 to 25.3% and 19.2% in 2016, respectively, Ьу conservative estimates. А cross­country comparison suggests that market capitalization, employment and SOEs' share in GDP are significant and increasing. The share of public administration corresponds to the same esimate for OECD countries, Ьнt it is also increasing. The total state share and its gowth can be evidence of an alarming trend for the Russian economy. It is 6-12% higher than the estimate for most developing countries and, unlike in China or India, it keeps growing. This leads to state expansion in the economy, growth of state influence on SOEs and а transfer of noneconomic risks to SOEs. Apart from increasing state involvement in added value creation, the state plays аn active role in reallocation of financial resources, and there is some evidence that it is even more significant than the state share in creating added value measured by GDP.

Suggested Citation

  • Abramov, Alexander E. (Абрамов, Александр) & Aksenov, Ivan V. (Аксенов, Иван) & Radygin, Alexander D. (Радыгин, Александр) & Chernova, Maria I. (Чернова, Мария), 2018. "Modern Approaches to Measuring the State Sector: Methodology and Empirics [Современные Подходы К Измерению Государственного Сектора: Методология И Эмпирика]," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 2, pages 28-47, April.
  • Handle: RePEc:rnp:ecopol:ep1812
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    1. Bera, Anil K. & Sosa-Escudero, Walter & Yoon, Mann, 2001. "Tests for the error component model in the presence of local misspecification," Journal of Econometrics, Elsevier, vol. 101(1), pages 1-23, March.
    2. Wittmann Nadine, 2013. "A microeconomic analysis of the socio-economic situation along the Kat River Water Basin: Comment," Agrekon, Taylor & Francis Journals, vol. 52(2), pages 128-135, June.
    3. Johansson, Robert Charles, 1997. "Wage structure in the supermarket industry 1984-1993," Faculty and Alumni Dissertations 246441, University of Minnesota, Department of Applied Economics.
    4. Cpb & Capp & Case & Cepii & Etla & Tifo & Ifs & Ihs, 2015. "Study on the effects and incidence of labour taxation. Final report," Taxation Papers 56, Directorate General Taxation and Customs Union, European Commission.
    5. Martin R. Holmer & Stavros A. Zenios, 1995. "The Productivity of Financial Intermediation and the Technology of Financial Product Management," Operations Research, INFORMS, vol. 43(6), pages 970-982, December.
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    Cited by:

    1. Zemtsov, Stepan (Земцов, Степан) & Barinova, Vera (Баринова, Вера) & Kidyaeva, Vera (Кидяева, Вера) & Lanshina, Tatiana (Ланьшина, Татьяна), 2020. "Ecological Efficiency and Sustainable Regional Development in Russia During the 20 Years of Resource-Based Growth [Экологическая Эффективность И Устойчивое Развитие Регионов России За Двадцатилетие," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 2, pages 18-47, April.
    2. Vera A. Barinova & Stepan P. Zemtsov & Alexander A. Mikhaylov & Yulia V. Tsareva, 2022. "Пересмотр Долгосрочных Трендов Развития Малого И Среднего Предпринимательства В России И Регионах В Постсоветский Период," Russian Economic Development (in Russian), Gaidar Institute for Economic Policy, issue 7, pages 29-44, July.
    3. Klishevich, Daria & Panibratov, Andrei, 2024. "The omnipresence of the state and its effect on the internationalization of companies: The Russian variety of state capitalism," Journal of International Management, Elsevier, vol. 30(4).
    4. Zemtsov, S., 2020. "Institutions, entrepreneurship, and regional development in Russia," Journal of the New Economic Association, New Economic Association, vol. 46(2), pages 168-180.
    5. Vera A. Barinova & Stepan P. Zemtsov & Alexander A. Mikhaylov & Yulia V. Tsareva, 2022. "Reconsidering Long-term Trends in the Development of Small and Medium-Sized Enterprises in Russia and the Regions in the post-Soviet Period [Пересмотр Долгосрочных Трендов Развития Малого И Среднег," Russian Economic Development, Gaidar Institute for Economic Policy, issue 7, pages 29-44, July.
    6. Aleksandr E. Abramov & Andrei A. Pershin & Maria I. Chernova, 2023. "Measuring the State Sector and Assessing Its Effectiveness: Approaches and Implications," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 27-46, April.

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    More about this item

    Keywords

    state ownership; state-owned enterprises; public administration sector; state share in GDP.;
    All these keywords.

    JEL classification:

    • B20 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - General
    • D20 - Microeconomics - - Production and Organizations - - - General
    • D60 - Microeconomics - - Welfare Economics - - - General
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property
    • H83 - Public Economics - - Miscellaneous Issues - - - Public Administration
    • K40 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - General
    • L30 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - General
    • P20 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - General

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