Economic Analysis: Theory and Practice
 

Abstracting and Indexing

РИНЦ
Referativny Zhurnal VINITI RAS
Worldcat
Google Scholar

Online available

EBSCOhost
Eastview
Elibrary
Biblioclub

Archiving

Cyberleninka (12 month OA embargo)

Structural transformation of the Russian economy in the employment context: An analysis of trends and forecast

Vol. 18, Iss. 2, FEBRUARY 2019

Received: 26 November 2018

Received in revised form: 10 December 2018

Accepted: 21 December 2018

Available online: 28 February 2019

Subject Heading: ECONOMIC ADVANCEMENT

JEL Classification: E00, E24, E27, F66, J21

Pages: 217–233

https://doi.org/10.24891/ea.18.2.217

Vikharev V.V. Kuban State Technological University, Krasnodar, Russian Federation
v.v.viharev@mail.ru

ORCID id: not available

Subject The article investigates the structural transformation of the Russian economy, problems related to its assessment and analysis, and identifies the need for improving the relevant methodological tools.
Objectives The purpose of the study is to define approaches, assess and reveal tendencies, and give forecasts of structural transformation of the Russian economy.
Methods I employ methods of dynamic, statistical, comparative and regression analysis.
Results The analysis of structural changes in the Russian economy shows that the share of the employed in the service sector is steadily increasing, while other sectors demonstrate an inverse trend. The presented conservative forecast of changes in the structure of the Russian economy up to 2027 shows that the share of employment in the service industry will continue increasing, and in other industries it will shrink.
Conclusions The service sector currently acts as a buffer, where former employees from industry and agriculture are accumulated due to increased labor efficiency in these sectors. However, the public sector has not evolved to the level of the leading countries.

Keywords: structural transformation, economic sector, employment, labor productivity

References:

  1. Rodrik D. Diagnostics Before Prescription. Journal of Economic Perspectives, 2010, vol. 24, iss. 3, pp. 33–44. URL: Link
  2. Rodrik D. Unconditional Convergence in Manufacturing. The Quarterly Journal of Economics, 2013, vol. 128, iss. 1, pp. 165–204. URL: Link
  3. Rodrik D. Where Did All the Growth Go? External Shocks, Social Conflict, and Growth Collapses. Journal of Economic Growth, 1999, vol. 4, iss. 4, pp. 385–412. URL: Link
  4. Rodrik D., Subramanian A., Trebbi F. Institutions Rule: The Primacy of Institutions Over Geography and Integration in Economic Development. Journal of Economic Growth, 2004, vol. 9, iss. 2, pp. 131–165. URL: Link
  5. McMillan M., Rodrik D., Verduzco-Gallo I. Globalization, Structural Change, and Productivity Growth, with an Update on Africa. World Development, 2014, vol. 63, pp. 11–32. URL: Link
  6. Caselli F., Coleman W.J. The U.S. Structural Transformation and Regional Convergence: A Reinterpretation. Journal of Political Economy, 2001, vol. 109, iss. 3, pp. 584–616. URL: Link
  7. Duarte M., Restuccia D. The Role of the Structural Transformation in Aggregate Productivity. The Quarterly Journal of Economics, 2010, vol. 125, iss. 1, pp. 129–173. URL: Link
  8. Page J. Can Africa Industrialize? Journal of African Economies, 2012, vol. 21, iss. Suppl_2, pp. 86–124. URL: Link
  9. Lin J.Y. New Structural Economics: A Framework for Rethinking Development. World Bank Research Observer, 2011, vol. 26, iss. 2, pp. 193–221. URL: Link
  10. Lin J.Y. From Flying Geese To Leading Dragons: New Opportunities and Strategies for Structural Transformation in Developing Countries. Global Policy, 2012, vol. 3, iss. 4, pp. 397–409. URL: Link
  11. Hidalgo C.A., Klinger B., Barabási A.-L., Hausmann R. The Product Space Conditions the Development of Nations, Science, 2007, vol. 317, iss. 5837, pp. 482–487. URL: Link
  12. Sukharev O.S. [Structural policy in the Russian economy: Formation conditions]. Natsional'nye interesy: prioritety i bezopasnost' = National Interests: Priorities and Security, 2014, no. 3, pp. 2–8. URL: Link (In Russ.)
  13. Perskii Yu.K. [Competitive vector of structural transformation of economic systems: A synthesis of evolutionary, institutional and hierarchical approaches]. Zhurnal ekonomicheskoi teorii = Russian Journal of Economic Theory, 2008, no. 4, pp. 29–40. (In Russ.)
  14. Єрохін С.А. Структурна трансформація національної економіки (теоретико-методологічний аспект). Київ, Світ знань, 2002, 528 с.
  15. Lyubimtseva S.V. Transformatsiya ekonomicheskikh sistem [The transformation of economic systems]. Moscow, Ekonomist" Publ., 2003, 443 p.
  16. Martynov A.V. [New priorities for the transformation of the Russian economy and the government policy]. Problemy sovremennoi ekonomiki = Problems of Modern Economics, 2013, no. 1, pp. 21–25. URL: Link (In Russ.)
  17. Vikharev V.V. [The use of WGI methods of the World Bank to evaluate change in Russia's institutional environment: Opportunities and constraints]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2016, no. 46, pp. 32–44. URL: Link (In Russ.)
  18. Khuzina G.G. [The concept and the mechanism of transformation of structure of economic system]. Finansy i kredit = Finance and Credit, 2011, no. 11, pp. 54–58. URL: Link (In Russ.)
  19. Igonina L.L. [Influence of fiscal and monetary policy on economy and social development]. Finansy i kredit = Finance and Credit, 2014, no. 15, pp. 37–45. URL: Link (In Russ.)
  20. Igonina L.L. Finansovaya sistema i ekonomicheskoe razvitie [Financial system and economic development]. Moscow, Rusains Publ., 2016, 140 p.
  21. Igonina L.L. [Financial system of Russia: Analysis of structural-functional characteristics]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2013, no. 33, pp. 14–21. URL: Link (In Russ.)
  22. Brohman J. Popular Development: Rethinking the Theory and Practice of Development. Oxford, Blackwell Publishers Ltd., 1997, 412 p.

View all articles of issue

 

ISSN 2311-8725 (Online)
ISSN 2073-039X (Print)

Journal current issue

Vol. 18, Iss. 2
February 2019

Archive