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Defragmentation of Economic Growth with a Focus on Diversification: Evidence from Russian Economy

Gnidchenko, Andrey (2010): Defragmentation of Economic Growth with a Focus on Diversification: Evidence from Russian Economy.

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Abstract

In this paper, we develop a comprehensive analysis of diversification issues for Russian economy. Assessing diversification for nine different variables, we show that choice of a variable affects the result much, and that, unlike a popular opinion, equiproportional economic diversity measures are still useful in economic analysis. Developing a simple defragmentation of economic growth, we account for labor productivity and labor availability separately, and show that these components depend on different factors.

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