Template-Type: ReDIF-Paper 1.0
Author-Name: Evguenia Bessonova
Author-Email: BessonovaEV@cbr.ru
Author-Workplace-Name: Bank of Russia, Russian Federation

Author-Name: Anna Tsvetkova
Author-Email: TsvetkovaAN@cbr.ru
Author-Workplace-Name: Bank of Russia, Russian Federation


Title: Productivity convergence trends within Russian industries: firm-level evidence

Abstract: The paper focuses on trends in the convergence of labour and multifactor productivity in Russia.
Using firm-level data for the 2011-2016 period, we obtain the following result: 
low-productivity firms grow faster than high-productivity ones. 
Despite this, the initial gap between the most and the least productive firms in the Russian economy is so wide
that it is hardly possible to overcome in the short term. Moreover, we find that this gap has increased over the 2011-2016 period, 
suggesting divergence in productivity levels of Russian firms. 
To verify the divergence within narrowly defined industries, we also use the stochastic frontier analysis. 
Our estimates confirm divergence in most industries.

Length: 75 pages
Creation-Date: 2019-10
Revision-Date:
Publication-Status:
File-URL: http://cbr.ru/Content/Document/File/87580/wp-51_e.pdf
File-Format: Application/pdf
File-Function:
Number:wps51
Classification-JEL: D24, E22, O47.
Keywords: productivity gap, beta-convergence, sigma-convergence, stochastic frontier analysis. 
Handle:RePEc:bkr:wpaper:wps51