Growth and distribution in Russia and China: A Social Accounting Matrix analysis
The paper reports on the multiplier analysis of comparable Social Accounting Matrices for Russia and China. The benchmark is around 1990, which constitutes a crucial year in their transition to more mixed market-state economies. Growth multipliers in China are found to be higher than in Russia, reflecting more intensive and balanced circular flow interactions. Distribution multipliers are less regressive in China than in Russia, which reflect stronger trickle-down effects and weaker leakage-up effects in the income and expenditure patterns of rich and poor household groups in China as compared to Russia.
KeywordsEconomic Growth International Economic Comparable Social Expenditure Pattern Poor Household
Unable to display preview. Download preview PDF.
- Braber, R.; Gavrilenkov, E. “A Social Accounting Matrix for the Russian Federation,” Foundation for Economic Research Rotterdam and Higher School of Economics Moscow, Working paper, 1994.Google Scholar
- Cohen, S. I.; Gupei, Wu. “The Construction, Modeling and Analysis of a SAM for China,” Foundation for Economic Research Rotterdam, Working paper, 1995.Google Scholar
- Cohen, S. I.Patterns of Economic Restructuring for Eastern Europe, Aldershot: Avebury-Ashgate Publishing Ltd., 1993.Google Scholar
- De Melo, M.; Denizer, C.; Gelb, A.; Tenev, S. “Circumstance and Choice: The Role of Initial Conditions and Policies in Transition Economies,”The World Bank Economic Review, 15, 1, 2001, pp. 1–31.Google Scholar
- Nolan, P.China's Rise Russia's Fall, Macmillan, 1995.Google Scholar
- Pyatt. G.; Roe, A.Social Accounting for Development Planning, Cambridge University Press, 1977.Google Scholar
- Pyatt, G.; Round, J. I.Social Accounting Matrices, Symposium Series, Washington D.C.: World Bank Publications Department, 1985.Google Scholar
- Pyatt, G. “Fundamentals of Social Accounting,”Economic System Research, 3, 1991, pp. 315–41.Google Scholar
- Silverman, B.; Yanowitch, M.Winners and Losers on the Russian Road to Capitalism, M. E. Sharpe, 1997.Google Scholar
- Walder, A. G.China's Transitional Economy, Oxford University Press, 1996.Google Scholar