01726cas a2200265 a 4500 AALejournalIMF003685 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451921847 1018-5941 BD-DhAAL BD-DhAAL Gavrilenkov, Evgeny. How Large Was the the Output Collapse in Russia? : Alternative Estimates and Welfare Implications / Evgeny Gavrilenkov, Vincent Koen. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (38 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The divergence between production and consumption indicators in Russia suggests that the magnitude of the output collapse in the course of the transition is overstated by the official statistics. Alternative estimates for real GDP are derived, which reconcile the official production and consumption data. Based on cautious assumptions, real GDP appears to have declined cumulatively by no more than one third rather than by one half. The drop in household welfare is much smaller still, as the output mix shifts and deadweight losses are sharply reduced. Mode of access: Internet Russian Federation imf Koen, Vincent. IMF Working Papers; Working Paper ; No. 1994/154 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/154/001.1994.issue-154-en.xml IMF e-Library