The Russian Economic Barometer: Experience of Studying Market Reforms in Russia

28
DOI: 10.20542/0131-2227-2022-66-2-132-138
Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation.
Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation.
I. Bashirova, bachirova@imemo.ru
Primakov National Research Institute of World Economy and International Relations, Russian Academy of Sciences (IMEMO), 23, Profsoyuznaya Str., Moscow, 117997, Russian Federation. 

Received 17.08.2021.

Abstract. The article is dedicated to the 30th anniversary of “The Russian Economic Barometer” – an independent research program being implemented under the auspices of the Institute of World Economy and International Relations. The program was launched in the end of 1991 with the purpose to conduct regular business surveys in order to compensate for the shortage of statistical data revealing changes in the behavior of the Russian industrial enterprises during economic transition. The article describes the distinctive features of REB data base which at present contains over 200 monthly indicators of enterprise performance and changes in the business environment. The main advantages of REB time series consist in the continuity of information gathering throughout a period of 30 years and immutability of the methodology for calculating indicators. The other advantages of REB data base are a short time span from conducting a survey to the data release and availability of indicators that are difficult or impossible to measure by conventional methods such as factors limiting output and investment, capacity and labor utilization rate, managers’ assessments of the current situation of their enterprises and expectations for the nearest future, their views on the overall economic situation and the economic policy of the government. Furthermore the authors outline the stages of the development of the research program, key studies and major achievements as well as current problems and challenges for the future. Special attention is paid to the evolution of the main end users of REB statistical information: from directors of enterprises – survey participants, to whom REB helped to cope with new realities at the early stage of the transition period, and foreign researchers, who experienced shortage of statistical information on developments in the Russian industrial sector – to the public authorities and scientific community of Russia which use REB statistics as a reliable source of independent data supplementing the official statistics. The regularly updated time series of REB indicators and analytical articles are published in the quarterly bulletin “The Russian Economic Barometer” available on the IMEMO website both in Russian https://www.imemo.ru/publications/periodical/reb-quarterly and in English https://www.imemo.ru/publications/periodical/reb-quarterly-eng

Keywords: The Russian economic barometer, market surveys, survey statistics, behavior of economic entities, industrial enterprises, IMEMO


REFERENCES

  1. Economic Indicators. Business Confidence. Available at: https://tradingeconomics.com/country-list/business-confidence (accessed 19.04.2021).
  2. Belyanova E.V., Nikolaenko S.A. The business cycle in Russia in 1998–2008: the emergence of internal mechanisms of cyclical development or the import of global shocks? The HSE Economic Journal, 2012, no. 1, pp. 31-57. (In Russ.) Available at: https://ej.hse.ru/data/2012/05/29/1252518419/16_01_03.pdf  (accessed 27.04.2021).
  3. Business Cycle Indicator Handbook. The Conference Board, 2001. Available at: https://www.oicstatcom.org/file/BUSINESS_BCI_Handbook_EN.pdf (accessed 12.11.2021).
  4. OECD Composite Leading Indicators: Turning Points of Reference Series and Component Series. OECD, April 2020. Available at: https://www.oecd.org/sdd/leading-indicators/CLI-components-and-turning-points.pdf (accessed 27.04.2021).
  5. Aukutsionek S., Kapelyushnikov R. Why enterprises hoard the labor force. Mirovaya ekonomika i mezhdunarodnye otnosheniya, 1996, no. 11, pp. 90-99. (In Russ.)
  6. Aukutsionek S.P. Empirics of transition to the market: the experience of Russia. Moscow, Nauka, 1998. 109 p. (In Russ.)
  7. Aukutsionek S.P., Batyaeva A.E. Russian enterprises in the market economy: expectations and reality. Moscow, Nauka, 2000. 138 p. (In Russ.)
  8. Gracheva M.V. Innovation activity in industry: theory and practice in market economy countries and innovation surveys of Russian enterprises. Moscow, IMEMO, 1994. 56 p. (In Russ.)
  9. Aukutsionek S., Belyanova E. Are budget constraints of Russian enterprises hardening? Mirovaya ekonomika i mezhdunarodnye otnosheniya, 1994, no. 7, pp. 40-48. (In Russ.)
  10. Belyanova E.V. Behavior and motivation of Russian enterprises. Economic policy of the transition period. Moscow, Raduga, 1995, pp. 30-47. (In Russ.)
  11. Aukutsionek S. Some Characteristics of the Transition Economy. Communist Economies and Economic Transformation, 1997, vol. 9, no. 3, pp. 289-336.
  12. Aukutsionek S. Industrial Barter in Russia. Communist Economies and Economic Transformation, 1998, vol. 10, no. 2, pp. 179-188.
  13. Aukutsionek S., Belyanova E., Gracheva M. Surveys of Russian Industrial Enterprises and Commercial Banks: Application for Research into Transition to the Market. Oppenlander K.H., Poser G. eds. Explanatory Power of Business Cycle Surveys. Aldershot, Gower, 1993, pp. 521-534.
  14. Belyanova E., Rozinsky I. Evolution of Commercial Banking in Russia and the Implications for Corporate Governance. Corporate Governance in Transitional Economies: Insider Control and the Role of Banks. Washington, World Bank, 1995, . 185-214.
  15. CEIC Data. Available at: https://www.ceicdata.com/en/about-us/introduction-ceic (accessed 27.04.2021).
  16. The Russian Economic Barometer. Monthly bulletin. (In Russ.) Available at: https://www.imemo.ru/publications/periodical/reb (accessed 27.04.2021).
  17. The Russian Economic Barometer. Quarterly bulletin. (In Russ.) Available at: https://www.imemo.ru/publications/periodical/reb-quarterly (accessed 27.04.2021).
  18. The Russian Economic Barometer. Available at: https://www.imemo.ru/publications/periodical/reb-quarterly-eng (accessed 27.04.2021).
  19. Aukutsionek S., Batyaeva A., Demina N., Egorov A., Matveev A. Statistical series of REB: surveys of industrial enterprises. Russian Economic Barometer, 2021, no. 1 (81), pp. 28-59. (In Russ.) DOI: 10.20542/2307-0390-2021-1-28-59
  20. Aukutsionek S., Batyaeva A., Demina N., Egorov A., Matveev A. Statistical series of REB: surveys of agricultural enterprises. Russian Economic Barometer, 2021, no. 1 (81), pp. 60-64. (In Russ.) DOI: 10.20542/2307-0390-2021-1-60-64

Registered in System SCIENCE INDEX

For citation:
., Egorov A., Bashirova I. The Russian Economic Barometer: Experience of Studying Market Reforms in Russia. World Eonomy and International Relations, 2022, vol. 66, No 2, pp. 132-138. https://doi.org/10.20542/0131-2227-2022-66-2-132-138



Comments (0)

No comments

Add comment







Indexed

 

 

 

 

Current Issue
2022, vol. 66, No. 11
Topical Themes of the Issue:
  • Developing Countries in the New Equation of the Post-Crisis World Order 
  • U.S. Public Diplomacy as a Tool for “Political Warfare” 
  • Central Europe: Possible Scenarios
  • The Collapse of the Global Consumption Model: in Search of Sustainability
  • Future Wars in Light of the Past Experience
Submit an Article
NEW SECTION

In response to the challenges of our time the Editorial board continues to open new thematic rubrics:

“World Energy Sector after Pandemic”. We plan to publish articles presenting in-depth analysis of influence of Pandemic on the global energy sector and forecasts of further developments in its various branches.