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.