@ARTICLE{26543120_26549806_2004, author = {Ilya Voskoboynikov}, keywords = {, fixed assets, conversion indices, capacity of industrial enterprisesgross investment}, title = {А Contribution to the Fixed Assets Behavior Model of Russian Economy}, journal = {HSE Economic Journal }, year = {2004}, volume = {8}, number = {1}, pages = {3-20}, url = {https://ej.hse.ru/en/2004-8-1/26549806.html}, publisher = {}, abstract = {The fixed assets behavior model, which was based on the assumption of constant service lives [15], and published recently, is improved in the present paper. The model is supposed to eliminate huge distortions of the official fixed assets stock values. Within the model, fixed assets values were estimated in 1959-2002. Huge divergence of official, and modeled values of fixed assets in 1990-2002 are explained by the two kinds of capital, which bias the official estimates - unfit for service, and retired due to lack of demand.Within the model it was found, that the effective capital in 2002 was 2,6-2,7 ti­mes down on 1990. The fit for service capital was 1,2-1,6 times down on 1990. A share of the capital, which was purchased after the plan-market transition, was 71,5-74,3 per cent of the effective capital, and 32,9-43,2 per cent of the fit for service capital in 2002.}, annote = {The fixed assets behavior model, which was based on the assumption of constant service lives [15], and published recently, is improved in the present paper. The model is supposed to eliminate huge distortions of the official fixed assets stock values. Within the model, fixed assets values were estimated in 1959-2002. Huge divergence of official, and modeled values of fixed assets in 1990-2002 are explained by the two kinds of capital, which bias the official estimates - unfit for service, and retired due to lack of demand.Within the model it was found, that the effective capital in 2002 was 2,6-2,7 ti­mes down on 1990. The fit for service capital was 1,2-1,6 times down on 1990. A share of the capital, which was purchased after the plan-market transition, was 71,5-74,3 per cent of the effective capital, and 32,9-43,2 per cent of the fit for service capital in 2002.} }