New Data Confirms the Basic Relationships in the Russian Economy: Ten Years of the New Economic System Revisited

March 26, 2002
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by Michael S. Bernstam and Alvin Rabushka

FIGURE 3. THE SELF-ENFORCEABLE TAX SUBSIDY: THE RELATIONSHIP BETWEEN ENTERPRISE RECEIVABLES, TAX NON-REMITTANCE, AND MONEY (LOGARITHMIC SCALE), RUSSIA, 1992-2001

Note: All data are denominated in billion 1998 nominal rubles.
Sources: Receivables and tax non-remittance: Russian State Committee on Statistics.
Money: Central Bank of Russia.