The Perspectives of Long-Term Growth in Russia

Georgy Idrisov and Sergey Sinelnikov-Murylev

Acta Oeconomica, 2015, vol. 65, issue supplement1, 7-23

Abstract: The paper analyses the inconsequence and problems of Russian economic policy to accelerate economic growth. The authors consider three components of growth rate (potential, Russian business cycle, and world business cycle components) and conclude that in order to pursue an effective economic policy to accelerate growth, it has to be addressed to the potential (long-run) growth component. The main ingredients of this policy are government spending restructuring and budget institutions reform, labour and capital markets reform as well as productivity growth.

Keywords: long-term economic growth; TFP; government spending restructuring; Russia (search for similar items in EconPapers)
JEL-codes: H5 J2 O1 O4 (search for similar items in EconPapers)
Date: 2015
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Citations: View citations in EconPapers (1)

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