A new growth model for the Russian economy1

Alexei Kudrin and Evsey Gurvich

Russian Journal of Economics, 2015, vol. 1, issue 1, 30-54

Abstract: The problems underlying the current slowdown of the Russian economy are of a persistent nature and cannot be resolved with simple measures such as a softer monetary or fiscal policy. The fundamen- tal reason for these problems is the weak market environment dominated by public and quasi-public companies. A new growth model should be based upon strong incentive for the business, as well as the government regulation system, to improve efficiency. This article defines the main steps to be taken in building such a model.

Keywords: growth model; oil and gas revenues; soft budget constraints; incentives for growth. (search for similar items in EconPapers)
JEL-codes: E6 H11 O1 O4 P4 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S2405473915000033

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:rujoec:v:1:y:2015:i:1:p:30-54

DOI: 10.1016/j.ruje.2015.05.002

Access Statistics for this article

Russian Journal of Economics is currently edited by Alexey Kudrin

More articles in Russian Journal of Economics from Elsevier
Bibliographic data for series maintained by Catherine Liu ().