Can Russia Build an Innovation Economy?

Olga A. Nikolaichuk ()
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Olga A. Nikolaichuk: Budget and Treasury Academy of the Ministry of Finance of the Russian Federation, Moscow, Russia

Finansovyj žhurnal — Financial Journal, 2011, issue 1, 63-72

Abstract: The article author examines the resource-affluent countries’ economic development trends and identifies the ways in which the rental income is used in the rich countries that chose various development scenarios. The author raises the question of how to extract the rent and use the rental income efficiently in order to improve the Russian economic structure while giving reasons for making the rental income one of the key sources of the Russian economic development.

Keywords: resource rent; rental income-based model of economic development; extraction tax; use of natural resources (search for similar items in EconPapers)
JEL-codes: L71 O30 P28 (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:fru:finjrn:110105:p:63-72

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