Specifics of the Economic Crisis in Russia

Sergey Alexandrovich Surkov

Research in World Economy, 2014, vol. 5, issue 1, 106-113

Abstract: The article presents features of the growing crisis process in the Russian economy and allocated symptoms of approximation a crisis in the economy. The following three factors considered as grounds for such conclusions. In particular, it was observed the slowdown of GDP, an increase with years the difference between GDP and the sum of the GRP of Russian regions. In addition, the growth of human potential has practically ceased. Collection of data by the most significant and well-informed literary sources was used. Survey of experts was conducted by importance of the factors in the list of thirty-five indicators. These data were used to extract the most influencing factors and assessment of their significance. The result revealed that corruption, inefficient public administration, crisis of the education system and monopolization of the economy turned a most important for inhibition the development the Russian economy.

Keywords: crisis phenomena; crisis reasons; human development indicators (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:jfr:rwe111:v:5:y:2014:i:1:p:106-113

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