How to secure external sustainability of the Russian economy

E. Gurvich () and I. Prilepskiy ()

Voprosy Ekonomiki, 2013, issue 9

Abstract: The paper looks into emergence of external imbalances and economy’s adjustment to them. We find that Russian economy adjusts mainly via increase or decrease of domestic demand (resulting in substantial risks and losses of production), while capacity of adjustment via exchange rate channel is very limited. Another conclusion is that long-term growth rate compatible with external sustainability amounts to just 2,2%. Any attempts to boost growth above this level, not supported with profound structural reforms, would entail regular painful crises, reverting economy to the two-percentage growth trajectory.

Date: 2013
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.vopreco.ru/jour/article/viewFile/570/570 (application/pdf)

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:nos:voprec:y:2013:id:570

DOI: 10.32609/0042-8736-2013-9-4-39

Access Statistics for this article

More articles in Voprosy Ekonomiki from NP Voprosy Ekonomiki
Bibliographic data for series maintained by NEICON ().