Quantitative Assessments of Institutional Improvements’ Impact on Economic Growth in Russia

Alexey Vedev and Andrey Kosarev

Ekonomicheskaya Politika / Economic Policy, 2012, 50—65

Abstract: The article contains analysis of key factors of Russia’s economic growth during last decade. The model of growth based on domestic demand expansion was unstable, affected by external shocks, stimulated inflation and imports. The reasons are covered in institutional factors, caused relatively low domestic production growth under demand impulses. Authors offer quantitative assessments of potential economic growth as result of institutional environment improvement. Possible measures are improvement of business climate, overcoming corruption, strengthening democratic valuesand political institutions development. Even partial decision of such problems will lead to economic growth acceleration and improvement quality of growth.

Keywords: Russia’s economic growth; domestic demand; institutional factors (search for similar items in EconPapers)
Date: 2012
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Persistent link: https://EconPapers.repec.org/RePEc:rnp:ecopol:e12112

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