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The Perspectives of Long-Term Growth in Russia

Author

Listed:
  • Georgy Idrisov

    (Industrial Organization and Infrastructure Economics Research Center of the Russian Presidential Academy of National Economy and Public Administration, Real Sector Division of the Gaidar Institute for Economic Policy)

  • Sergey Sinelnikov-Murylev

    (Russia Foreign Trade Academy of the Ministry for Economic Development of Russia, Moscow)

Abstract

The paper analyses the inconsequence and problems of Russian economic policy to accelerate economic growth. The authors consider three components of growth rate (potential, Russian business cycle, and world business cycle components) and conclude that in order to pursue an effective economic policy to accelerate growth, it has to be addressed to the potential (long-run) growth component. The main ingredients of this policy are government spending restructuring and budget institutions reform, labour and capital markets reform as well as productivity growth.

Suggested Citation

  • Georgy Idrisov & Sergey Sinelnikov-Murylev, 2015. "The Perspectives of Long-Term Growth in Russia," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 65(supplemen), pages 7-23, December.
    • Handle: RePEc:aka:aoecon:v:65:y:2015:i:supplement1:p:7-23
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    File URL: http://www.akademiai.com/doi/pdf/10.1556/032.65.2015.S1.2
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    Citations

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    Cited by:

    1. Georgy Idrisov, 2016. "Towards modern industrial policy for Russia," Research Paper Series, Gaidar Institute for Economic Policy, issue 169P, pages 157-157.

    More about this item

    Keywords

    long-term economic growth; TFP; government spending restructuring; Russia;
    All these keywords.

    JEL classification:

    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • J2 - Labor and Demographic Economics - - Demand and Supply of Labor
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity

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