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Forming Sources for a Long-run Growth: How to Understand Them?

Author

Listed:
  • Georgy Idrisov

    (Gaidar Institute for Economic Policy)

  • Sergey Sinelnikov-Murylev

    (Russian Foreign Trade Academy)

Abstract

The paper analyzes the inconsequence and problems of Russian economic policy to accelerate economic growth. Authors consider three components of growth rate (potential, Russian and world business cycles) 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 the government spending restructuring

Suggested Citation

  • Georgy Idrisov & Sergey Sinelnikov-Murylev, 2014. "Forming Sources for a Long-run Growth: How to Understand Them?," Working Papers 0096, Gaidar Institute for Economic Policy, revised 2014.
    • Handle: RePEc:gai:wpaper:0096
    as

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    File URL: https://www.iep.ru/files/RePEc/gai/wpaper/0096Sinelnikov.pdf
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    References listed on IDEAS

    as
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    Cited by:

    1. Idrisov, Georgy & Kazakova, Maria & Polbin, Andrey, 2015. "A theoretical interpretation of the oil prices impact on economic growth in contemporary Russia," Russian Journal of Economics, Elsevier, vol. 1(3), pages 257-272.
    2. Mikhail Gareev, 2020. "Use of Machine Learning Methods to Forecast Investment in Russia," Russian Journal of Money and Finance, Bank of Russia, vol. 79(1), pages 35-56, March.
    3. Mau, Vladimir & Ulyukaev, Alexey, 2015. "Global crisis and challenges for Russian economic development," Russian Journal of Economics, Elsevier, vol. 1(1), pages 4-29.
    4. Idrisov, Georgy & Ponomarev, Yury & Sinelnikov-Murylev, Sergey, 2016. "Terms of trade and Russian economic development," Russian Journal of Economics, Elsevier, vol. 2(3), pages 279-301.

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    More about this item

    Keywords

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

    JEL classification:

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

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