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

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Author Info

  • 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

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File URL: http://www.iep.ru/files/RePEc/gai/wpaper/0096Sinelnikov.pdf
File Function: Revised version, 2014
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Bibliographic Info

Paper provided by Gaidar Institute for Economic Policy in its series Working Papers with number 0096.

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Length: 23 pages
Date of creation: 2014
Date of revision: 2014
Handle: RePEc:gai:wpaper:0096

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Keywords: long-run economic growth; TFP; government spending; restructuring.;

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  1. Shekhar Aiyar & Romain A Duval & Damien Puy & Yiqun Wu & Longmei Zhang, 2013. "Growth Slowdowns and the Middle-Income Trap," IMF Working Papers 13/71, International Monetary Fund.
  2. Halvor Mehlum & Karl Moene & Ragnar Torvik, 2006. "Institutions and the Resource Curse," Economic Journal, Royal Economic Society, Royal Economic Society, vol. 116(508), pages 1-20, 01.
  3. Vito Tanzi & Howell H. Zee, 1996. "Fiscal Policy and Long-Run Growth," IMF Working Papers 96/119, International Monetary Fund.
  4. Blankenau, William F. & Simpson, Nicole B., 2004. "Public education expenditures and growth," Journal of Development Economics, Elsevier, Elsevier, vol. 73(2), pages 583-605, April.
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