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Economic development and restructuring: Look after Russian context

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  • Irina Peaucelle

    (PJSE - Paris-Jourdan Sciences Economiques - ENS-PSL - École normale supérieure - Paris - PSL - Université Paris Sciences et Lettres - EHESS - École des hautes études en sciences sociales - ENPC - École des Ponts ParisTech - CNRS - Centre National de la Recherche Scientifique)

Abstract

The main approaches to the determination of growth and development in the contemporary global economy are examined. Special attention is given to the measures of services, mainly in the spheres of health and finance, and of those services increasing knowledge. The paper discusses the short run advantages of the Russian economy, connected to natural resources, on the one hand, and to the scientific and technological culture of the workforce, on the other hand. It analyses the utilization of the accumulated financial resources, provided by the sale of natural resources, for investment in mega-projects in the sphere of science-intensive production and financial control. A schema of the flexible reconstruction of the existing system of production with the aid of the credit policy by the Central Bank is proposed.

Suggested Citation

  • Irina Peaucelle, 2006. "Economic development and restructuring: Look after Russian context," PSE Working Papers halshs-00590427, HAL.
    • Handle: RePEc:hal:psewpa:halshs-00590427
    Note: View the original document on HAL open archive server: https://shs.hal.science/halshs-00590427
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    References listed on IDEAS

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    1. Aghion, Philippe & Banerjee, Abhijit, 2005. "Volatility and Growth," OUP Catalogue, Oxford University Press, number 9780199248612.
    2. Robert Boyer, 2004. "The Future of Economic Growth," Books, Edward Elgar Publishing, number 3261.
    3. Philippe Aghion & Christopher Harris & Peter Howitt & John Vickers, 2001. "Competition, Imitation and Growth with Step-by-Step Innovation," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 68(3), pages 467-492.
    4. Philippe Aghion & George-Marios Angeletos & Abhijit Banerjee & Kalina Manova, 2005. "Volatility and Growth: Credit Constraints and Productivity-Enhancing Investment," NBER Working Papers 11349, National Bureau of Economic Research, Inc.
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