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Improving the Business Climate in Russia

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  • Artur Radziwill
  • Yana Vaziakova

Abstract

Economic growth is below what would be needed to resume rapid convergence to average OECD living standards. On-going efforts to improve the business climate are laudable, but need to be widened and strengthened. Much progress has been achieved in reducing red tape, but it is only recently that the authorities have visibly become more energetic in fighting corruption. Adverse interactions between politics, business and law enforcement generate obstacles for the rule of law and remain a major risk for potential investors. High entry barriers lead to weak competition. Reducing the role of the state in the economy and WTO membership should be viewed as opportunities to strengthen competition, and hence provide incentives for productivity improvements, which are urgently required to ensure stronger growth in Russia because of a shrinking labour force. This Working Paper relates to the 2013 OECD Economic Survey of the Russian Federation (www.oecd.org/eco/surveys/economic-survey-russian-federation.htm). Améliorer le climat des affaires en Russie La croissance économique est inférieure à ce qui serait nécessaire pour assurer une convergence rapide du niveau de vie vers ceux observés en moyenne dans les pays de l'OCDE. Les efforts en cours pour améliorer le climat des affaires sont louables, mais ils doivent être élargis et renforcés. Beaucoup de progrès ont été accomplis dans la réduction des formalités administratives, mais ce n'est que récemment que les autorités sont visiblement devenues plus énergiques dans la lutte contre la corruption. Des interactions indésirables entre la politique, les affaires et l'application de la loi génèrent des obstacles pour l'État de droit et constituent un risque majeur pour les investisseurs potentiels. Des barrières élevées à l'entrée conduisent à une faible concurrence. Une réduction du rôle de l'État dans l'économie et l’adhésion de la Russie à l'OMC devraient être considérée comme une occasion de renforcer la concurrence et d’inciter à améliorer la productivité. Ces incitations sont urgemment nécessaires en Russie afin d’assurer une croissance plus forte dans un contexte de contraction de la main-d'oeuvre. Ce document de travail se rapporte à l’Étude économique de l’OCDE 2013 sur la Fédération de Russie (www.oecd.org/fr/eco/etudes/etude-economique-russie.htm).

Suggested Citation

  • Artur Radziwill & Yana Vaziakova, 2015. "Improving the Business Climate in Russia," OECD Economics Department Working Papers 1192, OECD Publishing.
  • Handle: RePEc:oec:ecoaaa:1192-en
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    File URL: http://dx.doi.org/10.1787/5js4hmd6kq32-en
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    1. repec:taf:pocoec:v:29:y:2017:i:3:p:265-281 is not listed on IDEAS

    More about this item

    Keywords

    adhésion à l'OMC; administrative burdens; business climate; climat des affaires; competition; concurrence; corporate governance; corruption; corruption; entreprise publique; FDI; formalités administratives; gouvernance d’entreprise; IDE; judicial system; privatisation; privatisation; rule of law; state-owned enterprises; système judiciaire; WTO; état de droit;

    JEL classification:

    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • H5 - Public Economics - - National Government Expenditures and Related Policies
    • H82 - Public Economics - - Miscellaneous Issues - - - Governmental Property
    • K2 - Law and Economics - - Regulation and Business Law
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • L32 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Public Enterprises; Public-Private Enterprises
    • L33 - Industrial Organization - - Nonprofit Organizations and Public Enterprise - - - Comparison of Public and Private Enterprise and Nonprofit Institutions; Privatization; Contracting Out
    • L4 - Industrial Organization - - Antitrust Issues and Policies
    • L5 - Industrial Organization - - Regulation and Industrial Policy

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