A new growth model for the Russian economy1
The problems underlying the current slowdown of the Russian economy are of a persistent nature and cannot be resolved with simple measures such as a softer monetary or fiscal policy. The fundamen- tal reason for these problems is the weak market environment dominated by public and quasi-public compa...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Voprosy Ekonomiki
2015-03-01
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| Series: | Russian Journal of Economics |
| Subjects: | |
| Online Access: | http://www.sciencedirect.com/science/article/pii/S2405473915000033 |
| Summary: | The problems underlying the current slowdown of the Russian economy are of a persistent nature and cannot be resolved with simple measures such as a softer monetary or fiscal policy. The fundamen- tal reason for these problems is the weak market environment dominated by public and quasi-public companies. A new growth model should be based upon strong incentive for the business, as well as the government regulation system, to improve efficiency. This article defines the main steps to be taken in building such a model. |
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| ISSN: | 2405-4739 |