A new growth model for the Russian economy

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dc.contributor Suomen Pankki
dc.contributor Bank of Finland
dc.contributor.author Kudrin, Alexey
dc.contributor.author Gurvich, Evsey
dc.date.accessioned 2015-03-03T11:19:25Z
dc.date.available 2015-03-03T11:19:25Z
dc.date.issued 2015
dc.identifier.issn 2342-205X
dc.identifier.uri https://helda.helsinki.fi/bof/handle/123456789/13571
dc.description.abstract ​The slowdown of the Russian economy is due to chronic factors and cannot be cured by simple fixes such as relaxing monetary or fiscal policy. The biggest impediment to growth in Russia’s case is the weak market environment, evidenced foremost by the dominance of state-owned enterprises and quasi-government companies. Strong incentives for business and public administration to enhance efficiency are required. The key policy objectives necessary to move Russia away from its current model based on imported growth to a new growth model are laid out in this analysis.
dc.format.extent 35
dc.language.iso ENG
dc.relation.ispartofseries BOFIT Policy Brief
dc.rights https://helda.helsinki.fi/bof/copyright
dc.subject Bofit-kokoelma
dc.subject SP
dc.subject RP ST
dc.subject Venäjä
dc.subject Russia
dc.subject insentiivit
dc.subject.other growth model
dc.subject.other oil and gas revenues
dc.subject.other soft budget constraints
dc.subject.other incentives for growth
dc.title A new growth model for the Russian economy
dc.type Paper
dc.identifier.urn URN:NBN:fi:bof-201503031057
dc.subject.jel E66
dc.subject.jel H11
dc.subject.jel O14
dc.subject.jel O40
dc.subject.jel P40
dc.series.name BOFIT Policy Brief
dc.series.year 2015
dc.series.number 1/2015
dc.series.sortingnumber 0001
dc.date.publication 26.2.2015
dc.subject.yso talouskasvu
dc.subject.yso talouspolitiikka
dc.subject.yso taloudellinen kehitys
dc.subject.yso kasvumallit
dc.subject.yso tuotantorakenne
dc.contributor.orgunit Siirtymätalouksien tutkimuslaitos (BOFIT)
dc.contributor.orgunit Institute for Economies in Transition (BOFIT)
dc.description.publication This article first appeared in Russian in the journal Voprosy Ekonomiki No. 12, 2014.

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