How fast can Russia grow?
| Title: | How fast can Russia grow? |
| Author: | Korhonen, Iikka |
| Organization: |
Suomen Pankki
Bank of Finland |
| Department / Unit: |
Siirtymätalouksien tutkimuslaitos (BOFIT)
Institute for Economies in Transition (BOFIT) |
| Series: | BOFIT Policy Brief |
| ISSN: | 2342-205X |
| Series year: | 2015 |
| Series number: | 10/2015 |
| Year of publication: | 2015 |
| Publication date: | 16.12.2015 |
| Pages: | 13 |
| Subject (yso): | talouskasvu; bruttokansantuote; väestöennusteet; työvoima; tuottavuus |
| Keywords: | Bofit-kokoelma; Venäjä |
| Other keywords: | Russia; demographics; total factor productivity; capital stock |
| Abstract: | In this note I gauge Russia’s future growth potential under various assumptions in a standard growth-accounting framework. Russia’s GDP growth during the next two decades will be substantially lower than during the previous 15 years, mostly because of rapid decline in labor force. In addition, much of the potential for rapid productivity growth has already been exhausted. Russia’s GDP growth will be below two per cent per annum. |
| Rights: | https://helda.helsinki.fi/bof/copyright |
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