A new growth model for the Russian economy

Дата публикации
Пятница, 17.04.2015

Alexey Kudrin, Evsey Gurvich

Russian Journal of Economics. Volume 1, Issue 1, March 2015, Pages 30–54.


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 fundamental 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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