The recent slowdown of the Russian economy has fundamental roots and cannot be overcome by ‘simple’ measures like alleviation of monetary or fiscal policy. The major impediment to growth is marked weakness of the market environment, explained primarily with dominance of state-owned and quasi-state companies. Strong incentives for efforts to enhance efficiency by both business and public administration are required. The key objectives of policies needed to develop a new growth model are listed.
A new growth model for the Russian economy
Published 2014 in Russian Journal of Economics
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- Publication year
2014
- Venue
Russian Journal of Economics
- Publication date
2014-12-20
- Fields of study
Economics
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Semantic Scholar
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