Higher Education’s External Effects in Modern Russia’s Economy
Econometric models of GDP’s crisis growth rates and factors of GDP’s recession rates have been received. The models allow predict the recession in Russia’s economy in 2015–2019. Decline in production during the crisis can reach 16–17%. Production decline duration can make 4–5 years. The crisis phenomena in economy at the level up to 80,7% have been caused by formation of adverse institutional environment under the influence of the laws adopted in 2003–2014. A new paradigm of economic policy is necessary for overcoming the crisis phenomena in economy, this policy is the one related to formation of institutions favoring to the economic growth and economic development, the policy aimed at the business development, at investment attraction, at domestic demand expansion.