On the Strategy of the Russian Economy Development

2007 ◽  
pp. 30-51 ◽  
Author(s):  
S. Glazyev
Keyword(s):  
Economic Growth ◽  
Competitive Advantages ◽  
Structural Degradation ◽  
Russian Economy ◽  
Growth Policy

The paper analyzes the present conditions of the Russian economy, existing and possible directions of its evolution in the context of global long-term development tendencies. Proceeding from the regularities of contemporary economic growth, the main problems and threats to the Russian economy development as well as the consequences of continuing tendencies of its structural degradation are assessed. A set of proposals for the formation of economic growth policy is substantiated. These proposals take into account the need to overcome existing disproportions and problems, possibilities of the activation of the competitive advantages and sources of growth.

Russian low carbon development strategy

2020 ◽  
pp. 51-74
Author(s):  
I. A. Bashmakov
Keyword(s):  
Economic Growth ◽  
Development Strategy ◽  
Low Carbon ◽  
Security Risk ◽  
Ghg Emission ◽  
Emission Mitigation ◽  
Russian Economy ◽  
The Russian Federation ◽  
Scenario Projections

The article presents the key results of scenario projections that underpinned the Strategy for long-term low carbon economic development of the Russian Federation to 2050, including analysis of potential Russia’s GHG emission mitigation commitments to 2050 and assessment of relevant costs, benefits, and implications for Russia’s GDP. Low carbon transformation of the Russian economy is presented as a potential driver for economic growth that offers trillions-of-dollars-worth market niches for low carbon products by mid-21st century. Transition to low carbon economic growth is irreversible. Lagging behind in this technological race entails a security risk and technological backwardness hazards.

Challenges of Russian economic development and government economic policy

2016 ◽  
pp. 36-44
Author(s):  
A. Ulyukaev
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Russian Economic Development ◽  
Transaction Costs ◽  
State Support ◽  
Investment Activity ◽  
Russian Economy ◽  
The Government

The article analyzes the problems faced by the Russian economy, and response by the government economic policy. The author considers measures to address four key tasks that will maximize long-term economic growth: the reduction of direct and transaction costs, creation of conditions for the transformation of savings into investments, fostering investment activity through the mechanisms of state support, as well as the removal of demand constraints.

scholarly journals Value and quality creation: natural resources, industrialization and standards of living in peru 1950 to 1997

1999 ◽  
pp. 69-123
Author(s):  
Santiago Roca ◽  
◽  
Luis Simabuko ◽  
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Natural Resources ◽  
Latin American ◽  
Washington Consensus ◽  
Competitive Advantages ◽  
Industrial Policies ◽  
Standards Of Living ◽  
Latin American Countries

Peru”s recent economic policy, like that of most Latin American countries! has followed the paradigm of the socalled “Washington Consensus”. Such paradigm precludes the implementation of “strategic” industrial policies as well as the active and deliberate construction of competitive advantages through measures that foster certain sectors or activities. “Washington-Consensus” thinkers hold that the “magic of the market” and its indiscriminate opening will allow countries to acquire the necessary long-term external competitiveness, promote economic growth and enhance standards of living, regardless of the country”s productive specialization.

scholarly journals Structure of Technological Dynamics and Economic Growth of Russia

Federalism ◽  
2020 ◽  
pp. 5-25
Author(s):  
O. S. Sukharev
Keyword(s):  
Economic Growth ◽  
Structural Changes ◽  
New Technologies ◽  
Technological Development ◽  
Russian Economy ◽  
Technological Structure ◽  
Innovative Products ◽  
Technological Modernization ◽  
Technological Effectiveness

The slowdown in Russia’s economic growth to the “covid crisis”, as well as the possibility of restoring growth and forming a new model of it, are associated with the need to overcome structural constraints. Moreover, the plans for the recovery of the Russian economy note the need not only for a stimulating macroeconomic policy, but also for the implementation of structural changes through technological renewal. However, technological modernization is highly dependent on the existing mode of technological development – the current and future demand for new technologies. The implementation of the country’s technological development strategy requires an assessment of the existing technological structure with a measurement of its reaction to ongoing investments in support of obsolete and emergence of new technologies. Different sectors of the economy and its regions, having a different set of technologies and their structure, show a different level of manufacturability, which is understood as the ratio of the volume of innovative to non-innovative products. The sensitivity of this parameter to investments in new and outdated technologies is also different, which cannot be taken into account in the formation of investment and technological development policies for both individual regions and Russia as a whole. Using structural and regression analysis, this study provides a picture of the structure of the technological Russian economy. It is shown that technological modernization also involves the movement of resources in the sectoral and regional context in order to eliminate structural and technological imbalances in development. Investment policy should be reduced not only to increasing investments, but also to managing their structure in conjunction with replacing old technologies in order to level and improve the overall manufacturability. This will require solving the promising problem of increasing the sensitivity of manufacturability to investments in new technologies. In the long term, this approach will make it possible to single out the modes of regional technological development, not only ranking regions in terms of sensitivity to new and old technologies, but also developing a selective set of regional policy measures.Keywords: “covid crisis”, economic growth, industrialization, investments, structural changes, structural dynamics, technologies, technological effectiveness of the regional economy.

scholarly journals Research on the Impact of International Oil Prices on the Economy of Russia

2020 ◽  
Vol 214 ◽  
pp. 03006
Author(s):  
Jiuxia Wu
Keyword(s):  
Economic Growth ◽  
Resource Curse ◽  
Oil Prices ◽  
Oil Price ◽  
Short Term ◽  
Russian Economy ◽  
Income Determination ◽  
The Impact ◽  
The Relationship

In the process of Russian economic development, the oil industry is one of the important pillar industries. More than 50% of the total revenue of the Russian government comes from the oil and gas industry. Oil and oil products exports account for about 56.9% of Russia’s total export[1]. So Russia’s economy is inextricably linked to oil prices. Rosneft’s role in budgetary revenue sources is growing. In the development of the world economy, the change of international oil price affects the development of the Russian economy. This paper reviews the relevant theories about the relationship between oil price and Russia’s economic growth. Besides, the short-term and long-term effects of oil price fluctuation on Russian economy are analyzed with Keynes’s income determination theory and “resource Curse” theory[2] respectively. In addition, the granger causality test is used to analyze the relationship between the fluctuation of oil price and the change of Russian GDP. The following conclusions are drawn from the analysis. Firstly, oil price rise is beneficial to Russian economic growth in the short term, but will hinder Russia’s economic long-term development. Secondly, the fluctuation of oil price is the granger cause of the change of Russian GDP. However, the change of Russian GDP is not the granger cause of the fluctuation of oil price.

scholarly journals State-Business Partnership in Modern Conditions: Prospects for Transformation

2021 ◽  
pp. 29-38
Author(s):  
V. A. Plotnikov
Keyword(s):  
Economic Growth ◽  
National Development ◽  
Public Private Partnership ◽  
The State ◽  
Broad Sense ◽  
Private Partnership ◽  
Business Partnership ◽  
Russian Economy ◽  
Development Goals

The complexity of the economy and the increase in uncertainty, as well as the need to solve ambitious tasks aimed at achieving strategic national development goals, force us to search for new forms and mechanisms for starting long-term economic growth. One such mechanism is public-private partnership, understood in the article in a broad sense, as an extensive set of forms of mutually benefcial interaction between the state and business. The article analyses the prerequisites of intensifying partnership in the modern Russian economy and assesses the directions of its transformation.

scholarly journals Fiscal maneuver and restructuring the Russian economy

2017 ◽  
pp. 5-27 ◽  
Author(s):  
A. Kudrin ◽  
I. Sokolov
Keyword(s):  
Public Health ◽  
Economic Growth ◽  
Fiscal Policy ◽  
Public Debt ◽  
Physical Capital ◽  
The Public ◽  
Russian Economy ◽  
General Government ◽  
Fiscal Rule

The paper discusses fiscal policy parameters for the period through 2024. The suggested way to ensure long-term fiscal stability is stabilization of both the general government revenues and expenditure in percent of GDP at levels differing by the public debt service payments, and then applying a new version of the fiscal rule. Redistribution of fiscal spending from “unproductive” to “productive” areas (primarily investment in human and physical capital) is considered as a way to boost economic growth. Possible use of additional spending on education, public health, and transport system is presented, as well as optimization of expenditures in “nonproductive” areas.

Alternative strategies of overcoming stagnationand a “new growth model” of the Russian economy

2017 ◽  
pp. 121-137 ◽  
Author(s):  
V. Manevitch
Keyword(s):  
Economic Growth ◽  
Oil And Gas ◽  
Raw Materials ◽  
Value Added ◽  
Net Income ◽  
Russian Economy ◽  
Short Run ◽  
Monetary And Fiscal Policy ◽  
Rate Of Accumulation

The export-raw materials model of the Russian economy has exhausted its potential to induce economic growth and has become one of the main reasons for prolonged stagnation. The profit of oil and gas complex concentrates a significant part of the value added created in other activities. The mechanism ensuring such concentration is lowed ruble exchange rate and monopoly pricing. From 40 to 60% of foreign exchange earnings from oil and gas exports is used for the export of capital and payment of net income of non-residents. The reduction of net exports to the minimum will bring the rate of accumulation to the saving rate. Reallocation of investment in favor of infrastructure and processing industries will increase their effectiveness. Thus the tasks of creating new centers of income, forming a new mechanism of economic growth will be solved. Monetary and fiscal policy will be effective not only in the short run but also in the long-term period.

Strategy of Growth for Russia

2017 ◽  
pp. 24-39 ◽  
Author(s):  
B. Titov ◽  
A. Shirov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Policy Implementation ◽  
Russian Economy ◽  
Key Indicators

The article reviews the main problems of the current Russian economy and economic policy. The challenges of the economic development in the short-, medium and long-term periods are formulated. Special attention is paid to the principles of financing of economic growth and problems of management of the economy in the process of economic policy implementation. A description of a system of key indicators of the “Strategy of growth” program with the emphasis on changes in the quality and standards of life of the population is given.

Long-term macroeconomic processes and conditions for economic growth in Russia

2017 ◽  
pp. 40-63 ◽  
Author(s):  
V. Manevitch
Keyword(s):  
Economic Growth ◽  
Consumer Behavior ◽  
Monetary Base ◽  
Russian Economy ◽  
Cyclical Fluctuations ◽  
General Government ◽  
Monetary Authorities ◽  
The One

The article examines long-term macroeconomic processes that have resulted in the stagnation of the Russian economy. Such processes include the reduction of the marginal efficiency of labor and capital in a number of major activities, the distortion of motivation of investors due to multiple undervaluation of the ruble, the decline in the share of savings in the income of non-financial corporations, cyclical fluctuations in consumer behavior. The author connects possible long-term or cyclic substitution of private sources of investment for resources of the general government with controlling the dynamics of the monetary base, which is considered in the article as the endogenous, dependent variable, not the one that is exogenously set by the monetary authorities.

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