Growing Russian Economy against Growing External Tension

2012 ◽  
pp. 4-32
Author(s):  
I. Borisova ◽  
B. Zamaraev ◽  
A. Kiyutsevskaya ◽  
A. Nazarova ◽  
E. Sukhanov
Keyword(s):  
Economic Growth ◽  
Stock Markets ◽  
Negative Effects ◽  
Russian Economy ◽  
Investment Demand ◽  
The World

Conditions and features of the Russian economy development in 2011 are considered in the article. Having caused unprecedented outflow of the capital abroad, rising tension and turbulence on the world financial and stock markets have not broken off recovery of the Russian economy. Crisis recession was overcome. Record-breaking low inflation, rapid credit restoration and active government adjustment neutralized negative effects of the external tension and supported economic growth, having encouraged consumer and investment demand.

On the mechanisms of growth of the Russian economy under conditions of worsening financial problems in the world

2016 ◽  
pp. 5-25 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Interest Rates ◽  
Stock Markets ◽  
World Economy ◽  
Financial Resources ◽  
Russian Economy ◽  
Negative Interest Rates ◽  
The World ◽  
International Banks ◽  
Government Interference

Many challenges that have recently emerged in the world economy still exist. Moreover, new problems have appeared. Now we can see at the same time low economic growth in many countries, rising public debts, overheating of stock markets. The fact that alongside with negative interest rates financial resources are not in demand becomes more obvious. Major international banks meet rising problems again. In this environment government interference to support economic players and different markets is getting more pervasive.

The world and Russia: Inflation is minimal, economic growth is slowing, risks are rising

2019 ◽  
pp. 5-23 ◽  
Author(s):  
Mikhail V. Ershov ◽  
Anna S. Tanasova
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
World Economy ◽  
Domestic Demand ◽  
New Combination ◽  
Russian Economy ◽  
The World ◽  
World Economic ◽  
Money Creation ◽  
Main Factors

Russian economy has reached the low level of inflation, but economic growth has not accelerated. Moreover, according to official forecasts, in the following years it will still be low. The article concludes that domestic demand, which is one of the main factors of growth, is significantly constrained by monetary, budgetary and fiscal spheres. The situation in the Russian economy is still hampered by the decline of the world economic growth. The prospects of financial markets are highly uncertain. This increases the possibility of crisis in the world. Leading countries widely use non-traditional measures to support their economies in the similar environment. In the world economy as well as in Russia a principally new combination of factors has emerged, which create specific features of economic growth. It requires special set of measures to stimulate such growth. The article proves that Russian regulators have large unused potential to stimulate growth. It includes monetization, long-money creation, budget and tax stimuli. It is important that the instruments, which will be used, should be based on domestic mechanisms. This will strengthen financial basis of the economy and may encourage economic growth. Some specific suggestions as to their use are made.

scholarly journals Structural changes and economic growth in the world economy and Russia

2019 ◽  
Vol 5 (1) ◽  
pp. 1-26 ◽  
Author(s):  
Valeriy V. Mironov ◽  
Liudmila D. Konovalova
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Global Economy ◽  
World Economy ◽  
Structural Changes ◽  
Russian Economy ◽  
The World ◽  
Preliminary Version ◽  
The One ◽  
Relationship Of

The article considers the problem of the relationship of structural changes and economic growth in the global economy and Russia in the framework of different methodological approaches. At the same time, the paper provides the analysis of complementarity of economic policy types, which, on the one hand, are aimed at developing the fundamentals of GDP growth (institutions, human capital and macroeconomic stabilization), and on the other hand, at initiating growth (with stable fundamentals) with the help of structural policy measures. In the study of structural changes in the global economy, new forms of policies of this kind have been revealed, in particular aimed at identifying sectors — drivers of economic growth based on a portfolio approach. In a given paper a preliminary version of the model of the Russian economy is provided, using a multisector version of the Thirlwall’s Law. Besides, the authors highlight a number of target parameters of indicators of competitiveness of the sectors of the Russian economy that allow us to expect its growth rate to accelerate above the exogenously given growth rate of the world economy.

The Digital Economy оf Russia: Current State аnd Prospects оf Development

2017 ◽  
Vol 33 (4) ◽  
pp. 32-38 ◽  
Author(s):  
M. A. Izmailova
Keyword(s):  
Economic Growth ◽  
Digital Technologies ◽  
Digital Economy ◽  
Current Status ◽  
Economic Activities ◽  
Digital Revolution ◽  
Russian Economy ◽  
Current State ◽  
The World

The article analyzes the current status of the digital economy of Russia in comparison with the world leaders in digital revolution. Describes the main sources of economic growth of the Russian economy on the basis of digitalization. The role and prospects of use of digital technologies in various spheres of socio-economic activities.

Energy constraints on economic growth

2020 ◽  
pp. 8-17
Author(s):  
V. Tsibulskiy
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Energy Consumption ◽  
World Economy ◽  
Gdp Growth ◽  
Domestic Economy ◽  
Russian Economy ◽  
Gdp Growth Rate ◽  
The World ◽  
The Relationship

The article presents analytical estimates of the relationship between such economic characteristics as gross domestic product, energy consumption and the degree of complexity of the economy, characterized by the number of stages of product conversion. These estimates are largely based on statistics for the world economy and the Russian economy. Considering, within the framework of the presented model, the possibility of increasing the GDP growth rate of the domestic economy will require a signifi cant reduction in energy tariff s and an increase in the scale of its production.

The Russian Economy in the Context of the World Energy Markets Development

2006 ◽  
pp. 119-136 ◽  
Author(s):  
V. Mironov ◽  
S. Pukhov
Keyword(s):  
Economic Growth ◽  
Energy Demand ◽  
Oil And Gas ◽  
Energy Markets ◽  
Key Factors ◽  
Demand Growth ◽  
Russian Economy ◽  
World Energy ◽  
The World ◽  
Oil Sector

The tendencies and prospects of the Russian economy development as an energy net-exporter country are considered in the context of perspective supply-demand dynamics in the world energy markets. Medium- and long-term prospects of oil and gas prices dynamics as one of the key factors of economic growth in Russia in the post-crisis period are analyzed. It is shown that due to predicted slowing of the world energy demand growth rates and strengthening in this connection of the competition in the traditional Russian markets the dual Russian economy character (it is not only a producer, but also a rather intensive consumer of energy) makes the problem of internal economy diversification very urgent. A conclusion is made that it is necessary to carry out preventive measures aimed at accelerated transformation of the Russian gas sector (or in addition to the oil sector) into a major factor of economic growth.

Import substitution: problems of understanding policy and its objectives

2021 ◽  
pp. 578-588
Author(s):  
Alexey Pavlovich Portanskiy
Keyword(s):  
Import Substitution ◽  
The United States ◽  
The European Union ◽  
Negative Effects ◽  
Consumer Market ◽  
Russian Economy ◽  
The World ◽  
History Of ◽  
Substitution Policy ◽  
Positive Results

The policy of import substitution intensified in Russia in the second half of 2014 against the background of sanctions by the United States, the European Union and some other countries, as well as the introduction of counter-sanctions in the country. However, over the past period, no strong positive results of this policy have been noted in agriculture, with the exception of a narrow group of goods. An obvious negative consequence was the increase in prices on the consumer market and the restriction of the choice of food products. The share of machinery and equipment in imports has not decreased and the share of these goods in Russian exports has not increased. The article briefly describes the history of the formation of the import substitution policy in the World, its positive and negative sides. Taking into account the historical experience of the use of import substitution in the world, the author tries to identify the reasons for the lack of results of this policy in Russia. One of these reasons, according to the author, is excessive politicization, as well as bureaucratization in the implementation of the import substitution policy to the detriment of the economic content of this policy, which is confirmed by the lack of necessary calculations and a period of time for the implementation of the import substitution policy. Based on personal experience, the author also points out the negative effects of the import substitution policy that are manifested outside the economy and business, in particular, in the fi eld of higher education, which is often manifested in the distorted initial view of many students about the essence and goals of the import substitution policy. The author comes to the conclusion that only when understanding import substitution as an economic policy one can expect that this policy will benefit the Russian economy.

scholarly journals An Institutional Perspective on Religious Freedom and Economic Growth

2017 ◽  
Vol 10 (3) ◽  
pp. 689-716 ◽  
Author(s):  
Ilan Alon ◽  
Shaomin Li ◽  
Jun Wu
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Religious Freedom ◽  
Negative Effects ◽  
Institutional Perspective ◽  
The World ◽  
Different Types ◽  
Negative Impacts ◽  
Role Of Religion

AbstractThe increase in religion-related conflicts around the world emphasizes the urgent need for a better understanding of the role of religion and religious freedom on socio-economic development, both theoretically and empirically. While studies on the role of religion on economic development have existed as early as Weber (1905), there is a dearth of studies on the effect of religious freedom on economic growth, and the existing studies overlook possible negative impacts on economies by unrestricted religious freedom. Drawing on institutional theory, we propose that different types of religious restrictions can exert either positive or negative effects on economic growth. We test our propositions using a comprehensive dataset on religious freedom covering 198 countries for seven years from 2007 to 2013.

scholarly journals The World Economy: Forecast Summary

2019 ◽  
Vol 250 ◽  
pp. F3-F3
Keyword(s):  
Economic Growth ◽  
Industrial Production ◽  
World Economy ◽  
Service Sector ◽  
Central Banks ◽  
Gdp Growth ◽  
Negative Effects ◽  
Trade Show ◽  
The World ◽  
Production Activity

Increases in tariffs and uncertainty about both future tariff impositions and their potential implications for production activity have continued to have negative effects on global trade and industrial production.Several central banks, facing below target inflation, have loosened monetary policy to mitigate the effects of slower economic growth and a deterioration in the prospects for trade. While we expect that further monetary loosening will occur, fiscal policy could be more effective in boosting demand.Trends in global industrial production and trade show activity stalling since late last year. Although there are also some weaker signs in the service sector, so far activity there has remained relatively robust.In the light of recent data, we have lowered our forecast for global GDP growth this year from 3¼ per cent to 3 per cent, the slowest annual growth for a decade. We expect a similar pace in 2020, with a slight pick-up in 2021 to 3¼ per cent.

scholarly journals RUSSIAN ECONOMY: MIDDLE-TERM IMPEDIMENTS AND ROLE OF HUMAN CAPITAL IN THE ANSWER ON GLOBAL AND INTERNAL CHALLENGES OF LONG-TERM DEVELOPMENT

2021 ◽  
Vol 231 (5) ◽  
pp. 63-92
Author(s):  
ANDREY N. KLEPACH ◽  
Keyword(s):  
Economic Growth ◽  
Birth Rate ◽  
Family Policy ◽  
Fiscal Policies ◽  
Middle Term ◽  
Russian Economy ◽  
The World ◽  
Catch Up

The double tightening of monetary and fiscal policies will have a slowing effect on economic growth and the ability to respond to key medium­ and long­term challenges facing the Russian economy. The pace of economic growth will not be able to catch up with the world, and the fall in real incomes of the population accumulated since 2014 will be overcome no earlier than 2024. The demographic losses suffered during the coronavirus pandemic raise the issue of a systemic long­term family policy that contributes to an increase in the birth rate. The Achilles heel of the Russian economy, despite some achievements, remains the stag­nation of R&D spending and the weakness of the policy for the development of fundamental and applied science.

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