What Economic Policy Does Russia Need Under Sanctions?

2014 ◽  
pp. 37-53 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Western Countries ◽  
Russian Economy ◽  
High Inflation ◽  
New Situation

The long-held problems of Russian economy (low economic growth, high inflation, etc.) are now coupled with a new set of issues - sanctions deployed against Russia by the leading Western countries. The new situation reinforces the need for alternative mechanisms which will allow to strengthen economic development in the new environment.

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.

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.

Workforce and Stimulation of Economic Growth in Russia

2019 ◽  
pp. 5-12 ◽  
Author(s):  
Yu. V. Vertakova ◽  
V. A. Plotnikov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Labor Market ◽  
Russian Economy ◽  
Production Factors ◽  
Stage Of Development ◽  
Factorial Approach ◽  
Socio Economic Development

The presented study determines the prerequisites for accelerating economic growth and improving the quality of socio-economic development by modernizing approaches to the regulation of the labor market and reproduction of labor potential.Aim. The study aims to identify problems in ensuring economic growth in Russia by the workforce and to propose approaches to solving these problems.Tasks. The authors characterize the current rate and prospects of changes in economic growth in Russia; describe the problems of ensuring economic growth from the perspective of a factorial approach (through the example of the labor factor); analyze the causes of labor market imbalance and inefficient provision of workforce for the economy; propose recommendations on improving the process of ensuring economic growth by the workforce at the current stage of development of the Russian economy.Methods. This study applies methods of institutional, structural, and statistical analysis to the processes of economic growth and socio-economic development. A factorial approach to the description of economic growth is used during the analysis of this phenomenon. Its rate is determined by the quantity and quality of (resource) production factors. The labor factor is thoroughly analyzed. The problems of ensuring economic growth in Russia by the workforce are examined from the perspective of the systems approach using methodological techniques of variant and situation analysis.Results. The study substantiates the opinion that the modern Russian economy has stalled in a state of near-zero growth, mostly due to the low efficiency of the implemented socio-economic policy. It is therefore necessary to increase the rate of economic growth. The authors use the factorial approach (through the example of the labor factor) to examine the sufficiency of resourcing of economic growth with production factors. It is shown that, in light of the recent pension reform, workforce in modern Russia is sufficient and even superfluous. The key qualitative problems in the operation of the labor market are comprehensively analyzed, including the structural and quantitative discrepancy between specialist training in the educational system and labor requirements; overeducation of the population (people perform work that requires lower qualification than their actual level of education and/or professional training). This study shows the specificity of these problems and provides recommendations on solving them, which requires revising approaches to the development and implementation of the state economic policy.Conclusions. Russia has the resource capabilities (in terms of workforce) to intensify economic growth and make a breakthrough in socio-economic development. Analysis of the existing problems in this field shows that these issues can be solved. However, this requires a focused, systematic effort spearheaded by the government, which is impossible without improving the implemented state economic policy.

Studying of social and economic development of Russia (On the book by V. A. Mau “Crises and lessons. Russian economy ina turbulent epoch”)

2018 ◽  
pp. 146-154
Author(s):  
A. G. Aganbegyan
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Growth Rates ◽  
Market Reforms ◽  
New Economic Policy ◽  
Russian Economy ◽  
Social And Economic Development ◽  
Key Issues ◽  
Economic Growth Rates

The article considers the main topics of the book by V. A. Mau “Crises and lessons. Russian economy in a turbulent epoch” and in connection with this - the problems of Russia’s social and economic development in the period of market reforms. The key issues that reflect the specifics of the transformational crisis in Russia are formulated. The reasons of Russian economy stagnation in the mid-2010s are explained. The essence of a new economic policy and sources of accelerating economic growth rates in our country are analyzed.

A New Stage of Economic Development in Post-Soviet Russia

2015 ◽  
pp. 5-27 ◽  
Author(s):  
N. Akindinova ◽  
E. Yasin
Keyword(s):  
Economic Policy ◽  
Economic Development ◽  
Russian Economy ◽  
External Conditions ◽  
Soviet Russia ◽  
New Situation ◽  
Current Stage ◽  
Policy Scenarios

The article discusses the current stage of economic development in Russia. In particular, the authors analyze the problems caused by both the inefficiencies accumulated during the previous years, and the deterioration of the external conditions in 2014. They also stress the factors that can support and prevent the restructuring of the Russian economy and its further growth. In conclusion they list economic policy scenarios appropriate for the new situation.

The Quality of Kazakhstan’s Economic Policy and Balance of Payments

2008 ◽  
pp. 120-132
Author(s):  
K. Arystanbekov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Balance Of Payments ◽  
Foreign Investors ◽  
Negative Balance ◽  
Macroeconomic Efficiency

Kazakhstan’s economic policy in 1996-2007, its character and the degree of responsibility, the correlation between economic development and balance of current accounts are considered in the article. Special attention is paid to the analysis of their macroeconomic efficiency. It is concluded that in conditions of high rates of economic growth in Kazahkstan in 2000-2007 the net profits of foreign investors are 10-11% of GDP every year. The tendency of negative balance of current accounts in favor of foreign investors is also analyzed.

Economic Development Sustainability of Russia’s Territories

10.12737/2611 ◽  
2014 ◽  
Vol 2 (1) ◽  
pp. 4-11
Author(s):  
Басовский ◽  
Leonid Basovskiy ◽  
Басовская ◽  
Elena Basovskaya
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Small Sample ◽  
Belgorod Oblast ◽  
Krasnodar Krai ◽  
Correlation And Regression Analysis ◽  
Russian Economy ◽  
The Republic ◽  
Economic Growth Rates ◽  
The City

Technique for assessment of economic development sustainability of Russia’s regions is provided. Methodologically the technique is based on diagnosing the loss of sustainability in economic growth and assessing the degree of instability. The authors propose to assess the degree of sustainability by such measure, as variance in the economy’s growth rate, while the risks of instable growth — by an index, reflecting relative variance in economic growth rates. Economic growth sustainability and dynamics for several RF administrative territories are assessed, including Belgorod oblast, Bryansk oblast, Volgograd oblast, Pskov oblast, the cities of Moscow and St. Petersburg, the Republic of Dagestan and Krasnodar krai. The estimates are based on statistics for the 2000—2011 years period. As is found out, different territories has different periods of sustainable and unsustainable development as well as different degrees of economic growth instability. In terms of economic development Belgorod oblast, the city of St. Petersburg, Krasnodar krai and the Republic of Dagestan are stable as compared to the growth of the overall Russian economy. Such territories, as Bryansk oblast, Volgograd oblast, Pskov oblast and the city of Moscow show instability of economic development as compared to the Russian economy as a whole. As correlation and regression analysis shows, indices of economic development instability significantly affect investments in the regional economy. Based on a small sample of administrative territories the authors show that instability of economic development is responsible for 40 per cent reduction in investments. Thus the conclusion is made that economic development instability is a rather significant factor of the territory’s investment climate.

Higher Education’s External Effects in Modern Russia’s Economy

10.12737/7806 ◽  
2015 ◽  
Vol 3 (1) ◽  
pp. 4-10 ◽  
Author(s):  
Басовский ◽  
Leonid Basovskiy ◽  
Басовская ◽  
Elena Basovskaya
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Growth Rates ◽  
Institutional Environment ◽  
Business Development ◽  
Econometric Models ◽  
New Paradigm ◽  
External Effects ◽  
The One

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.

scholarly journals Institutional models of public order as a factor of economic development and national welfare

2021 ◽  
Vol 2021 (54) ◽  
pp. 93-117
Author(s):  
Viktoriia Nebrat ◽  
◽  
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Social Welfare ◽  
Legal Protection ◽  
Public Welfare ◽  
Public Order ◽  
National Welfare ◽  
The One ◽  
Access Model

The relevant scientific problems include characterizing different models of public order in the context of divergence of economic development; deepening the understanding of public welfare as a measure to meet the needs and results of public policy; assessment of the cognitive and practical potential of modern concepts of historical and institutional explanation of the differentiation of the world economy for the optimization of regulatory measures of economic policy in Ukraine. The purpose of this article is to determine the features of the relationship between the nature of institutions, in particular institutional models of public order, on the one hand, and economic development and social welfare on the other. The research methodology combines the tools of evolutionary economic theory, comparative analysis and institutional history. The theoretical basis is the idea of D. North on the types of institutional models of public order. Despite the historical and national features of the formation and functioning of different economic systems, their success and failure can be explained on the basis of typology of North's models. The open access model is more conducive to economic growth and social welfare. Ensuring the institutional conditions for the realization of human rights, economic freedom and legal protection contributes to higher results. Instead, the restricted access model is characterized by slow economic growth and vulnerability to challenges, low level of social consolidation and economic solidarity, dominance of hierarchical ties and insecurity of property rights. It has been proven that institutional changes aimed at increasing public welfare should ensure the transformation of the economic model towards greater availability of resources and opportunities, replacing extractive relations and vertical relations with partnerships and horizontal relations. Economic policy analysis and evaluation is an important component of successful institutional transformations.

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