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Macroeconomic Factors of Post-crisis Growth

https://doi.org/10.32609/0042-8736-2004-5-28-43

Abstract

Russia has managed to achieve spectacular success after the 1998 crisis. High rates of economic growth have been first of all conditioned by low level of industrial capacity utilization in the pre-crisis period. Other factors have also played an important role: the positive conjuncture of world oil prices; dynamics of relative prices; changes in economic subjects' behavior. In order to make economic growth sustainable it is necessary to implement deep structural changes in the country.

About the Authors

C. Rühl
The World Bank
United States


A. Morozov
The World Bank
United States


S. Ulatov
The World Bank
United States


V. Drebentsov
The World Bank
United States


O. Antimonova
The World Bank
United States


References

1. Bordo M., Eichengreen B., Klingebiel D., Martinez P. Is the Crisis Problem Growing More Severe? Economic Policy, 2001.

2. Eichengreen B., Rühl Ch. Financial Sector Development in Transition Economies. Berkeley and Washington, 2000.

3. IMF. Russia Rebounds. Washington, DC, 2003.

4. Kwon G. Budgetary Impact of Oil Prices in Russia. Washington, DC: IMF, 2003.

5. Ruble Strengthening, Dutch Decease and Natural Resource Abundance: Real Threats to Russia’s Economy? Moscow: The World Bank, 2004.

6. Schrettl W. Recovery of Investment in Russia: Why Is It Fading Away? // HSE Economic Journal, 2001, vol. 5, No 3.


Review

For citations:


Rühl C., Morozov A., Ulatov S., Drebentsov V., Antimonova O. Macroeconomic Factors of Post-crisis Growth. Voprosy Ekonomiki. 2004;(5):28-43. (In Russ.) https://doi.org/10.32609/0042-8736-2004-5-28-43

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ISSN 0042-8736 (Print)