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Russia’s economy: before the long transition
https://doi.org/10.32609/0042-8736-2016-6-5-35
Abstract
The article shows the main stages and results of the economic development in Russia since the early 1990s. It describes the process of formation and the basic features of a three-sector economic model, as well as the reasons for its stability and existing constraints to economic growth. The authors consider the most likely scenario for the evolution of the current economic model under conditions of a steady decline in export revenues. They also focus on fiscal and social risks and alternatives in economic policy.
Keywords
three-sector economic model,
scenarios of economic development,
fiscal policy,
social policy,
middle class
JEL: E20, E22, E24
About the Authors
N. Akindinova
National Research University Higher School of Economics
Russian Federation
Russian Federation
Y. Kuzminov
National Research University Higher School of Economics
Russian Federation
Russian Federation
E. Yasin
National Research University Higher School of Economics
Russian Federation
Russian Federation
References
1. kindinova N. V. (2016). Budget somersault: How the drop of revenues will force the government to make a choice. Forbes.ru, February 20. (In Russian).
2. Yasin E. G. (2012). Long-term scenarios for Russia. New impetus after the two decades. Report at XIII April International Academic Conference on Economic and Social Development, Moscow, April 3—5. Moscow: HSE Publ. (In Russian).
3. Kowalski P., Büge M., Sztajerowska M., Egeland M. (2013). State-owned enterprises: Trade effects and policy implications. OECD Trade Policy Paper, No. 147.
4. Schneider F., Buehn A., Montenegro C. E. (2010). New estimates for the shadow economies all over the world. International Economic Journal, Vol. 24, No. 4, pp. 443-461.
Review
For citations:
Akindinova N., Kuzminov Y., Yasin E. Russia’s economy: before the long transition. Voprosy Ekonomiki. 2016;(6):5-35. (In Russ.) https://doi.org/10.32609/0042-8736-2016-6-5-35
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