IDEAS home Printed from https://ideas.repec.org/a/aca/journl/y2022id351.html
   My bibliography  Save this article

The accelerating of the economic growth of Russia after the COVID-19 crisis

Author

Listed:
  • S. O. Sukharev

Abstract

The purpose of the study is a solution in the issue of accelerating economic growth in Russia, which was relevant even before the “covid†economic crisis, retaining its central importance after it. Various approaches are analyzed to identify opportunities to achieve the goal of accelerating growth. The research methodology is a macroeconomic and structural analysis of growth, the application of which makes it possible to identify the presence of not only the lack of investment for the new growth model, but also the lack of aggregate demand, which is evident from the increase in social stratification and the growth of poverty in Russia. The article considers various options of macroeconomic policy that can be used to overcome the “covid†economic crisis with an assessment of the expected effectiveness of their application.It also carries out a structural analysis of GDP by expenditures revealing how the 2020 crisis was distributed (by quarters) by the components of the product being created. That makes it possible to reveal the extent of the impact of the crisis on the economy, which must be taken into account when formulating a policy of economic growth with a solution to the issue of accelerating it after a “covid†crisis.Analysis of the structure of GDP growth gives a clear idea of the root causes of the sluggish pre-crisis dynamics of the Russian economy. It is only after the elimination of those reasons one should be engaged in organizing a new growth model in Russia. The recipes for macroeconomic policy and forecasts proposed today only reflect the current state of affairs, without in any way advancing the above issue. The analytical perspective for the solution is seen in the subordinate goal of accelerating the correction growth of the structure and institutions regulating the economy.So and in no other way one can ensure not only the pace, but also the quality of future growth.

Suggested Citation

  • S. O. Sukharev, 2022. "The accelerating of the economic growth of Russia after the COVID-19 crisis," RSUH/RGGU BULLETIN. Series Economics. Management. Law, Russian State University for the Humanities (RSUH), issue 4.
  • Handle: RePEc:aca:journl:y:2022:id:351
    DOI: 10.28995/2073-6304-2021-4-35-54
    as

    Download full text from publisher

    File URL: https://economics.rsuh.ru/jour/article/viewFile/351/317
    Download Restriction: no

    File URL: https://libkey.io/10.28995/2073-6304-2021-4-35-54?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Zhao, Jingfeng & Tang, Jianmin, 2018. "Industrial structure change and economic growth: A China-Russia comparison," China Economic Review, Elsevier, vol. 47(C), pages 219-233.
    2. Philippe Aghion & Peter Howitt, 2017. "Some Thoughts on Capital Accumulation, Innovation, and Growth," PSE-Ecole d'économie de Paris (Postprint) halshs-01599611, HAL.
    3. Philippe Aghion & Peter Howitt, 2017. "Some Thoughts on Capital Accumulation, Innovation, and Growth," Annals of Economics and Statistics, GENES, issue 125-126, pages 57-78.
    4. Philippe Aghion & Peter Howitt, 2017. "Some Thoughts on Capital Accumulation, Innovation, and Growth," Post-Print halshs-01599611, HAL.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gennady Shkliarevsky, 2022. "Is Our Research Productivity In Decline? A New Approach in Resolving the Controversy," Papers 2203.01235, arXiv.org.
    2. Yuying Gao & Shanyue Jin, 2022. "Corporate Nature, Financial Technology, and Corporate Innovation in China," Sustainability, MDPI, vol. 14(12), pages 1-22, June.
    3. E. E. Rumyantseva, 2018. "The Russian industry: the problems and the further development," Russian Journal of Industrial Economics, MISIS, vol. 11(2).
    4. Hale AKBULUT, 2019. "The Economic Effects of Manufacturing Industrial Sector: An Input-Output Analysis," Sosyoekonomi Journal, Sosyoekonomi Society, issue 27(42).
    5. Chen, Jiandong & Xie, Qiaoli & Shahbaz, Muhammad & Song, Malin & Li, Li, 2022. "Impact of bilateral trade on fossil energy consumption in BRICS: An extended decomposition analysis," Economic Modelling, Elsevier, vol. 106(C).
    6. Yang Liu & Yanlin Yang & Huihui Li & Kaiyang Zhong, 2022. "Digital Economy Development, Industrial Structure Upgrading and Green Total Factor Productivity: Empirical Evidence from China’s Cities," IJERPH, MDPI, vol. 19(4), pages 1-23, February.
    7. Gefu Liang & Dajia Yu & Lifei Ke, 2021. "An Empirical Study on Dynamic Evolution of Industrial Structure and Green Economic Growth—Based on Data from China’s Underdeveloped Areas," Sustainability, MDPI, vol. 13(15), pages 1-16, July.
    8. Zhao, Jun & Wang, Bo & Dong, Kangyin & Shahbaz, Muhammad & Ni, Guohua, 2023. "How do energy price shocks affect global economic stability? Reflection on geopolitical conflicts," Energy Economics, Elsevier, vol. 126(C).
    9. Liurong Pan & Asad Amin & Nian Zhu & Abbas Ali Chandio & Eric Yaw Naminse & Aadil Hameed Shah, 2022. "Exploring the Asymmetrical Influence of Economic Growth, Oil Price, Consumer Price Index and Industrial Production on the Trade Deficit in China," Sustainability, MDPI, vol. 14(23), pages 1-22, November.
    10. Yu Jiang & Na Wang, 2022. "Impact of Biased Technological Change on High-Quality Economic Development of China’s Forestry: Based on Mediating Effect of Industrial Structure Upgrading," Sustainability, MDPI, vol. 14(16), pages 1-18, August.
    11. Jing Li & Tsun Se Cheong & Wenyang Huang & Wai Yan Shum, 2022. "Examining the Regional Disparity of Agricultural Development: A Distribution Dynamics Approach," Sustainability, MDPI, vol. 14(19), pages 1-22, October.
    12. Ji, Mianmian & Lv, Wendai, 2022. "Demonstration zones reform and corporate philanthropy: Evidence from China," Economic Modelling, Elsevier, vol. 115(C).
    13. Lin, Boqiang & Zhou, Yicheng, 2021. "How does vertical fiscal imbalance affect the upgrading of industrial structure? Empirical evidence from China," Technological Forecasting and Social Change, Elsevier, vol. 170(C).
    14. Zewdie Habte Shikur, 2020. "Industrial policy measure and economic structure in Ethiopia: the case of Oromia region," International Journal of Economic Policy Studies, Springer, vol. 14(1), pages 255-274, February.
    15. Gniniguè, Moukpè & Abalo, Bidé Félicité Awoki & Paroubénim, Tchilalo & Heyou, Méhèza Reine, 2022. "The Impact of Agricultural Structural Transformation on Economic Growth in Africa," African Journal of Economic Review, African Journal of Economic Review, vol. 10(2), March.
    16. Wenqi Zhao & Moau Yong Toh, 2023. "Impact of Innovative City Pilot Policy on Industrial Structure Upgrading in China," Sustainability, MDPI, vol. 15(9), pages 1-22, April.
    17. Zhao, Jun & Dong, Xiucheng & Dong, Kangyin, 2021. "How does producer services’ agglomeration promote carbon reduction?: The case of China," Economic Modelling, Elsevier, vol. 104(C).
    18. Svetlana B. Dolzhenko & Dmitry S. Malyshev, 2019. "Evaluation of labour productivity in Russian and Italian enterprises," Journal of New Economy, Ural State University of Economics, vol. 20(1), pages 95-111, March.
    19. Yan Zhang & Jiekuan Zhang, 2023. "Revisiting Tourism Development and Economic Growth: A Framework for Configurational Analysis in Chinese Cities," Sustainability, MDPI, vol. 15(13), pages 1-20, June.
    20. Hui Zheng & Xiaodong Liu & Yajun Xu & Hairong Mu, 2021. "Economic Spillover Effects of Industrial Structure Upgrading in China’s Coastal Economic Rims," Sustainability, MDPI, vol. 13(7), pages 1-14, March.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aca:journl:y:2022:id:351. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Ð ÐµÐ´Ð°ÐºÑ†Ð¸Ñ (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.