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On the Growth Strategies of the Russian Economy

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  • Pavel Aleksandrovich Minakir

    (Economic Research Institute FEB RAS)

Abstract

The author discusses two alternative growth strategies of the Russian economy provided at a Presidium meeting of the Economic Council under the Russian President. The first strategy by S. Glazyev and B. Titov (Stolypin’s club) suggests an increase of money supply, moderate inflation and rising budget expenditures with a simultaneous lowering of taxation. The second strategy by A. Kudrin (Center for Strategic Research) is based on restricting the money supply, tight control of inflation, reduction of budget expenditures and tax increases. The proposed strategies coincide in opposing the growth of incomes, especially wages, and the need for institutional reforms with different emphases (reforms of economic regulation in the former case and administrative reforms in the latter).

Suggested Citation

  • Pavel Aleksandrovich Minakir, 2016. "On the Growth Strategies of the Russian Economy," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 2, pages 158-167.
    • Handle: RePEc:far:spaeco:y:2016:i:2:p:158-167
    DOI: 10.14530/se.2016.2.158-167
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