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Can Russia Build an Innovation Economy?

Author

Listed:
  • Olga A. Nikolaichuk

    (Budget and Treasury Academy of the Ministry of Finance of the Russian Federation, Moscow, Russia)

Abstract

The article author examines the resource-affluent countries’ economic development trends and identifies the ways in which the rental income is used in the rich countries that chose various development scenarios. The author raises the question of how to extract the rent and use the rental income efficiently in order to improve the Russian economic structure while giving reasons for making the rental income one of the key sources of the Russian economic development.

Suggested Citation

  • Olga A. Nikolaichuk, 2011. "Can Russia Build an Innovation Economy?," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 1, pages 63-72, January.
    • Handle: RePEc:fru:finjrn:110105:p:63-72
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    More about this item

    Keywords

    resource rent; rental income-based model of economic development; extraction tax; use of natural resources;
    All these keywords.

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • L71 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Mining, Extraction, and Refining: Hydrocarbon Fuels
    • P28 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies - - - Natural Resources; Environment

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