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Russian Transformation and Its Results

Author

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  • Yu. Ovsienko
  • N. Petrakov

Abstract

Negative trends in Russian macroeconomic dynamics are considered in the article: raw materials production orientation, lowering of employees remuneration share in GDP, inflation, etc. It is shown that they are caused by the institutional system that has been formed during the period of reforms. This system hinders effective social and economic development.

Suggested Citation

  • Yu. Ovsienko & N. Petrakov, 2004. "Russian Transformation and Its Results," Voprosy Ekonomiki, NP Voprosy Ekonomiki, issue 5.
    • Handle: RePEc:nos:voprec:y:2004:id:1893
    DOI: 10.32609/0042-8736-2004-5-59-72
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