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Russia: competitiveness, growth, and the next stage of development

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  • Lopes-Carlos, Augusto

    (World economic forum)

Abstract

President Putin in his address to the Parliament in May 2003 called for a doubling of Russia's GDP in the next decade. The dynamics of GDP per capita (with all its imperfections as an indicator of living standards) is often seen as a measure of the success of the government's economic policies in supporting the private sector. As shown in Figure 1 and Table 1, this issue is of particular relevance in Russia because of the large financial losses of the population in 1992-1998, when production fell by a cumulative 40%, which led to a catastrophic decline in living standards.

Suggested Citation

  • Lopes-Carlos, Augusto, 2006. "Russia: competitiveness, growth, and the next stage of development," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, vol. 1, pages 21-37, March.
    • Handle: RePEc:rnp:ecopol:618
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    References listed on IDEAS

    as
    1. Mr. Steven T Phillips & Mr. Vincent Koen, 1993. "Price Liberalization in Russia: Behavior of Prices, Household Incomes, and Consumption During the First Year," IMF Occasional Papers 1993/004, International Monetary Fund.
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    3. János Kornai, 2014. "The soft budget constraint," Acta Oeconomica, Akadémiai Kiadó, Hungary, vol. 64(supplemen), pages 25-79, November.
    4. David Lipton & Jeffrey D. Sachs, 1992. "Prospects for Russia's Economic Reforms," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 23(2), pages 213-284.
    5. Summers, Lawrence H & Thomas, Vinod, 1993. "Recent Lessons of Development," The World Bank Research Observer, World Bank, vol. 8(2), pages 241-254, July.
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