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Quantitative Assessments of Institutional Improvements’ Impact on Economic Growth in Russia

Author

Listed:
  • Vedev, Alexey

    (Gaidar Institute for Economic Policy)

  • Kosarev, Andrey

    (CIS Statistics Commitee)

Abstract

The article contains analysis of key factors of Russia’s economic growth during last decade. The model of growth based on domestic demand expansion was unstable, affected by external shocks, stimulated inflation and imports. The reasons are covered in institutional factors, caused relatively low domestic production growth under demand impulses. Authors offer quantitative assessments of potential economic growth as result of institutional environment improvement. Possible measures are improvement of business climate, overcoming corruption, strengthening democratic valuesand political institutions development. Even partial decision of such problems will lead to economic growth acceleration and improvement quality of growth.

Suggested Citation

  • Vedev, Alexey & Kosarev, Andrey, 2012. "Quantitative Assessments of Institutional Improvements’ Impact on Economic Growth in Russia," Ekonomicheskaya Politika / Economic Policy, Russian Presidential Academy of National Economy and Public Administration, pages 50-65, February.
    • Handle: RePEc:rnp:ecopol:e12112
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    Cited by:

    1. Buklemishev, O., 2016. "Overcoming Investment Pause in the Russian Economy," Journal of the New Economic Association, New Economic Association, vol. 29(1), pages 160-167.

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