Latest Articles from Russian Journal of Economics Latest 3 Articles from Russian Journal of Economics https://rujec.org/ Thu, 28 Mar 2024 23:06:30 +0200 Pensoft FeedCreator https://rujec.org/i/logo.jpg Latest Articles from Russian Journal of Economics https://rujec.org/ Structural changes and economic growth in the world economy and Russia https://rujec.org/article/35233/ Russian Journal of Economics 5(1): 1-26

DOI: 10.32609/j.ruje.5.35233

Authors: Valeriy V. Mironov, Liudmila D. Konovalova

Abstract: The article considers the problem of the relationship of structural changes and economic growth in the global economy and Russia in the framework of different methodological approaches. At the same time, the paper provides the analysis of complementarity of economic policy types, which, on the one hand, are aimed at developing the fundamentals of GDP growth (institutions, human capital and macroeconomic stabilization), and on the other hand, at initiating growth (with stable fundamentals) with the help of structural policy measures. In the study of structural changes in the global economy, new forms of policies of this kind have been revealed, in particular aimed at identifying sectors — drivers of economic growth based on a portfolio approach. In a given paper a preliminary version of the model of the Russian economy is provided, using a multisector version of the Thirlwall’s Law. Besides, the authors highlight a number of target parameters of indicators of competitiveness of the sectors of the Russian economy that allow us to expect its growth rate to accelerate above the exogenously given growth rate of the world economy.

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Research Article Wed, 17 Apr 2019 08:36:11 +0300
Russian economic policy: Challenges of growth https://rujec.org/article/27743/ Russian Journal of Economics 4(2): 87-107

DOI: 10.3897/j.ruje.4.27743

Authors: Vladimir Mau

Abstract: The paper discusses the main challenges of Russian economy at the turning period from contraction to growth. The analysis is based on comparison of global economic trends and special features of Russian performance. Among global problems, it concentrates on prospects of “non-inflation growth”, perspectives of global currencies and the role of cryptocurrencies, central banks independence and their role in economic growth stimulation, new tasks and patterns of government regulation, inequality and growth. In the Russian case, the key topics are prospects of macroeconomic stimulation of growth, inflation targeting, new fiscal rule, social dynamics and new challenges to welfare state. The paper concludes that the main obstacles for economic growth in Russia are concentrated in the non-economic area.

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Research Article Sat, 30 Jun 2018 10:56:40 +0300
Institutional constraints and economic development https://rujec.org/article/27975/ Russian Journal of Economics 2(4): 349-374

DOI: 10.1016/j.ruje.2016.11.002

Authors: Evsey Gurvich

Abstract: This article is an attempt to find a grounded answer to the question of why many large-scale economic development programs worked out in Russia from 2000 through 2010 have failed to yield the expected results. To this end, the author has diagnosed the Russian economy, including a comparative analysis against 20 countries at similar levels of development and analyzed both the Russian and global experience in developing and implementing economic programs. The author concludes that the development of the Russian economy is currently hindered by a rigid institutional framework and that growth cannot accelerate without removing it as part of the political process. Based on the analysis of various types of institutional reforms, specific measures are proposed that can ensure the country's evolutional development and can mitigate the economic and social risks threatening Russia if the status quo is maintained.

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Research Article Wed, 30 Nov 2016 00:00:00 +0200