1. Sources of Long-Term Growth: How to Understand Them.
- Author
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Idrisov, G. and Sinel'nikov-Murylev, S.
- Subjects
ECONOMIC policy ,ECONOMIC development ,BUSINESS cycles ,PUBLIC spending ,CAPITAL market ,LABOR market - Abstract
This article analyzes the contradictions and problems of the Russian economic policy that is intended to accelerate economic growth. The authors examine three components of the growth rate (structure, the Russian business cycle, and the world business cycle) and conclude that at present an effective economic policy to accelerate growth requires addressing the long-term component. According to the authors, such a policy requires restructuring government spending and reforming budgetary institutions, improving the performance of the labor and capital markets, and raising economic productivity. [ABSTRACT FROM AUTHOR] more...
- Published
- 2016
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