Download full text
(external source)
Citation Suggestion
Please use the following Persistent Identifier (PID) to cite this document:
https://doi.org/10.1016/j.ruje.2017.06.001
Exports for your reference manager
Lessons in stabilization and prospects for growth: Russia's economic policy in 2016
[journal article]
Abstract Economic growth is a primary challenge of the political agenda of leading countries, including Russia. This study discusses existing hypotheses that are related to "secular stagnation" and the "productivity paradox", which include the demand side of the problem (cyclical factors), special features o... view more
Economic growth is a primary challenge of the political agenda of leading countries, including Russia. This study discusses existing hypotheses that are related to "secular stagnation" and the "productivity paradox", which include the demand side of the problem (cyclical factors), special features of technological innovations (technological factors), anti-crisis policy that prevents "creative destruction" (political factors), and the irrelevance of the GDP measurement (statistical problems). Limits to growth contribute to a new global policy trend and the emerging of populism; this study discusses the prospects of the transformation from political populism to economic populism. Global challenges provide the basis for a more extensive analysis of Russian economic development and, particularly, the results of the 2015-2016 anti-crisis policy, which helped the Russian economy to adapt to new economic realities of the post-crisis world.... view less
Keywords
Russia; economic policy; economic growth
Classification
Economic Policy
Free Keywords
structural crisis; new model of growth
Document language
English
Publication Year
2017
Page/Pages
p. 109-128
Journal
Russian Journal of Economics, 3 (2017) 2
ISSN
2618-7213
Status
Published Version; reviewed
Licence
Creative Commons - Attribution-Noncommercial-No Derivative Works 4.0