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Russia is one of the world's largest growing economies. With this exciting new growth and development, there is a wealth of knowledge to be discovered from the strategies and models being used and created throughout Russia's economy.
Book Synopsis Modeling Economic Growth in Contemporary Russia by : Bruno S. Sergi
Download or read book Modeling Economic Growth in Contemporary Russia written by Bruno S. Sergi and published by Emerald Group Publishing. This book was released on 2019-05-23 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: Russia is one of the world's largest growing economies. With this exciting new growth and development, there is a wealth of knowledge to be discovered from the strategies and models being used and created throughout Russia's economy.
This book presents theoretical and empirical investigation of economic growth in Russia. The sharp decline in the national production that Russia endured in the 1990s, linked directly to the exhausting and ill-planned transition from the planned economy to the market economy, resulted in Russia plunging into the poverty trap. The goal of this book is to determine whether and how Russia manages to overcome the poverty trap and initiate and sustain economic growth. This book fills the gap between the volatile economic growth as an objective economic reality of Russia and the lack of scholarly literature on the issue. This study identifies the place and role of foreign aid in economic growth in the market-type post-transitional Russian economy and concludes that foreign aid does not play any significant role in the national economy, contrary to what would follow from the classical poverty trap theory, considered, reviewed, applied and tested in this study. Development economists should not overestimate the role of foreign aid in overcoming the poverty trap in those developing economic systems that are currently not in equilibrium and only move toward their steady state. The book will be of interest to those who want to learn more about specific problems in Russia’s newly built capitalism, the country’s perspectives and its current semi-peripheral status. The book will also be an excellent supplement for students in Russian studies programs, as well as for investors who want to do business in Russia and try to understand the country’s domestic economic conditions and processes.
Book Synopsis The Economics of Growth in Russia by : Ararat L. Osipian
Download or read book The Economics of Growth in Russia written by Ararat L. Osipian and published by Taylor & Francis. This book was released on 2023-05-17 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents theoretical and empirical investigation of economic growth in Russia. The sharp decline in the national production that Russia endured in the 1990s, linked directly to the exhausting and ill-planned transition from the planned economy to the market economy, resulted in Russia plunging into the poverty trap. The goal of this book is to determine whether and how Russia manages to overcome the poverty trap and initiate and sustain economic growth. This book fills the gap between the volatile economic growth as an objective economic reality of Russia and the lack of scholarly literature on the issue. This study identifies the place and role of foreign aid in economic growth in the market-type post-transitional Russian economy and concludes that foreign aid does not play any significant role in the national economy, contrary to what would follow from the classical poverty trap theory, considered, reviewed, applied and tested in this study. Development economists should not overestimate the role of foreign aid in overcoming the poverty trap in those developing economic systems that are currently not in equilibrium and only move toward their steady state. The book will be of interest to those who want to learn more about specific problems in Russia’s newly built capitalism, the country’s perspectives and its current semi-peripheral status. The book will also be an excellent supplement for students in Russian studies programs, as well as for investors who want to do business in Russia and try to understand the country’s domestic economic conditions and processes.
Sixteen years after the Soviet Union's demise, the Russian economy can still be appropriately characterized as transitional. The authors shed light on ambiguities surrounding this status through an exploration of four questions related to issues of interest to government decisionmakers.
Book Synopsis Russia's Economy by : Charles Wolf (Jr.)
Download or read book Russia's Economy written by Charles Wolf (Jr.) and published by Rand Corporation. This book was released on 2006 with total page 73 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sixteen years after the Soviet Union's demise, the Russian economy can still be appropriately characterized as transitional. The authors shed light on ambiguities surrounding this status through an exploration of four questions related to issues of interest to government decisionmakers.
By 1999, Russia's economy was growing at almost 7% per year, and by 2008 reached 11th place in the world GDP rankings. Russia is now the world's second largest producer and exporter of oil, the largest producer and exporter of natural gas, and as a result has the third largest stock of foreign exchange reserves in the world, behind only China and Japan. But while this impressive economic growth has raised the average standard of living and put a number of wealthy Russians on the Forbes billionaires list, it has failed to solve the country's deep economic and social problems inherited from the Soviet times. Russia continues to suffer from a distorted economic structure, with its low labor productivity, heavy reliance on natural resource extraction, low life expectancy, high income inequality, and weak institutions. While a voluminous amount of literature has studied various individual aspects of the Russian economy, in the West there has been no comprehensive and systematic analysis of the socialist legacies, the current state, and future prospects of the Russian economy gathered in one book. The Oxford Handbook of the Russian Economy fills this gap by offering a broad range of topics written by the best Western and Russian scholars of the Russian economy. While the book's focus is the current state of the Russian economy, the first part of the book also addresses the legacy of the Soviet command economy and offers an analysis of institutional aspects of Russia's economic development over the last decade. The second part covers the most important sectors of the economy. The third part examines the economic challenges created by the gigantic magnitude of regional, geographic, ethnic, religious and linguistic diversity of Russia. The fourth part covers various social issues, including health, education, and demographic challenges. It will also examine broad policy challenges, including the tax system, rule of law, as well as corruption and the underground economy. Michael Alexeev and Shlomo Weber provide for the first time in one volume a complete, well-rounded, and essential look at the complex, emerging Russian economy.
Book Synopsis The Oxford Handbook of the Russian Economy by : Michael Alexeev
Download or read book The Oxford Handbook of the Russian Economy written by Michael Alexeev and published by Oxford University Press. This book was released on 2013-06-04 with total page 1024 pages. Available in PDF, EPUB and Kindle. Book excerpt: By 1999, Russia's economy was growing at almost 7% per year, and by 2008 reached 11th place in the world GDP rankings. Russia is now the world's second largest producer and exporter of oil, the largest producer and exporter of natural gas, and as a result has the third largest stock of foreign exchange reserves in the world, behind only China and Japan. But while this impressive economic growth has raised the average standard of living and put a number of wealthy Russians on the Forbes billionaires list, it has failed to solve the country's deep economic and social problems inherited from the Soviet times. Russia continues to suffer from a distorted economic structure, with its low labor productivity, heavy reliance on natural resource extraction, low life expectancy, high income inequality, and weak institutions. While a voluminous amount of literature has studied various individual aspects of the Russian economy, in the West there has been no comprehensive and systematic analysis of the socialist legacies, the current state, and future prospects of the Russian economy gathered in one book. The Oxford Handbook of the Russian Economy fills this gap by offering a broad range of topics written by the best Western and Russian scholars of the Russian economy. While the book's focus is the current state of the Russian economy, the first part of the book also addresses the legacy of the Soviet command economy and offers an analysis of institutional aspects of Russia's economic development over the last decade. The second part covers the most important sectors of the economy. The third part examines the economic challenges created by the gigantic magnitude of regional, geographic, ethnic, religious and linguistic diversity of Russia. The fourth part covers various social issues, including health, education, and demographic challenges. It will also examine broad policy challenges, including the tax system, rule of law, as well as corruption and the underground economy. Michael Alexeev and Shlomo Weber provide for the first time in one volume a complete, well-rounded, and essential look at the complex, emerging Russian economy.
Book Synopsis Russia After The Global Economic Crisis by :
Download or read book Russia After The Global Economic Crisis written by and published by Peterson Institute. This book was released on 2010 with total page 305 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Based on the 2017 conference "'New Reality' and Russian Markets" held at Harvard University, this book brings together world-renowned thinkers to offer the latest empirical research on recent financial risks, institutional policies, and financial stability.
Book Synopsis Exploring the Future of Russia's Economy and Markets by : Bruno S. Sergi
Download or read book Exploring the Future of Russia's Economy and Markets written by Bruno S. Sergi and published by Emerald Group Publishing. This book was released on 2018-11-06 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt: Based on the 2017 conference "'New Reality' and Russian Markets" held at Harvard University, this book brings together world-renowned thinkers to offer the latest empirical research on recent financial risks, institutional policies, and financial stability.
This book studies the evolution of the middle class in Russia after the fall of the Soviet Union. Using data from the RLMS (Russian Longitudinal Monitoring Survey), the volume covers the period of transition (1991-2008) during which many fundamental economic reforms were implemented. The first part of the book is devoted to a discussion of the concept of middle class and a description of the economic situation in Russia during the transition period. Particular attention is given to variations in the distribution of Russian incomes and the estimated importance of the middle class. The second part of the book focuses on the link between the middle class and income bipolarization. The third and last section of the book uses the semiparametric "mixture model" to discover how many different groups may be derived from the income distribution in Russia, as well as what the main socio-economic and demographic characteristics of those groups are. The mobility of households into and out of the middle class during the transition period is also studied in hopes of determining the factors that contribute to such mobility. Using rigorous empirical methods, this volume sheds light on a relatively unstudied economic group and provides insight for countries which are about to enter a transition period. As such, this book will be of great interest to researchers in economics and inequality as well as professionals and practitioners working with international organizations.
Book Synopsis Economic Growth and the Middle Class in an Economy in Transition by : Zoya Nissanov
Download or read book Economic Growth and the Middle Class in an Economy in Transition written by Zoya Nissanov and published by Springer. This book was released on 2017-01-24 with total page 131 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book studies the evolution of the middle class in Russia after the fall of the Soviet Union. Using data from the RLMS (Russian Longitudinal Monitoring Survey), the volume covers the period of transition (1991-2008) during which many fundamental economic reforms were implemented. The first part of the book is devoted to a discussion of the concept of middle class and a description of the economic situation in Russia during the transition period. Particular attention is given to variations in the distribution of Russian incomes and the estimated importance of the middle class. The second part of the book focuses on the link between the middle class and income bipolarization. The third and last section of the book uses the semiparametric "mixture model" to discover how many different groups may be derived from the income distribution in Russia, as well as what the main socio-economic and demographic characteristics of those groups are. The mobility of households into and out of the middle class during the transition period is also studied in hopes of determining the factors that contribute to such mobility. Using rigorous empirical methods, this volume sheds light on a relatively unstudied economic group and provides insight for countries which are about to enter a transition period. As such, this book will be of great interest to researchers in economics and inequality as well as professionals and practitioners working with international organizations.
An analysis of the challenges facing Russia's economy ten years after the transition, based on recent research and data. Can Russia's recent burst of economic growth be sustained? Taking a comprehensive look at the economic and political regime shift from Yeltsin to Putin, this book explores the key challenges facing the Russian economy: to narrow the productivity gap between Russian and Western firms and industries; to attract more domestic and foreign investment; and, underlying these goals, to implement the judicial, administrative, social, and banking reforms necessary to future growth. Written by a team of researchers from the Center for Economic and Financial Research—a Moscow-based independent think tank—the book draws on a wealth of new research and data. The authors emphasize the need to strengthen the protection of property rights, restructure the banking sector, and reduce government officials' powers to intervene arbitrarily in private businesses. They also stress the importance of enhancing human capital—through educational reform and by reducing barriers to citizens' geographical and sectoral mobility. Considering political institutions, the authors examine the promise and risks of the centralization of power around President Putin. Finally, they discuss the likely impact of Russia's greater integration into the world economy, notably through its potential membership in the World Trade Organization.
Book Synopsis The New Political Economy of Russia by : Erik Berglof
Download or read book The New Political Economy of Russia written by Erik Berglof and published by MIT Press. This book was released on 2003-06-06 with total page 192 pages. Available in PDF, EPUB and Kindle. Book excerpt: An analysis of the challenges facing Russia's economy ten years after the transition, based on recent research and data. Can Russia's recent burst of economic growth be sustained? Taking a comprehensive look at the economic and political regime shift from Yeltsin to Putin, this book explores the key challenges facing the Russian economy: to narrow the productivity gap between Russian and Western firms and industries; to attract more domestic and foreign investment; and, underlying these goals, to implement the judicial, administrative, social, and banking reforms necessary to future growth. Written by a team of researchers from the Center for Economic and Financial Research—a Moscow-based independent think tank—the book draws on a wealth of new research and data. The authors emphasize the need to strengthen the protection of property rights, restructure the banking sector, and reduce government officials' powers to intervene arbitrarily in private businesses. They also stress the importance of enhancing human capital—through educational reform and by reducing barriers to citizens' geographical and sectoral mobility. Considering political institutions, the authors examine the promise and risks of the centralization of power around President Putin. Finally, they discuss the likely impact of Russia's greater integration into the world economy, notably through its potential membership in the World Trade Organization.
A balanced look at Russia's attempts to build capitalism on the ruins of Soviet central planning. Recent commentators on Russia's economic reforms have almost uniformly declared them a disappointing and avoidable--failure. In this book, two American scholars take a new and more balanced look at the country's attempts to build capitalism on the ruins of Soviet central planning. They show how and why the Russian reforms achieved remarkable breakthroughs in some areas but came undone in others. Unlike Eastern European countries such as Poland or the Czech Republic, to which it is often compared, Russia is a federal, ethnically diverse, industrial giant with an economy heavily oriented toward raw materials extraction. The political obstacles it faced in designing reforms were incomparably greater. Shleifer and Treisman tell how Russia's leaders, navigating in uncharted economic terrain, managed to find a path around some of these obstacles. In successful episodes, central reformers devised a strategy to win over some key opponents, while dividing and marginalizing others. Such political tactics made possible the rapid privatization of 14,000 state enterprises in 1992-1994 and the defeat of inflation in 1995. But failure to outmaneuver the new oligarchs and regional governors after 1996 undermined reformers' attempts to collect taxes and clean up the bureaucracy that has stifled business growth.Renewing a strain of analysis that runs from Machiavelli to Hirschman, the authors reach conclusions about political strategies that have important implications for other reformers. They draw on their extensive knowledge of the country and recent experience as advisors to Russian policymakers. Written in an accessible style, the book should appeal to economists, political scientists, policymakers, businesspeople, and all those interested in Russian politics or economics.
Book Synopsis Without a Map by : Andrei Shleifer
Download or read book Without a Map written by Andrei Shleifer and published by Mit Press. This book was released on 2001 with total page 223 pages. Available in PDF, EPUB and Kindle. Book excerpt: A balanced look at Russia's attempts to build capitalism on the ruins of Soviet central planning. Recent commentators on Russia's economic reforms have almost uniformly declared them a disappointing and avoidable--failure. In this book, two American scholars take a new and more balanced look at the country's attempts to build capitalism on the ruins of Soviet central planning. They show how and why the Russian reforms achieved remarkable breakthroughs in some areas but came undone in others. Unlike Eastern European countries such as Poland or the Czech Republic, to which it is often compared, Russia is a federal, ethnically diverse, industrial giant with an economy heavily oriented toward raw materials extraction. The political obstacles it faced in designing reforms were incomparably greater. Shleifer and Treisman tell how Russia's leaders, navigating in uncharted economic terrain, managed to find a path around some of these obstacles. In successful episodes, central reformers devised a strategy to win over some key opponents, while dividing and marginalizing others. Such political tactics made possible the rapid privatization of 14,000 state enterprises in 1992-1994 and the defeat of inflation in 1995. But failure to outmaneuver the new oligarchs and regional governors after 1996 undermined reformers' attempts to collect taxes and clean up the bureaucracy that has stifled business growth.Renewing a strain of analysis that runs from Machiavelli to Hirschman, the authors reach conclusions about political strategies that have important implications for other reformers. They draw on their extensive knowledge of the country and recent experience as advisors to Russian policymakers. Written in an accessible style, the book should appeal to economists, political scientists, policymakers, businesspeople, and all those interested in Russian politics or economics.
This book gathers selected papers presented at the International Scientific Conference “Economics in the Changing World,” held on June 26-27, 2018 at the Institute of Management, Economics and Finance of Kazan Federal University (Kazan, Russia). The conference featured contributions by leading specialists in the field of management, territorial development, and state, regional and municipal management, covering the modern trends in the development of economic complexes and firms, economics of innovative processes, social policy, financial analysis, and mathematical methods in economic research. The book highlights new approaches for the development of various sectors of the Russian economy and individual markets, as well as for the efficiency of entrepreneurship in general. It also analyzes the concept, meaning and directions of the socio-economic development of the regional subjects in the Russian Federation. The scientific studies included make a significant contribution to the development of entrepreneurship, regional management, rationalization and optimization of resource use, state territorial administration, and sustainable economic growth in the regions and the transport infrastructure.
Book Synopsis Regional Economic Development in Russia by : Niyaz Kamilevich Gabdrakhmanov
Download or read book Regional Economic Development in Russia written by Niyaz Kamilevich Gabdrakhmanov and published by Springer Nature. This book was released on 2020-03-17 with total page 278 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gathers selected papers presented at the International Scientific Conference “Economics in the Changing World,” held on June 26-27, 2018 at the Institute of Management, Economics and Finance of Kazan Federal University (Kazan, Russia). The conference featured contributions by leading specialists in the field of management, territorial development, and state, regional and municipal management, covering the modern trends in the development of economic complexes and firms, economics of innovative processes, social policy, financial analysis, and mathematical methods in economic research. The book highlights new approaches for the development of various sectors of the Russian economy and individual markets, as well as for the efficiency of entrepreneurship in general. It also analyzes the concept, meaning and directions of the socio-economic development of the regional subjects in the Russian Federation. The scientific studies included make a significant contribution to the development of entrepreneurship, regional management, rationalization and optimization of resource use, state territorial administration, and sustainable economic growth in the regions and the transport infrastructure.
