Russian Federation: Selected Issues

The Selected Issues paper on the Russian Federation discusses the economic growth and future growth potential of the country. After almost a decade of impressive growth performance, Russia suffered a sharp contraction in 2009 with GDP falling by 8 percent. This paper gives an overview of the conceptual issues regarding potential growth and the analytical framework based on an exogenous growth model; growth accounting results for Russia in the past decade; and importance of structural reforms to achieve sustained high growth.
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Volume/Issue: Volume 2012 Issue 218
Publication date: August 2012
ISBN: 9781475505047
$18.00
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Topics covered in this book

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Business and Economics , Banks and Banking , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , ISCR , CR , GDP , exchange rate , Russia , central bank , oil price , capital utilization , GDP growth , oil price volatility , nonoil deficit target , medium term , Oil prices , Total factor productivity , Open market operations , Central bank policy rate , Standing facilities , Global , Africa

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Summary

The Selected Issues paper on the Russian Federation discusses the economic growth and future growth potential of the country. After almost a decade of impressive growth performance, Russia suffered a sharp contraction in 2009 with GDP falling by 8 percent. This paper gives an overview of the conceptual issues regarding potential growth and the analytical framework based on an exogenous growth model; growth accounting results for Russia in the past decade; and importance of structural reforms to achieve sustained high growth.

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