Will there be New Economic Breakthrough in Russia?
A. O. Baranov, V. N. Pavlov
Institute of Economics and Industrial Engineering SB RAS
Keywords: экономический прорыв, экономическая политика, экономика России, Economic breakthrough, economic policy, economy of Russia
Abstract
The article discusses the possibility of a significant acceleration of economic growth in Russia in the period 2019-2024. A comparison of Russia’s economic growth with the world’s largest economies in the period 1999-2017 is made. On the basis of a dynamic input-output model, the rationale for three options for the development of the Russian economy - a basic, optimistic, and pessimistic one - was made. It is shown that for a new economic breakthrough in 2019-2024, Russia’s GDP should increase by an average annual rate of 4.0-5.5%, while the average annual growth rate of investment in fixed assets should be in the range of 8-10%.The conclusion contains a list of policy measures that should provide a significant acceleration of economic growth.
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