A. Knobel, B. Chokaev: For the redistribution it is necessary to pay by reduced long-term economic growth

On 20 May, Vedomosti daily published an article "Public expenditure growth on defense and security slows down GDP" by the head of the International trade department, Alexander Knobel, and senior researcher of the department, Bekhan Chokaev. The authors conclude that the redistribution of resources away from the manufacturing sectors to non-productive ones (defense, law enforcement agencies) negatively effects on Russia's economic growth in the long-term.

Wednesday, 20.05.2015