The policy should be adjusted toward the creation of long-term preconditions for the economic growth

On August 5 "Ведомости" ("Gazette") newspaper published an article of Academic Director of Gaidar Institute Sergey Sinelnikov-Murylyov and Head of the Industrial Organization and Infrastructure Economics Department Georgy Idrisov.

In their article named "Economic growth: short-term measures will not increase the growth rates" the authors came to a conclusion that short-term budget measures cannot become a stimulating factor for the Russian economy because the production sector weakly reacts to the increase in state expenditure.

Monday, 05.08.2013