Template-Type: ReDIF-Paper 1.0
Author-Name: Vladimir Dashkeyev
Author-Name-First: Vladimir
Author-Name-Last: Dashkeyev
Author-Workplace-Name: Gaidar Institute for Economic Policy
Author-Name: Lev Freinkman
Author-Name-First: Lev
Author-Name-Last: Freinkman
Author-Workplace-Name: Gaidar Institute for Economic Policy
Title: Russia on the eve of the financial crisis: the risks of economic growth slowdown against the backdrop of continuing institutional stagnation
Abstract:The typical feature of the present-day situation in Russia with regard to institutional development is the existence of a significant discrepancy between two groups of indices. While the changes in the values of the majority of indices that describe the quality of this country’s business environment remain rather negative, the dynamics of those reflecting the levels of its investment and credit risks are displaying a stable positive trend. The second group of indices – including, for example, the investment ratings by Standard and Poor’s and the OECD index of country risks – have been steadily improving in the course of several past years, thus demonstrating the overall improvement of Russia’s macroeconomic situation (budget stability, decreasing government debt, growth of the population’s incomes, etc.).
Length: 10657 words
Creation-Date:  2009
Revision-Date:   2011
File-URL: https://www.iep.ru/files/RePEc/gai/wpaper/0017Dashkeyev-Freinkman.pdf
File-Format: Application/pdf
File-Function: Revised version, 2011
Keywords: financial crisis, institutional stagnation, economic growth, institutional development
Handle: RePEc:gai:wpaper:0017