BOFIT Policy Brief: Russia's growth potential post-COVID-19

A new BOFIT Policy Brief 9/2021

Iikka Korhonen: Russia's growth potential post-COVID-19

Abstract:
This paper updates my earlier calculations on Russia’s long-run growth potential using a standard growth accounting framework in which GDP growth depends on available labor, capital and efficiency in combining them, i.e. total factor productivity. Russia’s economy has grown relatively slowly during the past decade, partly because of declining labor force. In my revised framework, growth recovers after the negative COVID-19 shock, but remains subdued as the working-age population continues to dwindle. Productivity growth remains lower than in the early 2000s, while average GDP growth settles at approximately 1.5% p.a.

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BOFIT Policy Briefs are available online in the Bank of Finland's institutional repository: BOFIT Policy Briefs (bofit.fi)

 

Tagit: Talouskehitys

Ota yhteyttä

Sivuston ylläpidosta vastaa Aalto-yliopiston kauppakorkeakoulun Kansainvälisten markkinoiden tutkimuskeskus CEMAT (Center for Markets in Transition)

Aalto-yliopisto

Aalto-yliopisto
Kauppakorkeakoulu
Center for Markets in Transition (CEMAT)

Katuosoite

PL 21210 
00076 AALTO

Ekonomiaukio 1
Espoo

Ota yhteyttä

Puh. 040 353 8149

cemat(at)aalto.fi

 

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