Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/251710 
Authors: 
Year of Publication: 
2021
Series/Report no.: 
BOFIT Policy Brief No. 9/2021
Publisher: 
Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT), Helsinki
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.
Persistent Identifier of the first edition: 
Document Type: 
Research Report

Files in This Item:
File
Size
477.25 kB





Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.