Russia’s Macroeconomy — A Closer Look at Growth, Investment and Uncertainty
Journal: WORLD SCIENTIFIC eBooks
Year: 2020

This paper looks at economic growth and its fundamental determinants in Russia over the last decades. It starts by showing that, contrary to the views of some political commentators, growth is highly important for the popularity of president Putin. Furthermore, regular models of growth are relevant to Russia and other transition countries over the last two decades and one important determinant of growth is investments in physical capital. This in turn is correlated with FDI, which is also key fo