The Russian economy is, modifying Winston Churchill (1939), “a riddle wrapped in a mystery inside an enigma”; Russian economic performance is volatile. In the last three decades its institutional environment changed from a command to a market economy. Its industrial structure shifted from overinvestment in manufacturing and agriculture in the late 1980s to market services and mining. Trade conditions seem to be unpredictable. This is a sensitive issue for the economy, which depends on oil and gas exports. How can one understand the Russian development pattern over its centuries-old history and, possibly, outline Russia’s prospects for the future?
On November 3, the Russia KLEMS group held a regular seminar about double deflation (DD) and its impact on ideas about Russian economic growth, 2003–2016, taking into account the experience of Russia KLEMS.
On September 18, Ilya Voskoboynikov presented his report “Recovery experiences of the Russian economy Implications to the Indian Economy” at a seminar organized by the Research Institute of the State Bank of India, "Experience of the post-crisis recovery of the Russian economy".
The work was published in the WP3 series "Labor market issues" and studies the global recession caused by the COVID-19 pandemic. Estimates suggest Russian GDP in 2020 will fall by 2–8%, meaning the current crisis may be more severe than the crises of 1998 and 2008. In the coming years, the Russian economy will have to recover and enter a new long-term growth trajectory. What sources and sectors can make this happen?
The 7th issue of “Voprosy Ekonomiki” (Questions of Economics) contains the speeches of the participants of “Long-term economic growth in Russia: prospects for recovery” round table, which took place on April 12 as part of the “April XXI” conference. The publication includes materials by Natalia Akindinova, Marek. Dabrovski, Alexandr Shirov, Dmitry Belousov, Ilya Voskoboynikov and Evsey Gurvich.
The seminar was held on June 26, 2020 as part of a regular series of seminars. The seminar considered methods of the experimental construction of time series for indicators of the intermediate consumption of energy, materials and services. The time series cover from 2003 to 2016. It is built on the basis of the official published indicators of SNA, tables of the use of goods and services, and deflators of domestic production and imports relative to the previous year
The presentation was held on May 29, featuring IlyaVoskoboynikov, Eduard Baranov, Ksenia Bobyleva, Rostislav Kapelyushnikov, Dmitri Piontkovski, Anton Tolokonnikov, Alexander Roskin. The report was presented by Ilya Voskoboynikov (HSE University), the discussion was led by Alexandr Shirov (IEF RAS), and the presentation was moderated by Evsey Gurvich (EEG)
On May 12 the roundtable was held, chaired by Evsey Gurvich, head of the Economic Expert Group. Topical issues of economic growth were discussed, including prospects after the coronavirus pandemic and forecasts for the short-term and long-term growth rates of the Russian economy. The current budget policy, the experience of recovery after the crises of 1998 and 2008, and sectoral growth drivers, in particular, were considered.
The session was held at HSE University at the XXI April Conference in cooperation with the International Association for Income and Wealth Research (IARIW) and with the support of the Federal State Statistics Service (Rosstat).
This seminar by the Russia KLEMS group was held on April 30. Ilya Voskoboynikov presented an analysis of the sources of labor productivity growth in the Russian economy after the crises of 1998 and 2008, highlighting measures to restore the economy after the shock associated with the coronavirus epidemic. The seminar examined which sources of growth in which sectors could drive such a recovery. How the Russian economy recovered: sources of labor productivity growth after the crises of 1998 and 2008.
