RUSSIAN ECONOMIC-GROWTH - PERSPECTIVES AND IMPEDIMENTS

After Russia escaped from the high inflation crisis it became possible to consider strategies for long-term economic growth, and the Russian government announced quite ambitious targets to be achieved by the en d of this century. After the long-lasting output contraction the econo my was left with extremely obsolete capital stock. It is well recogniz ed by various groups of economists that nowadays investment is a cruci al point for Russia, but investment is still falling: neither domestic nor foreign investors are eager to invest in the real sector. Based o n an analysis of historical data this paper seeks to discuss the imped iments that hamper economic recovery in Russia.