This paper presents an empirical framework model for assessing determinants of regional growth in Russia between 2004 and 2015 with an extension to include sub-national fiscal policies.
English, PDF, 110kb
This country note from Going for Growth 2017 for the Russian Federation identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
This paper examines the use of two forms of non-standard work contracts in Russia with data from an enterprise survey for the years 2009 to 2011. Non-standard work contracts are less costly and more flexible for employers. Internal adjustment in form of wage cuts or unpaid leave is not covered by the Labour Code and earlier practices to impose such measures are less tolerated.
Since 1995 when OECD began conducting Economic Surveys of the Russian Federation many policy recommendations relating to structural reform and framework conditions have been made.
Russia faces very large challenges in modernising its large transport system. Promoting competition in the transport sector is essential, in particular by effectively opening the railway freight market to independent operators.
Reducing the role of the state in the economy and WTO membership should be viewed as opportunities to strengthen competition, and hence provide incentives for productivity improvements, which are urgently required to ensure stronger growth in Russia because of a shrinking labour force.
The labour market in Russia is very flexible. This results in a high and stable overall employment rate, but also high wage inequality, informality and labour turnover, which limits incentives for firms to invest in human capital and productivity improvements.
English, PDF, 95kb
This country note from Going for Growth 2015 for the Russian Federation identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Russia has demonstrated good resilience during the financial and economic crisis, though the speed of convergence has been lower than in most BRIICS countries, and growth has slowed more recently.
The Russian Federation’s economy is growing, but further reforms are needed to bolster future growth, improve the business climate and strengthen innovation, according to the OECD.