|Generate QR code
Open Access
Subscription Access
Russian economy under the pressure of sanctions and cheap oil
https://doi.org/10.32609/0042-8736-2016-7-5-35
Abstract
The article is devoted to the analysis of factors and parameters that led to the recession of the Russian economy in 2014-2016. Economic downturn can be considered as a result of combination of external and internal shocks - negative changes in the terms of trade, Western economic sanctions imposed on Russia and its countersanctions. Measures and instruments of regulators used for neutralization of negative effects of shocks are considered. The article analyzes the adaptation of domestic production, consumption, savings and investments to changing terms and conditions of reproduction. The most probable directions of expanding domestic production after the end of the recession are outlined too.
Keywords
economic growth,
macroeconomic trend,
branch of the economy,
consumption,
investment,
economic crisis,
general financial markets,
inflation,
monetary policy,
fiscal policy
JEL: E2, E6, F4, G1
About the Authors
I. Borisova
Ministry of Economic Development of the Russian Federation
Russian Federation
Russian Federation
B. Zamaraev
Ministry of Economic Development of the Russian Federation
Russian Federation
Russian Federation
I. Kozlova
Ministry of Economic Development of the Russian Federation
Russian Federation
Russian Federation
A. Nazarova
Ministry of Economic Development of the Russian Federation
Russian Federation
Russian Federation
E. Sukhanov
Ministry of Economic Development of the Russian Federation
Russian Federation
Russian Federation
References
1. Aganbegyan A. G. (2016). Russian economy: From stagnation to recession. Dengi i Kredit, No. 5, pp. 10—20. (In Russian).
2. Akindinova N., Kuzminov Ya., Yasin E. (2016). Russia’s economy: Before the long transition. Voprosy Ekonomiki, No. 6, pp. 5—35. (In Russian).
3. Zamaraev B., Nazarova A. (2013). Inventory management in Russian economy: Crisis and post-crisis adjustment. Voprosy Ekonomiki, No. 3, pp. 50—69. (In Russian).
4. Popov V. V. (2011). Strategies of economic development. Moscow: HSE Publ. (In Russian).
5. Reinert E. S. (2011). Now rich countries got rich… and why poor countries stay poor. Moscow: HSE Publ. (In Russian).
6. Helpman E. (2012). The mystery of economic growth. Moscow: Gaidar Institute Publ. (In Russian).
Review
For citations:
Borisova I., Zamaraev B., Kozlova I., Nazarova A., Sukhanov E. Russian economy under the pressure of sanctions and cheap oil. Voprosy Ekonomiki. 2016;(7):5-35. (In Russ.) https://doi.org/10.32609/0042-8736-2016-7-5-35
Views:
1027
Email this article 
