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Regular version of the site

Article

Взгляд на российскую экономическую трансформацию

Вопросы экономики. 2018. № 11. С. 142-158.

The transition of the Russian economy from plan to market is considered
at a qualitative level. The analysis of economic dynamics in the transformation
paradigm is conducted. The main stages of the transition process are discussed.
Bonuses and costs due to the transition to market economy are considered. The
reasons for the outstripping growth of well-being as compared to the growth of
output are discussed. The signs of exhaustion of the potential of factors ensuring
an abnormally high rate of recovery and accompanying welfare growth
are discussed. The conclusion is made that the transformational recovery has
been completed. The Russian economy has moved to the stage of development
with relatively low growth rates of output and welfare, typical for stable (nontransition)
economies.