Transformational Recession and Structural Changes in Russian Industrial Production
This work studies the transformational recession in Russian industrial production and its accompanying structural changes. It focuses on problems associated with measuring output behavior in the Russian transitional economy; constructing the indicators needed to analyze structural changes in industrial production; analyzing the course of transformational recession and discussing its causes and characteristics; studying the intensity, progress, and trends of structural change; analyzing the mutual impact of these changes and output behavior; discussing some general laws and their possible causes; and describing a series of new transformational effects. Finally, proposals for economic policy are formulated.
In the article we study the reasons and character of economic growth in Russia in the beginning of the XXI-st century. The analysis of the features of economic development is a key to understanding of depth of modern crisis in Russia. This article exhibits institutional preconditions for an overcoming the crisis and acceleration of economic growth.
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.
Results of development of the generalized algorithm of risk management of the automated systems, invariant management are given in article in relation to objects and scopes.