?
探寻加快俄罗斯经济增速的药方:国家项目的潜力 (В поисках рецептов ускорения экономического роста в России: потенциал национальных проектов)
The chapter explores the problem of locking the Russian economy in a trap of low growth rates. Factors contributing to the deceleration of macroeconomic dynamics are analyzed. It is stated that fiscal policy within the stagnating aggregate demand environment has been too tight in last several years. Such pattern will remain in the forecasted period till 2022, despite the announced additional spending on national projects. The paper claims that these projects have to relaunch the socio-economic development in Russia but are helpless for creating fundamentally new quality of growth. It is admitted that national projects can lead to a temporary cyclical revival of the Russian economy. Moreover, they are considered as desired measures for a large-scale new investment in infrastructure and human capital. But the efficiency of national projects depends primarily on the reconfiguration of the whole budget system at sustaining long-run growth and simultaneous creation of new stimulus for private investment in the course of structural reforms.