Bericht

Russia's growth potential post-COVID-19

This paper updates my earlier calculations on Russia's long-run growth potential using a standard growth accounting framework in which GDP growth depends on available labor, capital and efficiency in combining them, i.e. total factor productivity. Russia's economy has grown relatively slowly during the past decade, partly because of declining labor force. In my revised framework, growth recovers after the negative COVID-19 shock, but remains subdued as the working-age population continues to dwindle. Productivity growth remains lower than in the early 2000s, while average GDP growth settles at approximately 1.5% p.a.

Language
Englisch

Bibliographic citation
Series: BOFIT Policy Brief ; No. 9/2021

Classification
Wirtschaft
Subject
Coronavirus
Produktionspotenzial
Wirtschaftswachstum
Russland

Event
Geistige Schöpfung
(who)
Korhonen, Iikka
Event
Veröffentlichung
(who)
Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT)
(where)
Helsinki
(when)
2021

Handle
URN
urn:nbn:fi:bof-202107011317
Last update
10.03.2025, 11:42 AM CET

Data provider

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Object type

  • Bericht

Associated

  • Korhonen, Iikka
  • Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT)

Time of origin

  • 2021

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