Skip to main content
SpringerLink
Log in

Russian Economy

  • Reference work entry
  • First Online:
The New Palgrave Dictionary of Economics

  • 43 Accesses

Abstract

Although the Russian economy performed poorly in the first 7 years following the collapse of the USSR, the reforms of the 1990s laid the foundation for strong growth in 1998–2008. The early 2000s also saw successful reforms, such as the flat income tax and streamlined regulations. Serious challenges remain, however, including high dependence on natural resources, pervasive corruption, and rapid aging of the population and its distorted geographical distribution. The ability to rid itself of the remaining Soviet legacies in the economic structure, institutions and people’s mindset will determine whether Russia can break its historical pattern of growth spurts followed by stagnation.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 6,499.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Hardcover Book
USD 8,499.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

Bibliography

  • Alexeev, M. 2008. Second economy. New Palgrave dictionary of economics. New York: Palgrave Macmillan.

    Google Scholar 

  • Alexeev, M., and R. Conrad. 2009. The Russian oil tax regime: A comparative perspective. Eurasian Geography and Economics 50(1): 93–114.

    Article  Google Scholar 

  • Alexeev, M., and R. Conrad. 2013. The Russian tax system. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Chapter  Google Scholar 

  • Alexeev, M., and S. Weber. 2013. Russian fiscal federalism: Impact of political and fiscal (de)centralization. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Chapter  Google Scholar 

  • Berkowitz, D. and Y. Semikolenova. 2007. Is Russia’s growth a ‘flash in the pan’?. Working paper 318. Department of Economics, University of Pittsburgh.

    Google Scholar 

  • BP. 2012. BP Statistical review of world energy. Available at: http://www.bp.com/sectiongenericarticle800.do?categoryId=9037130&contentId=7068669.

  • CBR. 2013. Central Bank of Russia website. http://www.cbr.ru/statistics/.

  • CIA. 2013. The World Fact Book. https://www.cia.gov/library/publications/theworld-factbook/.

  • Cooke, D., A. Antonyuk and I. Murray. 2012. Toward a more efficient and innovative electricity sector in Russia. Consultation Paper, International Energy Agency, Insights Series.

    Google Scholar 

  • Denisova, I., and J. Shapiro. 2013. Recent demographic developments in the Russian Federation. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Google Scholar 

  • EBRD. 2012. Transition report 2012: Integration across borders, European bank for reconstruction and development. Available at: http://www.ebrd.com/transitionreport.

  • Eich, F., C. Gust, and M. Soto. 2012. Reforming the public pension system in the Russian Federation. IMF working paper, WP 12/201.

    Google Scholar 

  • Ericson, R. 2013. Command economy and its legacy. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Google Scholar 

  • Feld, L., and S. Voigt. 2003. Economic growth and judicial independence: Cross-country evidence using a new set of indicators. European Journal of Political Economy 19(3): 497–527.

    Article  Google Scholar 

  • Fortescue, S. 2013. The economics of mineral resources. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Google Scholar 

  • Frankel, J. 2012. The natural resource curse: A survey of diagnoses and some prescriptions. In Commodity price volatility and inclusive growth in Low-income countries, ed. R. Arezki, C.A. Pattillo, M. Quintyn, and M. Zhu. Washington, DC: International Monetary Fund.

    Google Scholar 

  • Gaddy, C., and B. Ickes. 2013a. Russia’s dependence on resources. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Google Scholar 

  • Gaddy, C., and B. Ickes. 2013b. Bear traps on Russia’s path to modernization. London: Routledge.

    Google Scholar 

  • Gorodnichenko, Y., J. Martinez-Vazquez, and K.S. Peter. 2009. Myth and reality of the flat tax reform: Micro estimates of tax evasion response and welfare effects in Russia. Journal of Political Economy 117(3): 504–554.

    Article  Google Scholar 

  • Goskomstat. 2003. Russian statistical handbook 2003 (in Russian). Moscow: Goskomstat.

    Google Scholar 

  • Guriev, S., and A. Tsyvinski. 2010. Chapter 1. Challenges facing the Russian economy after the crisis. In Russia after the global economic crisis, ed. A. Aslund, S. Guriev, and A. Kuchins. Washington, DC: Peterson Institute for International Economics.

    Google Scholar 

  • Gustafson, T. 2012. Wheel of fortune: The battle for oil and power in Russia. Cambridge, MA: Harvard University Press.

    Book  Google Scholar 

  • Hill, F., and C. Gaddy. 2003. The Siberian curse: How communist planners left Russia out in the cold. Washington, DC: Brookings Institution Press.

    Google Scholar 

  • IEP. 2012. Russian economy in 2011: Trends and outlooks. Moscow: Gaidar Institute for Economic Policy.

    Google Scholar 

  • IET. 2006. Russian economy in 2005: Trends and outlooks. Moscow: Institute for the Economy in Transition.

    Google Scholar 

  • IMF. 1993. Russian federation, IMF economic reviews, No. 8. Washington, DC: International Monetary Fund.

    Google Scholar 

  • Kim, B.-K. 2013. The unofficial economy in Russia. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Google Scholar 

  • Lerman, Z., and D. Sedik. 2013. Russian agriculture and transition. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Google Scholar 

  • Levchenko, A. 2013. International trade and institutional change. Journal of Law, Economics, and Organization.

    Google Scholar 

  • Levin, M., and G. Satarov. 2013. Corruption. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Google Scholar 

  • Lokshin, M., and R. Yemtsov. 2013. Poverty and inequality in Russia. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Google Scholar 

  • Markevich, A., and T. Mikhailova. 2013. Economic geography of Russia. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Google Scholar 

  • Martinez-Vazquez, J., M. Rider, and S. Wallace. 2008. Tax reform in Russia. Northampton: Edward Elgar.

    Google Scholar 

  • Mau, V., and T. Drobyshevskaya. 2013. Modernization and the Russian economy: Three hundred years of catching up. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Google Scholar 

  • Minfin. 2011. Main results and directions of budget policy for 2012 and through 2014 (in Russian). Moscow: Ministry of Finance of the Russian Federation.

    Google Scholar 

  • Minfin. 2013. Russian Ministry of Finance websites: http://www1.minfin.ru/en/reservefund/statistics/amount/ and http://www1.minfin.ru/en/nationalwealthfund/statistics/amount/.

  • Moe, A., and V. Kryukov. 2013a. The Russian oil sector. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Google Scholar 

  • Moe, A., and V. Kryukov. 2013b. The natural gas sector. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Google Scholar 

  • Pittman, R. 2013. Blame the switchman? Russian railways restructuring after ten years. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Google Scholar 

  • Rosstat. 2011. Russian statistical handbook 2011. Moscow: Rosstat.

    Google Scholar 

  • Rosstat. 2012. Russian Statistical Agency Website (data placed into the website in 2012): http://www.gks.ru/wps/wcm/connect/rosstat/rosstatsite/main/account/#.

    Google Scholar 

  • Schneider, F., A. Buehn and C. E. Montenegro. 2010. Shadow economies all over the world: New estimates for 162 countries from 1999 to 2007. Policy research working paper series 5356. The World Bank.

    Google Scholar 

  • Shishkin, S. 2013. Russia’s healthcare system: Difficult path of reform. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Google Scholar 

  • Tarr, D., and N. Volchkova. 2013. Russian trade and foreign direct investment policy at the crossroads. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Google Scholar 

  • Vasin, A. 2013. Russian electricity market: Development scenarios. In Oxford handbook of Russian economy, ed. M. Alexeev and S. Weber. New York: Oxford University Press.

    Google Scholar 

  • WDI. 2013. World Development Indicators database: http://data.worldbank.org/data-catalog/world-development-indicators.

  • WGI. 2012. World Governance Indicators database: http://info.worldbank.org/governance/wgi/index.asp.

  • World Bank. 2005. Russian Federation: From transition to development, a country economic memorandum for the Russian Federation. Washington, DC: World Bank.

    Google Scholar 

  • World Bank. 2012. Reinvigorating the economy, Russian economic report, No. 28. Washington, DC: World Bank.

    Google Scholar 

  • Yakovlev, E. and E. Zhuravskaya. 2013. The unequal enforcemement of liberalization: Evidence from Russia’s reform of business regulation. Journal of European Economic Association, forthcoming.

    Google Scholar 

Download references

Author information

Authors and Affiliations

  1. http://link.springer.com/referencework/10.1057/978-1-349-95121-5

    Michael Alexeev & Shlomo Weber

Authors
  1. Michael Alexeev
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Shlomo Weber
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Copyright information

© 2018 Macmillan Publishers Ltd.

About this entry

Check for updates. Verify currency and authenticity via CrossMark

Cite this entry

Alexeev, M., Weber, S. (2018). Russian Economy. In: The New Palgrave Dictionary of Economics. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-349-95189-5_2853

Download citation

Publish with us

Policies and ethics

Search

Navigation