The Bulletin of the Institute of Economics of the Russian Academy of Sciences № 1/2023.  Economics and Management.

Nikolaev Igor A.

Dr. Sci. (Econ.), Chief Researcher at the Institute of Economics of the Russian Academy of Sciences, Moscow, Russia

DRIVERS OF ECONOMIC GROWTH: OPPORTUNITIES AND PROSPECTS IN THE SUB-SANCTIONED ECONOMY OF RUSSIA

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Abstract

The article analyzes the possibility of using traditional drivers of economic growth, such as consumer demand, investment and export, as the main factors to counteract the unprecedented sanctions pressure on the Russian economy. The state and prospects of each of the main factors are considered. It is argued that in the sub-sanctioned economy of Russia, one should not count on traditional drivers of economic growth helping quickly overcome the severe consequences of sanctions pressure and switch to economic growth. Based on this, it is required to pursue a realistic economic policy, using the available resources rationally and minimizing negative social consequences.

Keywords: economic sanctions, consumer demand, investments, exports, economic growth drivers.

JEL: E21, E22, E65, F51.

EDN: KQYSCP

DOI: https://doi.org/10.52180/2073-6487_2023_1_58_74

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Manuscript submission date: 18.01.2023

For citation:

Nikolaev I.A. drivers of economic growth: opportunities and prospects in the sub-sanctioned economy of Russia // Vestnik Instituta Ekonomiki Rossiyskoy Akademii Nauk. 2023. № 1. Pp. 58-74. DOI: https://doi.org/10.52180/2073-6487_2023_1_58_74 EDN: KQYSCP

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