From crisis to crisis: the high cost of the post-soviet institutional lock-in

In this contribution, we shall try to characterise the Russian growth model the way it appears to have emerged in the 2000s, which we believe useful to explain the country's macroeconomic successes at an earlier stage as well as the severe problems it has to face now. We shall begin by presenting the macroeconomic indicators of the Russian Federation between the 1998 crash and up to the recent 2008 crisis, showing their very significant improvements in practically every area (part 1). However, the qualitative aspects of the economic growth suggest asking whether one the main reasons of Russia'... Mehr ...