Hoover Daily Report
Analysis and Commentary
Analysis and Commentary

Getting the Macroeconomic Balances Right? Or Achieving High Growth? Are the Two Compatible in Russia?

by Alvin Rabushka, Michael S. Bernstamvia russianeconomy.org
Wednesday, July 24, 2002

Increasing the share of private income in GDP is the quickest path to higher growth. So long as the network of enterprise socialism enjoys its subsidy and self-subsidy powers, Russia will be hard pressed to turn in sustained high growth.