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Bear Traps on Russia’s Road to Modernization
ISBN-13:
9781134106820
Veröffentl:
2013
Seiten:
144
Autor:
Clifford G. Gaddy
eBook Typ:
PDF
eBook Format:
EPUB
Kopierschutz:
2 - DRM Adobe
Sprache:
Englisch
Beschreibung:
Bear Traps examines Russia's longer term economic growth prospects. It argues that Russia's growth challenges are conventionally misdiagnosed and examines the reasons why: a spatial misallocation that imposes excess costs on production and investment; distortions to human capital; an excessively high relative price of investment that serves as a tax on physical capital accumulation; and an economic mechanism that inhibits adjustments that would correct the misallocation. Bear Traps explains why Soviet legacies still constrain economic growth and outlines a feasible policy path that could remove these obstacles.
Introduction 1. Historical Prelude 2. Investment and Physical Capital 3. The Economics of Location 4. Market-Impeding Federalism 5. Human Capital 6. Conclusion
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