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OECD Economic Surveys: Russian Federation 2011
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- Table of contents
- Basic statistics of the Russian Federation
- Executive summary
- Assessment and recommendations
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Chapter 1. Modernisation of the Russian economy: how full is the glass?
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Macroeconomic and social developments
- Figure 1.1. Real GDP and inflation
- + Box 1.1. Recent macroeconomic developments and projections through 2013
- Figure 1.3. GDP per capita and labour productivity
- Figure 1.4. Selected well-being indicators
- Figure 1.5. Income inequality
- Figure 1.6. Share of value added in services
- Figure 1.7. Share of private sector activity in GDP
- Table 1.2. Labour force status of the Russian population, 1992-2010
- Figure 1.8. Labour market activity
- Figure 1.9. Information and communication technology (ICT) indicators
- Figure 1.10. PISA scores
- Figure 1.11. Lifelong learning
- Figure 1.12. Investment
- + Progress on structural reform
- Summary and conclusions
- Notes
- Bibliography
- Annex 1.A1. Progress in structural reform and framework conditions
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Macroeconomic and social developments
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Chapter 2. Improving the business climate
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The business climate is significantly worse in Russia than in most OECD countries
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Figure 2.1. The overall Product Market Regulation indicator
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Figure 2.2. The Product Market Regulation indicator: state control
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Figure 2.3. The Product Market Regulation indicator: barriers to entrepreneurship
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Figure 2.4. Effectiveness of anti-monopoly policy
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Figure 2.5. Barriers to imports
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Figure 2.6. FDI Regulatory Restrictiveness Index
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Figure 2.7. Transparency International Corruption Perceptions Index
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Figure 2.8. Corruption Perceptions Index (CPI)
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Table 2.1. Results of corruption regression
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Table 2.2. WJP Rule of Law Index scores
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Figure 2.1. The overall Product Market Regulation indicator
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The economic consequences of the relatively poor business climate are serious
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Progress has been made on improving the business climate, but much more should be done
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Tackling corruption
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Strengthening the rule of law
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Cutting red tape
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Reducing the role of the state in the economy
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Strengthening competition policy
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Liberalising the trade and foreign investment regimes
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Tackling corruption
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Summary
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Notes
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Bibliography
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The business climate is significantly worse in Russia than in most OECD countries
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Chapter 3. Strengthening the fiscal framework to enhance resilience to external shocks and safeguard sustainability
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Overview of fiscal policy trends and the sustainability outlook
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Fiscal outcomes have improved markedly in the past twelve years and have been very favourable in international comparison...
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Figure 3.1. Government finances
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Figure 3.2. Oil price and oil revenues
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Figure 3.3. Oil and non-oil revenues
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Figure 3.4. Evolution of GDP in US dollar terms
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Figure 3.5. General government financial balances, Russia and OECD countries
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Figure 3.6. General government gross debt, international comparison
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Figure 3.1. Government finances
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… but fiscal policy showed clear features of pro-cyclicality over the last few years…
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Box 3.1. Methodological issues in assessing the underlying fiscal indicators in Russia
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Table 3.1. Fiscal stance (general government)
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Table 3.2. Structure of government expenditure
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Box 3.1. Methodological issues in assessing the underlying fiscal indicators in Russia
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… and the non-oil deficit has risen to excessive levels
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- Demographic trends will put increasing pressure on public finances
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Fiscal outcomes have improved markedly in the past twelve years and have been very favourable in international comparison...
- + Strengthening the fiscal framework
- Notes
- Bibliography
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Overview of fiscal policy trends and the sustainability outlook
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Chapter 4. Moving to a new framework for monetary policy
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Progress in achieving sustained disinflation has been slow
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The evolution of the monetary framework since the onset of the crisis
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Building on recent achievements to establish a stronger framework for monetary policy
- The CBR should opt for a flexible inflation targeting framework
- Strengthening institutional arrangements
- + Improving the transparency of monetary policy
- Monitoring inflation expectations
- Co-ordination with fiscal policy
- Raising the effectiveness of interest rate policy
- The role of the exchange rate in the new framework
- + Dealing with large and volatile capital flows
- Notes
- Bibliography
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Progress in achieving sustained disinflation has been slow
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Chapter 5. Increasing energy efficiency as a means to achieve greener growth
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The case for focussing on policies to raise energy efficiency in Russia
- Figure 5.1. Emissions of air pollutants
- Figure 5.2. Burden of disease attributable to outdoor air pollution
- Figure 5.3. Greenhouse gas emissions
- Figure 5.4. Total energy consumption per unit of GDP
- Figure 5.5. Evolution of Russian GDP, primary energy consumption and energy intensity of GDP in 1990-2010
- Figure 5.6. Evolution of Russia’s energy-related GHG emissions and GDP, 1990-2009
- + Causes of Russia’s high energy intensity
- Policy responses to date
- + Assessment of current policies and recommendations
- Notes
- Bibliography
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The case for focussing on policies to raise energy efficiency in Russia
Special Feature: Improving the business climate
Book Details
Editors
Categories
Business & Economics > Forecasting
Publishers
Publication year : 2011
License: All rights reserved ©
Times read: 6

