OECD Economics Department Working Papers
Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.
The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.
- ISSN : 18151973 (en ligne)
- https://doi.org/10.1787/18151973
Fifteen Years of Economic Reform in Russia
What has been Achieved? What Remains to be Done?
The paper provides an overview of the course of economic reform and the performance of the Russian economy since the early 1990s and an analysis of the structural reform challenges ahead. It assesses the contribution of institutional and structural reforms to economic performance over the period, before turning to the question of where further structural reforms could make the biggest contribution to improved performance. Three major conclusions emerge. First, there is still a great deal to be done to strengthen the basic institutions of the market economy. While the Russian authorities have embarked on some impressive – and often technically complex – ‘second-generation’ reforms, many ‘first-generation’ reforms have yet to be completed. Secondly, the central challenges of Russia’s second decade of reform are primarily concerned with reforming state institutions. Thirdly, the pursuit of reforms across a broad front could enable Russia to profit from complementarities that exist among various strands of reform.
Mots-clés: competition, Russia, growth, transparency, reforms, transition, economy, corruption, stabilisation, state ownership
JEL:
P27: Economic Systems / Socialist Systems and Transitional Economies / Socialist Systems and Transitional Economies: Performance and Prospects;
P48: Economic Systems / Other Economic Systems / Other Economic Systems: Political Economy; Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies;
P21: Economic Systems / Socialist Systems and Transitional Economies / Socialist Systems and Transitional Economies: Planning, Coordination, and Reform;
P37: Economic Systems / Socialist Institutions and Their Transitions / Socialist Systems and Transitional Economies: Legal Institutions; Illegal Behavior;
H1: Public Economics / Structure and Scope of Government;
P31: Economic Systems / Socialist Institutions and Their Transitions / Socialist Enterprises and Their Transitions;
K2: Law and Economics / Regulation and Business Law
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