Opportunities to Promote Economic Growth in Russia at a Rate Not Lower Than the World Average

Baranov, Sergey; Скуфьина, Т. П.

doi:10.15838/esc.2018.5.59.3

Cited by 5 publications

(7 citation statements)

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“…Estimated values of elasticity of labor(p)and capital(q)for models (2) and (3) lie within the range of 0 to 1. Our calculation of the values of p and q showed that GDP production is approximately equally determined by the labor factor and the capital factor (49% is determined by the size of the working-age population and 51% is determined by investments in fixed capital).…”

Section: B Model Of Gdp Productionmentioning

confidence: 79%

“…It is clear that in order to assess the impact of higher retirement age on GDP production, a link must be found between the size of working-age population and GDP. We need to note that our research has proved that for Russia, the main factor of capital in the models of production functions, describing the production of GDP, is the investment in fixed capital [2,11].…”

Section: B Model Of Gdp Productionmentioning

confidence: 93%

“…The need for such an assessment is dictated by the use of classical [4,5] and modern [2,6,7] notions of the fact that it is labor and capital that are essential elements of the country's production processes that determine the production of GDP. At the same time, numerous, including authors' own, studies claim that specific economies are characterized by certain parameters and ratios of factors of production, which are relatively constant [4][5][6][7].…”

Section: Advances In Economics Business and Management Research Volmentioning

confidence: 99%

“…We need to note the key importance of the working-age population size to increasing public production, GDP production in particular. The importance of considering the dynamics of the working-age population is also determined by its reflection of accumulated demographic problems [1,2,8].…”

Section: Advances In Economics Business and Management Research Volmentioning

confidence: 99%

“…In 2028, the transition period will end and the retirement age in Russia will be set at 65 years for men and 60 years for women. As noted by us and other researchers, the characteristic feature of the adoption of this law is the lack of public discussion, including practical lack of assessments of the necessity and consequences of increasing the retirement age in Russia by the scientific community [1,2]. This aspect has given rise to a multitude of differing opinions about the consequences of the adoption of the law increasing the retirement age.…”

Section: Introductionmentioning

confidence: 99%

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Assessment of the Direct Economic Effect of Increasing the Retirement Age in Russia

Skufina¹,

Baranov²,

Samarina³

2021

Proceedings of International Scientific and Practical Conference “Russia 2020 - A New Reality: Economy and Society” (ISPCR 2020

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The article is devoted to the assessment of direct economic effect of gradual increase of the retirement age in Russia from 2019 to 2028 by 5 years for men and women. The importance of obtaining such a quantitative assessment is substantiated and the methodology is validated. The methodology includes: 1) a three-variant forecast of the working-age population, taking into account the shift in the size of workingage population starting 2019 due to an increase in the retirement age;2) economic and mathematical models based on production functions that allow to reliably assess the impact of the increase in the retirement age on the production of Russian GDP. Based on real statistical data, a three-variant forecast of the workingage population in Russia has been compiled, taking into account the increase in the retirement age. Analysis of the results of three variants of our prognosis showed that the increase in the retirement age not only halted the steady downward trend in the size of working-age population, but also broke the trend, indicating an increase in the size of working-age population in Russia. A study of the constructed economic and mathematical models has shown that raising the retirement age will lead to a slight increase in Russian GDP (by about 0.35% annually). Thus, without significant structural changes in the economy, the direct effect of raising the retirement age in Russia is hardly noticeable in the GDP production.

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Section: B Model Of Gdp Productionmentioning

confidence: 79%

Section: B Model Of Gdp Productionmentioning

confidence: 93%

Section: Advances In Economics Business and Management Research Volmentioning

confidence: 99%

Section: Advances In Economics Business and Management Research Volmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Assessment of the Direct Economic Effect of Increasing the Retirement Age in Russia

Skufina¹,

Baranov²,

Samarina³

2021

Proceedings of International Scientific and Practical Conference “Russia 2020 - A New Reality: Economy and Society” (ISPCR 2020

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Modeling and Forecasting GDP Production in Russia, Taking into Account Changes in the Number of Working-Age Population Caused by the Retirement Age Increasing

Skufina

Baranov

Samarina

2020

Proceeding of the International Science and Technology Conference "FarEastСon 2019"

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The impact of the Covid-19 crisis on the economies of the Russian Arctic regions

Skufina

Baranov

2021

IOP Conf. Ser.: Earth Environ. Sci.

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The article examines the influence of the crisis caused by the Covid-19 on the economies of the Russian Arctic regions. In it, the authors demonstrate that even within one country, different economic conditions of the territories give rise to different forces and different characteristics of the manifestation of crisis phenomena, identifying the specifics of their manifestations in the regions of the Russian Arctic in comparison with the overall Russian situation, based on the analysis of statistical indicators. The approach of a comparative assessment of the impact of the crisis on the regions of the Russian Arctic used in the article gives visual and easily interpreted results. This analysis of the dynamics of indicators that characterize the situation in the labor market, in industrial production and retail trade in Russia as a whole and in the regions of the Russian Arctic indicated that the economy of the regions of the Russian Arctic demonstrates a specific reaction to the crisis caused by the Covid-19.

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Opportunities to Promote Economic Growth in Russia at a Rate Not Lower Than the World Average

Cited by 5 publications

References 0 publications

Assessment of the Direct Economic Effect of Increasing the Retirement Age in Russia

Assessment of the Direct Economic Effect of Increasing the Retirement Age in Russia

Modeling and Forecasting GDP Production in Russia, Taking into Account Changes in the Number of Working-Age Population Caused by the Retirement Age Increasing

The impact of the Covid-19 crisis on the economies of the Russian Arctic regions

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