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date: 15 May 2021

Abstract and Keywords

The goal of this chapter is to examine the performance of the Russian economy during the 2000s. We study sources of economic growth during the period, applying growth accounting framework and discussing standard assumptions and statistical problems. The relatively intensive growth of the Russian economy was accompanied by a very slow decline of inflation rates. The chapter discusses the specific features of the recent consumer price rise and considers several manifestations of inflation persistence over the past decade.

Keywords: economic growth, growth accounting, total factor productivity, investment, inflation, transition

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