Economic Change and Restructuring

, Volume 40, Issue 1–2, pp 65–89 | Cite as

Competitiveness and adjustment of the Russian economy: macro and by sectors dimensions

  • Eric Brunat
  • Xavier Richet


After twelve years of transformation, recent robust economic growth is helping to transform Russia, opening the perspectives for a sustainable economic and human development. However, to succeed it needs to simultaneously deepen economic and institutional reforms while diversifying its profile, and provide a human and knowledge-based dimension to addressing the challenges facing the country. The components of the competitiveness of the Russian economy show that competitiveness started to decline after 1999, following the 1998 crisis and the strong devaluation of the Rouble. The decline in competitiveness has been largely due to appreciation of the Rouble and increasing labor costs. Nevertheless, the rate of real Rouble appreciation is currently not the major factor affecting changes in the competitiveness of Russian goods. The key issues are whether factors of production and management are used efficiently, how decent is the quality of the production of goods and services...


Foreign Direct Investment Gross Domestic Product World Trade Organization Real Exchange Rate Industrial Policy 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.


  1. Aris B (2000) Picking up and passing on the piece of privatization. The Moscow Times November 25Google Scholar
  2. Ashrafian V, Isaeva P, Oppenheimer P (2002) The prospects of the Russian automotive industry. Working Paper, RECEP, mimeo, 32 pGoogle Scholar
  3. Ashrafian V, Richet X (2001) Industrial cooperation in the Russian car industry. Russian Economic Trend, 3–4Google Scholar
  4. Aslund A, Boone P, Johnson S (2001) Escaping the under-reform trap. IMF Staff Papers, vol. 48, Special IssueGoogle Scholar
  5. Blasi J, Kroumova M, Kruse D (1996) Kremlin capitalism-privatizing the Russian economy. Cornell University Press, 1996Google Scholar
  6. Boone P, Rodionov D (2002) Rent seeking in Russia and the CIS. Brunswick UBSWarburg, MoscowGoogle Scholar
  7. Brunat E (2002) After the economic rebound in Russia – the importance of a pro-active policy. Russian Economic Trends, vol. 11, number 3, OctoberGoogle Scholar
  8. Brunat E, Klepach A (2003) The Russian economy is facing a competitiveness and efficiency challenge. East-West J Econ Bus 6(2): Google Scholar
  9. Cottrell R (2002) Russia’s rising tycoons. Johnson’s Russia List, No 6388, 8/6/2002Google Scholar
  10. De Sousa J, Richet X (2000) The impact of foreign capital on local supply companies. The Case of Hungary, Economic System 24(4):Google Scholar
  11. Dosi G et al (eds) (1988) Technical change and economic theory. Pinter, London and New YorkGoogle Scholar
  12. DREE Revue Elargissement (2001) Spécial IDE, DecemberGoogle Scholar
  13. Dynkin A (2002) Russia’s big conglomerates and the Country’s modernization. CarnegieGoogle Scholar
  14. Earle J, Estrin S (2001) Privatization and structure of enterprise ownership. In: Granville B, Peter Oppenheimer (eds) Endowment for international peace, Washington, DC, April 17Google Scholar
  15. Estrin S, Angelucci M (2003) Ownership, competition and enterprise performance. Comp Econ Stud 45(2):JuneGoogle Scholar
  16. Fagerberg J (1988) International competitiveness. Econ J 98(391):JuneGoogle Scholar
  17. Financial Times (2002a) Russia’s Rising Tycoons, August 6Google Scholar
  18. Financial Times (2002b) VW Brings Skoda up to Speed, September 3Google Scholar
  19. Freeland C (2000) Sale of the century. Russia’s wild ride from communism to capitalism. Crown Business, New YorkGoogle Scholar
  20. Gaddy C, Ickes B (2002) Russia’s virtual economy. Brookings Institution Press, Washington, DCGoogle Scholar
  21. Granville B, Oppenheimer P (eds) (2001) Russia’s post-communist economy. OUP, OxfordGoogle Scholar
  22. Grossman GM, Helpman H (1991) Innovation and growth in the global economy. MIT Press, Cambridge, MassachusettsGoogle Scholar
  23. Hare P, Murayev A (2002) Privatization in Russia. Research paper series, RECEP, mimeo, 27 pGoogle Scholar
  24. Havlik P, Landesmann M, Stehrer R (2001) Competitiveness of CEE industries: evidence from foreign trade specialization and quality indicators. WIIW, number 278, JulyGoogle Scholar
  25. Junz H, Rhomberg R (1973) Price competitiveness in export trade among industrial countries. Am Econ Rev 63(2):MayGoogle Scholar
  26. Kansky Alexander (2000) BISNIS, MoscowGoogle Scholar
  27. Krugman P (1989) Differences in income elasticities and trends in real exchange rates. Eur Econ Rev 33Google Scholar
  28. Kuvalin D (2002) Rossiiskiye predpriyatiya v nachale 2002 g.: problemy modernizatsii, INP RAN 2002Google Scholar
  29. Mallock BM (2003) Balancing social and economic goals, the Moscow times, March 18Google Scholar
  30. Mau V (2002) Economic and political results for 2001and prospects for strengthening economic growth. Working paper, Institute for the economy in transition, mimeo, 28 pGoogle Scholar
  31. Mau V (2003) Post-communist Russia in post-industrial world: elements of catching-up policy. Academy of National Economy, Moscow, MayGoogle Scholar
  32. Murphy K, Pugachevsky A (2002) Russian federation: competitiveness benchmarking: 2001. J.E. Austin Associates, Inc. FebruaryGoogle Scholar
  33. Nash R (2001) Corporate consolidation: Russia’s latest lurch towards capitalism. In: Westin P (ed) Google Scholar
  34. Nash R (2002) Russia-from macro to micro. Which growth path now? Annual equity conference “Russia: reforming and re-rating”, Renaissance Capital, Moscow, June 24–26Google Scholar
  35. Popova T (1999) Curse or blessing?—Financial-industrial groups in Russia, Transition Newsletter, July–AugustGoogle Scholar
  36. Richet X, Bourassa F (2000) The reemergence of the automotive industry in Eastern Europe. In: Von Hirschhausen Ch, Bitzer J (eds) Google Scholar
  37. Richet X, Wang H, Wang W (2001) Foreign direct investment in China’s automotive industry. Chinese Perspectives, number 38, November–DecemberGoogle Scholar
  38. Rosefielde S (2002) Russian competitiveness: ‘Rule of Men’, rent-seeking, predation and structural militarization, RECEP Moscow, SeptemberGoogle Scholar
  39. Russian Economic Barometer (S. Aukutsionek, various numbers) and Institute for the Economy in Transition (S. Tsukhlo’s regular surveys) for details of appraisal of competition using business surveysGoogle Scholar
  40. Samson I, Greffe X, Brunat E, RECEP (2002) Common economic prospects of Russia-EU relations, White Book, Tacis European Union, Russian European Center for Economic Policy, October, 119 ppGoogle Scholar
  41. Schleifer A, Treisman D (2000) Without a map. Political tactics and economic reform in Russia. The MIT Press, Cambridge, MAGoogle Scholar
  42. Soós KA, Ivleva E, Levina I (2002) The Russian manufacturing industry in the mirror of its exports to the European Union. RECEP Moscow, MarchGoogle Scholar
  43. Soós KA (2001) Structural upgrading in manufacturing under transition. A comparative analysis of eight countries. In: Bara Z, Csaba L (eds) Small economies’ adjustment to global tendencies. Aula Publishing Co., BudapestGoogle Scholar
  44. The National Auto Component Association (2000) The main directions of the State policy for development of the automobile industry in Russia until 2005Google Scholar
  45. The Russia Journal (2001) Who owns Russia : inside Russia’s automobile industry, December 7–13Google Scholar
  46. Transnational Corporations (2001) Special issue: privatization and Green-field FDI in central and Eastern Europe: does the mode of entry matters? vol. 10, number 3, DecemberGoogle Scholar
  47. Von Hirschhausen Ch, Bitzer J (eds) (2000) The globalization of industry and innovation in Eastern Europe, E. ElgarGoogle Scholar
  48. Yudaeva K et al (2002) Trade liberalization, foreign direct investment and productivity of Russian firms. CEFIR. JuneGoogle Scholar

Copyright information

© Springer Science+Business Media, LLC 2007

Authors and Affiliations

  1. 1.University of Savoie, Centre IREGEChambéryFrance
  2. 2.Jean Monnet Chair, Université Paris III, Sorbonne NouvelleParisFrance

Personalised recommendations