№31. Round table “Structural priorities of the new model of Russian economic development”

Published: March 31st, 2017

On March 31, 2017, within the framework of the Moscow Economic Forum, a round table entitled "Structural Priorities for a New Model of Russia's Economic Growth" was held, during which discussions were held on the results of research in the field of structural modernization of the Russian economy held in various scientific and university research centers.

The moderator of the round table was the director of the Institute of Economics of the Russian Academy of Sciences Lenchuk Elena Borisovna and the head of the Center for Innovative Economics and Industrial Policy of the Institute of Economics of the Russian Academy of Sciences Filatov Vladimir Ivanovich.

Doctor of Economics, Professor, Deputy Director of the Central Economics and Mathematics Institute, Alexander Aleksandrovich Shirov spoke about the structural aspects of economic growth in Russia in the medium and long term. The expert is confident that we have moved from the stage of a frontal decline in economic indicators, economic stagnation to stabilization, and in some sectors and growth. The main problem of recent years, the professor calls increasing the level of restrictions on economic development. The expert notes that the working population of Russia is used inefficiently. "We have an excessive share of management personnel and the share of those who form a new production is extremely clamped," the expert says..

Prospects for development Shirov sees in the expansion of investment activity, where domestic growth factors, consumer, investment demand should dominate the dynamics of GDP formation. "This will allow us to provide the minimum acceptable reduction in the gap in per capita GDP level with the most developed countries," concluded the expert..

Sukharev Oleg Sergeevich, Doctor of Economics, Professor of the Institute of Economics of the Russian Academy of Sciences, made a presentation on the structural limitations of economic growth. In the course of his speech, the expert singled out five factors for organizing economic growth: to suppress inflation to 4%, wage growth should not follow without increasing labor productivity, it is necessary to raise the rate of accumulation. Next, we should work in the field of innovation, industrial policy, and develop programs for the development of engineering. It is required to increase production capacities, as well as to carry out structural reforms, primarily related to privatization.

The slowed pace of capital growth, according to Balatsky Yevgeny Vsevolodovich, director of the Center for Macroeconomic Research at the Finance University under the Government of the Russian Federation, is explained by the fact that many technological sectors for us are poorly mastered. As an example, the expert brought the cinematography and shooting of the film "Titanic", where a serious technological base was involved. "We do not have such opportunities," the expert explained. According to the speaker, the rapid development of technologies will solve the problem.

It was also noted that ensuring the competitiveness of the domestic economy and entering the path of sustainable development is possible only based on structural modernization and revival of the real sector of the economy based on innovations that ensure the transition to a new model of economic growth.

"Social and labor factors of structural modernization of the Russian economy and the formation of a new model of economic growth" - with this theme was made by Nikolay Y. Akhapkin, Ph.D. in Economics, head of the Center of the Institute of Economics of the Russian Academy of Sciences. "The Russian labor market is stable, but so far this is sustainability, which provides only survival. The factors that ensure modernization are just beginning to form. This is the first. The second. On the modern labor market, unfortunately, it is not possible to find the country's much-needed competitive advantages and view its condition, as a factor contributing to structural modernization is an erroneous approach, "concluded the expert.

During the discussion, the participants of the round table touched upon such important issues as the choice of structural priorities of the domestic economy in the context of enhancing its competitiveness and dynamic growth, overcoming resource and reproduction constraints for the new model of economic growth, the institutional environment of the new development model, technological aspects of structural modernization, regional aspects structural modernization of the Russian economy.

During the discussion, participants concluded that economic growth remains an acute problem, which includes the following aspects: the aspect of reproduction, structural and industrial, technological, foreign economic, etc. The issue of reproductive growth and economic growth was revealed. It was noted that Russia needs to overcome technological backwardness, change the export structure, and change the structural arrangement of housing. "We must imagine what country we would like to see, and then look at what the economic model should be," concluded Vladimir Filatov, moderator.