New Model of Economic Growth of Russia

Abstract

In the article are analyzed: the reasons of why after successful three years on restoration of the main indicators of pre-crisis 2008 unexpectedly there was a sharp recession of the Russian economy; moreover its transition at first to a stagnation stage in 2013-2014 and then and to deep recession in 2015. with simultaneous trebling of inflationary growth and doubling of high cost of money (increase of key interest rate of the Central bank Russian Federation) which led to negative process of stagflation. Results of the analysis can be used for development of reasonable offers on renewal of social and economic development of the Russian Federation based on new model of economic growth. Based on this analysis offers on transition to new economic policy - policy of the forced investments, investments in the human capital locate at stimulation of economic growth and institutional reforming on removal of the barriers disturbing to development.

Keywords

• economic growth
• national economy
• investments
• stagnation
• stagflation