Possible Tendencies of Economic Development of Russia


It was proposed to use the sum of production functions of different lifestyles, to describe the changes in the Russian economy. Values of indicators of a power function of Cobb-Douglas were received from approximate formulas on the basis of data from various sources. A good concordance with change process of Russia’s GDP, what permit to predict its behavior in the future, was received.

Share and Cite:

Surkov, S. (2014) Possible Tendencies of Economic Development of Russia. Theoretical Economics Letters, 4, 612-617. doi: 10.4236/tel.2014.47077.

Conflicts of Interest

The authors declare no conflicts of interest.


[1] HSBC: Russia Lags behind the Whole World. Website Quote.rbc.ru 20.01.2014.
[2] Drzeniek Hanouz, M. and Prazdnichnykh, A.N. The Russia Competitiveness Report 2011. Laying the
Foundation for Sustainable Prosperity. World Economic Forum. http://ru.scribd.com/doc/56697805/
[3] Sustainable Lifestyles: Today’s Facts & Tomorrow’s Trends. D1.1 Sustainable Lifestyles Baseline Re-
port. 159 p., 2013. http://www.sustainable-lifestyles.eu/fileadmin/images/content/D1.1_Baseline_
[4] Industrial Development for the 21st Century: Sustainable Development Perspectives. UN Report,
New York, 2007, 420 p. http://www.un.org/esa/sustdev/publications/industrial_development/full_
[5] Pfeiffer F. and Reub, K. (2008) Age-Dependent Skill Formation and Returns to Education. Labour Economics, №15, 631-646.
[6] Trunin, S.N. (2009) Labour Economics. ZAO “Publisher Economy”, Moscow, 496.
[7] Rodrik, D. (2007) Industrial Development: Some Stylized Facts and Policy Directions. In: Industrial Development for the 21st Century: Sustainable Development Perspectives, Unated Nations, New York, 7-29.
[8] Galin, D.M. (2007) Statistical Modeling of the Growth of the Economy in Transition (on the Example of Modern Russia). Dissertation for the Degree of Candidate of Economic Sciences, Moscow, 159.
[9] Bulgakova, L.N. (2013) Estimation of Production Function and Elasticity of Production at the Enterprises and in Branches of Region Taking into Account Production Factors, Innovations and Education. Management of Economic Systems, №1.
[10] Kudrov, V.M. (2009) World Economy. Yustitsinform, Moscow, 512.
[11] TRIZ: From the Performers—In the Innovators. Website Karyerist.ru.
[12] Rating Subsidized Regions of Russia. Table.Website Tayga.Info. 23.01.2014.
[13] Logunov, V.N. (2012) Efficiency of Production Factors in Economy of the Voronezh Region. Anthology
“Problems of Regional Economy”, V. 44. TSIRE, Center of Research of Regional Economy, Voronezh.
[14] Kolchinskaya, E.E. Using of Production Function as Tool for Formation of Industrial and External Economic Policy of the Region.
[15] In April, the Power Consumption in the Voronezh Region Exceeded Last Year’s Level by 3.2%. Website. ENERGO-S. http://energo-s.org/news_107.html.03.05.2011
[16] Power Utilities of the Leningrad Region Took a Course on Consolidation. Website ASNinfo. Agency of Construction News. http://asninfo.ru/se/article/54902. 10.03.2014

Copyright © 2023 by authors and Scientific Research Publishing Inc.

Creative Commons License

This work and the related PDF file are licensed under a Creative Commons Attribution 4.0 International License.