Outcome Analysis of Russian Economic Policy in the Post-Soviet Period Regarding the GDP Dynamics
Vasily Z. Margiev
Graduate student, North-Caucasian Mining and Metallurgical Institute (State University of Technology), Vladikavkaz, Russian Federation. E-mail:v.margiev@gmail.com
The article examines the GDP dynamics in foreign countries and compares Russian economic achievements to developed and developing economies. The article illustrates the role of inflation and production accretion in the increase in productivity and employment that results in GDP increase. The article explores such concepts as increasing and decreasing outcome that characterize the efficiency of resource-based and high-technology sectors of economy.