1887

OECD Economics Department Working Papers

Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.

The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.

English, French

Improving the Business Climate in Russia

Economic growth is below what would be needed to resume rapid convergence to average OECD living standards. On-going efforts to improve the business climate are laudable, but need to be widened and strengthened. Much progress has been achieved in reducing red tape, but it is only recently that the authorities have visibly become more energetic in fighting corruption. Adverse interactions between politics, business and law enforcement generate obstacles for the rule of law and remain a major risk for potential investors. High entry barriers lead to weak competition. Reducing the role of the state in the economy and WTO membership should be viewed as opportunities to strengthen competition, and hence provide incentives for productivity improvements, which are urgently required to ensure stronger growth in Russia because of a shrinking labour force. This Working Paper relates to the 2013 OECD Economic Survey of the Russian Federation (www.oecd.org/eco/surveys/economic-survey-russian-federation.htm).

English

Keywords: judicial system, administrative burdens, WTO, state-owned enterprises, corporate governance, business climate, competition, corruption, privatisation, FDI, rule of law
JEL: L33: Industrial Organization / Nonprofit Organizations and Public Enterprise / Comparison of Public and Private Enterprises and Nonprofit Institutions; Privatization; Contracting Out; D73: Microeconomics / Analysis of Collective Decision-Making / Bureaucracy; Administrative Processes in Public Organizations; Corruption; L32: Industrial Organization / Nonprofit Organizations and Public Enterprise / Public Enterprises; Public-Private Enterprises; K4: Law and Economics / Legal Procedure, the Legal System, and Illegal Behavior; L4: Industrial Organization / Antitrust Issues and Policies; H11: Public Economics / Structure and Scope of Government / Structure, Scope, and Performance of Government; L5: Industrial Organization / Regulation and Industrial Policy; H5: Public Economics / National Government Expenditures and Related Policies; K2: Law and Economics / Regulation and Business Law; H82: Public Economics / Miscellaneous Issues / Governmental Property; F13: International Economics / Trade / Trade Policy; International Trade Organizations
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