Effective adjustment of regulatory policy in Russia could increase GDP by up to 1.5 to 2.5% a year
Regulatory policy, alongside monetary and budgetary policy, is a key driver of economic growth. Intelligent use of this public governance tool could increase GDP by up to 1.5 to 2.5% a year and also enhance the employment rate, labour productivity, entrepreneurial and innovative activity. This is the conclusion of the authors of the report, titled “Regulatory policy in Russia: key trends and the architecture of the future”, prepared by the Centre for Strategic Development and the Higher School of Economics.
The objective of the report is not only to set out the key problems facing the regulatory environment, but also to draw up proposals for its improvement over the course of 2018–2024. Recommendations for publishing have been compiled allowing for the latest scientific developments and in accordance with best international practices.