Wednesday 31 October 2018

Physical and human capital rather than military spending key for economic growth in Russia

(Pensoft Publishers) Investment in education, healthcare, sports, road infrastructure and transportation, rather than national defense and, to a lesser extent, national security and law enforcement, is what drives economic growth rates upwards in Russia, suggests a recent analysis of government expenditure data gathered between 2002 and 2016. The empirical study, conducted by Dr Alexey Kudrin and Dr Alexander Knobel, was published in the open-access journal Russian Journal of Economics.

from EurekAlert! - Social and Behavioral Science https://ift.tt/2ziFDpy

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