Economic growth in Belarus: what lies beneath the stylized facts

  • Dzmitry E. Kruk Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus; Belarusian Economic Research and Outreach Center, 11-B Haziety «Pravda» Avenue, Minsk 220016, Belarus

Abstract

This article deals with the assessment of long-run growth environment in Belarus. The paper provides evidence and stylized facts about Belarusian growth. It shows that Belarusian long-run growth rate in 1997–2016 was rather high, but experienced unsustainability. Estimates and indicators presented in the study witness that the unsustainability stems from the lack of productivity fundamentals. A number of recommendations on growth enhancing policy has been formulated in the study, which would allow strengthening growth potential in Belarus.

Author Biography

Dzmitry E. Kruk, Belarusian State University, 4 Niezaliežnasci Avenue, Minsk 220030, Belarus; Belarusian Economic Research and Outreach Center, 11-B Haziety «Pravda» Avenue, Minsk 220016, Belarus

senior lecturer at the department of corporate finance, faculty of economics, Belarusian State University; senior researcher,  Belarusian Economic Research and Outreach Center

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Published
2018-10-24
Keywords: economic growth, Belarus, total factor productivity, (dis)embodied technological progress
How to Cite
Kruk, D. E. (2018). Economic growth in Belarus: what lies beneath the stylized facts. Journal of the Belarusian State University. Economics, 1, 132-144. Retrieved from https://journals.bsu.by/index.php/economy/article/view/2245
Issue
No 1 (2018): Journal of the Belarusian State University. Economics
Section
O. Economic Development, Innovation, Technological Change, and Growth

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