Mastering the metropolis through research and thought leadership.
Working Papers

The Russian Investment Environment

Working paper #583
David Skinner

Russia’s economy has benefited from high international commodity prices over the past few years. The medium-term economic outlook appears robust and the reserves generated from oil and gas revenues should offer a partial solution to some of Russia’s severe structural problems. Russia’s population is decreasing and will likely fall by 6 percent in urban areas in the next twenty-five years versus a rural decline of 30 percent. However, the prognosis for Moscow and St. Petersburg, whose populations will likely rise in the next ten years, is much more positive. There have been deregulation and a reduction of administrative barriers to business in Russia. Positive changes have also taken place in some institutions enforcing corporate governance laws, but progress has been slow, and the enforcement of contracts and property rights has been uneven. Bureaucratic corruption appears to have risen in recent years. Nevertheless, there has been a significant improvement in the investment environment over the past few years, as evidenced by an improvement in sovereign ratings.

Download full paper · 1MB PDF

In This Section
Explore Topics

1010 Affordable Housing Amazon Amenitization Architecture Artificial Intelligence Asia Australia automation Autonomous Vehicles Borrowing Constraints Brexit California Canada Capital Business China Co-Working Environment coastal markets Colombia Commercial Brokerage Commercial Real Estate commissions Congestion consumer bias covid-19 CRE credit card market Credit Default Swaps Credit Insurance Credit Risk Transfers Culture Data Analytics Data Collection Technology Debt Market Demand Demographics Density Development Discrete Choice disruption Diversity drones e-Commerce Economic Corridors economic policy economics Equity Funds Equity Market Ethnic Factors Europe Fannie Mae financial asset management Foreclosures Foreign Policy France Freddie Mac general equilibrium Global Global Financial Crisis Globalization great depression Great Recession Hedonic Housing & Residential housing boom Housing Disease housing prices Housing Supply Identity Income Inequality India Inter-generational mobility Investing jobs labor market Lagging Regions land use regulation Language Macroeconomics malls Market Pricing megacities Microeconomics Migration Minimum Payments Mixed-Use Mobility moral hazard mortgage insurance mortgage market Mortgage Rates Mortgages Multi-family Nation Building Non-Traditional Mortgages Office Market office sector Placed Based Policies Political Risk Price Discovery Private Equity Business public health Public Schools real estate brokerage Real Estate Investment Real Estate Investment Trusts Recession Rental Retail Retirement reverse mortgages Risk Adjustment risk-shifting robotics single family housing Slums Sorting South America Spatial Regions spillover effect Sub-Prime Mortgages Sustainability Technology trade transportation United States Urban Urbanization Warehouse welfare