Rent Regulation of Russia’s Economy as a Condition for Achieving Global Leadership

Abstract

The paper discusses the basic problems of the Russian economy, including: a high level and further growth of monopolization in response to external challenges, maintenance of a considerable level of differentiation between regions, the rent-primary model of the national economy, speculative nature of economic relations, determining the "catching up" development of the economy. The paper substantiates the conditions necessary for achieving stability of production relations in the economic system on the basis of the analysis and synthesis of the systems theory, stability theory, and neo-classical and institutional approaches to the essence of rent as additional super-profit above normal profit from any production factor. Conceptual approaches are suggested for gaging the stability of economic relations based on calculating the comparative attractiveness of investments in various sectors of the economy using a modified Sharpe ratio. Methodological grounds are substantiated for building a paradigm of rent-based state regulation of the RF economy as a key condition for achieving leadership in the world economy.