WHAT IS NECESSARY TO IMPROVE THE LEVEL OF ECONOMIC DEVELOPMENT OF RUSSIA?
The Russian Federation is the largest country in the world by area and has, in this regard, the richest resource potential. However, despite this reality, it cannot be seen in the group of economically developed countries. What should the authorities do to eliminate this shortcoming? The purpose of this study is to find an answer to this question, the object of which is the factors that do not allow our country to gain membership in this group, and the subject is the cause-and - effect relationships between them. Considering the opinions of various economists devoted to this problem, and checking them with the help of such a reliable statistical method as regression analysis, the author managed to prove the validity of V. V. Putin’s words that «without fighting corruption, no progress in the economy is impossible, it will not be», expressed by him a month before the start of the first presidential term. According to the conclusions obtained by the author of this study, the effect of the anti-corruption policy carried out in our country should be expressed in an annual increase in the corruption prevention index by at least 2-3 points. In this case, all other things being equal, there will be a noticeable decrease in the share of the shadow sector in GDP, which will significantly improve the state of the investment climate, and therefore, eradicate the growing popularity in Russian organizations of the operation of completely worn-out machines and equipment, which is one of the main reasons for the stagnation of the domestic economy, which has not allowed it to develop for 8 years.