General equilibrium model with the entrepreneurial sector for the Russian economy

This paper proposes a general equilibrium model with the entrepreneurial sector for Russian economy. The novelty of lies in several points. First, is small open Second, it includes sector. Third, reflects main features Five experiments were conducted, which steady states and transitions computed. These included: (1) an export price shock, (2) redistribution government consumption between corporate sectors, (3) relaxation collateral requirements, (4) credit rate subsidy entrepreneurs, (5) VAT entrepreneurs. shock results lower output due to higher wages short run, but long run positive effects increased demand assets lead output. Increased goods leads reallocation resources from one. requirements sharp increase investment capital decline number means that they become bigger. sector, then cost subsidies decrease lump-sum transfers, this does not significant change household consumption. introduction value-added tax on one, GDP.