Russias Defence Industry - An Engine for Economic Growth? 2017

Within a decade, starting from 2011 Russia is planning to spend roughly one and a half federal budget (22,000 billion roubles) on modernization of the country's military-industrial complex and a full-scale rearmament of the Armed Forces. The investments are supposed to improve both Russia's military capabilities, and Russia's economic performance. The main aim of the project was to investigate the potential effects on the overall Russian economy of the large defence outlays – in particular the ongoing rearmament program. The main finding was that while those who have rejected almost any positive effects on the overall economy of the high defence spending have been too dismissive, there is little to suggest that the defence industry will become a locomotive for the economy in the ways suggested by Russian officials. Data on the Russian population attitudes towards defense spending were collected, in addition to data on the Russian defense industry's production capacity and export of military equipment.

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