Alexander Auza: Human potential, institutions, and cultural values are more controllable economic growth factors than classical ones, says Moscow State University dean in Radio RBC interview.

Human potential, institutions, and cultural values and behavioral norms are three factors of economic growth that are more controllable than classical ones, said Alexander Auza, dean of the economic faculty of Moscow State University, in an interview with Radio RBC. These new factors are part of the 'Solow residual' in the Solow model, which traditionally includes capital, labor, and technology as the main factors of economic growth. Auza noted that in 2026, 'we do not have real access to global capital markets' because markets in Arab countries and East Asia are more complex and closed compared to Western markets that Russia has worked with for decades.