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Дементьева И. О.
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Natalia Akindinova

  • Member of the HSE Academic Council
  • Natalia Akindinova has been at HSE University since 2009.



Finance Academy under the Government of the Russian Federation

Awards and Accomplishments

Winner of the HSE University Best Russian Research Paper Competition – 2022



  • Since 2009 - Director of the HSE 'Centre of Development' Institute
  • Since January 1999 - Expert, Leading Expert, Executive Director of the 'Centre of Development'
  • March 1999 - March 2002 - Expert at the Research and Charity Foundation ‘Expert Institute'
  • August 1998 - February 1999 - Researcher at the Research Department of the Bank of Russia
  • December 1996 - August 1998 - Expert at the Tax Inspection Service, Federal Tax Police Service of Russia

Key Responsibilities

  • Administration of the Centre's activities
  • Organization of its work
  • Coordination of the research, expert and analytical work at the department
  • Preparation of analytical papers on the topics of research

Professional Interests

Macroeconomics, state finance, household finance.

Presentation of the report "Labor productivity and Russian human capital: paradoxes of interrelation?"

On April 14, at the XXII April Conference, a team under the supervision of Vladimir Gimpelson presented their report, prepared as part of the HCMRC (Human Capital Multidisciplinary Research Center) program.The labor force quality indicator from the Russia KLEMS data set made it possible to assess the contribution of labor force quality to labor productivity growth in the Russian economy, and to compare this contribution with similar indicators for former Soviet republics.The research concludes that Russian human capital is not as productive as it could be. The quality of the labor force does not make a tangible contribution to the growth of labor productivity and an acceleration of growth due to the role of human capital will not occur in the next two to three decades.

Prospects for economic recovery in Russia

The 7th issue of “Voprosy Ekonomiki”  (Questions of Economics) contains the speeches of the participants of “Long-term economic growth in Russia: prospects for recovery” round table, which took place on April 12 as part of the “April XXI” conference. The publication includes materials by Natalia Akindinova, Marek. Dabrovski, Alexandr Shirov, Dmitry Belousov, Ilya Voskoboynikov and Evsey Gurvich.

Long-term economic growth in Russia: prospects for recovery

On May 12 the roundtable was held, chaired by Evsey Gurvich, head of the Economic Expert Group. Topical issues of economic growth were discussed, including prospects after the coronavirus pandemic and forecasts for the short-term and long-term growth rates of the Russian economy. The current budget policy, the experience of recovery after the crises of 1998 and 2008, and sectoral growth drivers, in particular, were considered.

‘Economic Innovation Is Impossible without the Right to Fail’

The first plenary session of the HSE XX April International Academic Conference continued with a discussion on the sources of economic growth, budgetary policy priorities, as well as investment in infrastructure and human capital. Experts from HSE joined other participants to speak on these issues.

Golden HSE 2018 Winners Announced

The winners are 16 staff members in seven ‘golden’ categories and 21 students in the ‘Silver Nestling’ category.  The winners of the ‘Golden Citation’, which is awarded to the most cited HSE scholar, have also been announced. The awards ceremony was held on November 27, on the HSE's birthday.

‘Russia’s Economy Has Almost Exhausted Its Opportunities for Catch-Up Growth’

What is happening in the Russian economy, how can its growth be boosted, and why can it no longer develop through inertia? These were the issues discussed at the plenary session ‘Prospects for the Russian economy’ that took place as part of the XIX April HSE International Academic Conference.

‘HSE Offers Solutions Aimed at the Future…’

On November 27, the HSE Academic Council held an awards ceremony dedicated to the university’s 25th anniversary. The meeting saw the participation of representatives of the Russian President, members of government, and members of the Russian Federal Assembly. Governmental awards were given to a number of HSE employees for their tremendous accomplishments.

Laureates of Golden HSE 2016

On December 20, 2016, the ZIL Cultural Centre hosted this year’s Golden HSE awards ceremony. This year saw several significant changes to the award rules: new nominations have appeared, many of them were divided into categories for different groups of employees — all to help ensure HSE was able to express its gratitude to a larger number of worthy candidates.

'Normal Is Not Ridiculous': Most Interesting Reports Presented at the HSE's XVII April International Academic Conference

A total of 900 papers were presented at the HSE's XVII April Conference in Moscow. We consider the following selection to be must-reads.

Evgeny Yasin Turns 82

On May 7th, the Academic Supervisor of the Higher School of Economics, Evgeny Yasin, celebrated his 82nd birthday.

'We'll Have to Struggle for Even 1.5%-2.5% Growth'

At the latest plenary session of the XVII April International Academic Conference, participants discussed a thought-provoking new paper called The Russian Economy Before the Long Transitionby Natalia Akindinova, Yaroslav Kuzminov, and Evgeny Yasin of the Higher School of Economics.

'Our University Is Growing Together with the April Conference'

April 19th marks the official start of the XVII April International Academic Conference on Economic and Social Development. Below, HSE Academic Supervisor Evgeny Yasin, who is also the Chairman of the Conference’s Programme Committee, discusses what participants can expect from this year’s conference.  

Workshop devoted to development of a draft Strategy for the Socio-Economic Development of Tyumen Region until 2030

Director of the “Development Centre” Institute Natalya Akindinova and IPAG Director Andrey Klimenko presented the region's development strategy until 2030 to heads of divisions of the Tyumen Region administration and group heads.

Russian Economy May Face Mobilisation

The current crisis in Russia is different from all others in its heightened uncertainty and unpredictable consequences, and recent events are comparable to the transformative crisis that occurred in Russia in the 1990s, the Director of the Centre of Development Institute, Natalia Akindinova, and HSE Academic Supervisor Evgeny Yasin said in their paper ‘A New Stage of Economic Development in Post-Soviet Russia.’ The researchers propose four possible scenarios for how the Russian economy might change, the most probable of which, they posit, is a so-called ‘mobilisation scenario.’

Top 16 Most Interesting Reports Presented at the HSE's XVI April International Academic Conference

Social policy challenges and losses; Russians are not Europeans; Why parents in Moscow hate the USE; Defence attorneys' strategies in dealing with law enforcement agencies; Migrants in Moscow: myths and reality; Why switching to 'effective contracts' for school teachers does not work—these were among the most interesting papers from the HSE's XV April Conference, according to Opec.ru.

The Crisis Is Forcing Us to Seek New Answers to Old Questions

On 7-10th April 2015 the HSE, supported by the World Bank will be holding the XVI April International Conference on Economic and Social Development. Top political scientists, sociologists and economists, government officials and businessmen will discuss the burning issues we are facing today; should we take the path of international integration, how can we resolve the current economic crisis and where should we look for new drivers of economic growth? Andrei Yakovlev and Fuad Aleskerov told the HSE news website about what novelties and special events the conference has in store.

Sales tax to speed up inflation and slow down economy

Implementing a sales tax will not help the regional budgets. The excessive tax burden will drive business into the ‘shadows’ and raise the price of goods and services. In addition, retailers will see turnover fall, reducing profits and investment activity. This forecast was included in ‘Macroeconomic Analysis of the Impact of Changes in the Tax Rate on the State Budget and Market Participants’ by the Director of HSE’s Centre of Development Institute Natalia Akindinova

23 Academics from HSE Appointed to the Government Expert Council

The new makeup of the Expert Council to the Russian government has been confirmed. It includes 366 members, 23 of whom are HSE staff.

Russian food embargo to hit business and society

In the coming months, Russia’s embargo on food from western countries could result in decreased consumption for the low-income groups of society and a drop in the quality of the consumer basket for mid- and high-income groups, experts from HSE’s Centre of Development said in the latest issue of Comments on State and Business

Countries with Transitional Economies are Abandoning Political Reform

On December 12, 2013, the European Bank of Reconstruction and Development (EBRD) presented its report ‘Stuck in Transition?’ at the HSE. The report focuses on post-Soviet and post-socialist countries.

HSE Academic Supervisor, Professor Evgeniy Yasin, opened the XIV HSE April International Academic Conference on Economic and Social Development.

The XIV HSE April International Academic Conference on Economic and Social Development started in Moscow on April 2, 2013. HSE Academic Supervisor Evgeniy Yasin addressed the first plenary session on the Global Economic Crisis and the Russian Economy.

The Capital’s Open Budget: Initiation and Prospects

A round table was held on 1 June at the Higher School of Economics, devoted to Moscow’s Open Budget. Officials, experts and representatives of public organisations all gathered to discuss problems of information openness.
Opening the round table, director of the HSE’s Institute for Public and Municipal Management Andrey KLIMENKO remarked that, in economic terms, the budget performs a critical information function and market agents can and should make rational decisions, relying on budget data. If they do not have enough of this information, they will find it hard to determine their policy and the way they should conduct themselves on the market, especially when making long-term or medium-term plans. In this respect, an open budget is important because it reflects the key parameters and the key preferences of the authorities and business may ‘tune its conduct in line with the expenditure outlines that the government specifies for itself.’