Abstract
The transition of the Russian economy to grow in 1998 and studied the transition to slower growth in 2008–2009. Based on catastrophe theory shows that in 1998 and in 2008–2009 Russia’s economy was turning point in its development. After passing the turning point of 2008–2009 economy entered a period of sustainable growth retardation. Slower growth rates do not exceed the rate of growth of the world economy. The transition to slower growth generated by the policy, as reflected in federal law enacted in 2005–2011. Built econometric models, reflecting the negative impact of imperfect institution of ownership on the productivity of the economy and corporate profits, found arisen with institutional trap.
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