Preview

Vestnik of the Plekhanov Russian University of Economics

Advanced search

SOURCES OF FINANCING RUSSIAN ECONOMY GROWTH

https://doi.org/10.21686/2413-2829-2017-1-72-80

Abstract

The article identifies key sources of shaping investment potential of the economic system, which can activate corresponding multiplier: non-distributed profit, investment of consolidated budget, resources of credit system and stock exchange, household savings. The authors show positive dynamics of resource volume changes, which are available for economic growth financing in Russia, in 2012-2015 that stands in negative correlation with GDP changes during the mentioned period. The article identifies and analyzes factors preventing from getting the necessary effect from the given sources. The authors put forward the optimization model identifying conditions of maximizing finance resources of developing the economic system to attain GDP growth.

About the Authors

Vladimir A. Slepov
Plekhanov Russian University of Economics
Russian Federation

Doctor of Economics, Professor, Head of the Department for Finances and Prices of the PRUE

36 Stremyanny Lane, Moscow, 117997, Russian Federation



Vladimir K. Burlachkov
Plekhanov Russian University of Economics
Russian Federation

Doctor of Economics, Professor of the Department for Finances and Prices of the PRUE

36 Stremyanny Lane, Moscow, 117997, Russian Federation



References

1. Akhmadeev R. G., Kosov M. E. Nalogi na konechnoe potreblenie v stranakh OESR i Rossii [Taxes on the Final Consumption in the OECD Countries and Russia]. Finansy i kredit [Finances and Credit], 2015, No. 44 (668), pp. 51–62. (In Russ.).

2. Baronovskiy S. A. Metodologicheskiy podkhod k otsenke effektivnosti mekhanizma formirovaniya antikrizisnogo federal'nogo byudzheta Rossii [The Methodological Approach to Assess the Effectiveness of the Mechanism of Anti-Crisis Russia's Federal Budget Formation]. Finansovaya analitika: problemy i resheniya [Financial Analysis: Problems and Solutions], 2016, No. 17 (299), pp. 42–53. (In Russ.).

3. Volkov I. I. Byudzhetnoe manevrirovanie kak instrument byudzhetnoy politiki Rossii [Budgetary Maneuvering as an Instrument of Russian Fiscal Policy]. Finansy i kredit [Finances and Credit], 2016, No. 21 (693), pp. 51–60. (In Russ.).

4. Volkov I. I. Vzaimodeystvie denezhno-kreditnoy i byudzhetnoy politiki: teoreticheskie i prakticheskie aspekty [The Interaction between Monetary and Fiscal Policies: Theory and Practice]. Finansy i kredit [Finances and Credit], 2013, No. 27 (555), pp. 59–63. (In Russ.).

5. Ekshembiev R. S. Tsiklichnost' razvitiya ekonomiki i personal'nykh finansov [Cyclical Development of Economic System and Personal Finances]. Finansy i kredit [Finances and Credit], 2006, No. 18 (354), pp. 46–51. (In Russ.).

6. Ivolgina N. V., Stepanova D. I. Venchurnoe finansirovanie kak instrument finansirovaniya v novye idei i nauchno-tekhnicheskie dostizheniya [Venture Financing as a Tool to Finance New Ideas and Technological Achievements]. Biznes v zakone. Ekonomiko-yuridicheskiy zhurnal [Business in Law. Economic and Low Journal], 2015, No. 6, pp. 211–214. (In Russ.).

7. Slepov V. A., Chalova A. Yu., Baronovskiy S. A. Federal'nyy byudzhet 2016 g. kak otrazhenie ekonomicheskoy politiki gosudarstva: dreyf ili razvitie? [Federal Budget 2016 as an Indicator of State Economic Policy: Drift or Development?]. Vestnik Rossiyskogo ekonomicheskogo universiteta imeni G. V. Plekhanova [Vestnik of the Plekhanov Russian University of Economics], 2016, No. 1 (85), pp. 17–26. (In Russ.).

8. Auerbach A., Gorodnichenko Y. Fiscal Multipliers in Recession and Expansion. NBER Working Paper, 2011, No. 17447.


Review

For citations:


Slepov V.A., Burlachkov V.K. SOURCES OF FINANCING RUSSIAN ECONOMY GROWTH. Vestnik of the Plekhanov Russian University of Economics. 2017;(1):72-80. (In Russ.) https://doi.org/10.21686/2413-2829-2017-1-72-80

Views: 539


Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.


ISSN 2413-2829 (Print)
ISSN 2587-9251 (Online)