FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH
Modern development challenges of economic development of Russia in the face of increasing financial constraints determines the need to for the formation of the financial system, designed to create the necessary conditions for sustainable economic dynamics that are updated by the scientific developme...
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| Format: | Article |
| Language: | Russian |
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Government of the Russian Federation, Financial University
2017-10-01
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| Series: | Финансы: теория и практика |
| Subjects: | |
| Online Access: | https://financetp.fa.ru/jour/article/view/254 |
| _version_ | 1797878791388790784 |
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| author | L. L. Igonina |
| author_facet | L. L. Igonina |
| author_sort | L. L. Igonina |
| collection | DOAJ |
| description | Modern development challenges of economic development of Russia in the face of increasing financial constraints determines the need to for the formation of the financial system, designed to create the necessary conditions for sustainable economic dynamics that are updated by the scientific development issues influence the level of financial development on economic growth. The paper generalizes the results of theoretical and empirical research on the financial sector role in the economy. We have shown that due to the co-evolution of finance and economy the financial sector could be both a factor of economic growth, and a source of economic instability. The paper proves a comprehensive approach to the study of financial development, including the allocation of its qualitative and quantitative characteristics. We have analyzed the financial development in Russian economy with the group of indicators that are based on a system of parametric estimates of the World Bank experts and take into account the structural and functional features of the domestic financial system.The results allowed to identify the most significant financial determinants of economic growth and justify the key policy areas of the domestic financial sector. |
| first_indexed | 2024-04-10T02:38:50Z |
| format | Article |
| id | doaj.art-4190591596864a848c8a32b8f5c9093f |
| institution | Directory Open Access Journal |
| issn | 2587-5671 2587-7089 |
| language | Russian |
| last_indexed | 2024-04-10T02:38:50Z |
| publishDate | 2017-10-01 |
| publisher | Government of the Russian Federation, Financial University |
| record_format | Article |
| series | Финансы: теория и практика |
| spelling | doaj.art-4190591596864a848c8a32b8f5c9093f2023-03-13T07:49:25ZrusGovernment of the Russian Federation, Financial UniversityФинансы: теория и практика2587-56712587-70892017-10-0120111112010.26794/2587-5671-2016-20-1-111-120291FINANCIAL DEVELOPMENT AND ECONOMIC GROWTHL. L. Igonina0Финансовый университетModern development challenges of economic development of Russia in the face of increasing financial constraints determines the need to for the formation of the financial system, designed to create the necessary conditions for sustainable economic dynamics that are updated by the scientific development issues influence the level of financial development on economic growth. The paper generalizes the results of theoretical and empirical research on the financial sector role in the economy. We have shown that due to the co-evolution of finance and economy the financial sector could be both a factor of economic growth, and a source of economic instability. The paper proves a comprehensive approach to the study of financial development, including the allocation of its qualitative and quantitative characteristics. We have analyzed the financial development in Russian economy with the group of indicators that are based on a system of parametric estimates of the World Bank experts and take into account the structural and functional features of the domestic financial system.The results allowed to identify the most significant financial determinants of economic growth and justify the key policy areas of the domestic financial sector.https://financetp.fa.ru/jour/article/view/254финансовое развитиеэкономический ростфинансовый секторфинансовая системафинансовые институты и рынки |
| spellingShingle | L. L. Igonina FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH Финансы: теория и практика финансовое развитие экономический рост финансовый сектор финансовая система финансовые институты и рынки |
| title | FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH |
| title_full | FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH |
| title_fullStr | FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH |
| title_full_unstemmed | FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH |
| title_short | FINANCIAL DEVELOPMENT AND ECONOMIC GROWTH |
| title_sort | financial development and economic growth |
| topic | финансовое развитие экономический рост финансовый сектор финансовая система финансовые институты и рынки |
| url | https://financetp.fa.ru/jour/article/view/254 |
| work_keys_str_mv | AT lligonina financialdevelopmentandeconomicgrowth |