ECONOMIC GROWTH IN RUSSIA: POTENTIAL LEVEL AND LIMITATIONS
Objective: comprehensive analysis of the causes of the observed slowdown of the Russian economy from the standpoint of internal growth factors - expansion of production capacity of the economic system and changes in purchasing power of the population. Methods: statistical, abstract-logical, method o...
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| Format: | Article |
| Language: | English |
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Tatar Educational Center “Taglimat” Ltd.
2013-12-01
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| Series: | Russian Journal of Economics and Law |
| Subjects: | |
| Online Access: | https://www.rusjel.ru/jour/article/view/1475 |
| _version_ | 1797255998886379520 |
|---|---|
| author | S. N. Gusev |
| author_facet | S. N. Gusev |
| author_sort | S. N. Gusev |
| collection | DOAJ |
| description | Objective: comprehensive analysis of the causes of the observed slowdown of the Russian economy from the standpoint of internal growth factors - expansion of production capacity of the economic system and changes in purchasing power of the population. Methods: statistical, abstract-logical, method of calculations. Results: it is found that the "damping" rate of increase in gross domestic product in the domestic economy generally correspond to the potential level, set by the current intensity of the process of capital accumulation and the increasing dynamics of the households welfare. The assumption is formulated and justified that if the current reproduction trends continue to exist, the risk will increase for Russia to lag (on several key parameters of social and economic development) not only behind countries with mature market or rapidly growing economies , but also behind some of the former USSR republics. Scientific novelty: it is found that the existing models of investment activity and increase in population income (with such basic features as active migration of private capital to the foreign centres of profit accumulation; large share of state and quasi-state investments in the structure of national accumulation; deficit of internal sources of the cheap “long” money, and the extreme inequality in distribution of personal wealth) has no prerquisits for the Russian economy transitiion to the higher and more stable growth trajectory. Practical value: possible revision of conceptual frameworks, principles and directions of economic dynamics stimulation based on the full participation of national savings in investment turnover and overcoming excessive differentiation of the population by income level. |
| first_indexed | 2024-03-08T23:16:21Z |
| format | Article |
| id | doaj.art-5973c7ba28424b769347233ffa1b9422 |
| institution | Directory Open Access Journal |
| issn | 2782-2923 |
| language | English |
| last_indexed | 2024-04-24T22:14:46Z |
| publishDate | 2013-12-01 |
| publisher | Tatar Educational Center “Taglimat” Ltd. |
| record_format | Article |
| series | Russian Journal of Economics and Law |
| spelling | doaj.art-5973c7ba28424b769347233ffa1b94222024-03-20T08:16:46ZengTatar Educational Center “Taglimat” Ltd.Russian Journal of Economics and Law2782-29232013-12-01041301371473ECONOMIC GROWTH IN RUSSIA: POTENTIAL LEVEL AND LIMITATIONSS. N. Gusev0Kazan (Volga region) Federal UniversityObjective: comprehensive analysis of the causes of the observed slowdown of the Russian economy from the standpoint of internal growth factors - expansion of production capacity of the economic system and changes in purchasing power of the population. Methods: statistical, abstract-logical, method of calculations. Results: it is found that the "damping" rate of increase in gross domestic product in the domestic economy generally correspond to the potential level, set by the current intensity of the process of capital accumulation and the increasing dynamics of the households welfare. The assumption is formulated and justified that if the current reproduction trends continue to exist, the risk will increase for Russia to lag (on several key parameters of social and economic development) not only behind countries with mature market or rapidly growing economies , but also behind some of the former USSR republics. Scientific novelty: it is found that the existing models of investment activity and increase in population income (with such basic features as active migration of private capital to the foreign centres of profit accumulation; large share of state and quasi-state investments in the structure of national accumulation; deficit of internal sources of the cheap “long” money, and the extreme inequality in distribution of personal wealth) has no prerquisits for the Russian economy transitiion to the higher and more stable growth trajectory. Practical value: possible revision of conceptual frameworks, principles and directions of economic dynamics stimulation based on the full participation of national savings in investment turnover and overcoming excessive differentiation of the population by income level.https://www.rusjel.ru/jour/article/view/1475economic growthproduction capabilitiesinvestment activitiescapital investmentsinvestment climateconsumer and corporate lendinghousehold incomepurchasing capacity of the populationinequality |
| spellingShingle | S. N. Gusev ECONOMIC GROWTH IN RUSSIA: POTENTIAL LEVEL AND LIMITATIONS Russian Journal of Economics and Law economic growth production capabilities investment activities capital investments investment climate consumer and corporate lending household income purchasing capacity of the population inequality |
| title | ECONOMIC GROWTH IN RUSSIA: POTENTIAL LEVEL AND LIMITATIONS |
| title_full | ECONOMIC GROWTH IN RUSSIA: POTENTIAL LEVEL AND LIMITATIONS |
| title_fullStr | ECONOMIC GROWTH IN RUSSIA: POTENTIAL LEVEL AND LIMITATIONS |
| title_full_unstemmed | ECONOMIC GROWTH IN RUSSIA: POTENTIAL LEVEL AND LIMITATIONS |
| title_short | ECONOMIC GROWTH IN RUSSIA: POTENTIAL LEVEL AND LIMITATIONS |
| title_sort | economic growth in russia potential level and limitations |
| topic | economic growth production capabilities investment activities capital investments investment climate consumer and corporate lending household income purchasing capacity of the population inequality |
| url | https://www.rusjel.ru/jour/article/view/1475 |
| work_keys_str_mv | AT sngusev economicgrowthinrussiapotentiallevelandlimitations |