Business activity as a factor of economic growth (valuation models and financial instruments)

2015 ◽  
Author(s):  
G. I. Khotinskaya ◽  
V. A. Dresvyannikov ◽  
Ye. A. Kameneva ◽  
O. V. Loseva ◽  
G. I. Khotinskaya ◽  
...  
Keyword(s):  
Economic Growth ◽  
Business Activity ◽  
Financial Instruments

Oil, Rates and Inflation

2005 ◽  
pp. 4-20
Author(s):  
E. Yasin
Keyword(s):  
Economic Growth ◽  
Money Supply ◽  
Raw Materials ◽  
Gdp Growth ◽  
Business Activity ◽  
Demand For Money ◽  
Percentage Points

Currency inflow in Russia from raw materials exports allows taking into account high business activity to assimilate growing money supply transforming it into economic growth. Fall in business activity as a result of pressure on business led to saturation of demand for money. This considerably increases the danger of inflation growth and requires sterilization of excess money supply including the usage of the Stabilization Fund. According to the author's estimates, corresponding losses in GDP growth will equal 1-2 percentage points per year.

Reducing the Risks of the Financial Sector to Ensure Sustainable Growth of the Russian Еconomy

2019 ◽  
Vol 12 (3) ◽  
pp. 86-92
Author(s):  
T. I. Minina ◽  
V. V. Skalkin
Keyword(s):  
Economic Growth ◽  
Monetary Policy ◽  
Financial Sector ◽  
Developed Countries ◽  
Sustainable Growth ◽  
Necessary Condition ◽  
Real Sector ◽  
Financial Instruments ◽  
The Real ◽  
The Impact

Russia’s entry into the top five economies of the world depends, among other things, on the development of the financial sector, being a necessary condition for the economic growth of a developed macroeconomic and macro-financial system. The financial sector represents a system of relationships for the effective collection and distribution of economic resources, their deployment according to public demand, reducing the risk of overproduction and overheating of the economy.Therefore, the subject of the research is the financial sector of the Russian economy.The purpose of the research was to formulate an approach to alleviating the risks of increasing financial costs in the real sector of the economy by reducing the impact of endogenous risks expressed as financial asset “bubbles” using the experience of developed countries in the monetary policy.The paper analyzes a macroeconomic model applied to the financial sector. It is established that the economic growth is determined by the growth and, more important, the qualitative development of the financial sector, which leads to two phenomena: overproduction in the real sector and an increase in asset prices in the financial sector, with a debt load in both the real and financial sectors. This results in decreasing the interest rate of the mega-regulator to near-zero values. In this case, since the mechanisms of the conventional monetary policy do not work, the unconventional monetary policy is used when the mega-regulator buys out derivative financial instruments from systemically important institutions. As a conclusion, given deflationally low rates, it is proposed that the megaregulator should issue its own derivative financial instruments and place them in the financial market.

ECONOMIC GROWTH: INSTITUTIONAL APPROACHES AND FINANCIAL INSTRUMENTS

2021 ◽  
pp. 14-23
Author(s):  
Yury Viktorovich Korechkov ◽  
Vladimir Viktorovich Velikorossov ◽  
Igor Nikolaevich Yakshilov
Keyword(s):  
Economic Growth ◽  
Financial Instruments

scholarly journals THE ANALYSIS OF FINANCIAL AND NON-FINANCIAL SUPPORT TO THE SECTOR OF SMALL AND MEDIUM ENTERPRISES IN THE REPUBLIC OF SRPSKA

2015 ◽  
Vol 1 (10) ◽  
pp. 89
Author(s):  
Boban Sašić
Keyword(s):  
Financial Support ◽  
Growth And Development ◽  
Quantitative Research ◽  
Small And Medium Enterprises ◽  
Research Problem ◽  
Business Activity ◽  
Financial Instruments ◽  
Business Climate ◽  
The Republic ◽  
Medium Enterprises

The aim of this paper is to analize the role and importance of financial and non-financial instruments of supporting the sector of small and medium enterprises (SMEs) in the Republic of Srpska (RS). For that purpose, in late 2013 and early 2014, there was conducted a quantitative research on a sample of 110 respondents on the whole territory of RS, with the aim of finding the answers to the following question: What is the reason that a large number of SMEs in RS fail to provide adequate financial and non-financial support to their business activity and what measures should be taken in order to improve the current situation? In order to specify the research problem, we ask ourselves if the existing instruments of financial and non-financial support to the sector of SMEs in the RS are sufficiently developed and accessible, as to contribute to the successful growth and development of the said enterprises? We found that the above mentioned instruments of support to the SME sector in RS are not sufficiently developed. Respondents were acquainted with the sole instruments and models of financial and non-financial support that exist in RS. According to the results of the empirical research, we conclude that creating and mastering the models and instruments of financial and non-financial support to SME sector in the RS and providing the adequate business climate for their successful functioning, will increase the availability of favourable financial means for SMEs, as well as the possibility of using the positive aspects of clusters, guarantee funds, factorings and other forms of entrepreneurship infrastructure.

On the Factors of Demand for Economic Growth

2018 ◽  
pp. 4-14
Author(s):  
Ольга Николайчук ◽  
Olga Nikolaychuk ◽  
А. Волкова ◽  
A. Volkova ◽  
В. Шарова ◽  
...  
Keyword(s):  
Economic Growth ◽  
Durable Goods ◽  
Aggregate Demand ◽  
External Debt ◽  
Economic Security ◽  
The State ◽  
Business Activity ◽  
Consumer Spending ◽  
Domestic Debt ◽  
Investment Goods

To analyze the problems of economic growth in Russia, the factors of demand that affect economic growth are chosen: the volumes and dynamics of consumer spending, tax instruments and debt indicators in Russia and in recent years. Changes in the population’s expenses for the purchase of goods and services, the purchase of investment goods-real estate, as well as the use of credit sources to replenish the current and investment costs of citizens are analyzed. The main indicators are given in current prices and are recounted by the authors, for greater reliability of the findings, in prices at the beginning of 2015. The reasons for the formation of external and internal debt are revealed. It is noted thatthe external debt in recent years has grown through borrowing in external financial markets through the placement of government securities, as well as an increase in the volume of state guarantees. The thesis was confirmed that in macroeconomics only in the long run the influence of the change in the state debt on consumption is traced. It is especiallyemphasized that the state external debt burdens the national economy of the country, reduces aggregate demand, slows economic growth and, ultimately, leads to a decline in GDP. The state, having placed its stake on domestic debt, has increased the share of state guarantees by 4 times over the past 8 years and brought domestic debt to the limit, which has affected not only the fiscal and fiscal policies of the state, but it can negatively affect Russia’s economic security. In general, amid the downturn in business activity in Russia in recent years, the increase in public debt has led to a reduction in the consumption of durable goods and investment goods. Thus, based on the analysis of the dynamics of consumer spending of Russians, debt and tax policy, it was concluded that the pace of business activity and the need for government intervention in regulating the processes covered in the article, especially in the context of the crisis, were reduced.

scholarly journals FISCAL POLICY OF RUSSIA IN THE PERIOD OF ECONOMIC GROWTH SLOWDOWN AND THE RESULTS OF 2018

Federalism ◽  
2019 ◽  
pp. 86-99 ◽  
Author(s):  
I. S. Bukina
Keyword(s):  
Economic Growth ◽  
Fiscal Policy ◽  
Government Spending ◽  
The State ◽  
Business Activity ◽  
Government Budget ◽  
Social Sphere

Traditionally, one of the objectives of fiscal policy is smoothing the effects of fluctuations in business activity. In this connection, in the periods of recession, there should be a stimulating policy, and in the periods of recovery – restraining policy. Fiscal policy in Russia, as it’s shown in the article, is primarily procyclical. During the 2015 recession, according to the  calculations using multipliers, government spending contributed to the reduction of GDP rather than to the support of its growth. Later, despite a significant increase in the revenues of the expanded government budget and the shift in priorities from defense and security financing to social sphere, the effect of the increase in budget expenditures turned out to be negative. The article also discusses the state of the budget sphere following the results of 2018, which showed the restoration of economic growth.

Business Activity and Economic Growth: An Economic and Statistical Study

2020 ◽  
Vol 27 (6) ◽  
pp. 66-78
Author(s):  
A. A. Frenkel ◽  
B. I. Tikhomirov ◽  
Y. V. Sergienko ◽  
A. A. Surkov
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Activity Index ◽  
Objective Assessment ◽  
Accurate Determination ◽  
Business Activity ◽  
Economic Activities ◽  
Goods And Services ◽  
Socio Economic Development ◽  
The Impact

This publication reflects the results of the author’s research on improving the domestic statistical and methodological tools used in the analysis and forecasting of the Russian economy. In this regard, the main features of the formation and application of the Business Activity Index for basic spheres of the economy of the Institute of Economics of the Russian Academy of Sciences (hereinafter, the index of business activity) are shown and substantiations of its individual advantages are given in comparison with the index of output of goods and services for the basic types of economic activities of Rosstat (hereinafter, the release of goods and services). The authors provide evidence that despite a number of positive qualities of the applied methodology for constructing the index of output of goods and services, the business activity index, according to the authors of the article, provides a more objective assessment of macroeconomic dynamics, since it includes additional indicators reflecting financial and social aspects of economic development. It is proved that the main advantages of the business activity index are manifested in a more accurate determination of the depth of crisis phenomena in socio-economic development, as well as in determining the timing of the onset and overcoming of these negative processes. The characteristics of the macroeconomic indicators that make up the business activity index are given. Methods for calculating the weights of indicators characterizing the level of business activity in various spheres of the national economy, as well as methods for determining changes in this level are considered. Changes in the dynamics of these weights are analyzed. Ways of more efficient use of business activity indices in the practice of accounting, forecasting and management of socio-economic development are proposed. The conclusion is substantiated that it is advisable to use the business activity index for macroeconomic analysis, forecasting and strategic planning, which will make it possible to more accurately assess the impact of the implementation of national projects and the social package of the message of the President of the Russian Federation on economic growth and increase the efficiency of using business activity tools in the practice of public administration of social economic development of the country.

Activation of small business activity as a necessary condition for regional development

2020 ◽  
pp. 144-160
Author(s):  
Т.В. Секачева
Keyword(s):  
Economic Growth ◽  
Small Business ◽  
Russian Federation ◽  
Small Businesses ◽  
New Products ◽  
Competitive Environment ◽  
Necessary Condition ◽  
Business Activity ◽  
The Russian Federation ◽  
Strategic Project

На сегодняшний день экономический рост в Российской Федерации во многом зависит от развития малого бизнеса. Эта новаторская деятельность считается важным стратегическим проектом, направленным на: внедрение новых продуктов и продвижение их на новые рынки; повышение эффективности рыночной системы; поддержание оптимальной конкурентной среды; создание и предоставление дополнительных рабочих мест; повышение потребительского спроса. Однако, в сложившихся условиях, малые предприятия сталкиваются с серьезными проблемами, решить которые можно только объединив усилия органов власти и местного самоуправления. Анализ основных показателей деятельности малого предпринимательства в масштабах всей страны и регионов в частности, поможет понять причины проблем, позволит активизировать деятельность субъектов малого бизнеса и реализовать их предпринимательский потенциал. Today, economic growth in the Russian Federation largely depends on the development of small businesses. This innovative activity is considered an important strategic project aimed at: introducing new products and promoting them to new markets; improving the efficiency of the market system; maintaining an optimal competitive environment; creating and providing additional jobs; and increasing consumer demand. However, in the current conditions, small businesses face serious problems that can only be solved by combining the efforts of government and local government. Analysis of the main indicators of small business activity throughout the country and regions in particular will help to understand the causes of problems, will allow to activate the activities of small businesses and realize their entrepreneurial potential.

scholarly journals The performance of Libyan stock market

2012 ◽  
Vol 60 (7) ◽  
pp. 27-38
Author(s):  
Atiya Aljbiri
Keyword(s):  
Economic Growth ◽  
Stock Market ◽  
Comparative Method ◽  
Market Size ◽  
Financial Indicators ◽  
Financial Instruments ◽  
Short Time ◽  
Limited Choice ◽  
Made In

The objective of this paper is to answer the following question:. To what extent Libyan stock market developed to contribute to economic growth in Libya? This can be evaluated by using many financial indicators, these include stock market size, activity and efficiency, as well as the study including the regulatory framework, and information technology (IT) set in place by the market authorities. However, descriptive and comparative method was used. The results indicated that, despite the modest progress made in a very short time regarding all indicators which the paper calculated, however, it can be said that Libyan stock market remain largely underdeveloped, small and relatively inefficient. Its market capitalization to GDP is very low and investors have no access to long-term capital. In addition, the market still have very low liquidity and investors still have a limited choice of financial instruments and face liquidity problems. In the end of this paper was its conclusion a set of recommendations that can be used in developing a program that aims to speed the development of Libyan stock market and increase its efficiency.

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