The world and Russia: Inflation is minimal, economic growth is slowing, risks are rising

2019 ◽  
pp. 5-23 ◽  
Author(s):  
Mikhail V. Ershov ◽  
Anna S. Tanasova
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
World Economy ◽  
Domestic Demand ◽  
New Combination ◽  
Russian Economy ◽  
The World ◽  
World Economic ◽  
Money Creation ◽  
Main Factors

Russian economy has reached the low level of inflation, but economic growth has not accelerated. Moreover, according to official forecasts, in the following years it will still be low. The article concludes that domestic demand, which is one of the main factors of growth, is significantly constrained by monetary, budgetary and fiscal spheres. The situation in the Russian economy is still hampered by the decline of the world economic growth. The prospects of financial markets are highly uncertain. This increases the possibility of crisis in the world. Leading countries widely use non-traditional measures to support their economies in the similar environment. In the world economy as well as in Russia a principally new combination of factors has emerged, which create specific features of economic growth. It requires special set of measures to stimulate such growth. The article proves that Russian regulators have large unused potential to stimulate growth. It includes monetization, long-money creation, budget and tax stimuli. It is important that the instruments, which will be used, should be based on domestic mechanisms. This will strengthen financial basis of the economy and may encourage economic growth. Some specific suggestions as to their use are made.

Contemporary World Economy and Russia

2003 ◽  
pp. 45-60
Author(s):  
V. Kudrov
Keyword(s):  
Economic Growth ◽  
Transition Economies ◽  
Great Recession ◽  
World Economy ◽  
Economic Indicators ◽  
Contemporary World ◽  
The World ◽  
World Economic ◽  
Main Factors ◽  
Globalized World

The author analyses the forecast of the world economy performance provided in the early 1970s by the UN group of experts under W. Leontief leadership and compares it with contemporary world economic indicators. The conclusion is that the forecast was too optimistic: the world economy didn't manage to reach the suggested rates of economic growth. Russia and other transition economies suffered of great recession in the 1990s but now are stepping on the path of economic growth based on integration in the globalized world economy. One of the main factors of achieving that goal is WTO accession.

scholarly journals Structural changes and economic growth in the world economy and Russia

2019 ◽  
Vol 5 (1) ◽  
pp. 1-26 ◽  
Author(s):  
Valeriy V. Mironov ◽  
Liudmila D. Konovalova
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Global Economy ◽  
World Economy ◽  
Structural Changes ◽  
Russian Economy ◽  
The World ◽  
Preliminary Version ◽  
The One ◽  
Relationship Of

The article considers the problem of the relationship of structural changes and economic growth in the global economy and Russia in the framework of different methodological approaches. At the same time, the paper provides the analysis of complementarity of economic policy types, which, on the one hand, are aimed at developing the fundamentals of GDP growth (institutions, human capital and macroeconomic stabilization), and on the other hand, at initiating growth (with stable fundamentals) with the help of structural policy measures. In the study of structural changes in the global economy, new forms of policies of this kind have been revealed, in particular aimed at identifying sectors — drivers of economic growth based on a portfolio approach. In a given paper a preliminary version of the model of the Russian economy is provided, using a multisector version of the Thirlwall’s Law. Besides, the authors highlight a number of target parameters of indicators of competitiveness of the sectors of the Russian economy that allow us to expect its growth rate to accelerate above the exogenously given growth rate of the world economy.

Energy constraints on economic growth

2020 ◽  
pp. 8-17
Author(s):  
V. Tsibulskiy
Keyword(s):  
Economic Growth ◽  
Growth Rate ◽  
Energy Consumption ◽  
World Economy ◽  
Gdp Growth ◽  
Domestic Economy ◽  
Russian Economy ◽  
Gdp Growth Rate ◽  
The World ◽  
The Relationship

The article presents analytical estimates of the relationship between such economic characteristics as gross domestic product, energy consumption and the degree of complexity of the economy, characterized by the number of stages of product conversion. These estimates are largely based on statistics for the world economy and the Russian economy. Considering, within the framework of the presented model, the possibility of increasing the GDP growth rate of the domestic economy will require a signifi cant reduction in energy tariff s and an increase in the scale of its production.

The Russian economy at the beginning of 2020: the root causes of the growing chaos and the complex of anti-crisis measures

2020 ◽  
pp. 3-39
Author(s):  
S.Yu. Glaziev
Keyword(s):  
Financial Markets ◽  
World Economy ◽  
The United States ◽  
Management Model ◽  
Ruling Elite ◽  
External Threats ◽  
Russian Economy ◽  
Monetary Authorities ◽  
World Economic ◽  
Advanced Development

The hybrid struggle for world domination has entered a phase of critical aggravation. In an effort to maintain its dominance in the outgoing Imperial world economy, the United States has opened new fronts for the suppression of powers that they consider permanent periphery. In addition to instigating «small victorious» conflicts in Eurasia, rocking the commodity and currency and financial markets (with far-reaching consequences), the American ruling elite, judging by the whipping up of global panic, uses «last reserves» in the fight against doctrinally proclaimed opponents — China and Russia. And if the Chinese management model, which is the basic one in the new integrated world economic system, has once again shown its stability and effectiveness in repelling external threats, then Russia seems to be suffering another defeat on the financial and economic front. In any case, with the connivance of the Russian monetary authorities, the domestic market will again be overwhelmed by a speculative vortex, organized according to the already familiar technology. Based on these considerations and relying on their own and their principled associates solid scientific and practical foundations, the author of the article reveals the deep causes of the growing chaos and justifies a set of anti-crisis measures, formulates recommendations for the transition to the implementation of the strategy of advanced development.

On the mechanisms of growth of the Russian economy under conditions of worsening financial problems in the world

2016 ◽  
pp. 5-25 ◽  
Author(s):  
M. Ershov
Keyword(s):  
Economic Growth ◽  
Interest Rates ◽  
Stock Markets ◽  
World Economy ◽  
Financial Resources ◽  
Russian Economy ◽  
Negative Interest Rates ◽  
The World ◽  
International Banks ◽  
Government Interference

Many challenges that have recently emerged in the world economy still exist. Moreover, new problems have appeared. Now we can see at the same time low economic growth in many countries, rising public debts, overheating of stock markets. The fact that alongside with negative interest rates financial resources are not in demand becomes more obvious. Major international banks meet rising problems again. In this environment government interference to support economic players and different markets is getting more pervasive.

scholarly journals Information Technology and the World Growth Resurgence

2007 ◽  
Vol 8 (2) ◽  
pp. 125-145 ◽  
Author(s):  
Dale W. Jorgenson ◽  
Khuong Vu
Keyword(s):  
Economic Growth ◽  
Information Technology ◽  
World Economy ◽  
It Investment ◽  
The World ◽  
World Economic ◽  
Per Capita ◽  
The Impact ◽  
Capita Output ◽  
World Output

Abstract This paper analyzes the impact of investment in information technology (IT) on the recent resurgence of world economic growth. We describe the growth of the world economy, seven regions, and 14 major economies during the period 1989-2004. We allocate the growth of world output between input growth and productivity and find, surprisingly, that input growth greatly predominates! Moreover, differences in per capita output levels are explained by differences in per capita input, rather than variations in productivity. The contributions of IT investment have increased in all regions, but especially in industrialized economies and Developing Asia.

scholarly journals Indonesian Economy Leading to a Political Year and How Foreign Banks Can Play a Role in Development

2014 ◽  
Vol 2 (2) ◽  
pp. 121
Author(s):  
Kemal Aziz Stamboel
Keyword(s):  
Economic Growth ◽  
Financial Development ◽  
Economic Crisis ◽  
Structural Changes ◽  
Domestic Demand ◽  
Foreign Banks ◽  
The World ◽  
World Economic ◽  
Very High ◽  
World Economic Crisis

Recently, Indonesia’s economy records very high and stable economic growth. The growth is above 6 percent. Despite the world economic crisis, our economic growth is adequately resistant to turmoil from external crisis. The relatively high economic growth is mainly caused by high domestic demand, both from consumption and investment. The question is how foreign banks can play a role in development of Indonesian economy? In this notes, I discuss several challenges posed by structural changes in Indonesia as well as opportunities for foreign banks to play a role in Indonesian financial development. 

The Problem of Factors of Economic Growth in Modern Russia

2018 ◽  
Vol 6 (5) ◽  
pp. 29-31
Author(s):  
Леонид Басовский ◽  
Leonid Basovskiy ◽  
Елена Басовская ◽  
Elena Basovskaya
Keyword(s):  
Economic Growth ◽  
Growth Rates ◽  
Social Factors ◽  
World Economy ◽  
Econometric Models ◽  
Capital Account ◽  
Economic Factors ◽  
Russian Economy ◽  
The World ◽  
Economic Growth Rates

In the Russian economy after the crisis of 2008–2009 systemic changes have been occurred. In the period before this crisis, Russia experienced economic growth, which was faster than the growth rate of the world economy, then after the crisis, economic growth rates do not exceed the growth rates of the world economy. The use of econometric models of economic growth made it possible to establish the following. Changes in traditional growth factors — labor and capital — account for only 11% of the economic growth before the crisis, and only 3% after the crisis of 2018–2009. Obviously, the change in the rates of economic growth in modern Russia is due to other economic factors, factors related to human capital, innovations, institutional, political, social factors.

On the relationship of structural changes and economic growth in the world economy and Russia

2019 ◽  
pp. 54-78 ◽  
Author(s):  
V. V. Mironov ◽  
I. D. Konovalova
Keyword(s):  
Economic Growth ◽  
World Economy ◽  
Structural Changes ◽  
Economic Policies ◽  
Russian Economy ◽  
The World ◽  
Preliminary Version ◽  
The One ◽  
Relationship Of ◽  
The Relationship

The article analyzes the relationship between structural changes and economic growth in the world economy and Russia. The authors note the emergence of a growth model in the world economy based on the complementarity of economic policies aimed, on the one hand, at the development of fundamental foundations of economic growth (institutions, human capital, infrastructure, macroeconomic stabilization), and, on the other hand, at initiating growth through structural reforms (even under stable foundations). Analyzing the trends of structural changes in the world economy, the authors consider new forms of structural policy, in particular, the ones oriented at the issue of identification of sectors — potential drivers of economic growth using the portfolio approach. A preliminary version of the model of Russian economy based on the multi-sector variety of the Thirlwall’s law is presented in the paper.

About the failures of global and Russian financial markets and measures to support the economy and the population in the context of the pandemic

2020 ◽  
pp. 41-49
Author(s):  
M.V. Ershov
Keyword(s):  
Economic Growth ◽  
Financial Markets ◽  
Economic Activity ◽  
World Economy ◽  
Large Scale ◽  
Research Work ◽  
Population Based ◽  
Significant Decline ◽  
The World ◽  
National Economies

A large-scale collapse in global financial markets, which has been brewing for many years and which was triggered by the pandemic of the beginning of 2020, generates crisis processes in the world economy. The spread of the coronavirus has led to a significant decline in economic activity around the world. National States are once again forced to urgently develop and implement anti-crisis programs. A wide and financially voluminous range of measures aimed at ensuring both supply and effective demand in national economies is involved. Russia has also introduced large-scale, though relatively modest, measures to support the economy and the population. Based on these realities and based on his research work on the use of anti-crisis financial mechanisms, the author justifies the conclusion that: a) this support is insufficient; b) to ensure the normal reproduction of the population and the resumption of economic growth, it must be increased and activated.

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