Investment as a source of economic growth

 
PIIS020736760004940-3-1
DOI10.31857/S020736760004940-3
Publication type Article
Status Published
Authors
Occupation: Director of the FBK Strategic Analysis Institute
Affiliation: FBK Strategic Analysis Institute
Address: Russia
Affiliation:
Address: Russian Federation
Affiliation:
Address: Russian Federation
Journal nameObshchestvo i ekonomika
EditionIssue 5
Pages5-27
Abstract

In the research a comprehensive analysis of capital investment dynamics and structure in the Russian Federation has been carried out, and the investment to GDP ratio. International comparisons are cited for the most of indicators. 

The models of GDP forecast (the investment multiplier model and VAR model) developed by the authors, make it possible to test a hypothesis that accelerated growth of capital investment (at the level of officially forecast rate of growth) can give rise to GDP,  due to the multiplier effect, enabling Russian GDP growth rate to exceed  worldwide average,  and Russian economy to take the 5th place in the world by GDP value, by  2024.

 

Keywordscapital investment, Russian economy, investment multiplier, investment to GDP ratio, econometric model, international comparisons
Received27.05.2019
Publication date03.06.2019
Number of characters49992
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