For citation:
Ilyukhin, A. A., Ponomareva, S. I., & Ilyukhina, S. V. (2020). Acceleration Potential of Economic Growth Based on Macroeconomic and Structural Policies. Zhurnal Economicheskoj Teorii [Russian Journal of Economic Theory], 17 (2), 302-313
Abstract:
The article deals with measures of macroeconomic and structural policies that allow progressive economic growth of the Russian economy. We have tried to summarize the results of the scientific discussion, the subject of which is supply side economics, a new model of economic growth in the Russian economy. We have analyzed the new trends and the nature of the Russian economy’s growth, combinations of its factors. Th e main attention is paid to identify the new trends in the economic growth and accumulations. We have considered the investment process in the Russian and regional economy and its new drivers. It is found that investment is a driver of the implementation of national priorities. Th e progressive economic growth stimulates significant growth in the investment. Th e special emphasis is placed on the assertion that the growth of total factor productivity is crucial for achieving progressive economic growth of national and regional economies. New sources of economic growth are considered, the mobilization of which will finance in fixed and human capital. Th e article considers the evolution in macroeconomists’ perspectives to the problem of slowdown in economic growth. We analyze the theories of exogenous and endogenous economic growth and conclude about the possibility of using them to develop a strategy for the progressive growth of the Russian economy. Th e budget deficit is one of the possible domestic source of economic growth. A change of macroeconomic strategy is the novelty of this research. Th e article suggests the use of budget deficit, which will fund high-technology industries and economy of knowledge. Th e part of the gold and foreign exchange reserves and the National Wealth Fund should be used as an internal source of economic growth.
Aganbegyan, A. G. (2017). Kak preodolet’ stagnaciyu i recessiyu [How to overcome stagnation and recession]. Nauchnye trudy Vol’nogo yekonomicheskogo obshhestva Rossii [Scientific Works of the VEO], 203, 1, 58–74. (In Russ.)
Aganbegyan A.G. (2017). Vozobnovlenie social’no-ekonomicheskogo rosta: problemy i perspektivy [Resuming socio-economic growth: problems and prospects]. Srednerusskiy vestnik obshhestvennyh nauk. [Central Russian Yournal of Social Sciences], 12, 3, 19–41. (In Russ.)
Aganbegyan, A. G. (2018). Na puti k civilizovannomu rynku [On the way to the civilized market]. Vestnik Instituta ekonomiki Rossiyskoy akademii nauk. [The Bulletin of the Institute of Economics of the Russian Academy of Sciences], 1, 7–26. (In Russ.)
Aganbegyan, A. G. (2019). O neotlozhnyh merah po vozobnovleniyu social’no-ekonomicheskogo rosta [On immediate actions to reinvigorate social and economic growth]. Problemy prognozirovaniya [Studies on Russian Economic Development], 1, 1–13. (In Russ.)
Berezinskaya, O. B., Vedev, A. L., & Stavceva, A. A. (2019). Investicii v osnovnoy kapital v sovremennoy ekonomicheskoy politike v Rossii [Investing in fixed capital in recent economic policy in Russia]. Ekonomicheskoe razvitie Rossii [Russian Economic Developments], 12, 8–14. (In Russ.)
Blokhin, A. A. (2019). Vliyanie institutsional’nykh razlichiy na ekonomicheskiy rost [Impact of institutional differences on economic growth]. Problemy prognozirovaniya [Studies on Russian Economic Development], 5, 16–27. (In Russ.)
Burenin, A. (2019). Predely makroekonomicheskoy politiki pod uglom zreniya ekonomicheskih krizisov [The limits of macroeconomic policy under the eye of economic crisis]. Ekonomicheskaya politika [Economic policy], 14, 76–91. (In Russ.)
Grigoryev, L. M., & Podrugina, A. V. (2016). Osobennosti tsiklicheskikh kolebaniy posle Velikoy retsessii [The specific of cyclical fluctuations after the Great recession]. Problemy teorii i praktiki upravleniya [International journal of Management theory and practice], 6, 57–65. (In Russ.)
Grigoryev, L. M., & Makarova, E. A. (2019). Norma nakopleniya i ekonomicheskiy rost: sdvigi posle Velikoy retsessii [Savings rate and economic growth: shifts after the great recession]. Voprosy ekonomiki [Voprosy Ekonomiki], 12, 24–46. DOI: 10.32609/0042–8736–2019–12- 24–46 (In Russ.)
Ershov, M. V., & Tanasova, A. S. (2019). Mir i Rossiya: inflyatsiya minimal’na, ekonomicheskiy rost zamedlyaetsya, riski povyshayutsya [The world and Russia: inflation is minimal, economic growth is slowing, risks are rising]. Voprosy ekonomiki [Voprosy Ekonomiki], 12, 5–23. (In Russ.)
Zamulin, O. A, & Sonin, K. I. (2019). Ekonomicheskiy rost: Nobelevskaya premiya 2018 goda [Economic growth: Nobel prize in economic sciences 2018 and the lessons for Russia]. Voprosy ekonomiki [Voprosy Ekonomiki], 1, 11–36. (In Russ.)
Idrisov, G., & Sinelnikov-Murylev, S. (2014). Formirovanie predposylok dolgosrochnogo rosta: kak ikh ponimat’? [Forming sources of long-run growth: how to understand them?]. Voprosy ekonomiki [Voprosy Ekonomiki], 3, 4–20. (In Russ.)
Ilyukhin, A. A., Ponomaryova, S. I., & Ilyukhina, S. V. (2017). Makroekonomicheskiy analiz prognoza byudzheta Sverdlovskoy oblasti v usloviyakh rosta rossiyskoy ekonomiki [Macroeconomic Analysis of Sverdlovsk Oblast Budget Forecast in the Context of Economic Growth in Russia]. Upravlenets [Upravlenets — The Manager], 6, 72–79. (In Russ.)
Ilyukhin, A. A., & Ponomaryova, S. I. (2017). Byudzhetnaya politika regiona: v poiskakh makroekonomicheskoy ustoychivosti [Regional budget policy: in search of macroeconomic stability]. Materialy IV vserossiyskogo simpoziuma po regional’noy ekonomike. Otvetstvenny redaktor Yu. G. Lavrikova [Proceedings of the IV all-Russian Symposium on regional Economics. Responsible editor Yu. G. Lavrikova], 47–50. (In Russ.)
Ilyukhin, A. A., Ponomaryova, S. I., & Ilyukhina, S. V. (2019). Ekonomicheskiy rost i faktor sozidatel’nogo razrush- eniya [Economic growth and the factor of creative destruction]. Zhurnal ekonomicheskoj teorii [The Russian Journal of the Economic Theory], 4, 630–639. DOI: 10.31063/2073–6517/2019.16–4.3 (In Russ.)
Mau, V. A. (2019). Natsional’nye tseli i model’ ekonomicheskogo rosta: novoe v sotsial’no-ekonomicheskoy politike Rossii v 2018–2019 gg. [National goals and model of economic growth: new in the Russian socio-economic policy of 2018– 2019]. Voprosy ekonomiki [Voprosy Ekonomiki], 3, 5–28. (In Russ.)
Mironov, V. V. (2019). O diagnostike tekushchego sostoyaniya rossiyskoy ekonomiki i srednesrochnykh perspektivakh ee rosta [On the diagnostics of the current state of the Russian economy and its medium-term growth prospects]. Voprosy ekonomiki [Voprosy Ekonomiki], 2, 5- 35. (In Russ.)
Moiseev, S. R. (2019). Khayp vokrug (ne)denezhnoy (ne)teorii [Hype around (non)monetary (non)theory]. Voprosy ekonomiki [Voprosy Ekonomiki], 9, 112–122. (In Russ.)
Maddison, A. (2015). Kontury mirovoy ekonomiki v 1–2030 gg.: ocherki po makroekonomicheskoy istorii [Contours of the world economy 1–2030 AD: essays in macro-economic history]. Moscow, Russia: Izd-vo Instituta Gaydara, 582. (In Russ.)
North, D. (1997). Instituty, institutsional’nye izmeneniya i funktsionirovanie ekonomiki [Institutions, institutional change and economic performance]. Moscow, Russia: Fond ekonomicheskoy knigi ‘Nachala’, 185. (In Russ.)
Orlova, N. V., & Lavrova, N. A. (2019). Potentsial’nyy rost kak otrazhenie perspektiv rossiyskoy ekonomiki [Potential output as a reflection of Russian economy perspectives]. Voprosy ekonomiki [Voprosy Ekonomiki], 4, 5- 20. (In Russ.)
Pavlov P. N., & Kaukin A. S. (2019). Otsenka sovokupnoy faktornoy proizvoditel’nosti rossiyskoy ekonomiki na osnove metodiki BLS [Measurement of total factor productivity growth in Russia with U. S. BLS methodology]. Ekonomicheskoe razvitie Rossii [Russian Economic Developments], 26, 12, 15–22. (In Russ.)