On the role of investments in sustainable economic growth

Автор: Uskova Tamara Vitalyevna

Журнал: Economic and Social Changes: Facts, Trends, Forecast @volnc-esc-en

Рубрика: Development strategy

Статья в выпуске: 6 (30) т.6, 2013 года.

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The article raises one of the most acute problems of the economy - promotion of sustainable economic growth. The article substantiates the relevance of the issue for global, national and regional economies. It argues that the goal of ensuring high economic growth rates is a strategic one for the Russian Federation; the achievement of this goal will allow Russia to retain its position among the world leaders. However, this requires, first of all, the transition from the model of economy oriented to raw materials export to the innovation model. The article shows that investments play the most important part in the promotion of sustainable economic growth. Endogenous models indicate that long-term sustainable economic growth requires investments in machinery and equipment, in human capital and in the knowledge sector. At that, the investments in human capital and knowledge are more preferable. The results of the investment processes analysis presented in the article allowed us to draw some conclusions concerning the situation that is taking shape in the Russian Federation...

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Conomic growth, endogenous economic growth models, investments, investment structure, investment sources, socio-economic policy

Короткий адрес: https://sciup.org/147223539

IDR: 147223539

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