Opportunities to promote economic growth in Russia at a rate not lower than the world average
Автор: Baranov Sergei V., Skufina Tatiana P.
Журнал: Economic and Social Changes: Facts, Trends, Forecast @volnc-esc-en
Рубрика: Modeling and forecast of socio-economic processes
Статья в выпуске: 5 (59) т.11, 2018 года.
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The article considers economic growth in Russia in the context of fundamental concepts that include the formalization of the mechanisms of economic development from the standpoint of determining the relationship and substantiating the optimal ratio of production factors for Russia’s GDP. In the framework of the study, we address four problems. First, we substantiate the model of production of Russia’s GDP, expressing the functional relationship between the volume of GDP, on the one hand, and the production factors such as labor (number of people employed in the Russian economy) and capital (investment in fixed capital). The model is consistent with the initial statistical data, so that the coefficient of determination between the model data and real data is more than 99%. Second, we substantiate the optimal ratio between investment and employment for the purpose of increasing Russia’s GDP. Third, we analyze in detail how these optimal ratios correspond to the real processes of GDP production...
Russia, economic growth, modeling, gross domestic product, labor, capital, optimal ratios
Короткий адрес: https://sciup.org/147224100
IDR: 147224100 | DOI: 10.15838/esc.2018.5.59.3
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