DOI: 10.33917/mic-5.118.2024.78-86

The relevance of attracting investments into the country’s economy in order to achieve economic growth, ensure its stability and thereby increase the population’s income is analyzed. The dynamics of attracting investments into fixed capital in the country as a whole and for individual types of economic activity are considered. The share of investments in GDP and the level of investment efficiency are estimated. The relationship between increasing domestic and foreign investment attractiveness, increasing the volume of investments and increasing the population’s income is determined.

The methods of statistical, comparison, grouping, analysis and synthesis, and economic analysis are used in the coverage of this article. A comparative analysis of the data was carried out, on the basis of which an attempt was made to more accurately highlight the role of investments in economic growth and ensuring the well-being of the population.

References:

1. Makasheva N. Does J.M. Keynes Help Study the Russian Economy? Voprosy ekonomiki. 2010;12:131–140.

2. Massé P. Criteria and Methods for Optimal Determination of Capital Investments / Translated from French. Moscow: Statistika, 1971. 160 p.

3. McConnell K.R., Brew S.L. Economics: Principles, Problems, and Policy. In 2 volumes: Translated from English. 11th ed. Vol. 1. Moscow: Respublika, 1992. 399 p.

4. Dolan E.J., Lindsay D.E. Microeconomics. St. Petersburg, 1994. 448 p.

5. Abdukarimov B.A. Korkhona iktisodiyoti (darslik). T.: Fan, 2005. 241 p.

6. Karimov N. The mechanism of investment integration and the development of the mechanism of investment. T.: Fan and technology, 2007. 240 p.

7. Nodirkhanov U.S. Foreign investment in Uzbekistan: experience, problems, growth prospects. T.: Fan and technology, 2011. 184 p.

8. Egamberdiev F.T., Daniyarova F.B., Kholmatjonov F.M. The importance of investment in the development of the economy. Economy and Finance 2017;10:68–74.

9. Mihaela Peres, Waqar Ameer & Helian Xu. The impact of institutional quality on foreign direct investment inflows: evidence for developed and developing countries, Economic Research-Ekonomska Istraživanja. 2018;31(1):626–644.

DOI: 10.33917/es-4.196.2024.62-73

The paper reveals the content of the method of structural analysis as a basic approach in economic research, used in the study of economic changes. The purpose of the study is to demonstrate the areas of application of structural analysis and its part — macrostructural analysis, with outputs for the study of technological development and the formation of a strategy for economic policy and development. The methodology consists of empirical structural analysis, comparative method and taxonomic approach. The overall result can be considered the identified areas of application of structural analysis in the macroeconomic part of its application, the possibilities and mistakes of applying macrostructural analysis to the study of economic growth and structural transformation of the economy. Let us note that many issues of the application of macrostructural analysis in economic science have been poorly studied. Often in studies it is replaced by the general method of structural analysis, which is reduced exclusively to the assessment of “input-output”, the structure of aggregate demand and production distributed across economic sectors. In fact, structural analysis is much broader, extends to micro and mesoeconomic objects of the economy, and is suitable not only for correcting current macroeconomic policies, but also for developing strategic plans for economic development and carrying out economic changes (reforms). An interpretation of changes within the framework of the “old — new” technologies structure is given, as well as proposals for taking into account technological development as an important condition for carrying out the structural and technological modernization of Russia.

References:

1. Shumpeter Y.A. Teoriya ekonomicheskogo razvitiya. Kapitalizm, sotsializm i demokratiya [Theory of Economic Development. Capitalism, Socialism and Democracy]. Moscow, Eksmo, 2007, 864 s.

2. Nort D. Ponimanie protsessa ekonomicheskikh izmeneniy [Understanding the Process of Economic Change]. Moscow, Vysshaya shkola ekonomiki, 2010, 256 p.

3. Barr R. Politicheskaya ekonomiya [Political Economy]. V 2 t. Moscow, Mezhdunarodnye otnosheniya, 1996.

4. Sukharev O.S. Strukturnyy analiz ekonomiki [Structural Analysis of the Economy]. Moscow, Finansy i statistika, 2012, 216 p.

5. Dedov L.A., Botkin O.I. Indeksnyy makrostrukturnyy analiz ekonomicheskoy dinamiki. Osnovnye ponyatiya i priemy makrostrukturnogo analiza [Index Macrostructural Analysis of Economic Dynamics. Basic Concepts and Techniques of Macrostructural Analysis]. Ekaterinburg, Izd-vo UrO RAN, 2013, 111 p.

6. Sukharev O.S. Strukturnye issledovaniya sovremennoy rossiyskoy ekonomicheskoy shkoly: osnovnye podkhody i perspektivy [Structural Research of the Modern Russian Economic School: Main Approaches and Prospects]. Vestnik Permskogo universiteta, 2022, vol. 17, no 1, pp. 5–26.

7. Leont’ev V.V. Izbrannye stat’i [Featured Articles]. Saint Petersburg, Nevskoe vremya, 1994, 366 p.

DOI: 10.33917/mic-6.113.2023.89-94

Efficient use of energy is a prerequisite for economic development. The article identifies the relationship between economic growth and the use of renewable energy sources. The study shows that renewable energy contributes to economic growth for both developing and developed countries.

References: 

1. Armeanu D.S., Joldes C.C., Gherghina S.C., Andrei J.V. (2021). Understanding the Multidimensional Linkages Among Renewable Energy, Pollution, Economic Growth and Urbanization in Contemporary Economies: Quantitative Assessments across Different Income Countries’ Groups. Renew. Sustain. Energ. Rev. 142. doi:10.1016/j.rser.2021.110818

2. Baniya B., Giurco D., Kelly S. (2021). Green Growth in Nepal and Bangladesh: Empirical Analysis and Future Prospects. Energy Policy 149. doi:10.1016/j.enpol.2020.112049

3. Come Zebra E. I., van der Windt H. J., Nhumaio G., Faaij A.P. (2021). A Review of Hybrid Renewable Energy Systems in Mini-Grids for Off-Grid Electrification in Developing Countries. Renew. Sustain. Energ. Rev. 144. doi:10.1016/j.rser.2021.111036

4. Doytch N., Narayan S. (2021). Does Transitioning towards Renewable Energy Accelerate Economic Growth? an Analysis of Sectoral Growth for a Dynamic Panel of Countries. Energy 235. doi:10.1016/j.energy.2021.121290

5. Jenniches S. (2018). Assessing the Regional Economic Impacts of Renewable Energy Sources — A Literature Review. Renew. Sustain. Energ. Rev. 93 (October), pp. 35–51. doi:10.1016/j.rser.2018.05.008

6. Ogonowski P. (2021). Application of VMCM, to Assess of Renewable Energy Impact in European Union Countries. Proced. Comput. Sci. 192, pp. 4762–4769. doi:10.1016/j.procs.2021.09.254

7. Shrinkhal R. (2019). «Economics, Technology, and Environmental Protection», in Phytomanagement of Polluted Sites (Amsterdam: Elsevier), pp. 569–580. doi:10.1016/B978-0-12-813912-7.00022-3

DOI: https://doi.org/10.33917/es-4.184.2022.70-81

The article is devoted to the study of poverty and inequality in the economic growth of the most developed countries, with a general focus on the formation of social policy consistent with the growth policy. The purpose of the study is to conduct a macroeconomic analysis of poverty, inequality and wealth in the G7 countries, China and Russia, with the ensuing substantiation of a social development strategy for the Russian economy. The methodology is made up of empirical analysis, as well as regression modeling, which make it possible to identify in a comparative way the connectivity of the dynamics of relevant indicators of social development  — the level of national poverty and wealth, the Gini coefficient and general inequality, growth rate, human development index. The result of the study is a precisely confirmed empirical relationship between the level of poverty and inequality for the countries considered, that is, a high value of one parameter corresponds to a high value of another. Consequently, poverty reduction may imply a reduction in inequality, and not only relative, but also absolute. In addition, it was found that for developed countries, high levels of poverty and inequality mean low values of the human development index. Social policy aimed at human development requires that its instruments be harmonized, including the necessary alignment with the current macroeconomic policies to stimulate growth. The magnitude of national wealth does not guarantee high growth rates, as well as low levels of inequality and poverty. A high level of inequality can accompany economic growth, having a positive effect on the growth rate, as for the Russian economy. In this regard, the current policy needs a reasonable selection of measures to stimulate growth and, at the same time, measures to reduce inequality, which can and should not be limited only to tax changes that require special confirmation of influence, but to institutional changes that regulate the creation and appropriation of income.

Источники:

1. Aganbegyan A.G. Kak preodolet’ stagnatsiyu i novyi krizis, obespechiv sotsial’no-ekonomicheskii rost [How to Overcome Stagnation and New Crisis, Providing Socio-Economic Growth]. Ekonomicheskie strategii, 2020, vol. 22, no 5, pp. 34–45, DOI: 10.33917/es-5.171.2020.34-45; no 6, pp. 6–19, DOI: 10.33917/es-6.172.2020.6-19.

2. Adzhimoglu D., Robinson Dzh.A. Pochemu odni strany bogatye, a drugie bednye. Proiskhozhdenie vlasti, protsvetaniya i nishchety [Why Some Countries are Rich and Others are Poor. The Origin of Power, Prosperity and Poverty]. Moscow, AST, 2016, 693 p.

3. Livshits V.N. Bednost’ i neravenstvo dokhodov naseleniya v Rossii i za rubezhom [Poverty and Inequality of the Population Incomes in Russia and Abroad]. Moscow, IE RAN, 2017, 52 p.

4. Stiglits Dzh. Tsena neravenstva. Chem rassloenie obshchestva grozit nashemu budushchemu? [The Cost of Inequality. How does Social Stratification Threaten Our Future?]. Moscow, Eksmo, 2015, 512 p.

DOI: 10.33917/mic-2.103.2022.5-38

Monetary policy is the most important instrument of economic growth policy, but the influence of any instrument may weaken or strengthen over time. We will designate this state as the cumulative effect of monetary policy. The purpose of the study is to determine the cumulative effect of monetary policy, with the identification of the effectiveness of its measures in ensuring the growth of the Russian economy. The methodology of the study consists of monetary theory, structural analysis of the money supply, the principle of «goals-tools» of economic policy and correlation and regression analysis, which allow to identify the presence of the cumulative effect of monetary policy, to determine its impact on relevant macroeconomic goals: GDP growth and inflation.

The result of the study is the application of the introduced indicators of the sensitivity of macro-policy goals to monetary policy instruments, representing a picture of the weakening of the influence of monetary policy on the growth of the Russian economy. The increasing monetization was accompanied, in particular, by a decrease in the growth rate of the Russian economy, the unfolding of a recession, the consequences of which affect the dynamics of economic development, while maintaining a tight monetary policy option – with an increase in the key interest rate. The structural analysis of the money supply for the M2 aggregate made it possible to identify those components that, with an increase, slow down growth and reduce inflation, as well as to determine the closeness of the relationship of the interest rate with the changing components of the money supply. The assessment of the cumulative effect of monetary policy on two goals of macroeconomic development – growth and inflation, and two monetary policy instruments – the M2 money supply and the key interest rate, confirmed the existence of a negative cumulative effect of the policy for the growth goal and a positive cumulative effect on the inflation rate. For two purposes at once, the positive cumulative effect of monetary policy is confirmed only for the period 2016-2018 in the interval 2001-2020. Thus, monetary policy, firstly, ensured the containment of inflation out of connection with growth, and secondly, provided different cumulative effects for different purposes – due to the different sensitivity of the target to the instruments.

The prospect of the study is seen in the creation of some kind of aggregated indicator that would allow taking into account the overall impact on the dynamics of the entire set of monetary policy measures, and not separately by goals and instruments, as presented in this study.

References:

1.       Glazyev S.Yu. A leap into the future. Russia in new technological and world economic structures. Moscow: Knizhny Mir, 2018. 768 p. (In Russ.).

2.      Glazyev S.Yu. Lessons of the next Russian revolution: the collapse of a liberal utopia and a chance for an «economic miracle». Moscow: Publishing House «Ekonomicheskaya Gazeta», 2011. 576 p. (In Russ.).

DOI: 10.33917/mic-3.98.2021.22-28

The article briefly analyzes the impact of customs duties on certain parameters of financing federal budget expenditures aimed at implementing key priorities and national goals, which will contribute to accelerating economic growth. It is shown that customs revenues to the federal budget are an important characteristic, they allow their part to satisfy public needs, remaining one of the stable sources of formation of its revenue.

It is concluded that it is necessary to include in the control indicators of the implementation of the Strategy for the Development of the Customs Service of the Russian Federation until 2030 indicators of customs payments that contribute to the financing of budget expenditure programs that affect the stimulation of economic growth.

DOI: https://doi.org/10.33917/es-4.178.2021.48-53

The article examines the problems of structural modernization of the Russian economy in relation to applying the fuel and energy complex potential. The author reveals regularities of structural modernization and identifies the role of the fuel and energy complex as the most important element for developing the country’s productive forces. Creating a trajectory of sustainable economic growth requires an increased efficiency of using the energy complex potential. It is substantiated that the low technical and technological level of extractive and processing sectors of the fuel and energy complex, pricing imbalances, ruble devaluation don’t meet the strategic goals of industrial development and achieving economic security

DOI: https://doi.org/10.33917/es-2.176.2021.76-87

Alexander Nikolaevich Nesmeyanov, one of the most underestimated presidents of the Academy of Sciences, was a great originalminded scientist who opened up organoelement chemistry to the world as an independent science and later on — an artificial food, to which the world turns again after several decades. These milestones of his biography are well known to scientific community, as well as his leadership of Moscow State University during the new complex construction on the Lenin Hills, creation of INEOS and VINITI. 10-years period of his biography, when he was a President of the USSR Academy of Sciences, is much less known. It was in this position that he manifested enormous talent as an organizer of the country’s modern science management system, where the Academy of Sciences played an important role. Many thoughts and deeds of A.N. Nesmeyanov are especially relevant today.

DOI: 10.33917/mic-1.96.2021.72-80

The article considers the reflection of the national mineral wealth in the system of national accounts, shows the availability of reserves of some types of mineral raw materials taken into account in the current assessment system. The main problems are identified and proposals are made for the methodological link between the indicators for assessing mineral resource wealth of the subsoil with the system of national accounts and the assessment of the country’s GDP. An example of evaluating the value of multicomponent apatite-nepheline ore is given. Measures are proposed to link the national mineral wealth with an assessment of the country’s GDP in the national accounts, increasing the level of rational use of mineral resources, comprehensive utilization of multicomponent ores.

DOI: 10.33917/es-6.172.2020.78-85

For several years, there has been a considerable interest in the development of regions and their contribution to the national economy, both in Russia and in foreign countries. The regions are characterized by uneven economic development and the amount of taxes and fees going to the Federal budget. Moreover, in Russia, this unevenness in regional development is particularly strong, which is facilitated by tax policy that affects the reduction of regional tax independence and does not encourage the regions to develop their income base. The task of achieving a balance between donor and recipient regions, reducing the number of subsidized regions, and creating incentives to increase their incomes and economic growth is one of the most actual problems of Russian economic policy.