International Conference on Eurasian Economies

9-11 September 2015 – Kazan, RUSSIA

Paper detail

Paper ID : 1404
Status : Paper published
Language : English
Topic : Growth and Development
Presenter: Mr. Aleksey Poliduts
Session : 4A Growth and Development

Economic Growth: Types and Factors
Economic Growth: Types and Factors

• Mr. Aleksey Poliduts (Chelyabinsk State University, Russia)
• Assoc. Prof. Dr. Yuner Kapkaev (Chelyabinsk State University, Russia)

Abstract

The article deals with the content of economic growth as an economic category through determining its type, indicators and factors. It proposed grading factors based on the various existing theoretical approaches. With all the variety of growth factors and options for sorting the basic separation occurs in the direct and indirect factors, internal and external, intensive and extensive, the factors of supply, demand and distribution, controlled and uncontrolled factors, factors of economic and non-economic, interchangeable and supplemented growth factors. The author points out the main trends and features of economic growth, determining the pace and quality of economic growth in Russia at the present stage of development. The methodological basis of the study is the dialectical method of knowledge, which allows to study economic phenomena and processes in their constant interaction and development. Sources of data in the study is an analytical and statistical materials the IMF, the World Bank and the Federal State Statistics Service. Formulate a set of restrictions for sustainable economic growth in Russia, due to the influence of various kinds of factors. As highlighted in its basic elements: the raw structure of Russian exports, weak competitiveness of downstream industries, the economic sanctions imposed in 2014 by the Western countries, reducing the purchasing power of the ruble against the reserve currencies. The results may help to improve the efficiency of stimulating the development and maintenance of high economic growth in the implementation of measures of state regulation both in Russia and in other countries.

JEL codes: O11, O41, O47

Poliduts, Aleksey, Kapkaev, Yuner (2015). "Economic Growth: Types and Factors" in Proceedings of International Conference of Eurasian Economies 2015, pp.62-66, Kazan, RUSSIA.

DOI: https://doi.org/10.36880/C06.01404

Full paper in PDF format.

Session 4A: Growth and Development