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Finance and Credit
 

The causes of capital growth in the Russian economy

Vol. 23, Iss. 36, SEPTEMBER 2017

PDF  Article PDF Version

Received: 30 June 2017

Received in revised form: 31 July 2017

Received in final form: 28 August 2017

Accepted: 11 September 2017

Available online: 29 September 2017

Subject Heading: INVESTING

JEL Classification: E13, E43, E52, G18, G38

Pages: 2174–2188

https://doi.org/10.24891/fc.23.36.2174

Smirnov V.V. I.N. Ulianov Chuvash State University, Cheboksary, Chuvash Republic, Russian Federation
walera712006@mail.ru

Importance The paper discourses upon the influence of debt, monetary and industrial policy of Russia on the rate of capital growth. It also studies the causes of capital growth in the Russian economy.
Objectives I purpose to determine the conditions of the capital growth in the Russian economy despite the growth rate of public external debt.
Methods The research is based on the theory and methodology of the systems analysis and the results of scientific research in the field of monetary policy.
Results The article reveals the effect of Russia's monetary policy on the increase of capital in the Russian economy. It is expedient to use the research results in the process of formation and improvement of the mechanism of public debt realization.
Conclusions and Relevance The main reasons for the capital growth in the Russian economy are fuel and energy complex and monetary policies. In reality, the exporters of hydrocarbons lobby debt policy, increasing structural changes in the Public Economies.

Keywords: monetary policy, debt policy, capital, industrial policy, growth rate

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