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Economic Analysis: Theory and Practice
 

Analyzing the сommensurability of requirements and conditions for the Russian economy growth

Vol. 20, Iss. 5, MAY 2021

Received: 11 March 2021

Received in revised form: 28 March 2021

Accepted: 10 April 2021

Available online: 28 May 2021

Subject Heading: ECONOMIC ADVANCEMENT

JEL Classification: E60, E69, O10, O11, O12

Pages: 845–864

https://doi.org/10.24891/ea.20.5.845

Valerii V. SMIRNOV I.N. Ulianov Chuvash State University (ChuvSU), Cheboksary, Chuvash Republic, Russian Federation
v2v3s4@mail.ru

https://orcid.org/0000-0002-6198-3157

Subject. The article addresses the commensurability of requirements and conditions for the Russian economy growth.
Objectives. The focus is on identifying significant deviations in commensurability of requirements and conditions for the Russian economy growth.
Methods. The study draws on the systems approach, using methods of statistical, neural network, and cluster analysis.
Results. The study highlights the problem of commensurability of requirements and conditions for the growth of the Russian economy, which negatively affects its structural integrity. It reveals a limited effect of monetization of the Russian economy on growth rates due to cash moving from the real sector to savings in US dollars. Against this background, the volatility of the developing Russian market and exchange rate decrease even with rising oil prices, however, the risk associated with an increase in borrowings, tax boost, deviation from the budget rule, and strong devaluation of Ruble increases. The results of the analysis point to significant deviations, which do not allow to set goals properly.
Conclusions. The unveiled deviations in commensurability of requirements and conditions for the growth of the Russian economy are compensated by the creation of various working groups in the context of another virtual strategy of socio-economic development of Russia.

Keywords: economic growth, commensurability, requirement, condition

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