+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ИД «Финансы и кредит»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Financial Analytics: Science and Experience
 

SWOT analysis of financial sources for the Russian economy growth

Vol. 9, Iss. 40, OCTOBER 2016

PDF  Article PDF Version

Received: 4 October 2016

Received in revised form: 17 October 2016

Accepted: 28 October 2016

Available online: 2 November 2016

Subject Heading: Economic policy

JEL Classification: E22, H10

Pages: 2-14

Burlachkov V.K. Plekhanov Russian University of Economics, Moscow, Russian Federation
burlachkov.vk@rea.ru

Volkov I.I. Plekhanov Russian University of Economics, Moscow, Russian Federation
winner.06@mail.ru

Importance The article discusses internal and external factors that form financial sources bolstering a growth in the Russian economy.
Objectives The research analyzes external and internal factors that build up financial sources stimulating a growth in the Russian Federation. Using a SWOT analysis, we evaluated their positive and negative effects.
Methods The research relies upon such methods as formal and mathematical logic, extrapolation, induction and deduction.
Results We determined internal and external factors that form financial sources bolstering the Russian economy growth. The article also indicates principal trends in the effect respective factors have on the formation of financial sources. Based on that, we classified the factors in terms of the SWOT analysis. Following the SWOT analysis, we prepared our recommendations on managing the sources formation process, which were presented as strategies, thus allowing to consider them in the context of macroeconomic regulation, rather than theoretical perspectives only.
Conclusions and Relevance We identified weaknesses and strengths of the Russian economy in terms of the formation of financial sources that stimulated its growth, and articulated strategies to steer the process provided positive factors had higher effect, while negative ones weakened. The article may prove useful to devise a model for developing the Russian economy in the short-term, mid-term and long-term run.

Keywords: financial source, economic growth, GDP, investment

References:

  1. Chermack T., Kasshanna B.K. The Use of and Misuse of SWOT Analysis and Implications for HRD Professionals. Human Resource Development International, 2007, vol. 10, no. 4, pp. 383–399. doi: 10.1080/13678860701718760
  2. Auerbach A., Gorodnichenko Y. Fiscal Multipliers in Recession and Expansion. NBER Working Paper, 2011, no. 17447. Available at: Link. doi: 10.3386/w17447
  3. Barro R.J., Redlick Ch.J. Macroeconomic Effects from Government Purchases and Taxes. The Quarterly Journal of Economics, 2011, vol. 126, no. 1, pp. 51–102. doi: 10.1093/qje/qjq002
  4. Filipchuk O.A. [A SWOT analysis of revenue of the Federal budget of the Russian Federation]. Vestnik Akademii = Academy's Herald, 2013, no. 4, pp. 104–109. (In Russ.)
  5. Yakovlev A., Gonchar K. [On using in Russia the experience of newly industrialized countries in forming ‘Development institutions’ and fostering innovative economic growth]. Voprosy Ekonomiki, 2004, no. 10, pp. 32–54. (In Russ.)
  6. Leeper E., Leith C. Understanding Inflation as a Joint Monetary-Fiscal Phenomenon. NBER Working Paper, 2016, no. 21867. Available at: Link. doi: 10.3386/w21867
  7. Woodford M. Simple Analytics of the Government Expenditure Multiplier. NBER Working Paper, 2010, no. 15714. Available at: Link. doi: 10.3386/w15714
  8. Slepov V.A., Chalova A.Yu., Baranovskii S.A. [Federal budget 2016 as an indicator of State economic policy: drift or development?]. Vestnik Rossiiskogo ekonomicheskogo universiteta im. G.V. Plekhanova = Vestnik of Plekhanov Russian University of Economics, 2016, no. 1, pp. 17–26. (In Russ.)
  9. Kireeva E.V. [Measures of the State aid to the real sector of economy during the implementation of anti-crisis plans]. Sovremennye tendentsii razvitiya nauki i tekhnologii = Current Trends in Development of Science and Technologies, 2016, no. 7-8, pp. 38–39. (In Russ.)
  10. Burlachkov V.K., Andryushin S.A. [Crediting the Russian economy during the macroeconomic instability]. Bankovskoe delo = Banking, 2016, no. 3, pp. 12–18. (In Russ.)
  11. Akcigit U., Hanley D., Serrano-Velarde N. Back to Basics: Basic Research Spillovers, Innovation Policy and Growth. NBER Working Paper, 2013, no. 19473. Available at: Link. doi: 10.3386/w19473
  12. Goldberg L. Banking Globalization, Transmission, and Monetary Policy Autonomy. NBER Working Paper, 2013, no. 19497. Available at: Link. doi: 10.3386/w19497
  13. Ivolgina N.V., Stepanova D.I. [Venture financing as a tool to fund new ideas and technological advancements]. Biznes v zakone = Business in Law, 2015, no. 6, pp. 211–214. (In Russ.)
  14. Orlova N.V., Egiev S.K. [Structural factors of Russian economic slowdown]. Voprosy Ekonomiki, 2015, no. 12, pp. 69–84. (In Russ.)
  15. Murashov Ya.V., Ratnikova T.A. [Underreported income of Russian households]. Voprosy Ekonomiki, 2016, no. 5, pp. 99–126. (In Russ.)
  16. Bulatov A.S., Kuznetsov A.V., Platonova I.N., Pertseva S.Yu., Kvashnin Yu.D., Rebrei S.M., Senyuk N.Yu., Tatulov K.G. [Russia within the international flow of capital in 2014–2015]. Vestnik Rossiiskoi akademii nauk = Bulletin of the Russian Academy of Sciences, 2016, vol. 86, no. 5, pp. 422–433. (In Russ.)
  17. Ordov K.V. Denezhno-kreditnaya politika i konkurentosposobnost' kompanii: monografiya [Monetary policy and competitiveness of businesses: a monograph]. Moscow, Magistr, INFRA-M Publ., 2011, 224 p.
  18. Maisak O.S. [SWOT analysis: target, factors, strategies. The issue of searching for relationships of factors]. Prikaspiiskii zhurnal: upravlenie i vysokie tekhnologii = Caspian Journal: Management and High Technology, 2013, no. 1, pp. 151–157. (In Russ.)
  19. Savva C.S. International Stock Markets Interactions and Conditional Correlations. Journal of International Financial Markets, Institutions and Money, 2009, vol. 19, no. 4, pp. 645–661. doi: 10.1016/j.intfin.2008.11.001
  20. Zagashvili V.S. [Foreign experience of import substitution and possible conclusions for Russia]. Voprosy Ekonomiki, 2016, no. 8, pp. 137–148. (In Russ.)

View all articles of issue

 

ISSN 2311-8768 (Online)
ISSN 2073-4484 (Print)

Journal current issue

Vol. 17, Iss. 1
March 2024

Archive