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

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

An analysis of the Russian macroeconomic outlook

Vol. 29, Iss. 4, APRIL 2023

Received: 8 December 2022

Received in revised form: 22 December 2022

Accepted: 9 January 2023

Available online: 27 April 2023

Subject Heading: Financial system

JEL Classification: Е20, Е22, Е27, Е60, Е69

Pages: 873–891

https://doi.org/10.24891/fc.29.4.873

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. This article discusses the prospects of the Russian macro-economy.
Objectives. The article aims to determine the priorities of the Russian macroeconomic prospects.
Methods. For the study, I used a systems approach based on the methods of statistical, neural network, and cluster analyses.
Results. The article reveals the priority of GDP dynamics in constant prices and total State revenues in rubles, and it finds that the dynamics of GDP in constant prices and total State revenues in rubles demonstrates an active growth in the percentage of total State revenues in GDP.
Conclusions and Relevance. The results of the analysis of the Russian macroeconomic outlook, including the priority of the dynamics of total State revenues in rubles, indicate the potential for economic growth. The provisions of the study can help expand the competences of the scientific community and public authorities concerned in creating conditions for economic growth and development of the Russian economy.

Keywords: priority, macroeconomics, public revenues, prospects, consumer inflation

References:

  1. Mau V.A. [Economic policy in times of the pandemic: The experience of 2021–2022]. Voprosy Ekonomiki, 2022, no. 3, pp. 5–28. (In Russ.) URL: Link
  2. Glaz'ev S.Yu. [With mobilization — by the inertia of liberal laziness]. Evraziiskaya integratsiya: ekonomika, pravo, politika = Eurasian Integration: Economics, Law, Politics, 2022, vol. 16, no. 3, pp. 9–10. (In Russ.) URL: Link
  3. Glaz'ev S.Yu., Sukharev O.S., Afanas'eva O.N. [Monetary policy of Russia: A negative accumulative effect within the framework of the neoclassical model and its overcoming]. Mikroekonomika = Microeconomics, 2022, no. 2, pp. 5–38. URL: Link (In Russ.)
  4. Aganbegyan A.G. [On mitigation measures of the social and economic consequences following sanctions imposed by “unfriendly” countries on Russia in 2022]. Noonomika i nooobshchestvo. Al'manakh trudov INIR im. S.Yu. Vitte = Noonomy and Noosociety. Almanac of Scientific Works of the S.Y. Witte INID, 2022, vol. 1, no. 2, pp. 36–56. URL: Link (In Russ.)
  5. Aganbegyan A.G. [The two main macroeconomic theories of Keynes and Friedman and their use in the economic policy of the world's major countries and Russia]. Problemy prognozirovaniya = Studies on Russian Economic Development, 2022, no. 5, pp. 9–20. URL: Link (In Russ.)
  6. Shrestha S., Kotani K., Kakinaka M. The Relationship Between Trade Openness and Government Resource Revenue in Resource-Dependent Countries. Resources Policy, 2021, vol. 74, 102332. URL: Link
  7. Mohammed J.I., Fiador V.O., Karimu A., Abor J.Y. Ownership Structure of Oil Revenues: Political Institutions and Financial Markets in Oil-Producing Countries. Journal of Multinational Financial Management, 2022, vol. 66, 100760. URL: Link
  8. Pazouki A., Zhu X. The Dynamic Impact Among Oil Dependence Volatility, the Quality of Political Institutions, and Government Spending. Energy Economics, 2022, vol. 115, 106383. URL: Link
  9. Arvin M.B., Pradhan R.P., Nair M.S. Are There Links Between Institutional Quality, Government Expenditure, Tax Revenue and Economic Growth? Evidence from Low-Income and Lower Middle-Income Countries. Economic Analysis and Policy, 2021, vol. 70, pp. 468–489. URL: Link
  10. Ndoricimpa A. Tax Reforms, Civil Conflicts and Tax Revenue Performance in Burundi. Scientific African, 2021, vol. 13, e00927. URL: Link
  11. Apeti A.E., Edoh E.D. Tax Revenue and Mobile Money in Developing Countries. Journal of Development Economics, 2023, vol. 161, 103014. URL: Link
  12. Lyu B., Ma G., Zhan J. The Trade-Off Between Risk and Incentives in Fiscal Federalism: Evidence from China. Journal of Comparative Economics, 2022, vol. 50, iss. 4, pp. 1019–1035. URL: Link
  13. Garcia-Alban F., Gonzalez-Astudillo M., Vera-Avellan C. Good Policy or Good Luck? Analyzing the Effects of Fiscal Policy and Oil Revenue Shocks in Ecuador. Energy Economics, 2021, vol. 100, 105321. URL: Link
  14. Kolmogorova T.A. [Classification and methods for forming State and municipal budget incomes]. Mezhdunarodnyi zhurnal gumanitarnykh i estestvennykh nauk = International Journal of Humanities and Natural Sciences, 2022, no. 6-2, pp. 127–130. URL: Link (In Russ.)
  15. Sudakova A.E., Agarkov G.A. [Budget centralization and decentralization of the Russian Federation’s public finances: approaches to the definition]. Vestnik Surgutskogo gosudarstvennogo universiteta = Surgut State University Journal, 2022, no. 2, pp. 60–69. (In Russ.) URL: Link
  16. Beetsma R., Furtuna O., Giuliodori M., Mumtaz H. Revenue- versus Spending-based Fiscal Consolidation Announcements: Multipliers and Follow-up. Journal of International Economics, 2021, vol. 131, 103455. URL: Link

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 5
May 2024

Archive