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National Interests: Priorities and Security
 

The analysis of structural relations in the Russian economy

Vol. 17, Iss. 7, JULY 2021

Received: 25 March 2021

Received in revised form: 15 April 2021

Accepted: 29 April 2021

Available online: 15 July 2021

Subject Heading: ECONOMIC POLICY OF THE STATE

JEL Classification: D40, H10, H19, L10, O10

Pages: 13441366

https://doi.org/10.24891/ni.17.7.1344

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 investigates structural relations in Russias economy.
Objectives. I delve into the basis for structural relations in Russias economy.
Methods. The study is based on the systems approach and the method of statistical, neural network and cluster analysis.
Results. I spotlight the establishment of optimal structural relations in the Russian economy. The article presents a set of material properties of the Russian economy, which hamper the emergence of optimal structural relations, sustainable growth and constructive development in the modern circumstances. What underlies structural relations in Russia is that its growth can be fed with domestic borrowings and paid services for the public, retail turnover, which depend on salaries and investment in capital stock, while changes in the foreign exchange rate are pegged to the turnover of foreign trade and deficit (surplus) of the consolidated budget.
Conclusions and Relevance. Maintained with domestic borrowings and variation of the foreign exchange rate, economic growth, as the basis for structural relations in the Russian economy, is a sufficient indicator to evaluate the performance of the Russian government. The findings contribute to the knowledge and competence of the Russian government to set up consistent goals for creating optimal structural relations in the Russian economy.

Keywords: exchange rate, domestic borrowing, sufficient indicator, structural relations, essential properties, sustainable growth

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