Russian Financial Market: Is there Potential for Stimulating Economic Growth?
https://doi.org/10.34020/2073-6495-2020-2-086-104
Abstract
Russia has passed the path of forming a market economy, which was accompanied by a multidirectional dynamics of GDP growth rates. The article considers the financial market as a factor of stimulating economic growth. Four stages of development of the market economy of Russia are justified. Starting from 2020, the fifth stage of economic growth based on the development of innovative technologies, digitalization of the economy. The features of these stages are analyzed from the point of view of investment incentives for development. Institutional and instrumental approaches to financial market segmentation are highlighted, and the features of implementing these approaches at each stage of the Russian economy development are considered. The formation of the financial market considered from the standpoint of the analysis of indicators, revealing the state of the financial markets: depth, access, stability and efficiency of the financial market. Measures for the development of the financial market are proposed.
About the Authors
A. V. Novikov
Novosibirsk State University of Economics and Management
Russian Federation
Russian Federation
Novikov Alexsander V., Doctor of Economics, Professor, Rector
Novosibirsk
I. Ya. Novikova
Novosibirsk State University of Economics and Management
Russian Federation
Russian Federation
Novikova Irina Ya., PhD in Economics, Associate Professor
Novosibirsk
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Review
For citations:
Novikov A.V., Novikova I.Ya. Russian Financial Market: Is there Potential for Stimulating Economic Growth? Vestnik NSUEM. 2020;(2):86-104. (In Russ.) https://doi.org/10.34020/2073-6495-2020-2-086-104
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