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Public Investment and Economic Growth in Different Countries

Author

Listed:
  • E. V. Ordynskaya

    (Institute of Economic Forecasting, Russian Academy of Sciences)

  • M. V. Cherkovets

    (Institute of Economic Forecasting, Russian Academy of Sciences)

  • K. E. Savchishina

    (Institute of Economic Forecasting, Russian Academy of Sciences)

Abstract

The article analyzes the dynamics of public investment and its role in the economic development of different countries. Particular attention was paid to the situation in Russia at the present stage, the main parameters of the budget system, and various scenarios for the dynamics of budget investment volumes in the short term have been considered as one of the most important sources of funds for the implementation of projects that can act as catalysts for economic growth. The issues of a qualitative level have been touched upon, including the need to consider the goals, objectives, institutions, instruments and conditions for the implementation of public investment to determine the necessary volumes and improve their efficiency.

Suggested Citation

  • E. V. Ordynskaya & M. V. Cherkovets & K. E. Savchishina, 2024. "Public Investment and Economic Growth in Different Countries," Studies on Russian Economic Development, Springer, vol. 35(6), pages 800-809, December.
    • Handle: RePEc:spr:sorede:v:35:y:2024:i:6:d:10.1134_s1075700724700345
    DOI: 10.1134/S1075700724700345
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    References listed on IDEAS

    as
    1. Papaioannou, Sotiris, 2016. "Public investment multipliers in EU countries: Does the efficiency of public sector matter?," MPRA Paper 70332, University Library of Munich, Germany.
    2. Anand Rajaram & Tuan Minh Le & Kai Kaiser & Jay-Hyung Kim & Jonas Frank, 2014. "The Power of Public Investment Management : Transforming Resources into Assets for Growth," World Bank Publications - Books, The World Bank Group, number 20393.
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