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Efficiency Of Use Of Investment Resources Of The Russian Economy

Author

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  • Oleg Turygin

    (Institute of Economics, Ural Branch of the Russian Academy of Sciences)

Abstract

Russian economy requires the considerable volume of investment. Investment requires sufficient quantity of investment resources, which can be created both from internal, and of external sources. Russia’s domestic savings, exceeds the majority of the largest developing countries, however in size of investments significant yields. Capital export by private sector is much more than attraction foreign investments. The state also exports the considerable amount the equity in the form of the currency holdings which size is much higher than minimum necessary level. In total, excess of export of financial resources over import is 7,3 % of gross domestic product that doesn’t allow to allocate these funds for investments. Restriction of capital export with a private sector and decrease in excess state reserves in foreign assets is the compulsory provisions necessary for the achievement of a long-term strong growth by the Russian economy.

Suggested Citation

  • Oleg Turygin, 2014. "Efficiency Of Use Of Investment Resources Of The Russian Economy," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(4), pages 254-260.
    • Handle: RePEc:ura:ecregj:v:1:y:2014:i:4:p:254-260
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    References listed on IDEAS

    as
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