The Interrelation of the Supply and Demand Factors in Ensuring an Intensive Type of Economic Growth

Vladimir V. Ilyashenko
Additional contact information
Vladimir V. Ilyashenko: Ural State University of Economics

Journal of New Economy, 2018, vol. 19, issue 4, 34-44

Abstract: The article examines the influence of supply and demand factors on an intensive type of economic growth in the Russia and describes some basic models of economic growth. The author notes that in modern conditions the provision of an intensive type of economic growth in the country is associated with solving the problem of new industrialisation, and shows the shortcomings in implementation of the latter. The author stresses the importance of the factors of aggregate demand in ensuring economic growth and argues that current state economic policy takes them into account insufficiently. The paper advocates that a significant decrease in inflation in recent years resulted from a decline in total demand in the national economy accompanied by low rates of its development, limited investment activity, a fall in real incomes. The article analyses the relationship between changes in the level of inflation, nominal cash incomes of the population, investments in fixed assets and the physical volume of GDP. The author concludes about the need to take appropriate state measures in the field of monetary and financial policy aimed at the realisation of supply and demand factors that are capable of providing an intensive type of economic growth in Russia

Keywords: economic growth; aggregate demand; aggregate supply; new industrialisation; inflation; gross domestic product; investment; population incomes.Journal: Journal of New Economy (search for similar items in EconPapers)
JEL-codes: E20 E22 E31 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://izvestia.usue.ru/images/download/78/3.pdf (application/pdf)
http://izvestia.usue.ru/en/-2018/747 (text/html)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:url:izvest:v:19:y:2018:i:4:p:34-44

DOI: 10.29141/2073-1019-2018-19-4-3

Access Statistics for this article

Journal of New Economy is currently edited by Yelizaveta A. Belousova

More articles in Journal of New Economy from Ural State University of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Victor Blaginin ().