Analysis of the Structural Possibilities of the Russian Economy

Valeriy V. Smirnov ()

Economics of Contemporary Russia, 2022, issue 3

Abstract: The structural possibilities of the Russian economy are considered in order to determine its structural possibilities. The study is based on a systematic approach using the method of statistical and neural network analysis. The article shows the limited structural capacity of the Russian economy by a highly concentrated commodity market. Also, high values of the growth rate of turnover of organizations producing vehicles and equipment, as well as computers, electronic and optical products were established. The paper notes a significant increase in investments at the expense of the population and the budgets of the constituent entities of the Russian Federation in the face of a significant decrease in loans from foreign banks and investments from abroad. A high concentration of the Russian market in raw materials was established – ​mining and enrichment of iron ores; production of coke and oil products; mining of non-ferrous metal ores, etc. The position of the government of the Russian Federation as a net creditor, stimulating the emergence of organizations related to state administration and military security, and dooming the activities of households to liquidation is highlighted. The presented studies develop the competence of members of the Russian government in assessing the structural possibilities of economic growth and the choice of methods and directions of development. It is shown that the structural possibilities of the Russian economy, limited by a highly concentrated commodity market and the government's position as a net creditor, orient the Ministry of Finance and the Central Bank of the Russian Federation to stimulate the activity of development institutions.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ack:journl:y:2022:id:758

DOI: 10.33293/1609-1442-2022-3(98)-38-46

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