Institutional Models of Real Sector Financing

S. Kirdina
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S. Kirdina: Institute of Economics, Russian Academy of Sciences, Moscow
Authors registered in the RePEc Author Service: Светлана Георгиевна Кирдина-Чэндлер ()

Journal of the New Economic Association, 2013, vol. 18, issue 2, 129-155

Abstract: The author considers basic institutional models that define the macroeconomic policies for the real sector financing under economic growth. The hypothesis is tested that two institutional models in real sector financing could be singled out, so called "state as the main investor" and "state as the regulator". To prove this hypothesis, data about the dynamics of real sector financing in Russia and in the USA are used. X- and Y-economies concept (Kirdina, 2012) is used to explain the differences. Concerning this, some particularities of investment characteristics in the national statistics due to institutional differences of two countries are also discussed.

Keywords: institutional models; real sector financing; X- and Y-economies; Russia; the USA; China (search for similar items in EconPapers)
JEL-codes: B52 O43 P43 P52 (search for similar items in EconPapers)
Date: 2013
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Persistent link: https://EconPapers.repec.org/RePEc:nea:journl:y:2013:i:18:p:129-155

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