| Наименование статьи | Fixed Capital Formation Effectiveness in Russia: Trends and Scenarios
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| Страницы | 190-205 |
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| Аннотация | Designing new methods and approaches to assessing the results of long-term economic development is a relevant task within the framework of analyzing and forecasting the development of industries and industry complexes. The paper substantiates an approach to studying the process of capital formation through the full-fledged use of available resources. Based on the data on the dynamics of metal consumption, we show features of gross fixed capital formation. We consider changes in Russia’s economic development and highlight three periods in the accumulation of the country’s wealth, estimated by the indicators of the metal stock (the crisis situation of the 1990s, the recovery GDP growth in 2000–2013, and the formation of a new mechanism for the reproduction of fixed assets starting in 2014). We define prerequisites for the formation of imbalances in the investment and stock process related to the increase in the country’s wealth. We show that restrictions on attracting resources from abroad and the lack of a reliable domestic investment base determine the key problems of the domestic capital formation mechanism. We arrange countries of the world in groups according to capital formation indicators, including the availability of resources for capital formation and the availability of favorable conditions for the commercial use of investments. We substantiate the need to increase the effectiveness of capital formation management in Russia. We emphasize that investments in the national investment complex can become effective only if the current criteria for evaluating the effectiveness of economic activity are revised. We provide an overview of the positive and negative scenarios for the development of the domestic capital formation system in the medium term. State management of the investment and stock process is singled out as a necessary element of a positive medium-term forecast
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| Ключевые слова | investments in fixed assets, final metal consumption, wealth accumulation, reproduction approach, investment and stock process
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| Журнал | Economic and social changes: facts, trends, forecast |
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| Номер выпуска | 1 |
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| Автор(ы) | Budanov I. A., Ustinov V. S. |
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| Файл |  |
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