Open AccessFinancing of investments in fixed assets as a driverof economic growth in Russia and its regions
Author(s) -
Aleksandr Vladimirovich Novikov
Publication year - 2021
Publication title -
sibirskaâ finansovaâ škola
Language(s) - English
Resource type - Journals
ISSN - 1993-4386
DOI - 10.34020/1993-4386-2021-4-3-10
Subject(s) - fixed asset , finance , traditional investments , business , economics , investment (military) , financial system , macroeconomics , production (economics) , politics , political science , law
The article deals with the problem of financing investments in fixed assets as a factor of economic growth of the Russian economy. The stages of economic growth in the modern market period are distinguished (five stages based on the use of the concept of supply and demand). The development strategies of Russia are considered from the standpoint of the possibility of financing investments in fixed assets. The sources of financing of investments in fixed assets are identified and a comparative analysis of own and attracted sources of financing of investments in fixed assets is carried out by stages of economic growth, as well as by federal districts of the Russian Federation and the Siberian Federal District. The analysis of the sources of financing of investments in fixed assets showed that at present it was not possible to significantly increase the share of attracted sources of financing of investments in fixed assets. The article presents proposals on the possibility of using the potential of the financial market as a mechanism for financing investments based on indicators of depth, accessibility, stability, and efficiency of the financial market. Specific proposals are put forward to change the significance of these indicators.