Features of the debt economy of the Russian Federation

Sofina A.A.¹
¹ Хакасский государственный университет им. Н.Ф. Катанова

Journal paper

Russian Journal of Entrepreneurship *
Volume 19, Number 12 (December 2018)
* Этот журнал не выпускается в Первом экономическом издательстве

Citation:

Abstract:
The research is directed on detection of features of debt economy of Russia. Researches of debt economy are considered in scientific literature. Then the following hypothesis is statistically proved. Abroad the basis of debts is made by the credits and loans (all types) that allows to attract the considerable volumes of investment and to provide the corresponding growth rates of economy. In Russia the debt economy is based generally on accounts payable, the country has rather small size of a cumulative debt. It is noted that the credit policy in Russia doesn't encourage receiving necessary resources for production modernization. There is the general growth of creditor and debit debts which indicates about a violation of reproductive relationships. The volume of accounts payable does not allow increasing investment activity. The debt is differentiated by industry. Based on the example of foreign countries on achievement of economic growth, the possible ways of financing of investments focused on development of domestic economy are offered. Now the domestic organizations are forced to borrow from banks at the high rates, so the use of "long" money to achieve strategic goals cannot be discussed.

Keywords: management, accounts payable, debt economy

JEL-classification: G38, G32, D25

Highlights:

1. Необходимо инвестировать только для развития: займы неприемлемы как источник финансирования краткосрочных задач.
2. Проблема долговой экономики обостряется в кризисных условиях.
3. Существенное значение имеет не размер долга, а процентные ставки.
4. Отечественные предприятия имеют в несколько раз более дорогие деньги, чем зарубежные компании, поэтому у них нет возможности использовать средства для инвестирования.

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