Published in «Russian Journal of Entrepreneurship»12 / 2018
DOI: 10.18334/rp.19.12.39518

Features of the debt economy of the Russian Federation

Sofina Anastasiya Andreevna, Katanov Khakass State University, Russia

Особенности долговой экономики Российской Федерации - View in Russian

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Highlights:
1. It is necessary to invest only in the development: the loans are unacceptable as a short-term source of financing;
2. The problem of debt in the economy increases in a crisis;
3. The role of interest rate in economy is very important;
4. The enterprises in Russia have more expensive borrowings than foreign companies, so they do not have the opportunity to invest.

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:

accounts payable, debt economy, management

JEL-Classification: D25, G32, G38

Citation:
Sofina A.A. (2018). Features of the debt economy of the Russian Federation [Osobennosti dolgovoy ekonomiki Rossiyskoy Federatsii]. Russian Journal of Entrepreneurship, 19(12). (in Russian). – doi: 10.18334/rp.19.12.39518.


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