New Sources of Debt Financing Investments in Russian Real Economy
New Sources of Debt Financing Investments in Russian Real Economy
Author(s): Arsen Azidovich Tatuev, Svetlana S. Galazova, Georgiy N. KUTSURI, Sergey A Shanin, Violetta V. ROKOTYANSKAYASubject(s): Public Finances, Fiscal Politics / Budgeting
Published by: Reprograph
Keywords: investment; expanded reproduction; financing; structure; own and borrowed funds; savings of the population;
Summary/Abstract: The article notes that at the present time, when Russia faces the drying-up of access to many external sources of funding and a decline in oil prices, it is necessary to create new financing mechanisms for economic growth and modernization. Lack of funds and unavailability of credit resources are the main factors limiting investment activity. Therefore, of high relevance is the task to search for fundamentally new source of debt financing in the real economy, which will help to solve the problem of availability of borrowed funds for investment in nonfinancial assets, and fixed assets. This source of funding may be funds from the public, since growth of assets (currency, cash and savings, including real estate) is comparable to the total volume of investments in fixed capital.
Journal: Journal of Applied Economic Sciences (JAES)
- Issue Year: XII/2017
- Issue No: 52
- Page Range: 1771-1778
- Page Count: 8
- Language: English