Development of the regional financial system as a factor of economic growth
https://doi.org/10.46554/1993-0453-2026-6-260-50-63
Abstract
The article examines regional financial systems, as well as the directions contributing to their development. The factors that have the most significant impact on economic growth have been studied. The findings of the study demonstrated that for regional financial systems, attention should be paid to the specifics of the economic development of each federal district and each Russian region, since these specifics directly affect the development of the financial system of each individual region and, accordingly, the country as a whole. The economic growth of a region directly depends on the level of development of its financial system. This system plays a crucial role in redirecting financial flows, stimulating investment, supporting entrepreneurship, and improving capital efficiency. The study analyzes how the development of the regional financial system contributes to the economic growth of the Russian regions. To conduct the study, such methods as scientific verification, analysis, conclusions from the particular to the general (induction) and from the general to the particular (deduction) were applied, as well as generalization and systematization of the data obtained. The conclusion was formulated the process of development of regional financial systems is a factor in the economic growth of the regions at the present stage.
About the Author
S. G. Vagin
National Research University Higher School of Economics
Russian Federation
Russian Federation
Sergey G. Vagin – Doctor of Economics, Professor of the Basic Department of Financial Market Infrastructure
Moscow
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Review
For citations:
Vagin S.G. Development of the regional financial system as a factor of economic growth. Vestnik of Samara State University of Economics. 2026;(6):50-63. (In Russ.) https://doi.org/10.46554/1993-0453-2026-6-260-50-63
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