THEORETICAL ASPECTS OF MODELING THE RESULTS OF THE SOCIO-ECONOMIC DEVELOPMENT OF THE NATIONAL ECONOMY OF RUSSIA
The study represents retrospective aspects of financial regulation of reproduction process-es, which determined investment activity in the era of market reforms and the trends of the mod-ern Russian economy in the periods of cyclicity. A dynamic comparison of the volume of invest-ments in the fixed capital of the national economy of the Russian Federation for the period 1990-2019 is made. The factors accompanying cyclical trends in the national economy are established, and the positions of the leading world and Russian scientists in the field of economics and fi-nance in evaluating the procedure for conducting a privatization campaign in Russia are shown. The conclusion is made about the dominance of political motives in the new Russian financial system based on the results of the shock privatization strategy, which determined investment trends for many years while strengthening the state influence on the economy.
Keywords: theory of economic growth, socio-economic development, reproduction pro-cesses, modeling.
Highlights:
a model function describing the conditions for balanced growth of the Russian economy based on the Harrod-Domar concept was illustrated;
the adequacy of the proposed model to the realities of the domestic economy was ob-tained empirically by substituting the numerical values of the marginal propensity to save (mps) and the share of capital in the national income;
the dynamics of the gross domestic product for the period from 1990 was presented as an illustrative series of the presented modeling of the reproduction process.
Elena A. Razumovskaya, Doctor of Economics, Professor of the Department of Finance, Money Circulation and Credit, Ural Federal University named after the first President of Russia B. N. Yeltsin, Ural State University of Economics; Aleksey V. Lebedev, Candidate of Economics, Ural Federal University named after the first President of Russia B. N. Yeltsin.