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Financial aspects of the inclusive growth model of the modern economy
[Финансовые Аспекты Модели Инклюзивного Роста Современной Экономики]

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  • Danilov, Yuriy (Данилов, Юрий Алексеевич)

    (The Russian Presidential Academy of National Economy and Public Administration)

  • Pivovarov, Danil (Пивоваров, Данил)

    (The Russian Presidential Academy of National Economy and Public Administration)

Abstract

The paper examines the problems of financial inclusion, considered as a prerequisite for the formation of an inclusive growth model (“growth for all”). The paper presents results of calculations of the mutual dependence of financial inclusion and financial stability; financial inclusion and financial sector performance; financial inclusion and financial structure; financial inclusion and economic dynamics. Authors evaluate the financial inclusion of the Russian banking sector and financial markets, including the first assessment of the inclusion in the primary securities markets and its impact on the economic dynamics and investment activity of enterprises. And authors formulate recommendations for economic policy in the financial sector.

Suggested Citation

  • Danilov, Yuriy (Данилов, Юрий Алексеевич) & Pivovarov, Danil (Пивоваров, Данил), 2019. "Financial aspects of the inclusive growth model of the modern economy [Финансовые Аспекты Модели Инклюзивного Роста Современной Экономики]," Working Papers 031940, Russian Presidential Academy of National Economy and Public Administration.
  • Handle: RePEc:rnp:wpaper:031940
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