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Institutional Models of Real Sector Financing

Author

Listed:
  • Kirdina, S.

    (Institute of Economics, Russian Academy of Sciences, Moscow)

Abstract

The author considers basic institutional models that define the macroeconomic policies for the real sector financing under economic growth. The hypothesis is tested that two institutional models in real sector financing could be singled out, so called "state as the main investor" and "state as the regulator". To prove this hypothesis, data about the dynamics of real sector financing in Russia and in the USA are used. X- and Y-economies concept (Kirdina, 2012) is used to explain the differences. Concerning this, some particularities of investment characteristics in the national statistics due to institutional differences of two countries are also discussed.

Suggested Citation

  • Kirdina, S., 2013. "Institutional Models of Real Sector Financing," Journal of the New Economic Association, New Economic Association, vol. 18(2), pages 129-155.
  • Handle: RePEc:nea:journl:y:2013:i:18:p:129-155
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    References listed on IDEAS

    as
    1. Svetlana Kirdina & Andrei Vernikov, 2013. "Evolution of the Banking System in the Russian Context: An Institutional View," Journal of Economic Issues, Taylor & Francis Journals, vol. 47(2), pages 475-484.
    2. Svetlana Kirdina, 2012. "From Marxian School Of Economic Thought To System Paradigm In Economic Studies: The Institutional Matrices Theory," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 8(2), pages 53-71.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    institutional models; real sector financing; X- and Y-economies; Russia; the USA; China;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • P43 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Finance; Public Finance
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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