Economic growth and inflation

Yuriy Korechkov; Vladimir Kvasha; Aleksandr Mudrevskiy

doi:10.52957/2221-3260-2025-2-23-35

VAK Russia 5.2.1

ECONOMIC GROWTH AND INFLATION Economic growth and inflation

АА Аа

Published in Theoretical economics · Issue 2 · Pages 23–35 · Rubric: ACTUAL PROBLEMS OF THEORETICAL ECONOMY

DOI: https://doi.org/10.52957/2221-3260-2025-2-23-35

Received: 28.01.2025 Accepted: 24.02.2025 Published: 01.04.2025

Authors

Yuriy Korechkov

ORCID

Vladimir Kvasha

ORCID

Aleksandr Mudrevskiy

Yuriy Korechkov

Academic degree: doctor of economic sciences

Science rang: professor

International Academy of Business and New Technologies Russian Federation

Federal State Budgetary Educational Institution of Higher Education "Financial University under the Government of the Russian Federation" Vladikavkaz Branch Yaroslavl Branch · Russian Federation · Moscow

Yaroslavl Higher Military School of Air Defense named after Marshal of the Soviet Union L.V. Govorov Russian Federation · Yaroslavl

ORCID

Vladimir Kvasha

Academic degree: candidate of economic sciences

Science rang: docent

Federal State Budgetary Educational Institution of Higher Education "Financial University under the Government of the Russian Federation" Vladikavkaz Branch Director of the branch · Yaroslavl branch · Russian Federation · Moscow

ORCID

Aleksandr Mudrevskiy

Academic degree: candidate of economic sciences

Science rang: docent

Yaroslavl Higher Military School of Air Defense named after Marshal of the Soviet Union L.V. Govorov Russian Federation · Yaroslavl

ABSTRACT

The article examines economic growth, which characterizes the value increase in output in an economic system over a certain period of time. According to the authors, quantitative indicators of economic growth reflect only one aspect of the development of the economic system. To understand the ongoing economic processes, it is necessary to identify the qualitative characteristics of development, justifying the relationship of economic growth indicators with other macroeconomic indicators: inflation, the key rate of the Bank of Russia, unemployment, and others. This will allow us to assess the degree of balanced development of the entire economic system, its resistance to the disturbing effects of the external and internal economic environment. To ensure economic growth, a set of regulatory measures by the state is needed to support the activity of commercial structures. An analysis of various scientific and theoretical approaches of foreign and Russian economic scientists to the problem of achieving economic growth shows the relationship of this category with the instruments and methods of financial and monetary policy used by the executive authorities and the Bank of Russia. The article notes that the practical application of such methods does not fully meet the goals of economic development. The current model of the Russian economy is more consistent with the concept of oligarchic capitalism. This characterizes the increasing wealth of individuals and the social stratification of society. It is revealed that inflation occurs as a result of imbalance in commodity and foreign exchange markets. The objective basis and root cause of the inflationary process, according to the authors, is the devaluation of the ruble. Therefore, the inflationary process must be calculated taking into account the currency component (changes in the exchange rate).It is concluded that the problems of economic development have required drastic institutional changes in the country using a variety of financial instruments, special attention should be paid to the digitalization of economic processes, the implementation of major investment projects in the field of infrastructure.

KEYWORDS

economic growth, inflation, devaluation, exchange rate, Bank of Russia, GDP, theory, fiscal policy, economic system

Text

Text (PDF)

Read Download

1. Gordeev V.A. Teoreticheskaya ekonomiya – novyy paradigmal'nyy meynstrim / V.A. Gordeev // Teoreticheskaya ekonomika. - 2015. - № 1. - S. 4-17. - [Elektron. resurs]. - Rezhim dostupa: http:// theoreticaleconomy.ystu.ru EDN: https://elibrary.ru/TLPVIF

2. Harrod R.F. Teoriya ekonomicheskoy dinamiki. - M.: CEMI RAN, 2008. - 210 s.

3. Makroekonomika: uchebnik / Pod red. G.A. Rodinoy.- 2-e izd., pererab. i dop. – M.: Izdatel'stvo Yurayt, 2017.- S.113.

4. Domar E. D. Capital Expansion, Rate of Growth and Employment // Econometrica. - 1946. - Aprel' (t. 14, № 2). - S. 137-147. - doihttps://doi.org/10.2307/1905364. Rezhim dostupa: https://herioscarlanda.wordpress.com/wp-content/uploads/2024/10/domar-1946.-capital-expansion-rate-of-growth-and-employment.pdf (data obrascheniya - 14 yanvarya 2025 g.)

5. Solow R. M. A Contribution to the Theory of Economic Growth // The Quarterly Journal of Economics. - 1956. - Fevral' (vol. 70, № 1). - P. 65-94. Rezhim dostupa: http://piketty.pse.ens.fr/files/Solow1956.pdf (data obrascheniya - 14 yanvarya 2025 g.)

6. Korechkov Yu.V., Velikorossov V.V., Yakshilov I.N. Ekonomicheskiy rost: institucional'nye podhody i finansovye instrumenty // Teoreticheskaya ekonomika. 2021. № 6 (78). S. 14-23. DOI: https://doi.org/10.52957/22213260_2021_6_14; EDN: https://elibrary.ru/FNOOBG

7. Keyns Dzh. Obschaya teoriya zanyatosti, procenta i deneg // Antologiya ekonomicheskoy klassiki.- M., 1993.- S. 183.

8. Suharev O.S. Sinergetika investiciy / O.S. Suharev, S.V. Shmanev, A.M. Kur'yanov.- M.: Finansy i statistika; INFRA-M, 2008. S. 11. EDN: https://elibrary.ru/YNAXHR

9. Oyken V. Osnovy nacional'noy ekonomii. – M. Ekonomika, 1996. S. 233.

10. Galushka A.S., Niyazmetov A.K., Okulov M.O. Kristall rosta k russkomu ekonomicheskomu chudu. - M., 2021. - 360 s.

11. Lihachev M.O. Makroekonomicheskaya stabil'nost' nacional'noy ekonomiki v modeli «otkrytoy ekonomiki» D. Fleminga // Ekonomicheskie nauki. – 2019. - № 5 (174).- S.45-50. DOI: https://doi.org/10.14451/1.174.45; EDN: https://elibrary.ru/QBSWWF

12. Bergin E. Glava 5. Fenomen Miltona Fridmena // Velikaya revolyuciya idey: vozrozhdenie svobodnyh rynkov posle Velikoy depressii. — Mysl', 2017. - S. 177-214.

13. Dornbush R. Ozhidaniya i dinamika obmennogo kursa. / Etot izmenchivyy obmennyy kurs.- M. 2001. s. 207– 229.

14. Anikin A.V. Dzhon Styuart Mill' // Yunost' nauki: Zhizn' i idei mysliteley-ekonomistov do Marksa. — 2-e izd. — M.: Politizdat, 1975. - S. 279-287. — 384 s.

15. Glaz'ev S.Yu. Ekonomika buduschego. Est' li u Rossii shans? («Kollekciya Izborskogo kluba»). – M.: Knizhnyy mir, 2016 – 640 s. EDN: https://elibrary.ru/WGRUKE

16. Glaz'ev S.Yu. Social'naya spravedlivost' i ekonomicheskiy rost. Programma social'no-ekonomicheskogo razvitiya Rossii. S. 2. Rezhim dostupa: https://xn--h1acbkjiedashj.xn--p1ai/upload/soc-prog.pdf (data obrascheniya - 15 yanvarya 2025 g.)

17. Glaz'ev S.Yu. Politika Banka Rossii sderzhivaet rost ekonomiki / Rezhim dostupa: https://glazev.ru/articles/6-jekonomika/86182-politika-banka-rossii-sderzhivaet-rost-jekonomiki (data obrascheniya - 15 yanvarya 2025 g.)

18. 20 samyh bogatyh lyudey Rossii v 2024 godu: neftyanye magnaty, investory i IT-specialisty. Rezhim dostupa: https://finance.mail.ru/guide/samyye-bogatyye-lyudi-rossii-273/ (data obrascheniya - 16 yanvarya 2025 g.)

19. Voronin D. Sostoyanie bogateyshih rossiyan rezko vyroslo v 2024 godu. Rezhim dostupa: https://lenta.ru/news/2024/10/01/sostoyanie-bogateyshih-rossiyan-rezko-vyroslo-v-2024-godu/ (data obrascheniya – 26 yanvarya 2025 g.)

20. Korechkov, Yu.V. Geooligarhiya, den'gi i geopoliticheskie vzryvy / Yu.V. Korechkov, S.A. Sirotkin. - Tekst : elektronnyy // Teoreticheskaya ekonomika. - 2024 - №5. - S101-113. - URL: http://www.theoreticaleconomy.ru DOI: https://doi.org/10.52957/2221-3260-2024-5-101-113; EDN: https://elibrary.ru/IMUZPW

21. Rosstat: srednyaya nominal'naya zarplata v RF dostigla 83 891 rublya v iyule-sentyabre. Rezhim dostupa: https://www.audit-it.ru/news/finance/1111326.html (data obrascheniya - 16 yanvarya 2025 g.)

22. Grekov I.E. Obosnovanie klyuchevyh parametrov byudzhetnoy i denezhno-kreditnoy politiki kak celerealizuyuschih institutov povysheniya effektivnosti obschestvennogo razvitiya : avtoreferat dis. ... doktora ekonomicheskih nauk : 08.00.10 / Grekov Igor' Evgen'evich; [Mesto zaschity: Orlov. gos. tehn. un-t]. - Orel, 2010. - 51 s. EDN: https://elibrary.ru/QGWTAL

23. Grekov I.E. O neobhodimosti ocenki srednego urovnya blagosostoyaniya s uchetom neravnomernosti raspredeleniya naseleniya po dohodam / V.G. Sadkov, I.E. Grekov // Izvestiya OrelGTU. Seriya «Ekonomika, upravlenie, pravo».-2005.-№2-S.35-46.

24. Isaev, A.D. Inflyaciya: prichiny i reshenie problemy na primere Uzbekistana / A.D. Isaev. - Tekst : elektronnyy // Teoreticheskaya ekonomika. - 2023 - №11. - S.11-19. EDN: https://elibrary.ru/JWUUII

25. Shahnovich R. M. Inflyaciya i antiinflyacionnaya politika v perehodnoy ekonomike [Tekst] / R. M. Shahnovich. - Moskva : LIBROKOM, 2012. - 388 s. : il., tabl.; 21 sm.; ISBN 978-5-397-03238-4 EDN: https://elibrary.ru/QVKFMF

26. Korechkov Yu.V., Suhovskaya A.M., Velikorossov V.V., Kolesov R.V. Institucional'nye izmeneniya integrirovannyh korporativnyh struktur kak faktor ekonomicheskogo rosta // Finansovaya zhizn'. 2022. № 4. S. 45-49. EDN: https://elibrary.ru/PKDIRQ

This work is licensed under Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International

PDF JATS XML

Executive editor

Maksim Markin

markinmi@ystu.ru

Chief Editor

Valery Gordeev

vagordeev@rambler.ru

Deputy Editor-in-Chief

Marina Mayorova

mayorovama@ystu.ru

Deputy editor-in-chief

Galina Rodina

galinarodina@mail.ru

5405

downloads

This work is licensed under Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International Creative Commons

GOST

Korechkov Y. V., Kvasha V. A., Mudrevskiy A. Y. Economic growth and inflation // Theoretical economics. 2025. no. 2. pp. 23-35. DOI: https://doi.org/10.52957/2221-3260-2025-2-23-35. (Date of access 27.10.2026).

MLA

Yuriy Korechkov, Kvasha V. A., Mudrevskiy A. Y.. "Economic growth and inflation." Theoretical economics.2 (2025): 23-35. DOI: https://doi.org/10.52957/2221-3260-2025-2-23-35.

APA

Korechkov Y. V., Kvasha V. A., Mudrevskiy A. Y. (2025). Economic growth and inflation. Theoretical economics(2), 23-35. https://doi.org/10.52957/2221-3260-2025-2-23-35

Chicago

Yuriy Korechkov, Kvasha V. A., Mudrevskiy A. Y.. "Economic growth and inflation." Theoretical economics, no. 2 (2025): 23-35. https://doi.org/10.52957/2221-3260-2025-2-23-35.

WIKI

{{cite journal | author = Korechkov Y. V., Kvasha V. A., Mudrevskiy A. Y. | title = Economic growth and inflation | journal = Theoretical economics | year = 2025 | issue = 2 | pages = 23-35 | doi = 10.52957/2221-3260-2025-2-23-35 }}

Copy

Export: BibTeX EndNote RefMan RusMARC

ECONOMIC GROWTH AND INFLATION Economic growth and inflation

Confirmation