Financial factors of economic growth in modern economy of Russia
The article considers key factors of the economic growth of Russian Federation. Their essence and degree of influence on the state of the economy are determined. The study establishes the vital aspects of assessing economic growth based on both production factors and indicators of a financial sector.Various models for the evaluation of the economy and the role of financial factors in them are studied. The work also determines the direct impact and effectiveness of financial measures on the state of country's economic sector. Having identified the key indicators, the situation in the Russian economy is evaluated. Prices for energy resources, an increase in the accumulation of funds, the search for profitable instruments, and a reduction in investments are considered as prime factors of Russian ecomomy. The main sources of GDP growth and the shortcomings of the financial sector, being the basis for ensuring economic growth, are identified. Based on this study, recommendations are provided.