The Long-Term Macroeconomic Factors Affecting the Dynamics of the Russian Economy
The article presents analysis of dependence of the dynamics of the gross value added in the Russian economy on the efficiency of investments in various activities and on the sectoral structure of investments. It is concluded that the redistribution of investments between activities, could contribute to accelerating of Russian economic growth without increase in the share of savings and the total investment. The construction and econometric analysis of production functions make it possible to quantify the dependencies postulated on the basis of the primary processing of statistical material and to reveal the effect of changes in the two main explanatory variables, labor and capital, on the dynamics of gross value added. The article also formulates optimization task of redistribution of investments between activities and its solution is given.