VolRC RAS scientific journal (printed edition)
RuEn

Journal section "Sustainable development of territories, branches, and production complexes"

Revisiting the Increasing Consumer and Investment Domestic Demand

Leonidova E.G., Rumyantsev N.M.

1 (105), 2020

Leonidova G.E., Rumyantsev N.M. Revisiting the increasing consumer and investment domestic demand. Problems of Territory's Development, 2020, no. 1 (105), pp. 52–63. DOI: 10.15838/ptd.2020.1.105.4

DOI: 10.15838/ptd.2020.1.105.4

Abstract   |   Authors   |   References
The article is devoted to a topical problem of increasing the domestic demand in the Russian Federation the untapped potential of which inhibits the growth of the country’s economy. The purpose of the article is to define the areas of increasing consumer and investment demand able to ensure economic growth in the short term. Based on the analysis of statistical data reflecting the total domestic demand in the context of the countries of the world, it is determined that currently, Russia substantially lags behind the major countries on this indicator: the USA, China, Japan, Germany, and India. On the basis of the analysis we revealed the reduction of domestic demand in the country and its regions. It is determined that there is a significant drop in the share of gross savings as a part of domestic demand due to unattractive conditions for investment for businesses and the low investment attractiveness in most regions of the country. The information base was made up by the works of Russian and foreign economists in the field of methodological and practical issues of strengthening of aggregate domestic demand, as well as statistical data of the state statistics bodies and the World Bank. The study is based on general scientific methods of comparison, generalization, analysis, synthesis. The article can be applied in research and educational activities. It may be of practical interest for bodies of power and control implementing economic policies for increasing consumer and investment demand by solving the problems of the territories’ economic growth. Further topical area of research is the developing a mechanism to strengthen the domestic demand at the regional level

Keywords

economy, consumer demand, gross capital formation, final consumption, domestic demand, investment demand

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