Determinants of Sustainable Growth in World Economy and Russia

Student: Gyulmaliev Suleyman

Educational Programme: Financial Analyst (Master)

Year of Graduation: 2019

In economics there is no generally accepted approach to the problem of growth. Representatives of various economic schools (from Marxists to neo-classics) analyze only certain phenomena in the framework of a multi-component growth process. However, using the strengths of individual economic theories together with the use of modern mathematical models allows to fill the existing gaps and develop more acceptable schemes to ensure sustainable economic growth both at the international and national levels, taking into account the challenges that threaten human civilization in the 21st century. This paper is devoted to identifying the main sources of sustainable growth in developed and developing countries. In this paper, the analysis of panel data was used as a research methodology (growth models for developed and developing countries were constructed).

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