Working Capital of the Russian Economy

Журнал «Дайджест-Финансы»
т. 22, вып. 4, декабрь 2017

Получена: 18.04.2017

Получена в доработанном виде: 11.05.2017

Одобрена: 19.05.2017

Доступна онлайн: 19.12.2017


Коды JEL: E43, G21, G31

Страницы: 447–455


Ermilina D.A. Market Economy Institute of Russian Academy of Sciences, Moscow, Russian Federation diana.ermilina@mail.ru

Importance The article discusses the state of working capital of the Russian economy.
Objectives The article aims to study various aspects of working capital of the Russian economy and its sources, and develop recommendations to address the problem of insufficient working capital and optimize the structure of the sources.
Methods For the study, I used methods of systems, logical and statistical analyses, classification and synthesis.
Results I assess some indicators of working capital by major economic activity and industry, showing an unsatisfactory structure of working capital. The paper contains certain recommendations and proposals to address the problem.
Conclusions and Relevance Most Russian enterprises lack their own sources of working capital. Bank loans constitute the principal source of borrowings, which hinders the production and economic activity due to high interest rates.

Ключевые слова: working capital, financial condition, equity, borrowed resources

Список литературы:

  1. Marx K., Engels F. Sochineniya. V 50 t [Selected works. In 50 volumes]. Moscow, Politizdat Publ., 1961, vol. 24, p. 188.
  2. Perlamutrov V.L. Problemy ispol'zovaniya oborotnykh sredstv v promyshlennosti [Issues of the use of circulating assets in industry]. Moscow, Nauka Publ., 1973, 213 p.
  3. Ermilina D.A. [The category of 'floating capital' in economic science]. Zhurnal ekonomicheskoi teorii = Journal of Economic Theory, 2016, no. 4, pp. 214–223. (In Russ.) URL: http://www.uiec.ru/content/zhurnal2015/22iErmilina.pdf
  4. Lushenkova N.I. [Issues of methodology analysis of financial condition]. Mir nauki i obrazovaniya = World of Science and Education, 2016, no. 1(5), p. 6. (In Russ.) URL: http://www.mgirm.ru/World_of_science_and_education/2016/1(5)/Lushenkova.pdf
  5. Saifieva S.N. [A method of calculation and the efficiency of industry tax burden in 2000–2008]. Finansy = Finance, 2010, no. 12, pp. 40–46. (In Russ.) URL: http://www.ipr-ras.ru/articles/sajf11-01.pdf
  6. Daskovskii V., Kiselev V. [The relationships of the real and banking sectors of economy]. Ekonomist, 2016, no. 1, pp. 15–29. (In Russ.)
  7. Daskovskii V., Kiselev V. [Degradation and phenomena of the investment activities in Russia]. Investitsii v Rossii = Investments in Russia, 2009, no. 5, pp. 20–32. (In Russ.)
  8. Andryushin S., Kuznetsova V. [The banking sector of Russia and its reform]. Voprosy Ekonomiki, 2009, no. 7, pp. 15–30. (In Russ.)
  9. Solov'eva S.V. [Problems of investment and lending in the Russian economy in modern conditions]. Segodnya i zavtra rossiiskoi ekonomiki = Today and Tomorrow of Russian Economy, 2016, no. 77, pp. 5–12. (In Russ.

Посмотреть другие статьи номера »


ISSN 2311-9438 (Online)
ISSN 2073-8005 (Print)

Свежий номер журнала

т. , вып. ,

Другие номера журнала