Concepts of Economic Growth for Financial Stability of the State

Abstract

The article is devoted to the analysis of existing concepts of economic growth in the light of their influence on the condition of the state financial system. The authors show the reflection of financial indicators in fundamental macroeconomic functions and reconstruct many of them. The concept-based feasibility of the main growth indicators of the national economy can serve for practical studies and further – for extrapolation of scenarios used for regulating structural financial parameters of the financial system to ensure stability of the latter in real conditions of high volatility of the external market. A comparative analysis of the dynamics of macroeconomic and financial indicators of the Russian economy is carried out to identify trends in the socio-economic development of the Russian Federation. In view of high relevance of research on the sources of sustained economic growth, the main goal of the authors is to search for a fundamental conceptual justification of the possibilities of socio-economic development while maintaining stability of the country's financial system. The result of the study is a theoretical model design that reflects a combination of economic and financial parameters of national economy, whose regulation can ensure the growth of national economy under financial stability.