Econometric Assessment of Hidden Economic Growth Factors in the Russian Federation

The article provides a detailed overview of research related to the problems of economic dynamics. It is shown that well-known models of economic growth are based primarily on assessing the impact of internal factors on the Russian economy. An econometric assessment of economic growth factors and priority areas of its development was carried out. The following hidden growth factors and their importance were identified: focusing investments in fixed and human capital on the technological development of the country (68.99%); the growth of investments in fixed and human capital mainly in export-oriented industries (13.70%) and others. The implementation of the approach proposed in this paper, based on a comprehensive assessment of the impact of hidden factors on economic dynamics, GDP, and GDP per capita, will consistently increase investment in priority projects and achieve the best result from a variety of potential economic opportunities. At the same time, the fact of the increasing importance of openness of national economies should be taken into account. The latter, being more or less integrated into the global economic system, can both benefit from this participation and incur losses. The main promising areas of development of the Russian economy were identified.

econometric assessment, system paradigm, economic growth, priority areas of investment, growth factors, principal component method, correlation and regression analysis