Indicators of convergence assessment of real and banking sectors of the economy Cover Image

Indicators of convergence assessment of real and banking sectors of the economy
Indicators of convergence assessment of real and banking sectors of the economy

Author(s): Anna Obukhova, Oleg Ostimuk
Subject(s): Economy
Published by: Institute of Society Transformation
Keywords: Banking Sector; Real Sector; Convergence Effect

Summary/Abstract: In modern conditions, the major prerequisite of economic and social development of the country is the sustainable growthof the national economy, which is why the improvement of the efficiency of all the sectors functioning is of great importance. Theeffectiveness of cooperation of real and banking sectors of the economy can be assessed in two ways - through the assessmentof quality and profitability of enterprises and organizations for which banking services are being provided by commercial banks(mostly crediting), and from the standpoint of businesses and organizations through the assessment of the efficiency of bank loansusage as a source of enterprises’ financing. The diversity of the forms of real and banking sectors interaction is determined by theobjective interdependence of their development. Interdependence and convergence of real and banking sectors of the economyhas been determined by the developed macroeconomic indicators (ConverS). The approbation of methodology has been realizedfor the Russian economy for the years of 2010-2015. As a result, we can suggest the creation of a sustainable developmentstrategy for real and banking sectors of the economy based on the effect of convergence.

  • Issue Year: 157/2016
  • Issue No: 3-4 (1)
  • Page Range: 50-52
  • Page Count: 3
  • Language: English