Features of the Functioning of Sovereign Funds at the Turn of the XX–XXI Centuries
https://doi.org/10.26794/2226-7867-2019-9-4-136-141
Abstract
On the threshold of the fourth technological revolution, it is necessary to draw attention to the many years of experience in managing state reserves for determining the main trends in the development of sovereign funds. It would allow revision of the mechanism of using their assets in Russia to ensure a contribution to achieving balanced growth of the domestic economy at rates exceeding the world average. Our work aims to identify and analyse the main features of the functioning of sovereign funds at the turn of the XX–XXI centuries. We paid particular attention to quantify the influence of a variety of economic factors on the functioning of sovereign funds. We used methods of correlation and regression analysis. The data obtained with its help made it possible to forecast the number of funds of the National Wealth Fund, the dynamics of which is an essential indicator in terms of stimulating the growth of the Russian economy. As a result of the research, we presented the description of the main trends in the development of sovereign funds, the main problems of the functioning of sovereign funds in Russia and the ways to solve them.
About the Authors
L. Yu. Arkhangelskaya
Financial University
Russian Federation
Arkhangelskaya L. Yu., PhD in Economics, Associate Professor, Department of accounting, analysis and audit
Russian Federation
Arkhangelskaya L. Yu., PhD in Economics, Associate Professor, Department of accounting, analysis and audit
N. O. Bondarenko
Financial University
Russian Federation
Bondarenko N. O., Student of the Faculty of Finance and Economics
Russian Federation
Bondarenko N. O., Student of the Faculty of Finance and Economics
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Review
For citations:
Arkhangelskaya L.Yu., Bondarenko N.O. Features of the Functioning of Sovereign Funds at the Turn of the XX–XXI Centuries. Humanities and Social Sciences. Bulletin of the Financial University. 2019;9(4):136-141. (In Russ.) https://doi.org/10.26794/2226-7867-2019-9-4-136-141
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