Tula, Tula, Russian Federation
Tula, Tula, Russian Federation
The paper puts forward a hypothesis that the policy aimed at limiting Russia's global economic relations on the part of the United States, Great Britain and the European Union may influence the potential of economies differently than was assumed when this policy was formed, and the results of this policy are assessed. The potential of economies was measured by gross fixed capital formation. The estimates of the dynamics of capital accumulation in the paper are given by constructing econometric models of fixed capital accumulation in different periods of the 21st century. UN data and Rosstat data were used. It was established that the potential of the Russian economy at the beginning of the 21st century was growing at a high rate, significantly exceeding the rate of growth of the potential of the economies of the largest European countries, with stagnation of the potential of the economies of the United States and Great Britain. The anti-Russian economic policy of the United States and the European Union contributed to the formation of a trend of growth of the economic potential of the United States and an increase in the rate of growth of the economic potential of France. This policy led to the development of a decline in the potential of the economy of Harmony and did not affect the potential of the economy of Great Britain, which did not overcome the trend of stagnation. The growth of the US and French economies was, to a certain extent, achieved at the expense of the decline in the potential of the German economy. The growth rate of the Russian economy's potential has somewhat slowed down since 2014. However, already in the 2020s, the growth rate of economic potential has recovered to the level of the beginning of the 21st century, which exceeded the growth rate of the US economy's potential by 3.4 times.
fixed capital accumulation, sanctions, correlation, closeness of connections, econometric models
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