Role of financial architectonic in support of development of economic systems

Authors

DOI:

https://doi.org/10.21847/1728-9343.2016.1(141).173144

Keywords:

financial architectonic, national wealth, labor productivity, development of economic system

Abstract

Article studies level of influence of financial architectonic to the economic systems development. The essence of economic category "financial architectonic" is revealed, its characteristics are determined, namely: represents set of elements of financial system; is an integral system of the financial space; distribution and redistribution of financial resources and capital; has ability of renovation and qualitative changes according to challenges of globalization processes. Scientific heritage of such scholars as T. Beck, M. Miller, R. Levin, R. Lucas, J. Robinson, J. Schumpeter, were considered for determination of influence degree of financial mechanisms to economic growth. Conducted research allowed to obtain following results: banks, non-banking financial institutions and equity markets are more developed in rich countries with strong economies; effectiveness and depth of the national financial architectonic directly affects labor productivity and national wealth accumulation, representing key factor in the development of economic systems.

Author Biography

Inna Kotkalova-Lytvyn, Private Higher Education Institution “European University”, Kyiv

PhD in Economics, Associate professor, Department of Management and Marketing

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Published

2016-03-27

How to Cite

Kotkalova-Lytvyn, I. (2016). Role of financial architectonic in support of development of economic systems. Skhid, (1(141). https://doi.org/10.21847/1728-9343.2016.1(141).173144

Issue

No. 1(141) (2016)

Section

Economy

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Copyright (c) 2016 Inna Kotkalova-Lytvyn

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