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Financial speculative surcharge: essential characteristics and limiting factors


Dmitriy Firsov
(about the author)

Firsov Dmitriy A. – Candidate of Science, Economics, Applicant for doctoral degree, Economics. The Chair of Public and Municipal Finances (The St. Petersburg State University of Economics)

Published in:
Russian Journal of Entrepreneurship
– Volume 16, Number 18 (September, 2015)



Keywords: financial disproportions, financial speculative surcharge, natural resource royalty, negative added value


Citation:
Dmitriy Firsov (2015). Financial speculative surcharge: essential characteristics and limiting factors. Russian Journal of Entrepreneurship, 16(18), 3053-3070. doi: 10.18334/rp.16.18.1951


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Abstract:

The article is dedicated to the mass-scale financial disproportions of the domestic economy that have formed in the recent 20 years. These disproportions manifest themselves in the decrease of the share of means justified by actual labor expenditure and natural resources cost and the increase of those not justified. The basic characteristic of such disproportions is financial speculative surcharge which is the main factor restraining the country’s economic development.








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