Izvestiya of Saratov University.
ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)


конвергенция

The Relationship and Interdependence of Convergence and Integration in the Economy

Introduction. The trend of globalization of the modern economy leads to the increasing relevance of convergence and integration, the relationship and interaction which do not cause doubts. Theoretical analysis. The article discusses the integration and convergence as processes of interaction between homogeneous or heterogeneous elements of different economic systems, which are closely interwoven with each other. Discusses the question of the primacy of processes of integration and convergence.

Cross-Country Analysis Influence of Banking Credit on Economic Growth

Introduction. The aim of the work is to econometrically study the impact of bank lending on economic growth rates on the basis of cross-country comparisons based on average data for 2005–2015. Theoretical analysis. In the article it is proposed to use the Schumpeterian model of convergence between countries with financial constraints, which was improved in [1] to analyze the influence of bank lending on economic growth.