The study of the new theory of endogenated economic development, on the basis
of which all assumptions are made in this study, was paid attention to in the late 80s of
the last century by P. Romer and R. Lucas [9, 11], who identified and proved by empirical
calculations all the main factors of economic growth of the state. These studies are
considered early theories of endogenated economic growth on a long-term basis and name
the following main determinants of growth: investments in real capital, human capital,
taxes, and technology development. Their work was continued in the 90s by American
researchers R. Barro, I. Salla y Martin and R. Levine,12 who identified another component
of the state's economic growth – financial development.
