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Search the way of Soviet Russia development: bifurcations and alternatives, 1918-1928

Search the way of Soviet Russia development: bifurcations and alternatives, 1918-1928

Journal of Economic Regulation, , Vol. 4 (no. 3),
p. 6-25

In the 1918-1928 an institutional search is carried out in Russia - search of this type of economic policy, which would bring the country out of the systemic crisis. The victory of the Bolsheviks led eventually to the alternative modernization - an attempt to solve the same problems that have considered by the countries of first and second levels of capitalism development, but by means of diametrically different methods: no transformation of the market mechanism, but its complete replacement by policy management mechanism. The modernization program of the Russian economy was born, not only and not so much on theoretical reflection, as of the daily business practices of the "Bolshevik experiment". Communist ideology has played in the choice of these methods a significant, but not decisive role, on the contrary, the alternative modernization practice led to "adjustment" the ideology to a real opportunity.

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Institutional basis of financial support to cluster initiatives in the regional economy

Institutional basis of financial support to cluster initiatives in the regional economy

Journal of Economic Regulation, , Vol. 4 (no. 3),
p. 41-46

Russian and international experience of institutional support to cluster initiatives on the federal and regional levels is investigated in the paper.

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Russian market of alcohol products: institutional analysis, conclusions and proposals

Russian market of alcohol products: institutional analysis, conclusions and proposals

Journal of Economic Regulation, , Vol. 4 (no. 3),
p. 47-57

The alcohol production market has a great interest for the scientific economic analysis, because it has special characteristics, being one of the most important sources of budget replenishment. On the one hand, the growth of the market leads to increasing of revenue in budget, on the other hand — has negative social consequences, which can adversely affect the future social-economic development. Therefore, governments of many countries pursue a policy of quantitative restriction and improve the quality (culture) of consumption alcohol production. Russia in this list is not exception. Analysis of the alcohol market is the most interesting from the point of view of institutional approach with the many features of its structure and functioning characteristics. The aim of this study is to identify the true causes of the institutional changes in the Russian market, as well as analysis of the consequences of such transformations.

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Institutional-instrumentality apparatus of ensuring the effective foreign economic activity of sectoral systems of economy in the region

Institutional-instrumentality apparatus of ensuring the effective foreign economic activity of sectoral systems of economy in the region

Journal of Economic Regulation, , Vol. 4 (no. 3),
p. 58-64

The author tries to analyze the various sectors of the Russian economy at the stage of the initial operation phase in the World Trade Organization. Further development measures both in Russia and in the Rostov region are proposed based on the analysis. Particularly in this transitional period the successful future development basis of the national economy sectors can be laid and the inevitable negative consequences of Russia’s entry into the WTO can be reduced.

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Strategic consortium as a mechanism for steady raising of the innovative industry potential in the south of Russia

Strategic consortium as a mechanism for steady raising of the innovative industry potential in the south of Russia

Journal of Economic Regulation, , Vol. 4 (no. 3),
p. 65-72

On the basis of analysis of the innovation activity level of the business in the South Russia the authors offer the use of partnerships in the consortium form, allowing to focus the innovation region resources on the strategically important development areas. Modeling tools of the strategic consortium formation are developed in the paper.

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The institutional transformations, defining development of the innovative complex of the region

The institutional transformations, defining development of the innovative complex of the region

Journal of Economic Regulation, , Vol. 4 (no. 3),
p. 73-80

Formation of institutional transformations in the Russian Federation is a long and innovative process that explains today economy transition from the Soviet model of development to innovative. The important precondition of active social-economic development of our country is a creation of new institutions. Institutional changes build new mechanisms of interaction between the state and its regions and as improvement of social infrastructure and cultural capacity of the country promotes the external economic development, taking into account an entry into the world markets. Use today the cluster approach, being important part of the state regional policy, increases competitiveness of the country and leads to sustained economic growth of regions. Updating of the full-fledged institutional environment in the Russian economy has to begin with regions that will allow to increase economic and technological development of the country.

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Institutional analysis and its internal heterogeneity: causes and consequences

Institutional analysis and its internal heterogeneity: causes and consequences

Journal of Economic Regulation, , Vol. 4 (no. 3),
p. 81-102

This paper deals with the problem of heterogeneity of institutional analysis, establishing the cause and effect of this heterogeneity. Particular emphasis is placed on the occurrence of two schools - the old and the new institutionalism, which are distinguished by the ratio of neoclassical analysis and the assumptions, as well as the method used understanding of economic phenomena. Diversification of institutional analysis is superior variety of neoclassical analysis, which is caused by the complexity of the object and the subject of the study, specific knowledge of methods of economic research and the inherent limitations of a descriptive method. However, the problem of allocating significant determinants of institutional change and economic growth, is preserved in the neo-classical, and institutionalism. Modern economics, despite the clear separation of the individual approaches, though not characterized by such a clear dividing lines between the earlier neo-classical and institutional analysis. The author highlights the most important themes of "old" institutional academic research program, is a problem of statics and dynamics in terms of the institutional approach

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Path dependence and path creation as the most important concepts in evolutionary economics

Path dependence and path creation as the most important concepts in evolutionary economics

Journal of Economic Regulation, , Vol. 4 (no. 3),
p. 103-112

The paper is devoted to presentation of the basic assertions of the path dependence and path creation concepts. Significance of these concepts for the evolutionary economics is revealed. The author provides examples of use of path dependence concept for analysis of technological and institutional changes. Causes of path dependence are systematized. Significance of mathematical and physical analogies for formal modeling of path dependence is shown. The criticism and the various attempts to refute the path dependence concept are considered. The path creation concept is interpreted as an example of improving of the concept of path dependence. The author integrates ideas of evolutionary concept of path creation and neoinstitutional concept of interest groups for influence evaluation of entrepreneurs, groups and organizations on trend of institutional change.

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Formation and evaluation of transaction costs of tax administration

Formation and evaluation of transaction costs of tax administration

Journal of Economic Regulation, , Vol. 4 (no. 3),
p. 113-120

The transaction sector occupies a significant place in the Russian economy, which, on the one hand, forcing economists deal with the problems of transaction costs, on the other hand, - to develop methods and ways of reducing them. The problem of optimization of transaction costs remains one of the most urgent problems of the modern taxpayer.

Views: 1159

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Consumer lending boom and socially responsible crediting of households in the Russian Federation

Consumer lending boom and socially responsible crediting of households in the Russian Federation

Journal of Economic Regulation, , Vol. 4 (no. 3),
p. 121-131

The paper deals with the main features of the modern boom in consumer lending in Russia. The question under discussion is paid special attention in context of increasing risks both for households which obtain the credits and for financial credit system in whole. In Russia, 57% of consumers choose consumption as the key strategy of financial behavior under economic uncertainty. General purpose loans and credit card loans added together form the major part of consumer credits provided by Russian banks. Short-term loans and medium-term loans which imply high interest rates cause the monthly expenses to pay the household’s loan to be about 20% of household’s monthly income. Financial instability of households accompanied with inequality in income distribution, «conspicuous consumption», growth of loan debts, lack of official statistics and irrelevant monetarist policy may result in social instability of the country. The author focuses on the Financial Instability Hypothesis suggested by H. Minsky to prove that capitalist economy endogenously generates a financial structure prone to financial crises. Proceeding from H. Minsky’s classification, the proposition that the speculative finance units together with «Ponzi» borrowers are the largest categories of consumer loan borrowers is put forth in the article. Support of socially responsible crediting (i.e., educational credits; credits for reconstruction of residential premises to increase energy efficiency; credits for development of entrepreneurship, personal household plots, gardening, horticulture, and for establishing work-from-home conditions for households with low income levels) provided for hedge financing units are considered to be an effective measure of counter-cyclical regulation which can reduce risks of financial instability in modern Russia.

Views: 2286

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