Pushkinskaya st. 43. office 10
Rostov-on-Don, Russia
344082
e-mail: info@hjournal.ru 
tel. +7(863) 269-88-14

cubsEN (2)

In Search of Social Development Factors: from Monocausal Concepts to Polycausal

In Search of Social Development Factors: from Monocausal Concepts to Polycausal

Journal of Economic Regulation, , Vol. 10 (no. 4),

In the article a critical analysis of modern theories of economic growth and social development of the society is provided. As the key ones are considered such theories of foreign and Russian researchers as J. Diamond, D. Acemoglu and J. Robinson; Ch. Welzel; D. North, J. Wallis and B. Weingast; T. Piketty; N. Taleb; E. Fromm; S. Kirdina-Chandler; V. Polterovich, E. Balatsky. There is shown that modern theories conditionally can be divided into two groups: monocausal, emphasizing the role of the dominant factor in the development of society, and polycausal, studying the mutual influence of heterogeneous factors. Meanwhile, during the analysis it was substantiated that theories, claiming to be monocausal, in fact are not such ones. That happens because along with the dominant factor they study the influence of other groups of factors and economic mechanisms on the evolution of society. The critical analysis of modern theories of the development from the point of view of their potential to consider from a single position a variety of social changes over long time periods allowed to identify among them the most perspective ones. It is shown that the theory of cycles of coercion Polterovich– Balatsky, supplemented by the concept of constant and variable factors of development, is a productive synthesis of all teachings. The further development of the theory can serve as the base for creating the generalized model of economic growth which will allow it to claim the role of a general development theory, linking all the factors of the evolution of society.

Views: 406

Continue Reading

Private Housing for the Russian Households: Motivations and Constraints

Private Housing for the Russian Households: Motivations and Constraints

Journal of Economic Regulation, , Vol. 10 (no. 4),

The paper deals with the problem of identifying motivations and barriers for private housing construction. The author focuses on Russian reality, specifically on the housing projects for households living in three federal districts. Data were collected using a questionnaire survey performed on a sample of n = 107 respondents from North Caucasian, Far Eastern, and Northwestern Federal Districts. Research findings suggested the importance of private housing construction for the respondents; however, a list of barriers was identified, which prevent households from building more private houses. Financial barriers include a lack of finance and an unaffordable mortgage. Land affordability issues include difficulties with purchasing land plots for housing construction, and provision of appropriate engineering infrastructure. Organizational issues, as well as lack of reliable suppliers and contractors, are also among the most significant project constraints. Besides, the respondents demonstrated readiness to benefit from the assistance of local administrations and employers, including consulting and organizational support. It is therefore reasonable to suggest a range of services to provide affordable financial, consulting and organizational assistance as a part of complex political decision-making to support private housing construction in Russia.

Views: 421

Continue Reading

Social Inequality, Investment, and Economic Growth

Social Inequality, Investment, and Economic Growth

Journal of Economic Regulation, , Vol. 10 (no. 4),

Many generations of economists have been investigated the problems of poverty, social inequality, and equitable distribution of wealth in society for years. On the one hand, excessive inequality in income distribution exacerbates social tensions, leads to political instability and, ultimately, hinders economic development. On the other hand, the state policy aimed at overly active mitigation of material imbalances in society has a restraining effect on investment activity, which adversely affects the growth of the economy. Therefore, the paradigm began to dominate, according to which some optimal level of differentiation of incomes maximizes economic growth. This level not reducing the incentives for enrichment and not leading to impoverishment of the bulk of citizens. The article presents econometric models demonstrating the nature of the influence of the Gini index on GDP growth rates, as well as the volume of GDP on the value of investments in fixed assets. The results of the evaluation of models based on data from 80 leading economies of the world allowed us to determine the level of social inequality in Russia, maximizing economic growth. Calculations have shown that really extremely low and excessively high levels of material differentiation constrain economic growth. Also for Russia, the article contains forecasts of GDP growth under various scenarios of changes in the Gini index and the volume of investments in fixed assets.

Views: 527

Continue Reading

Investment Activity of Tourism Clusters as a Means of Formation of International Tourism Entrepreneurship

Investment Activity of Tourism Clusters as a Means of Formation of International Tourism Entrepreneurship

Journal of Economic Regulation, , Vol. 10 (no. 4),

This article discusses with the formation and development of international tourism entrepreneurship by stimulating investment activity of tourism clusters. The mechanism of stimulation of investment activity and its directions of concentration of investment streams in tourist business are considered. The main tasks in order to attract investment in the tourism industry of the region is to initialize organizational and economic processes aimed at injecting capital into the tourist infrastructure. A favorable environment for the creation of such mechanisms is to improve the quality and efficiency of managerial decisions in the investment industry, as well as ensuring the interaction of methodological, instrumental and managerial functions aimed at implementing investment projects. Tourism is the litmus of the level of coordination of interaction between municipal authorities and business structures in the region. The formation of a favorable tourist climate, the improvement of infrastructure and the creation of tools and mechanisms in tourism are an important factor for the development of tourism entrepreneurship, which is one of the budget-forming areas of the domestic regional economy, which is possible only with a systematic approach and sufficient justification of investment objectives in the region.

Views: 424

Continue Reading

Management of National Energy Corporations as a Part of Russian Economic Safety

Management of National Energy Corporations as a Part of Russian Economic Safety

Journal of Economic Regulation, , Vol. 10 (no. 4),

The article devotes to the problems of analyses the improving directions of strategic management by public energy corporations organizational and economic mechanism as the basics for ensuring economic safety of Russia. The authors focus on the analysis of the dynamics of the main financial indicators of the largest Russian state corporations. The choice of the object is determined by the importance of the fuel and energy sector in the overall scale of the Russian economy. According to the authors, the analyses of the functional peculiarities of the system of state strategic management of general energy corporations reveal the basic laws of the organizational and economic mechanism development of economic safety management for both the fuel and the energy sector and the national economy as a whole. The main state programs and legal acts selected for the study, which arranged and ordered according to the degree of subordination and importance for strategic planning at the state level. Analyzing the current state of the organizational and economic mechanism of strategic management of the largest state Energy corporations of fuel and energy branch, the authors paid special attention to the study of the logic of the functioning of business models of the largest energy corporations.

Views: 560

Continue Reading

Modelling of Innovative Development of the Forest Industry Complex

Modelling of Innovative Development of the Forest Industry Complex

Journal of Economic Regulation, , Vol. 10 (no. 4),

The article aims to explore modern ways of rational and efficient use of wood resources in the context of innovative development of the forest industry. The authors identify the fact that in the process of wood processing waste leads to a significant loss of material and energy potential of wood resources. Therefore, the reduction in the generation of wood waste is an indicator of the progress of the timber industry towards reducing the material intensity of production and consumption of the products of the complex, while the inappropriate processing or dumping of generated waste into the existing ecosystem causes pollution of the environment and negatively affects the health of the population. The authors make arguments showing that woodworking can become one of the drivers of economic growth of many "forest" regions of the Russian Federation, but at present the potential of woodworking industries is not fully used. The materials of the study suggest that the main reason for this is the unresolved issues of recycling of low-grade wood, waste from logging, sawmilling, woodworking against the background of the fact that the European part of Russia has already openly recognized the shortage of wood raw materials. Therefore, today it is necessary to intensify the innovative activity of the forest industry complex and pay special attention to the development of this sphere in those territories that are rich in resources, but where forest processing is not yet among the leading industries, although it is declared one of the priorities for the development of the regional economy.

Views: 407

Continue Reading

The Influence of Innovations on International Electric Power Business in the 21st Century

The Influence of Innovations on International Electric Power Business in the 21st Century

Journal of Economic Regulation, , Vol. 10 (no. 4),

The article considers the influence of innovative technologies on prospects of international electric power business. The study is based on comparison of macroeconomic indicators and data of the largest electric power companies, which made it possible to determine the main directions of mutual influence of business and the world economy. Currently the world economy is at the beginning of the recovery phase of the Kondratiev big cycle, which coincides with the beginning of a new technological formation. The growth in use of new technologies for the production and transmission of electricity is the evidence of their effectiveness. At the same time the possibility of introducing fundamentally new, disruptive technologies into the existing architecture of the world electric power industry can cause paradigm shifts, radically changing principles of operation in centralized power supply. International electric power business is in difficult conditions of turbulence of the world economy and uncertainty of the development strategy of electric power industry. The largest electric power companies independently develop R&D, trying to obtain a competitive potential in the world market. Another way to maintain a stable position for companies is to optimize the portfolio of assets, primarily through mergers and acquisitions. Acquisition of assets, both in the electricity business and in related industries, can help company to achieve a synergistic effect, and sale of part of assets – get rid of non-core business or focus on a certain type of activity. To optimize their portfolios, companies also conducted business restructuring, most often this is due to allocation of innovative direction in a separate activity. Thus, a close relationship between the policy of companies in the electricity business in the field of R&D and the future development of world energy is seen. At the same time, electricity companies occupy a wait-and-see position, optimizing the management structure and composition of assets, which makes it possible to participate in the development of new technologies and their implementation.

Views: 420

Continue Reading

Cryptocurrencies at the Modern Stage of the Evolution of Money

Cryptocurrencies at the Modern Stage of the Evolution of Money

Journal of Economic Regulation, , Vol. 10 (no. 4),

The monetary system is constantly evolving, and in the digital age, the next stage in the currency system is cryptocurrency technology. The study presents a comparative analysis of cryptocurrencies and various types of money, and also considers the theoretical aspects of the functioning of cryptocurrency as a new form of money. The article shows that cryptocurrencies currently do not have a generally accepted definition and a comparative analysis revealed that the future definition of cryptocurrencies should be focused on their similarity to fiat money and their private form. Cryptocurrencies are also analyzed from the point of view of their fulfillment of the functions of money and from the point of view of compliance with the characteristics of generally accepted money. On the example of Bitcoin, the study showed that at the moment not all the functions of money are performed and there is a mismatch with the property of stability, due to the high volatility of the cryptocurrency. Thus, the alleged concept that affects cryptocurrency volatility has been identified, and coefficients have been calculated that show the expected effect on the decrease in cryptocurrency volatility. The results of the study showed that theoretically cryptocurrency is able to function as a new form of money and is the next stage in the evolution of money. It is concluded that if cryptocurrencies are fully recognized by states as money, then it is worth focusing on the transformation of the functions of money.

Views: 410

Continue Reading

Tools for Overcoming Gender Inequality in the Workplace: Experience of France

Tools for Overcoming Gender Inequality in the Workplace: Experience of France

Journal of Economic Regulation, , Vol. 10 (no. 4),

The article discusses means employed to fight against women discrimination in the workplace in France. The first part of the article provides a brief description of the development of legislation against gender inequality, both in the EU as a whole and in France. The central place in the article is given to the characteristic and methodology of calculating the index of equality of men and women in the workplace, developed in France. When calculating the index, five indicators are taken into account that characterize the degree of inequality of men and women in the field of social and labor relations: the difference in the amount of base salary, collective and individual bonuses, differences in the distribution of individual bonuses, career opportunities, the percentage of employees who have been promoted after return from maternity leave, the ratio of women to men among the ten highest paid employees. The article also discusses the main tools aimed at overcoming gender inequality in the workplace in France. Of greatest interest in this regard are Renault, Orange and Suez companies, in which engineering professions play the central role resulting in the high proportion of male employees. The final part of the article shows the limitations and discussion regarding the methodology for calculating the index of equality of men and women.

Views: 494

Continue Reading

Labor Market Precarization in the Context of Technological Change

Labor Market Precarization in the Context of Technological Change

Journal of Economic Regulation, , Vol. 10 (no. 4),

This article is devoted to the study of technological innovations’ influence on the structure of universities ‘courses and the level of graduates’ employment. There are different ways of defining the term “technologies and technological changes”, but this paper is based on the broad sense of the term, which also includes social technological changes. Due to these changes, the institute of education forms the system of our priorities and beliefs about the way the society has to function. An analysis of institutional changes in the sphere of high education as far as technologic progress shows the high level of influence on changing the structure of employment among graduates. For instance, it causes the wide-spreading of forms of non-standard employment and as a consequence the precarization of the labor market. Besides the global technological changes in the labor market, this paper demonstrates the local peculiarities of graduates’ employment in Southern Federal District with using of statistic data.

Views: 428

Continue Reading

Effects of Influence of Professional Identity on Labor Results and Subjective Well-Being

Effects of Influence of Professional Identity on Labor Results and Subjective Well-Being

Journal of Economic Regulation, , Vol. 10 (no. 4),

The analysis scheme adopted by us in this study summarizes and extends the results of previous works on subjective well-being (SWB) and organizational effectiveness. In this article, we will examine how self-identification can affect the involvement, productivity, and subjective well-being of employees of organizations by the example of scientific and pedagogical workers. We made the analysis of increasing labor productivity possibilities and job satisfaction, by using economic agents of their strong individual characteristics and involvement in organizational citizenship behavior (OCB).

Views: 354

Continue Reading

Trust and Institutional Traps in Education and Science

Trust and Institutional Traps in Education and Science

Journal of Economic Regulation, , Vol. 10 (no. 4),

The article is devoted to the study of trust in education and science in the theory of institutional traps. There are different ways of defining the term “trust”, but this paper based on the approach to trust that was used by A.V. Shmakov in his works. The problem of determining the optimal level of trust is still relevant. There is a crisis of confidence in science and education caused by optimization, which destroys trust between actors and changes the prevailing types of trust. Trust is differentiated between personified and non-personified. Individual cooperation experience, counterparty reputation, and group affiliation of the counterparty are the main factors in building trust. Empirical data were obtained as a result of questionnaires and in-depth interviews of scientific and pedagogical workers of the Southern Federal University. An analysis of the data shows that institutional traps (especially the metric trap, the trap of increasing bureaucratization, the trap of human resources) have a negative impact on the level of trust in higher education and science. Institutional traps impede the interaction of actors and reduce the satisfaction of academic staff with the education and science systems. They also create distrust of officials and organizations that regulate the system of education and science. The article suggests the main ways to overcome the crisis of confidence, which based on the development of academic freedoms and the reduction of bureaucratic regulation.

Views: 412

Continue Reading

Reforms of Higher Education in Context of New Managerialism

Reforms of Higher Education in Context of New Managerialism

Journal of Economic Regulation, , Vol. 10 (no. 4),

The paper focuses on the analysis of reform of higher education. The reform bases on the ideology of new managerialism. It is reflected the interrelation between this reform and liberal ideological discourse. It is grouped formal institutional norms (regulative norms) consisting of the rules of professional societies, market participants and government public acts as the general type. In the case of the reform of higher education in Great Britain, general events are classified into three broad groups: modernization, marketization and corporatization. It is also identified general stages of this reform. It is detected important negative effects engendered by such reform i. e. asymmetry of information, an increase of dichotomy “efficiency-justice” in public sector (higher education) and the problem of higher education in the setting of proportion and balance between technological and economic development, and creative (artistic) activities as intrinsic value for human beings. Developing and implementing the conception “the New Public Service” will help to correction of the direction of the reform in higher education and stimulate the values of collaboration, trust and productive accommodative assistance in this sector

Views: 424

Continue Reading

Economic and Professional Subjective Welfare of Scientific and Pedagogical Workers in Modern University

Economic and Professional Subjective Welfare of Scientific and Pedagogical Workers in Modern University

Journal of Economic Regulation, , Vol. 10 (no. 4),

The article presents the results of the subjective well-being study of a certain social and professional group – scientific and pedagogical workers of modern universities. The results of a survey of 750 scientific and pedagogical workers of universities in the Southern Federal District and North-Caucasian Federal District, as well as 10 federal universities of Russia, with a focus on identifying the importance of subjective well-being factors of higher education teachers, are presented and the contribution of materialism and post-materialism to this phenomenon is revealed. The conclusion is drawn about the relationship of well-being in the field of scientific and pedagogical activity with indicators of satisfaction with life, social relations, and emotional involvement of teachers in professional activities. The results are interpreted in a interdisciplinary studies methodological framework of positive psychology, sociology, institutional and behavioral economics.

Views: 365

Continue Reading

Effects of Protecting the Interests of Subjects of the Public Procurement Contract System: Case of the Rostov Region

Effects of Protecting the Interests of Subjects of the Public Procurement Contract System: Case of the Rostov Region

Journal of Economic Regulation, , Vol. 10 (no. 4),

From 2014 to the present moment in time, an integral contract system in the field of budget procurement is being formed in Russia. However, at the same time, this market is still corruption-intensive, which sets the task of improving mechanisms for monitoring compliance with the law. The article analyzes the effect of the institutional mechanism for protecting the rights of subjects of the contract system in the Rostov region for the period 2014–2017. The procurement participants can go through three instances (arbitration, appeal and cassation), judicial protection of rights regarding the decision of the control body (Office of the Federal Antimonopoly Service in the Rostov Region), the fourth instance is the supervisory authority – the Supreme Court of the Russian Federation. Based on the data obtained on decisions of the judiciary, the article identifies the institutional effects of protecting the interests of the subjects of the contract system, which affect the behavior of participants in the quasi-market of budget purchases.

Views: 372

Continue Reading