Risk-oriented approach to managing the social market economy

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Taisiia I. Krishtaleva ◽  
Elena A. Gureeva ◽  
Liliya A. Kripakova ◽  
Inna N. Rykova ◽  
Yuriy A. Krupnov
Keyword(s):  
Quality Of Life ◽  
Market Economy ◽  
Design Methodology ◽  
Social Market Economy ◽  
Content Type ◽  
The Social ◽  
Social Market ◽  
Specific Influence ◽  
Oriented Approach

PurposeThe purpose of the paper is to develop a risk-oriented approach to managing the social market economy.Design/methodology/approachThe first task is to determine the differences in susceptibility to the risk of the social market economy as compared to “pure” market economy. The authors use comparative analysis, variation analysis and correlation analysis for determining the dependence between quality of life in 2020 and variation of quality of life in 2012–2020, as well as variation of gross domestic product per capita in 2012–2020. The second task is to determine the perspectives of risk management of the social market economy in view of the specifics of the risk component of its functioning and development. Regression analysis is used for determining the dependence of quality of life in top ten countries with the social market economy in 2020 in the key risk factors that are peculiar for market economy and that lead to its destabilization: globalization, innovations and digitization.FindingsIt is substantiated that the unique economic and social environment predetermines the specific influence of the factors that are peculiar for the modern market economy. It is proved – by the example of top ten social market economies in 2020 – that social factors are more important for provision of stability of the social market economy than economic factors.Originality/valueA risk-oriented approach to managing the social market economy is developed; it takes into account the specifics of the risk component of its functioning and development. The offered approach showed that the social market economy requires indirect regulation of risks through correction of institutions.

Development of social market economy under the influence of noneconomic factors: modeling and regulation

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Agnessa O. Inshakova ◽  
Evgenia E. Frolova ◽  
Marina V. Galkina ◽  
Ekaterina P. Rusakova
Keyword(s):  
Economic Growth ◽  
Market Economy ◽  
Design Methodology ◽  
Social Market Economy ◽  
Content Type ◽  
Imitation Modeling ◽  
Economic Practice ◽  
Research Objects ◽  
Social Market

PurposeThe purpose of the paper is to model and develop recommendations for regulating the development of social market economy under the influence of noneconomic factors.Design/methodology/approachThe authors determine the existing examples of social market economies, in which quality of life clearly correlates with economic growth – and the research objects are thus determined. Then, the list of noneconomic factors, which could be quantitatively characterized based on the official statistics, is formed. The econometric model of dependence of the rate of economic growth of the selected noneconomic factors is created, and it is determined at which combination of these factors' influence it is possible to reach the target rate of economic growth of social market economy. Data are processed automatically by compiling the descriptive statistics and conducting regression analysis within the method of imitation modeling and multiparametric nonlinear optimization.FindingsIt is shown that, unlike the classical market economy (pure capitalism), in which economic factors dominate, social market economy (mixture of capitalism and socialism) is also influenced by noneconomic factors. This changes the view on economic growth as one of the most significant processes in the economic practice and one of the key research objects in economics. It is substantiated that there's a necessity not for micro- (as in the classical market economy) but for macroeconomic view on economic growth through the prism of factors that are external to entrepreneurship.Originality/valueThe results of imitation modeling allowed reducing the uncertainty and reflecting the specifics of economic growth of social market economy. The compiled model of multiple linear regression allowed narrowing down the circle and outlining four main noneconomic factors of economic growth of social market economy. The authors' recommendations for regulation of these factors are offered, and a mechanism of regulation of development of social market economy based on noneconomic factors management is offered.

scholarly journals Institutional Background of Social Market Economy

2019 ◽  
Vol 2018 (4) ◽  
pp. 164-169 ◽  
Author(s):  
Елена Чеботаренко ◽  
Elena Chebotarenko
Keyword(s):  
Market Economy ◽  
Market Mechanism ◽  
Social Market Economy ◽  
Equal Opportunities ◽  
The Social ◽  
Social Market ◽  
Fundamental Values ◽  
Universal Nature ◽  
Rules Of The Game

The quality of life of people and the degree of focus of market economy on the interests of people depend to a great extent on the structure of public institutes, which include formal and informal norms, rules and the organizations that support them. To develop these norms and rules, it is necessary to rely not only on rational considering and calculation of the interacting parties, but also on habits, customs, and traditions. The universal nature of functions of public institutes always acts in the specific ethical cover that reflects the culture of people, their idea of the social justice focused on three fundamental values: equal opportunities, overcoming excess inequalities, and providing honest rules of the game. The institutionalization process includes stages connected with understanding and acceptance by the majority of the principles of socially oriented economy, development of the particular rules, and mechanisms supporting them. Some institutes perform functions of control over the flaws of the market mechanism, others are aimed at alignment of excess social and economic inequalities and ensuring the compensating advantages to everyone.

Transformation into the social market economy: myth or reality for Russia?

2021 ◽  
pp. 48-53
Author(s):  
Y.M. Mirkin ◽  
Keyword(s):  
Market Economy ◽  
Social Market Economy ◽  
Second Stage ◽  
Intensive Intervention ◽  
The Social ◽  
Technological Modernization ◽  
Social Market ◽  
Development State ◽  
Russian Model

The article reveals the goals, conditions and mechanisms of transformation of the Russian model into a social market economy. Life expectancy, quality of life, super-fast economic growth, technological modernization were announced as goals. The quantitative parameters of these goals are given. The necessary changes in the models of collective behavior of the population and the Russian elite are explained as a condition for such a transformation. The stages of transformation are presented for discussion – the first, intensive intervention in the economy by the «development state», in order to eliminate deformations and launch superfast growth, the second stage is normalization. Revealed the transformation formula – the content of economic, financial, administrative policies leading to the creation of a social market economy in Russia.

Institutional matrix of social management in region's economy: stability and sustainability vs innovations and digitalization

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Veronika V. Yankovskaya ◽  
Vladimir S. Osipov ◽  
Aleksei G. Zeldner ◽  
Tatiana V. Panova ◽  
Vitalii V. Mishchenko
Keyword(s):  
Market Economy ◽  
Maximum Level ◽  
Social Market Economy ◽  
Research Subjects ◽  
Content Type ◽  
State Management ◽  
Institutional Approach ◽  
The Social ◽  
Social Market ◽  
Social Management

PurposeThe purpose of the article is to develop a new institutional approach to build the social market economy, which would allow balancing traditions and innovations, stability and technological progress in view of the specifics and priorities of the national economy, based on which regional models of social management will be built. The research study is performed to develop new institutional approach by the example of modern Russia by determining the institutional matrix of social management in economies of the regions that achieved the highest progress in formation of the social market economy.Design/methodology/approachThe authors use the proprietary methodology of evaluating the level of sociality of state management in region's economy, which includes the estimate formula and the scale for qualitative treatment of the results. The research subjects are top ten regions of Russia listed in the quality of life index in the year 2019.FindingsThe authors determine the regression dependence of the sociality index of state management in region's economy on the selected factors and compile the equation of multiple linear regression, as well as determine the optimal influence of the factors on state management of region's economy for increasing its sociality to the maximum level possible.Originality/valueThe specifics of building the social market economy in Russia are determined. Based on the established national peculiarities of the social market economy in Russia, the institutional matrix of social management in the Russian regions' economy is developed and it allows for optimal balance of stability and sustainability with innovations and digitalization.

“Please tidy up before leaving”: nudging Airbnb guests toward altruistic behavior

2019 ◽  
Vol 13 (4) ◽  
pp. 524-530 ◽  
Author(s):  
Paul Ranson ◽  
Daniel Guttentag
Keyword(s):  
Social Presence ◽  
Design Methodology ◽  
Field Experiments ◽  
Experimental Results ◽  
Altruistic Behavior ◽  
Content Type ◽  
The Social ◽  
Relationship Model ◽  
Social Market ◽  
Practical Implications

Purpose This study aimed to investigate whether increasing the social presence within an Airbnb lodging environment could nudge guests toward altruistic cleaning behaviors. Design/methodology/approach The study was based around a theoretical framework combining the social-market versus money-market relationship model, nudge theory and social presence theory. A series of three field experiments were conducted, in which social presence was manipulated to test its impact on guest cleaning behaviors prior to departure. Findings The experimental results confirmed the underlying hypothesis that an Airbnb listing’s enhanced social presence can subtly induce guests to help clean their rental units prior to departure. Originality/value This study is the first to examine behavioral nudging in an Airbnb context. It is also one of the first field experiments involving Airbnb. The study findings offer clear theoretical and practical implications.

Who is a “Senior”? Looking for a definition in the healthcare system

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Monica Consolandi
Keyword(s):  
Quality Of Life ◽  
Health Care ◽  
Healthcare System ◽  
Health Care System ◽  
Design Methodology ◽  
Social Role ◽  
Content Type ◽  
The Core ◽  
Starting Point

Purpose Seniors are nowadays at the core of important reflections to understand both how to ensure them a proper quality of life and better recognize their social role, providing them services and proper health care to value them as persons and resources. This paper aims to find a through definition about who is a senior, in the author’s opinion the starting point to help them flourishing. Design/methodology/approach As an example of definitions, an online dictionary and two geriatric text-books are quoted, highlighting qualities and rights referred to seniors especially in the delicate context of the health-care system. Findings The lack of a commonly shared perspective on this delicate kind of patient entails the difficulty to reach a coherent and satisfying definition about who a senior is. Originality/value The lack of a commonly shared definition leads to inevitable misunderstandings and could explain the arduousness of considering seniors in all their aspects. Further investigations are suggested.

Commentary on “The experiences of older carers of people with learning disabilities: ‘I just carry on with it’”

2021 ◽  
Vol 26 (1) ◽  
pp. 58-62
Author(s):  
Jan Sunman
Keyword(s):  
Quality Of Life ◽  
Learning Disabilities ◽  
Lived Experiences ◽  
Design Methodology ◽  
Policy And Practice ◽  
Content Type ◽  
The Voice

Purpose The purpose of this paper is to provide a commentary on the article by Rachel Forrester-Jones on the experiences of older carers of people with learning disabilities. Design/methodology/approach The commentary reflects on the themes identified in the original article, comparing its findings to the lived experiences of those taking part in older carers’ projects in Oxfordshire, England. Findings Similar broad themes were identified in both samples. Given these findings, the extent to which matters have changed, since the Valuing People work on older carers is considered. Originality/value The paper discusses policy and practice implications to improve the quality of life of older carers and their families and explores how the voice of older carers can be strengthened to enable them to shape practice and policy.

Systemic corruption and public procurement in developing countries: are there any solutions?

2018 ◽  
Vol 18 (2) ◽  
pp. 131-147 ◽  
Author(s):  
Sope Williams-Elegbe
Keyword(s):  
Quality Of Life ◽  
Developing Countries ◽  
Design Methodology ◽  
Public Procurement ◽  
Content Type ◽  
Asymmetry Of Information ◽  
Culture Of Silence ◽  
Systemic Corruption

Purpose Corruption affects development and quality of life of citizens in affected countries. The increase in anti-corruption measures globally reflects a consensus that corruption is pervasive and costly. Public procurement is one area in which corruption manifests because of the sums of money involved; the asymmetry of information; and the bureaucratic nature of decision-making, which presents opportunities for abuse. In developing countries, procurement corruption is rife because of institutional weaknesses, lack of enforced accountability mechanisms and culture of silence in relation to public sector malfeasance. Design/methodology/approach This paper examines procurement corruption in countries with systemic corruption, using Nigeria as a case study, to determine how to reduce public procurement corruption. Findings The paper will highlight prevalent corrupt schemes in public procurement in Nigeria, examine the reasons for the failure of state anti-corruption institutions and analyze the kinds of initiatives that reduced procurement corruption and increased accountability in other countries and the utility of adopting such mechanisms in the Nigerian context.

scholarly journals Civil Economy in the Social Market Economy: a Theoretical Perspective

2018 ◽  
Vol 6 (1) ◽  
pp. 87-98
Author(s):  
Flavio Felice
Keyword(s):  
Political Theory ◽  
Market Economy ◽  
Theoretical Perspective ◽  
The State ◽  
Social Market Economy ◽  
The Social ◽  
The Galaxy ◽  
Civil Economy ◽  
State And Market ◽  
Social Market

Abstract What do we mean by “civil” and “civil society”? This paper attempts to describe a complex notion of “civil economy” in Sturzo’s theoretical perspective of the social market economy. According to this political theory, “civil” is not opposed to “market,” which is not opposed to “the political” (the state). Rather, instead of being the transmission belt between the state and market, civil is the galaxy in which we find also the market and the state (but not only), each with its own functions. This tradition – rooted in Christianity – was able to oppose both Nazi and communist totalitarianism, while many Catholics made an impossible attempt to exhume corporatism.

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