scholarly journals Institutional models of public order as a factor of economic development and national welfare

2021 ◽  
Vol 2021 (54) ◽  
pp. 93-117
Author(s):  
Viktoriia Nebrat ◽  
◽  
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Social Welfare ◽  
Legal Protection ◽  
Public Welfare ◽  
Public Order ◽  
National Welfare ◽  
The One ◽  
Access Model

The relevant scientific problems include characterizing different models of public order in the context of divergence of economic development; deepening the understanding of public welfare as a measure to meet the needs and results of public policy; assessment of the cognitive and practical potential of modern concepts of historical and institutional explanation of the differentiation of the world economy for the optimization of regulatory measures of economic policy in Ukraine. The purpose of this article is to determine the features of the relationship between the nature of institutions, in particular institutional models of public order, on the one hand, and economic development and social welfare on the other. The research methodology combines the tools of evolutionary economic theory, comparative analysis and institutional history. The theoretical basis is the idea of D. North on the types of institutional models of public order. Despite the historical and national features of the formation and functioning of different economic systems, their success and failure can be explained on the basis of typology of North's models. The open access model is more conducive to economic growth and social welfare. Ensuring the institutional conditions for the realization of human rights, economic freedom and legal protection contributes to higher results. Instead, the restricted access model is characterized by slow economic growth and vulnerability to challenges, low level of social consolidation and economic solidarity, dominance of hierarchical ties and insecurity of property rights. It has been proven that institutional changes aimed at increasing public welfare should ensure the transformation of the economic model towards greater availability of resources and opportunities, replacing extractive relations and vertical relations with partnerships and horizontal relations. Economic policy analysis and evaluation is an important component of successful institutional transformations.

Higher Education’s External Effects in Modern Russia’s Economy

10.12737/7806 ◽  
2015 ◽  
Vol 3 (1) ◽  
pp. 4-10 ◽  
Author(s):  
Басовский ◽  
Leonid Basovskiy ◽  
Басовская ◽  
Elena Basovskaya
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Growth Rates ◽  
Institutional Environment ◽  
Business Development ◽  
Econometric Models ◽  
New Paradigm ◽  
External Effects ◽  
The One

Econometric models of GDP’s crisis growth rates and factors of GDP’s recession rates have been received. The models allow predict the recession in Russia’s economy in 2015–2019. Decline in production during the crisis can reach 16–17%. Production decline duration can make 4–5 years. The crisis phenomena in economy at the level up to 80,7% have been caused by formation of adverse institutional environment under the influence of the laws adopted in 2003–2014. A new paradigm of economic policy is necessary for overcoming the crisis phenomena in economy, this policy is the one related to formation of institutions favoring to the economic growth and economic development, the policy aimed at the business development, at investment attraction, at domestic demand expansion.

The Results of 2003 and The Results of Four Years: Policy versus Economy

2004 ◽  
pp. 4-23 ◽  
Author(s):  
V. Mau
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Policy Debate ◽  
The One ◽  
Current Stage

The Results of 2003 and The Results of Four Years: Policy versus Economy The paper deals with factors and trends of the economic policy in Russia in 2003-2004, as well as with policy debate on economic growth issues. Current stage of economic development is characterized as transition from the reconstructive growth to the investment one. The author discusses the role of elections in the development of economic policy in 2003, the danger of economic populism, and prospects of economic policy in the "one-and-a-half-party" democracy model. Conclusion presents economic policy priorities for the next presidential term.

The Quality of Kazakhstan’s Economic Policy and Balance of Payments

2008 ◽  
pp. 120-132
Author(s):  
K. Arystanbekov
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Balance Of Payments ◽  
Foreign Investors ◽  
Negative Balance ◽  
Macroeconomic Efficiency

Kazakhstan’s economic policy in 1996-2007, its character and the degree of responsibility, the correlation between economic development and balance of current accounts are considered in the article. Special attention is paid to the analysis of their macroeconomic efficiency. It is concluded that in conditions of high rates of economic growth in Kazahkstan in 2000-2007 the net profits of foreign investors are 10-11% of GDP every year. The tendency of negative balance of current accounts in favor of foreign investors is also analyzed.

The Theoretical Potential of the Within-Nation Comparison: How Sub-National Analyses Can Enrich Our Understandings of the National Welfare State

2017 ◽  
Vol 61 (8) ◽  
pp. 861-886 ◽  
Author(s):  
Prerna Singh
Keyword(s):  
Welfare State ◽  
Social Welfare ◽  
Comparative Politics ◽  
National Level ◽  
The Other ◽  
Theory Building ◽  
National Welfare ◽  
Theory Generation ◽  
Cross Country ◽  
The One

This article seeks to showcase the previously underexplored theoretical potential of the recent “sub-national turn” in comparative politics. Specifically, I hope to delineate how theories derived to explain variation in an outcome across sub-national units can enrich our repertoire of theories to explain variation in the same and/or related outcomes across national units. I show the potential of this method of theory generation through an analysis of social welfare, a specially apposite outcome for this purpose because it has been studied rigorously at the both the national and sub-national levels of analyses. I argue that sub-national analyses can, on the one hand, help us refine and rethink national-level theories for the same outcomes. They can push us to nuance and extend established national theories and show us how the same variables and mechanisms that have been hypothesized to explain cross-country variations might work differently, even in opposite directions, within countries. On the other hand, sub-national analyses can push us past the established repertoire of national-level explanations to bring to light new (or forgotten) theories. In this way, this article seeks to challenge cross-country analyses as the exclusive domain of theory building in comparative politics.

scholarly journals The Efficiency in Welfare Expenditure and Economic Growth

2011 ◽  
Vol 26 (3) ◽  
pp. 129-146
Author(s):  
Park Kyoung Don
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Panel Data ◽  
Environmental Factors ◽  
Social Welfare ◽  
Relative Efficiency ◽  
Optimal Growth ◽  
Welfare Regime ◽  
Welfare Spending ◽  
Welfare Expenditure

This paper analyzes the various arguments that support or oppose expansion in social welfare spending. A critical concern is the fear that as welfare expenditure increases, at some point, economic development will decrease. However, increased welfare investment is essential for achieving a welfare state to ensure the optimal growth of the economy and social welfare. OECD (Organisation for Economic Co-operation and Development) countries with a particular welfare regime that efficiently invests welfare spending are regarded as a reference for Korea. In consideration of the environmental factors in each nation, the relative efficiency Level of welfare spending is calculated with panel data. It is evident that Korea`s investment in social welfare from 2003 to 2007 was inefficient. One way to achieve an appropriate balance between social welfare and economic growth is to lessen the inefficiency of welfare investment.

scholarly journals Enhancing economic development via the increase of the quality of education

2020 ◽  
Vol 8 (2) ◽  
Author(s):  
Katalin Nagy
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Human Capital ◽  
Economic Development ◽  
Educational Development ◽  
Quality Of Education ◽  
Know How ◽  
Sustainable Economic Development ◽  
Key Factor

Sustainable economic development is one of the most important mission of economic policy. More analysis demonstrate that the key factor is the investment of human capital, which means a correlation between economic growth and quality of education. In this study we overview, how human capital and educational development effect to the economic growth, and how is it possible to quantify the results. We also get to know how the degree of development influenced by the quality of education.

scholarly journals GET THE ECONOMICS BACK TO THE TRAIL OF MORAL SCIENCE

2020 ◽  
Vol 8 (19) ◽  
pp. 29
Author(s):  
Branko Đerić
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Economic Model ◽  
The State ◽  
Moral Science ◽  
The Public ◽  
Economic Progress ◽  
Market Economic ◽  
Contemporary Development

The paper focuses on the function of the market, economic policy and the public in dynamising economic progress and the arguments that support the claim that economics as a science, taken together with economic policy, has lost the attribute of moral science in our conditions. The dynamics of economic growth is not the only relevant macroscopic feature of economic development, although it has received dominant attention today. And that is not everything. Particular attention is drawn to structural, technological and other changes, the re-institutionalization and construction of an appropriate economic order and economic model and, above all, the state and realization of the moral imperatives of contemporary development. In addition to these issues, the paper addresses the challenges, directions and instruments of economic policy in our circumstances, which is of particular relevance to our better future.

On Some Factors of Economic Growth and Regional Development

2020 ◽  
Vol 144 ◽  
pp. 78-85
Author(s):  
Elena Yu. Sokolova ◽  
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Regional Development ◽  
National Economy ◽  
Tax Policy ◽  
Federal Budget ◽  
Foreign Countries

For several years, there has been a considerable interest in the development of regions and their contribution to the national economy, both in Russia and in foreign countries. The regions are characterized by uneven economic development and the amount of taxes and fees going to the Federal budget. Moreover, in Russia, this unevenness in regional development is particularly strong, which is facilitated by tax policy that affects the reduction of regional tax independence and does not encourage the regions to develop their income base. The task of achieving a balance between donor and recipient regions, reducing the number of subsidized regions, and creating incentives to increase their incomes and economic growth is one of the most actual problems of Russian economic policy.

Challenges of Russian economic development and government economic policy

2016 ◽  
pp. 36-44
Author(s):  
A. Ulyukaev
Keyword(s):  
Economic Growth ◽  
Economic Policy ◽  
Economic Development ◽  
Russian Economic Development ◽  
Transaction Costs ◽  
State Support ◽  
Investment Activity ◽  
Russian Economy ◽  
The Government

The article analyzes the problems faced by the Russian economy, and response by the government economic policy. The author considers measures to address four key tasks that will maximize long-term economic growth: the reduction of direct and transaction costs, creation of conditions for the transformation of savings into investments, fostering investment activity through the mechanisms of state support, as well as the removal of demand constraints.

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