Transmission Channels between Financial Deepening and Economic Growth: Econometric Analysis Comprising Monetary Factors

Contemporary literature continues to foster discussion whether financial development is important for economic growth. In the clash of theoretical arguments, the prevailing idea is that finance exerts a direct positive influence on GDP growth. However, the presence of theoretical counterarguments and contradictory results of empirical studies suggest that scientists, in search of an answer about the direction and power of the net effect, should develop methods of empirical analysis, and the very mystery of the relationship between finance and growth will finally be solved exclusively empirically. In this paper, the authors contribute to the development of the ‘finance-growth’ literature by answering some existing questions concerning the transmission channels from finance to growth, relying on more recent data compared to already conducted studies. We use panel data covering the period 1995 to 2019 for 168 countries. In addition, the paper touches on the problem of studying the exogenous conditions of such channels, considering the assumption that among these conditions there may be those that hinder the impact of financial deepening on economic growth. Our focus is on monetary conditions, and in the empirical part of the study, we touch upon the problem of the influence of price stability on the operation of these transmission channels. The methods of the conducted study are based on the dynamic panel data analysis techniques (System GMM). The novelty of this paper lies in the development of the modern theory of the financial sector transmission mechanism in the economic growth context. The main result of the study is that productivity channel is the most reliable transmission channel of financial deepening to economic growth. Furthermore, the effectiveness of this channel remains virtually unaffected by inflation. The channel of capital accumulation should be considered less reliable (in terms of statistical reliability of estimates obtained), but it has turned out to be a more economically significant transmission channel. This channel is sensitive to the inflation factor in certain categories of countries. Finally, as follows from the estimates gained, the non-linearity of the “finance-growth” relationship can be explained by the non-linearity of the variable responsible for the capital accumulation channel.

A Case Study of Blood and Śarāb Thirsty Aboriginal Village Gods from Greater Magadha: An Interpretation through Polythetic Approach of McClymond

Bronkhorst rightly argued that the Brāhmaṇical religion and rituals were not rooted deeply in the society of Greater Magadha and maintained its tradition of local Dravidian gods due to its situation beyond the eastern limit of purely Āryan Culture. Besides famous Brāhmaṇical Gods, each village of Greater Magadha has its own local non-Brāhmaṇical Dravidian gods, situated in small rude temples or shrines. These locally originated minor village gods are almost always appeased with blood or animal sacrifices followed by offering of śarāb i.e. alcoholic drink whenever a wish (mañnat) is fulfilled. The offered small indigenous animals like chicken or bird are cooked at the shrine and served as prāsād to all. It is believed that the deity will be satisfied after drinking blood and wine and bless you anything in an intoxicated mood. The present paper will locate these village gods through the ‘polythetic approach’ and understand the traditional sacrifices offered. It further intends to explore the relationship between the modern theory and the contemporary indigenous practice in dynamic collaboration with seven components of sacrificial deeds.

Belief revision as a problem of scientific epistemology

The fundamental question that must be answered by any theory of knowledge that claims to be adequate is the question of how it is possible to change our knowledge. The very fact of change undoubtedly takes place, and the problem is to theoretically explicate this fact. The methodological significance of this issue is due to the fact that changing knowledge means nothing more than its development, namely, the question of the ways and means of developing our knowledge is of central importance both for the logic and methodology of science, and for general epistemology. This work is of a review character, and aims to draw the reader’s attention to a new promising direction in the modern theory of knowledge called “belief revision”.

Development of the methodological heritage of Academician of the Russian Academy of Education Alexander Mikhailovich Novikov in the practice of professional teacher education

С позиции обобщенного методологического контекста феномена научных школ раскрыты системообразующие основания методологического наследия ученых Российской академии образования в современной теории и практике профессионального образования. Автор акцентирует внимание на актуальности методологического наследия научной школы академиков РАО С.Я. Батышева и А.М. Новикова «Профессиональная педагогика. Теория непрерывного образования». На основе системного подхода, анализа результатов научной деятельности А.М. Новикова -лидера научной школы в части прогнозирования инновационных процессов в отечественном образовании обосновывается значимость внедрения в педагогическую практику инноваций. Автор представляет методологическое наследие академика А.М. Новикова с позиции его актуальности для развития последующих поколений ученых в сфере наук об образовании. From the position of generalized methodological context of the phenomenon of scientific schools, the system-forming bases of methodological heritage of scientists of the Russian Academy of Education in modern theory and practice of professional education are revealed. The author focuses on the relevance of the methodological heritage of the scientific school of academicians RAO S.Y. Batyshev and A.M. Novikov "Professional pedagogy. Theory of Continuing Education". Based on the systematic approach, analysis of the results of scientific activity of A.M. Novikov - the leader of the scientific school in terms of forecasting of innovative processes in domestic education the significance of implementation in pedagogical practice of innovation is substantiated. The author presents methodological heritage of Academician A.M. Novikov from the position of its relevance for the development of subsequent generations of scientists in the field of education sciences.

Correlation of Coordination Abilities, Physical Qualities and Mental Processes of Football Players

The aim set out in Article research is to find new of methodical approaches to improve the methods of development of coordination abilities of young players. Despite the proven efficacy of the differentiated approach in the preparation of sports reserve, no data found, taking into account the typological features of display properties of the nervous system of children involved in football. Methods and techniques. We used statistical methods to determine the validity and reliability of the results of scientific research. Statistical analysis was performed using a personal computer Pentium- 4 and using the Microsoft standard statistical software package Excel 2007. Correlation analysis was performed using the program Bio Stat 2016. Results. Identified and synthesized a new classification of specific coordination abilities in terms of their impact on mental processes of young football players. The new data that expand and deepen the modern theory and methodology of football with new knowledge about the coordination abilities, peculiarities of the relationship indicators conditional abilities and mental processes with the indicators of specific coordination abilities of the players with strong and weak nervous system. Scientific novelty. Demonstrated prospect for a differentiated approach based on a typology. The features of the relationship of coordination abilities indicators with indicators of conditional abilities and mental processes of the players of 11-12 years with a "strong" and "weak" the nervous system. Defined "leading" and "additional" specific types of coordination abilities in different groups of players. Practical significance. Accounting data obtained as a result of the correlation analysis, in the training process of young players can provide a significant increase in the efficiency of the development process -specific coordination abilities, level of mastery of the technical and tactical methods and competitive performance, as well as improve the performance of the mental processes of children involved in football. Keywords: differentiated approach, the properties of the nervous system, coordination abilities, psychical processes

Rationalization and ‘Religization’ in the Modern Theory of International Relations.

Р.О. Райнхардт – доцент кафедры дипломатии МГИМО МИД России, специалист в области истории и теории дипломатии. Его основные научные интересы охватывают такие темы, как экономическая дипломатия, научная дипломатия, международное научнотехническое сотрудничество в контексте российской внешней политики, а также внешних связей ЕС. Окончил МГИМО МИД России. В 2016 г. получил ученую степень кандидата экономических наук.Беседу вел С.М. Маркедонов, главный редактор журнала «Международная аналитика»

Modeling of Appropriate Norms of Physical Readiness of Pre-Conscription Youth for Service in the Army

Research purpose: is a substantiation and modeling of appropriate norms of physical readiness of youth for service in the army. Materials and Methods. The expert group included 21 specialists (whose field of activity is physical education, special training, physical training in the security and defense forces). The following research methods were used to solve the problem posed in the work: theoretical analysis, comparison, systematization and generalization of materials of scientific, historical, methodical literature and guiding documents; expert evaluation (Delphi and analysis of Saati hierarchies); methods of mathematical statistics. Results. It is determined that even simple statistical methods in combination with expert information when choosing promising solutions often give better results than accurate calculations with a focus on averages. A comprehensive approach using peer review (Delphi), a method of modern theory of hierarchical systems Saati allowed to determine the structure of the projected model of physical fitness of young people for military service. The structural interconnected components of the predicted model with the corresponding weighting factors are the level of formation and development of general and special physical qualities (ρ1 = 0.411), the level of formation and development of special physical qualities (ρ2 = 0.235), the level of acquisition of military applied motor skills (ρ3 = 0.216), the state of the cardiovascular system (ρ4 = 0.138). Conclusions. The presented structural predictable model of integrated assessment of physical readiness of youth for service in the army allows to define limits of levels of components and to estimate their level of formation in points from 1 to 12, and also to correct the maintenance of means of physical training depending on such components which lag behind a proper norm.

Theoretical-Methodological Achievements of the Yerevan School for Argumentation

The Yerevan School for Argumentation (YSA) perhaps is the most brilliant manifestation of Armenian philosophical thought. Moreover, it is one of the remarkable results of the centuries-old Armenian philo- sophical culture that has gained world recognition. In the 18th (Brighton 1988; see: Brutian, G., 1988) and 19th (Moscow, 1993) World Congresses of Philosophy organized by the Federation of International Socie- ties for Philosophy, Academician Georg Brutian, the founder and head of the YSA, was entrusted with organizing and chairing Round tables on the discussion of the modern theory of argumentation organized within the framework of these conferences. Brutian?s fundamental publications served as the basis for the directions of the School. They put for- ward principles concerning the definition of argumentation, the structure of argumentation, the language of argumentation, the role of logic, and means of persuasion in the structure of argumentation, the rules of political argumentation, etc. The goal of the present work is to analyze and generalize the theoretical-methodological and conceptu- al results and approaches developed in the YSA, to examine their role in the system of modern philosophi- cal and logical theorems, as well as in the modern theories of argumentation, to present the frame of argu- mentation discourse and its methodological analysis developed in the School, to review the questions of the theory of meta-argumentation, to analyze the history and theoretical-methodological bases of for- mation and institutionalization of the YSA in the context of the developments of the world philosophical thought and the aspect of its contribution to world scientific thought, to suggest a general conception of scientific achievements of the School by a comparative analysis concerning other international centres.

V. N. Tatishchev: Prolegomena of the Russian modernization research program in the XVIII century (Institutional-evolutionary approach)

Introduction. V. N. Tatishchev, one of the founders of the Russian history studies, was notable for his broad views on the evolution of society and economic order. His economic views were not widely discussed during his lifetime and were not much in demand afterwards. Familiarity with his major works is hampered by the fact that they were almost never published in the form of notes, letters, and manuscripts. The ambiguity of his approaches, conclusions, recommendations and, accordingly, their evaluation was noted by many researchers who took diametrically opposed views. Deep erudition, reliance on Western European philosophy and Russian theology allowed the enlightener to create the conceptual milestones of the future institutional program. Theoretical analysis. Modernization of society should be based on constant changes in existing legislative and economic practices, ideological perceptions, and cultural patterns. This approach allows us to identify the most effective institutions (formal and informal rules), taking into account national specifics. Methodologically, the relationship between changes in public administration and social ethos “vertically and horizontally” is established; the importance of societal economic culture as a factor of sustainable development is emphasized. Empirical analysis. Considered chronologically consecutive works on purely economic topics and legal foundations of power are supported by a significant array of letters to Peter I, the Academy of Sciences, the Berg Collegium, and public figures of the first half of the 18th century. According to the thinker, economic policy, both at micro and macro levels, should be based on regulations, organizational adaptation and rational borrowing. The qualitative description of the structure of social relations of absolutist Russia, in the form of “physiology of society”, which resonates with the modern concepts in economic sociology and new institutional economic theory, is highlighted. Results. V. N. Tatishchev can reasonably be considered the conceptual forerunner of the modern theory of institutionalism. As an enlightener, in the spirit of eighteenth-century social thought, he created an introduction to the importance of permanent changes in Russian economic and social structures. The imperative of state construction of the economy at the macro level is supported by attention to micro-changes in the form of regular economic practices, combining elements of originality and creative borrowing of foreign innovations. Evolutionary approach of the thinker echoes the formation and development of economic views of the XIX and XX centuries, especially in the prerequisites of the theory of history periodization and the transition from one political order to another on the basis of changes in institutions (formal and informal rules).