INSTITUTIONAL DESIGN IN THE SYSTEM OF STATE POLICY MEASURES FOR STIMULATING ECONOMIC GROWTH IN RUSSIA IN THE CONTEXT OF GEOPOLITICAL CHALLENGES

  • Elena Y. Zolochevskaya South-Russian Institute of Management of Russian Presidential Academy of National Economy and Public Administration (SRIM RANEPA/Institute)
  • Tatyana P. Cherkasova Department of Economics and Entrepreneurship, Faculty of Political Science at the South-Russian Institute of Management of Russian Presidential Academy of National Economy and Public Administration (SRIM RANEPA/Institute)
  • Olga V. Mishurina Department of Economics and Entrepreneurship at the South-Russian Institute of Management of Russian Presidential Academy of National Economy and Public Administration (SRIM RANEPA/Institute)
  • Yana E. Sivakova Department of Management at the South-Russian Institute of Management of Russian Presidential Academy of National Economy and Public Administration (SRIM RANEPA/Institute)
DOI: https://doi.org/10.12955/cbup.v6.1206
Keywords: institutional design, modernization, economic system, state policy, public administration.

Abstract

This article analyzes the features of three groups of institutional factors: institutional and economic, institutional and political, and institutional and social.  Influencing these factors by means of sound state policy can initiate economic growth on an innovative basis. An assessment of existing institutional barriers that act as constraints to economic growth in Russia is provided in the paper. In addition, the role of institutional design in optimizing the state policy for stimulating accelerated development and structural reorganization of the main development institutions is defined and an algorithm for implementing institutional design and its direction is proposed.

References

Nureev, M.R., Latov, Y.V. (2017). Economic history of Russia (experience of institutional analysis). Moscow: Knorus Publ, 272 p.

Ermolaev, S.A. (2016). Institutional foundations for development and conducting the industrial policy in the context of the import substitution policy in Russia, Innovations and Investments, 10, 200-203.

Ignatova, T.V., Cherkasova, T.P. (2011). Institutional concepts of economic growth and their modernization // State and municipal management, Scientific Proceedings of SRIM RANEPA, 2, 57-67.

Mau, V.A. (2016). Crises and lessons, Economy of Russia during a turbulence era. Moscow: the Gaidar Institute’s Publishing House, 488 p.

Cherkasova, T.P., Aksenov, E.A. (2017). Contemporary tendencies in the formation of a system of public management institutions of innovation development in Russia // Public and Municipal Administration, Scientific Proceedings of SRIM RANEPA, 1, 55-61.

Published
2018-09-26
Issue
Vol 6 (2018): CBU International Conference Proceedings 2018
Section
Economics and Business
Copyright (c) 2018 Elena Y. Zolochevskaya, Tatyana P. Cherkasova, Olga V. Mishurina, Yana E. Sivakova

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