Economic and Mathematical Modeling of the Shocks Impact on the Russian Economy Stability

Osipov, G. S.; Ponkratov, Vadim V.; Karepova, Svetlana Gennadievna; Volkova, Maria; Karaev, Alan; Kuznetsov, Nikolay

doi:10.14254/1800-5845/2020.16-2.8

Cited by 5 publications

(5 citation statements)

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“…The birth rate is steadily going down, while the absolute population of the Republic of Sakha (Yakutia) tends to decrease, and the most obvious feature is the growth of hidden unemployment in rural areas. The economy is experiencing crisis and inflation, accompanied by general socio-economic instability, which provokes the expansion of the informal sector (Osipov, Ponkratov, Karepova, Volkova, Karaev, and Kuznetsov, 2020).…”

Section: Resultsmentioning

confidence: 99%

Development of the Republic of Sakha (Yakutia)'s Shadow Economy Assessment Methodology

Karatayeva

Danilova

Парфенова

et al. 2022

Int. J. Criminol. Sociol.

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The purpose of the article is to study the shadow economy assessment methodology. This article presents a comprehensive study of the parameters of a shadow economy, considers its essence, and defines its terminology. This study outlines the historical approach to the development of the shadow economy, both in Russia and worldwide, and gives a brief analysis of the economy of the Republic of Sakha. The authors examined the specifics of the statistical methods applied in assessing various structural elements of a shadow economy and measured and assessed the shadow economy in this region. The research conducted enabled the authors to formulate the main measures required to reduce the shadow economy. The scientific novelty is justified by the research results, which included studying and summarizing a wide range of published and unpublished materials, the examination of the initial and transitional periods of the shadow economy development in Yakutia. The article reveals the main causes and conditions that lead to the formation of the shadow economy in various sectors of the Yakutia economy. The solutions and suggestions proposed in the article are aimed at reducing the shadow economy parameters. The scientific research results are of theoretical and applied importance for public administration and authorities to improve the effectiveness of the fight against the shadow economy manifestations.

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Section: Resultsmentioning

confidence: 99%

Development of the Republic of Sakha (Yakutia)'s Shadow Economy Assessment Methodology

Karatayeva

Danilova

Парфенова

et al. 2022

Int. J. Criminol. Sociol.

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“…All Montenegrin authors, who have implemented the NET recommendations, noted the expansion of opportunistic behavior in the economic reality (Draskovic, 2006;, as well as many foreign authors (Mencinger, 2005;Kolodko, 2005;Kornai, 2006;Kirdina, 2012;Osipov, 2012;Madzar, 2012;).…”

Section: Opportunistic Behavior and The Dominance Of Alternative Inst...mentioning

confidence: 99%

Managing the development of innovative and start-up forms of businesses and verification of INMARK concept

Drašković,

Delibasic,

Drašković

2019

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This monograph critically indicates the evident, mass, and negative (brake) processes and tendencies, which dominantly determine the long-term crisis in most transition countries. In phenomenological terms, it is about systemic and institutional failure, which have been rooted in the most common social subsystems: culture, politics, and knowledge. A society that allows the formation and strengthening of alternative institutions for a long-term dominance is condemned to general development delay, reproduction of the crisis, distortion, and reduction of value criteria.It is indisputable that institutional failure (fiasco, deficit) began in a period of transition from one institutional monism (dirigisme) into another (neoliberalism). Therefore, it is natural that all our critics, in addition to other braking factors, are oriented towards the ideology and practice of quasi-neoliberalism. The entire period of post-socialist transition was marked by the dominance of nomenclature (narrow, privileged) interests over national (mass and social) interests. It has been presented incompetently, media, orchestrated, and apologetically as a Messianic Grail, although it is clearly a new form of dogma, embodied in the sophisticated, improvisational and individual totalitarianism. This manuscript does not tend to show the absolute truth. Although, the authors hope that it will help to discover at least some segments of truth and find some skillfully blurred boundaries that make it impossible to understand and differentiate the apparent from real, the rhetorical from practical. One of the main anti-development causes is certainly the abuse of real institutions by alternative institutions (from the shadow), which are based on various forms of opportunistic behavior and social pathology. This has motivated us to define the title of this monograph.The monograph has been published in a period unfavorable for books in general, especially unfavorable for science. Today, few people read books, publications have small circulation, and modern readers use new media formats. Therefore, this is an opportunity to point to the more frequent remarks of many journalists and selfproclaimed analysts, who in the (un)believable ignorance arogantly and chorally declare that the "academic community is silent"! Without any desire to respond to them in the media, we leave them to live in delusion, and we claim that writing is, yet, an alternative and equal way of expression. Since they obviously do not read professional and scientific literature, we have no hope that they will ever learn the truth about the activities of the academic community. Authors lism, creativity, knowledge, and science, party affiliation, authority, eligibility arein favour. The criminalization of the economy, widespread corruption and a range of socio-pathological phenomena have flourished. The rhetoric of change has substituted the real change -civilization change, institutional change, and other types of fundamental changes. References

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“…Economic inequality can become a destabilizing factor for a financial system if lowincome households use credit as the main way to improve their standard of living and thoughtlessly use it to finance current consumption (Varsavsky 2016;Kapeliushnikov 2017;Ponkratov et al 2018;Osipov et al 2020;Yuzvovich et al 2020). The availability of loans in periods of low interest rates motivates households to increase their level of indebtedness, which leads to the creation of debt bubbles.…”

Section: Introductionmentioning

confidence: 99%

Interrelations between Income Inequality and Sustainable Economic Growth: Contradictions of Empirical Research and New Results

Дорофеев

2022

Economies

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The idea that high levels of economic inequality negatively affect the rate and sustainability of economic growth is quite popular in the scientific literature. Therefore, it is usually proposed to take some regulative measures to reduce economic inequality in order to boost economic growth. Should the thesis be considered as a populist slogan or a scientifically proven fact? This article analyzes the results of 22 empirical studies on the relationship between economic inequality and economic growth conducted during the period of 1917–2018. We used meta-analysis to examine and systematize the results of previous empirical studies. The literature review and the analysis of the results from previous studies mainly indicate a negative relationship between economic inequality and economic growth (59% of the previous empirical research). The research gap is that on average these studies are rather controversial to each other and we cannot say that we understand these relationships correctly. To answer the questions concerning the interrelations between income inequality and sustainable economic growth, we made our own empirical research. To do this we used a qualitative pairwise correlation comparison method and analyzed panel data of 39 countries for the period of 1980–2019. The correlation between income inequality and sustainable economic growth was evaluated basing on the Gini index (GI) and Gross Domestic Product (GDP). Our calculations and analysis show that on average, in approximately 57.8% of moments in the period between 1980–2018, this correlation was positive in our sample of countries. The novelty of our study is that we show in detail how income inequality and economic growth are interconnected for each particular country and on average for the whole sample of countries. In addition, we used the inequality transparency index to adjust our calculations for data quality. Three hypotheses were tested in the study. Only one of them was confirmed by our research. The level of income inequality determines the direction of its impact on economic growth. An increase in income inequality in countries with low levels of inequality in most cases boosts economic growth and vice versa. Additionally, we received partial confirmation of our other hypothesis and found out that the correlation between economic growth and income inequality is definitely more negative for countries with low income and more positive in countries with high income per capita.

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Economic and Mathematical Modeling of the Shocks Impact on the Russian Economy Stability

Cited by 5 publications

References 0 publications

Development of the Republic of Sakha (Yakutia)'s Shadow Economy Assessment Methodology

Development of the Republic of Sakha (Yakutia)'s Shadow Economy Assessment Methodology

Managing the development of innovative and start-up forms of businesses and verification of INMARK concept

Interrelations between Income Inequality and Sustainable Economic Growth: Contradictions of Empirical Research and New Results

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