Abstract: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 … Show more
“…Принципиальным подходом к оценке эффективности бюджетных расходов является так называемая методология «издержки-эффективность» [1][2][3][4][5][6]. На принципе соотнесения достигнутых показателей социально-экономической эффективности с издержками или потраченными из бюджета ресурсами строятся большинство моделей и методов оценки эффективности бюджетных расходов на социальную политику [7][8][9][10][11][12][13][14].…”
Section: обзор литературыunclassified
“…Современная финансово-инвестиционная модель государственного регулирования бедности в большинстве стран, особенно в России, преимущественно основана на бюджетном финансировании социальной политики. Политика по преодолению бедности в том числе оказывает влияние на показа-тели доходного неравенства [11]. Анализ показателей бедности и доходного неравенства до и после налогов и трансфертов в странах ОЭСР в долгосрочной ретроспективе показывает, что эффективная система социального обеспечения позволяет сокращать уровень бедности от 15 до 60%.…”
The effectiveness of financing the social security system is one of the key conditions for sustaining sustainable economic growth. The global economic crisis of 2020 associated with the coronavirus pandemic, and the subsequent crisis of 2022, due to the urgent need to carry out a structural transformation of the Russian economy in the context of large-scale international sanctions, emphasized the relevance of the problem of increasing the efficiency of budget expenditures on social policy. The purpose of the study is to develop methodological approaches to the comprehensive analysis of the effectiveness of the State financial and investment model of social security of the population (further — SFIMSS) using the example of data on the socio-economic development of the regions of Russia. The following methods were used: coefficient analysis, ranking, construction of heat maps and regression analysis. The coefficient of efficiency of budget expenditures at the regional level makes it possible to have fairly comprehensive assessments of the regions. The application of the regression analysis methodology makes it possible to expand its effectiveness and identify important dependencies and relationships on the basis of which it is able to establish the policy of state financial regulation. This study evaluated the effectiveness of 85 regions for the period from 2017 to 2021. The most and least effective regions were identified. The construction and interpretation of the regression model made it possible to identify a number of significant exogenous factors such as GRP, GRP per capita, volume indices of GRP, that positively impact the effectiveness of SFIMSS. At the same time, the public debt on loans in rubles, the volume of budget expenditures on social support measures for certain categories, and the proportion of the population older and younger than working age have a negative impact. In the article, recommendations are given on the development of mechanisms for increasing the efficiency and targeting of budget expenditures, as well as the creation of conditions to accelerate economic growth in regions, which will increase the effectiveness of SFIMSS.
“…Принципиальным подходом к оценке эффективности бюджетных расходов является так называемая методология «издержки-эффективность» [1][2][3][4][5][6]. На принципе соотнесения достигнутых показателей социально-экономической эффективности с издержками или потраченными из бюджета ресурсами строятся большинство моделей и методов оценки эффективности бюджетных расходов на социальную политику [7][8][9][10][11][12][13][14].…”
Section: обзор литературыunclassified
“…Современная финансово-инвестиционная модель государственного регулирования бедности в большинстве стран, особенно в России, преимущественно основана на бюджетном финансировании социальной политики. Политика по преодолению бедности в том числе оказывает влияние на показа-тели доходного неравенства [11]. Анализ показателей бедности и доходного неравенства до и после налогов и трансфертов в странах ОЭСР в долгосрочной ретроспективе показывает, что эффективная система социального обеспечения позволяет сокращать уровень бедности от 15 до 60%.…”
The effectiveness of financing the social security system is one of the key conditions for sustaining sustainable economic growth. The global economic crisis of 2020 associated with the coronavirus pandemic, and the subsequent crisis of 2022, due to the urgent need to carry out a structural transformation of the Russian economy in the context of large-scale international sanctions, emphasized the relevance of the problem of increasing the efficiency of budget expenditures on social policy. The purpose of the study is to develop methodological approaches to the comprehensive analysis of the effectiveness of the State financial and investment model of social security of the population (further — SFIMSS) using the example of data on the socio-economic development of the regions of Russia. The following methods were used: coefficient analysis, ranking, construction of heat maps and regression analysis. The coefficient of efficiency of budget expenditures at the regional level makes it possible to have fairly comprehensive assessments of the regions. The application of the regression analysis methodology makes it possible to expand its effectiveness and identify important dependencies and relationships on the basis of which it is able to establish the policy of state financial regulation. This study evaluated the effectiveness of 85 regions for the period from 2017 to 2021. The most and least effective regions were identified. The construction and interpretation of the regression model made it possible to identify a number of significant exogenous factors such as GRP, GRP per capita, volume indices of GRP, that positively impact the effectiveness of SFIMSS. At the same time, the public debt on loans in rubles, the volume of budget expenditures on social support measures for certain categories, and the proportion of the population older and younger than working age have a negative impact. In the article, recommendations are given on the development of mechanisms for increasing the efficiency and targeting of budget expenditures, as well as the creation of conditions to accelerate economic growth in regions, which will increase the effectiveness of SFIMSS.
“…Sustainable business practices are characterized by realizing the non-financial obligation regarding the Environmental, Social and Governance (ESG) practices. Self-evaluation, like ESG benchmark, can formulate a mechanism to improve trust, enabling of fund allocation and disbursement of funds through financial institutions, even in weak rule of institution setting [ 6 ]. Through this mechanism, sustainable banking can channelize funds in a way that generate economic opportunities to fight the income equalities.…”
“…First, the related literature on the institutions, economic inequality and sustainable development nexus has mainly focused either on economic, social, or environmental measures of sustainable development (Dorofeev, 2022;Muhammad et al, 2018). However, the impact of institutions and economic inequality on sustainability is better understood by considering the different dimensions of sustainable development.…”
Section: Introductionmentioning
confidence: 99%
“…First, the related literature on the institutions, economic inequality and sustainable development nexus has mainly focused either on economic, social, or environmental measures of sustainable development (Dorofeev, 2022; Muhammad et al. , 2018).…”
PurposeThis paper aims to investigate the role of corruption and income inequality in three-dimensional sustainable development in the post-Soviet countries.Design/methodology/approachThe methodology is based on dynamic panel regression with the fixed effects approach.FindingsThe authors' findings depict that increasing corruption and income inequality undermine sustainable development. Specifically, increasing corruption and income inequality negatively affect sustainable development. Moreover, unemployment and trade liberalization negatively impact sustainable development, whereas foreign direct investments (FDIs) positively affect sustainable development.Practical implicationsPolicy implications enclose galvanizing strong institutions and redistributive policy mechanisms that the bottom income groups enjoy in promoting sustainable development to keep away the distressful phase of corruption and income inequality.Originality/valueThis is the first paper on corruption, income inequality and sustainable development in the post-Soviet countries employing a sustainable development index (SDI), which is calculated by considering three factors including economic, social and environmental development.Peer reviewThe peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-01-2023-0065
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