Analyzing the Russian public funds flow

2021 ◽  
Vol 27 (1) ◽  
pp. 63-87
Author(s):  
Valerii V. SMIRNOV
Keyword(s):  
Public Finance ◽  
Systems Approach ◽  
Economic Structure ◽  
Public Authorities ◽  
Economic Relations ◽  
Network Analyses ◽  
National Wealth ◽  
The Social ◽  
Monetary Relations ◽  
Social Product

Subject. This article explores the issues related to public finance. Objectives. The article aims to determine forms and possible areas of Russian public finance flows. Methods. The study is based on the systems approach using statistical, cluster, and neural network analyses. Results. The article actualizes the need to analyze the form of Russian public finance flow, defined by the specific causes and conditions of the monetary relations system. It describes components that determine the form of Russian public finance flow. Conclusions and Relevance. Understanding the form of Russian public finance flow and the reasons for its change reveals the possibilities of complementary development of finance and capitalist socio-economic structure. The reflection of the reasons for the change in the form of the movement of Russian public finances indicates the potential of the financial system, reflecting the unity of economic relations and the limits of its development. The provisions of the study expand the scope of knowledge and develop the competence of public authorities to make management decisions on distribution, redistribution of the social product value and part of the national wealth necessary for the State to preserve the substance and form.

Analyzing the financial development of the Russian Federation

2021 ◽  
Vol 27 (2) ◽  
pp. 321-347
Author(s):  
Valerii V. SMIRNOV
Keyword(s):  
Financial Development ◽  
Russian Federation ◽  
Systems Approach ◽  
Network Analyses ◽  
National Wealth ◽  
The Social ◽  
Product Value ◽  
Monetary Relations ◽  
The Russian Federation ◽  
Social Product

Subject. This article explores the issues related to financial development of the Russian Federation. Objectives. The article aims to find ways to reduce the uncertainty of the formation of the sphere of monetary relations regarding distribution, redistribution of the social product value and national wealth, and identify the limit of the Russian Federation's financial development. Methods. The study is based on the systems approach using statistical, cluster, and neural network analyses. Results. The article actualizes the need to analyze the financial development of the Russian Federation in the context of reducing the uncertainty of the formation of the monetary relations sphere regarding the distribution, redistribution of the social product value and part of the national wealth and its limit identifying. Conclusions and Relevance. The opportunities identified to reduce the uncertainty of the formation of the monetary relations sphere determine the limit of the financial development of the Russian Federation. The study extend the knowledge and develop the competence of public authorities to make management decisions on the financial development of the Russian Federation.

Public finance flow in contemporary Russia

2020 ◽  
Vol 26 (11) ◽  
pp. 2501-2523
Author(s):  
V.V. Smirnov
Keyword(s):  
Neural Network ◽  
Public Finance ◽  
Systems Approach ◽  
Management Decisions ◽  
Public Authorities ◽  
Cluster Analyses ◽  
The Public ◽  
National Wealth ◽  
Economic Formation

Subject. This article discusses the issues related to public finance. Objectives. The article aims to identify the determinants, indicators, and priorities of the public finance flow in contemporary Russia. Methods. For the study, I used the methods of statistical, neural network, and cluster analyses, and the systems approach. Results. The article identifies and describes the determining indicators of the main aggregates and balances of public finance, sources, and the use of funds. It establishes a link between the main aggregates and balances of public finance, defining the form and content of Russian capitalism. Conclusions. Understanding the issue and problem of public finance flow in contemporary Russia helps identify the reasons for the inability to transit to a capitalist socio-economic formation. The provisions of the study expand the scope of knowledge and develop the competence of public authorities to make management decisions on the distribution and redistribution of the value of a public product and part of the national wealth.

To development drivers of the Russian economy

2020 ◽  
Vol 16 (10) ◽  
pp. 1881-1899
Author(s):  
V.V. Smirnov
Keyword(s):  
Global Economy ◽  
Systems Approach ◽  
Consumer Price Index ◽  
Federal Budget ◽  
Active Recovery ◽  
Public Authorities ◽  
Economic Relations ◽  
Russian Economy ◽  
The Usa ◽  
And Cluster Analysis

Subject. The article focuses on the development of Russia's economy. Objectives. The study attempts to discover development drivers of the Russian economy, the substance of economic growth during the contemporary capitalist cycle. Methods. The study is based on the systems approach and methods of statistical and cluster analysis. Results. Evaluating the median and he Fischer test of quarterly growth rates of economic and financial indicators and their clustering with federal budget, I discovered what distinguished the Russian economy from socialist China (the dynamics of growth in GDP and exports); from leading capitalist economies, such as Germany and the USA (a decrease in the unemployment rate). I determine what maintains Russia's activity during the globalization, that is, a growth in Consumer Price Index and the devaluation of the national currency. I discovered dampering signs of the Russian economy during crises and the active recovery of the global economy. Conclusions and Relevance. What will drive the development of the Russian economy mainly depends on its position in the global economy and the dampering role of capitalist cycles, considering the contradictory development of productive forces and economic relations. The findings contribute to the knowledge and new competencies of public authorities to make administrative decisions on methods to advance the Russian economy.

The substance of the contemporary Central Bank of the Russian Federation

2021 ◽  
Vol 17 (1) ◽  
pp. 67-94
Author(s):  
Valerii V. SMIRNOV
Keyword(s):  
Exchange Rate ◽  
Central Bank ◽  
Russian Federation ◽  
Inflation Targeting ◽  
Systems Approach ◽  
Economic Indicators ◽  
Real Effective Exchange Rate ◽  
Public Authorities ◽  
Monetary Relations ◽  
The Russian Federation

Subject. The article focuses on the substance of the Central Bank of the Russian Federation. Objectives. The study analyzes trends in aggregated financial and economic indicators of today’s Russia, and reveals the substance of the Central Bank. Methods. The study is based on the systems approach and methods of statistical, neural network and cluster analysis. Results. I demonstrate the positioning of the Central Bank and its function. The Central Bank was found to depend on the market, being, on the one hand, its vehicle, and, on the other hand, its product (as part of monetary relations). Therefore, the substance of the Central Bank shows up in the monetary relations. The article illustrates the substance of the Central Bank, which is to ensure the stable growth in the accounting balance notwithstanding a drop in the national exchange rate, finance the cash ratio, maintain a growth in the interbank interest rate and yield on government bonds. The above functions shape the monetary relations. The official inflation targeting policy of the Central Bank should be viewed through the real effective exchange rate. Conclusions and Relevance. Understanding the contemporary substance of the Central Bank unveils the mechanism of monetary relations and opportunities for maintaining the stability of the Russian capitalism within the dynamics of aggregated financial and economic indicators. The findings contribute to the existing knowledge and advance the competence of public authorities to make administrative decisions on the regulatory responsibility of the Central Bank of the Russian Federation for its performance.

Cases of social innovations implemented in the public health sector

2020 ◽  
Vol 16 (9) ◽  
pp. 1600-1621
Author(s):  
E.V. Molchanova
Keyword(s):  
Public Health ◽  
Systems Approach ◽  
Health Sector ◽  
Demographic Challenges ◽  
Disability Adjusted Life ◽  
The Social ◽  
Social Innovations ◽  
Demographic Processes ◽  
Disease Study ◽  
Disability Adjusted Life Year

Subject. The article discusses medical and demographic processes in Russia and Finland. Objectives. I evaluate cases of social innovations implemented for the preservation and strengthening of public health in Finland under the auspices of The Global Burden of Disease Study. Methods. Methodologically, the study relies upon the ideology of the GDB Project, which rests on the DALY (the Disability Adjusted Life Year). Results. I analyzed the morbidity and mortality rates, DALY in Russia and Finland, determined what mainly triggers the risk (environmental, behavioral, metabolic) fueling some public health degradation. The article provides the insight into the efficiency of some social innovations implemented in Finland and suggests what should be done to outline medical and demographic programs in Russia. Conclusions and Relevance. The medical and demographic situation in Russia requires new tools to find innovative solutions for the social policy and, inter alia, the use of the GBD technique, which proved to be effective. Referring to evidence from Finland, demographic challenges in Russian can be handled through a systems approach, i.e. socio-economic actions, improvement of the healthcare and social security, wellness propaganda.

scholarly journals Using a Quasi-Experimental Study to Examine Outcomes for Older Adult Intergenerational Program Participants

2020 ◽  
Vol 4 (Supplement_1) ◽  
pp. 543-543
Author(s):  
Skye Leedahl ◽  
Melanie Brasher ◽  
Erica Estus
Keyword(s):  
Experimental Study ◽  
Rhode Island ◽  
Older Adult ◽  
Online Social Networks ◽  
Intergenerational Learning ◽  
Senior Center ◽  
Public Authorities ◽  
The Social ◽  
Quasi Experimental ◽  
The University

Abstract To more rigorously examine the University of Rhode Island Cyber-Seniors Program, we conducted a quasi-experimental study to examine if older adult senior center participants (n=25) improved scores on social and technological measures compared to a sample of senior center participants (n=25) who did not take part in the program. Findings showed that participants improved on technology measures compared to the non-participants, including searching and finding information about goods & services, obtaining information from public authorities or services, seeking health information, sending or receiving emails, and participating in online social networks (p<.05). However, participants did not change on social measures. There is either a need to identify better social measures to understand the social benefits of taking part, or to bolster the program to aid in helping older adults alleviate isolation and loneliness. Information on best practices and challenges for gathering outcomes from older participants will be discussed. Part of a symposium sponsored by Intergenerational Learning, Research, and Community Engagement Interest Group.

scholarly journals An apple a day – how the platform economy impacts value creation in the healthcare market

2021 ◽  
Author(s):  
Alexander Gleiss ◽  
Marco Kohlhagen ◽  
Key Pousttchi
Keyword(s):  
Value Creation ◽  
New Technologies ◽  
Healthcare Industry ◽  
Digital Platforms ◽  
Value Network ◽  
Healthcare Market ◽  
Network Analyses ◽  
The Social ◽  
Research Gap ◽  
Platform Economy

AbstractThe healthcare industry has been slow to adopt new technologies and practices. However, digital and data-enabled innovations diffuse the market, and the COVID-19 pandemic has recently emphasized the necessity of a fundamental digital transformation. Available research indicates the relevance of digital platforms in this process but has not studied their economic impact to date. In view of this research gap and the social and economic relevance of healthcare, we explore how digital platforms might affect value creation in this market with a particular focus on Google, Apple, Facebook, Amazon, and Microsoft (GAFAM). We rely on value network analyses to examine how GAFAM platforms introduce new value-creating roles and mechanisms in healthcare through their manifold products and services. Hereupon, we examine the GAFAM-impact on healthcare by scrutinizing the facilitators, activities, and effects. Our analyses show how GAFAM platforms multifacetedly untie conventional relationships and transform value creation structures in the healthcare market.

scholarly journals Resilience, Reinvention and Transition during and after Quarantine

2020 ◽  
Vol 23 (3) ◽  
pp. 230-236
Author(s):  
Kristof Van Assche ◽  
Martijn Duineveld ◽  
S. Jeff Birchall ◽  
Leith Deacon ◽  
Raoul Beunen ◽  
...  
Keyword(s):  
Current System ◽  
New Governance ◽  
Governance System ◽  
Current Crisis ◽  
Economic Relations ◽  
Systemic Risks ◽  
The Social ◽  
Problems And Solutions ◽  
Governance Tools

Quarantine measures and the crises triggering them are never neutral in the sense that a return to the past is impossible. These measures are also a signal of other things like systemic risks and weaknesses. A period of quarantine is also a thing in and by itself. What happens after quarantine is thus shaped both by the state of the social-ecological system preceding quarantine and by what happened during quarantine. The selectivities introduced during quarantine span discursive, institutional and material realms. Old discourses can return with a new meaning. Social and economic relations can reappear seemingly unchanged, they can be more visibly altered and they can be dismantled. Ideologies, however, to be understood here as master discourses, read problems and solutions in their own way and do not necessarily come closer to each other or disappear. All this, offers food for thought regarding the possibilities and limits of resilience and transition. We argue that the current COVID- 19 pandemic casts doubt on the generic applicability of theories of resilience and transition, yet also sheds a new light on the value of both. We propose the concept of reinvention to describe what is happening and what could happen in a more coordinated fashion. We argue that the current crisis reveals mechanisms in systems dynamics that point at the existence of multiple pathways after dramatic system shocks. Some shocks and their system- specific responses (such as a particular kind of quarantine) are more amenable to resilience strategies afterwards, while others require a path of radical transition. They might also both be needed: a rather stark transition now might ensure future resilience. While the outline of the system after transition is not clear, some desirable features are clear as are the risks and damages of the current system. Also clear is the argument for transitional governance, a temporary governance system (beyond quarantine) which can enable the construction of new long term perspectives in governance and new governance tools meant to reduce chances of a crisis like this one reoccuring.

FINANCIAL SYSTEM RISKS

2021 ◽  
pp. 13-21
Author(s):  
S. E. Demidova ◽  
Keyword(s):  
Public Finance ◽  
Social Economic ◽  
Financial System ◽  
System Stability ◽  
Theoretical Research ◽  
Financial Risks ◽  
The Public ◽  
Systemic Risks ◽  
The Social ◽  
The Impact

Government interference in the social-economic processes through the implementation of anti-crisis measures and fiscal expansion holds the embodiment of financial risks for economic entities. As a result, government debt and budget gaps at the continuing drop of real disposable household income and companies’ profitability grow. Over a long-term horizon, the decisions made can cause a financial system misbalance and new risk generation, including systemic risks in the sphere of public finance. The author carries out the theoretical research of financial system risks, which can result in a decrease in the system stability in general. The study determines that there is no single theoretical concept of financial risks of the public sector. Within the research, the author analyzed the approaches to systemic risks in various economic sectors and decomposed systemic risk of the public finance sphere. The study specified global factors of influence on the financial system stability, determined the impact factors and common fiscal limitations considering the needs in the execution of state obligations. The pandemic factor – COVID-19 spread is highlighted as an exogenous factor of impact on the formation of financial system misbalances. The main threat to the financial system stability considered in terms of the functional-institutional approach is the deficiency of economic entities’ liquidity. Unprecedented budgetary measures of anti-crisis financial regulation, the deferred impact – tax preferences, and monetary measures had an immediate influence on the liquidity volume during the implementation of anti-COVID activities. Tools of budgetary monitoring, budget expenditures reviews, tax expenditures reviews, and budget consolidation ensure the budget mechanism flexibility. Factors producing financial system risks and the selected measures of state regulation will set the trends for the social-economic development of the country in the coming years.

Assessing the financial potential of organizations in the context of professional standard ‘Accountant’

2021 ◽  
Vol 14 (4) ◽  
pp. 407-432
Author(s):  
Irina A. ASTRAKHANTSEVA ◽  
Irina N. KOYUPCHENKO ◽  
Aleksandra A. TERSKIKH
Keyword(s):  
Financial Management ◽  
Systems Approach ◽  
Analytical Models ◽  
Rational Approach ◽  
Financial Strategy ◽  
Economic Relations ◽  
Business Plans ◽  
Finance Management ◽  
Economic Entity ◽  
Potential Formation

Subject. The article addresses the financial potential of the organization, investigates economic relations stemming from financial potential formation and prospects for its growth as a result of actions and initiatives of managerial staff. Objectives. The aim is to disclose the content of the rational approach in financial and analytical studies focused on expressing the analytical value of qualitative and quantitative determination of financial potential in the process of substantiating management decisions on achieving competitiveness and long-term efficiency of economic entity. Methods. The study rests on modern theories of capital structure, methods for developing financial strategy, solving multi-criteria economic problems, including ranking techniques, the graphical and analytical models. Results. We developed methodological recommendations for financial potential assessment, which include the indicators of strategic level of investment capital management based on the systems approach to the use of financial, strategic and investment analysis tools. Their application in practice will increase the informativeness of potential assessment. The findings have an applied focus aimed at professional competencies in the development of organizational and administrative documents that regulate the analysis and assessment of financial potential based on strategic goals. Conclusions. Along with the existing methods, the methodological recommendations form a subsystem of analytical support focused on the organization’s value and finance management. Their use in financial strategy formation enables to identify and study strategic alternatives of development, create financial sections of business plans, justify adjustments to the strategy and tactics of financial management.

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