+7 925 966 4690, 9am6pm (GMT+3), Monday – Friday
ÈÄ «Ôèíàíñû è êðåäèò»

JOURNALS

  

FOR AUTHORS

  

SUBSCRIBE

    
Finance and Credit
 

Assessing the influence of the State policy of various countries on efficiency and stability of socio-political and economic processes

Vol. 21, Iss. 23, JUNE 2015

PDF  Article PDF Version

Available online: 23 June 2015

Subject Heading: THEORY OF FINANCE

JEL Classification: 

Pages: 2-16

Yashina N.I. Lobachevsky State University of Nizhniy Novgorod - National Research University (UNN), Nizhny Novgorod, Russian Federation
sitnicof@mail.ru

Pronchatova-Rubtsova N.N. Lobachevsky State University of Nizhniy Novgorod - National Research University (UNN), Nizhny Novgorod, Russian Federation
pronat89@mail.ru

Importance Continuous changes in global political and economic areas, the need to manage them and control their implications, to bring them under control of certain models and regularities update the study and development of methodological approaches to complex assessment of countries, their political, social and economic position on the world stage, and determination of stability and efficiency of their national policy.
     Methods We applied the methods of economic and system analyses and mathematical statistics to investigate socio-political and economic processes in some countries of the world. We offered a technique for their integrated assessment based on the integrated standardized ratio, taking into account the created system of relative indicators considering the problematic and multidirectional nature of interaction of the society, the policy and the economy. The study considers different significance of the system's indicators in the integrated indicator by means of the expert ranking of indicators, i.e. the Fishburne point estimate rule.
     Results We have developed a technique for integrated assessment of efficiency and stability of State policy of countries based on the integrated standardized indicator of socio-political and economic processes, and provided a corresponding country rating.
     Conclusions and Relevance The technique revealed the countries that realize an effective State policy. The leading positions in the rating belong to the countries, where the State policy demonstrates maximum efficiency. The research findings lead to a conclusion that there is no straightforward correlation between efficiency and stability of a State policy.

Keywords: socio-political processes, economic processes, assessment technique, standardization, significance, importance, indicators, integrated standardized indicator, efficiency, stability, State policy

References:

  1. Batchikov S.A. Globalizatsiya – upravlyaemyi khaos [Globalization is a controlled chaos]. Ekonomicheskie strategii = Economic Strategies, 2008, vol. 10, no. 5-6, pp. 38–45.
  2. Bel'skikh I.E. Vliyanie byudzhetnoi i strukturnoi politiki na deformatsiyu ekonomiki kak istochnik natsional'nogo ekonomicheskogo krizisa [The impact of fiscal and structural policies on economy’s deformation as a source of national economic crisis]. Ekonomicheskii analiz: teoriya i praktika = Economic Analysis: Theory and Practice, 2011, no. 27, pp. 2–7.
  3. Bondarenko V. Kontury ekonomiki budushchego i nastoyashchego: dve paradigmy razvitiya [Contours of the economy of the future and the present: two paradigms of development]. Vestnik Instituta ekonomiki RAN = Bulletin of Institute of Economics of RAS, 2011, no. 2, pp. 15–26.
  4. Valovaya M.V. Politika [Politics]. Moscow, Magistr Publ., 2008, 336 p.
  5. Ginzburg M.Yu., Pronchatova-Rubtsova N.N. Problemy primineniya metoda real’nykh optsionov v otsenke investitsionnykh proektov na primere binomial’noj modeli [Issues of applying the method of real options in investment projects evaluation, the binomial model case]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2012, no. 18, pp. 14–18.
  6. Golosov E. Mirovye finansovye rynki v 2014 g.: dvizhenie k “zolotoj seredine”? [Global financial markets in 2014: moving to the ‘golden mean’?]. Available at: Link. (In Russ.)
  7. Gribova S.N. Globalizatsiya i regionalizatsiya – determinanty mirovogo ekonomicheskogo razvitiya [Globalization and regionalization: the determinants of global economic development]. Ekonomicheskii zhurnal = Economic Journal, 2005, vol. 9, pp. 93–107.
  8. Grinberg R.S. Kontury global’nogo mira: oboznachaya budushchee [Contours of the global world: designating the future]. Ekonomicheskie i sotsial’nye peremeny: fakty, tendetsii, prognoz = Economic and Social Changes: Facts, Trends, Forecast, 2011, no. 1, pp. 17–28.
  9. Grinberg R.S. Esli vy ne uchastvuete v politike, to vy zasluzhivaete toi ekonomiki, kotoraya est’ [If you do not participate in politics, you deserve the economy you have]. Available at: Link. (In Russ.)
  10. Dolgov S.I., Savinov Yu.A. Globalizatsiya i ekonomicheskii rost glazami evropeiskogo ekonomista [Globalization and economic growth as viewed by a European economist]. Rossiiskii vneshneekonomicheskii vestnik = Russian Foreign Economic Journal, 2014, no. 9, pp. 4–20.
  11. Evdokimova T.V. [The impact of monetary policy on the US economy after the crisis]. Rossiya i Amerika v 21 veke, 2013, no. 1, pp. 8–9. (In Russ.) Available at: Link.
  12. Kolodko G.V. Globalizatsiya, transformatsiya, krizis – chto dal'she? [Globalization, transformation, crisis: what is next?]. Moscow, Magistr Publ., 2012, 176 p.
  13. Kolodko G.V. Kuda idet mir: politicheskaya ekonomiya budushchego [Where the world goes: the political economy of the future]. Moscow, INFRA-M Publ., 2014, 528 p.
  14. Kolodko G.V. Mir v dvizhenii [World in motion]. Moscow, Magistr Publ., 2009, 575 p.
  15. North D. Instituty, institutsional’nye izmeneniya i funktsionirovanie economiki [Institutions, Institutional Change and Economic Performance (Political Economy of Institutions and Decisions)]. Moscow, Nachala Publ., 1997, 180 p.
  16. Raizberg B.A. Ekonomika i finansy [Economics and finance]. Moscow, Finansy Publ., 2008, 464 p.
  17. Ryakhovskaya A.N. Vliyanie sotsial'noi politiki gosudarstva na tempy razvitiya ekonomiki [The impact of the social policy of the State on economic growth rates]. Effektivnoe antikrizisnoe upravlenie = Effective Crisis Management, 2010, no. 1, pp. 56–59.
  18. Friedman M. Vzaimosvyaz' mezhdu politicheskoi i ekonomicheskoi svobodami [Interrelation between political and economic freedom]. Available at: Link. (In Russ.)
  19. Yashina N.I., Emel'yanova O.V., Pronchatova-Rubtsova N.N. Teoreticheskie i metodologicheskie aspekty formirovaniya mezhbyudzhetnykh otnoshenii v Rossii na osnovanii otsenki finansovogo sostoyaniya sub"ektov Federatsii [Theoretical and methodological aspects of building inter-budget relations in Russia based on assessing the financial status of subjects of the Russian Federation]. Finansovaya analitika: problemy i resheniya = Financial Analytics: Science and Experience, 2013, no. 9, pp. 7–21.
  20. Yashina N.I., Poyushcheva E.V. Problemy i podkhody k otsenke effektivnosti upravleniya gosudarstvennym dolgom s uchetom pokazatelei sotsial'no-ekonomicheskogo razvitiya stran [Problems and approaches to evaluating the effectiveness of public debt management subject to the indicators of socio-economic development of countries]. Audit i finansovyi analiz = Audit and Financial Analysis, 2013, no. 6, pp. 386–394.

View all articles of issue

 

ISSN 2311-8709 (Online)
ISSN 2071-4688 (Print)

Journal current issue

Vol. 30, Iss. 3
March 2024

Archive