On some approaches of public administration to stimulating economic growth
The article observes the mechanisms and levers of public administration aimed at stimulating economic growth in a fundamentally new environment, i.e. post-crisis recovery in the world and in Russia characterized by arrested economic development and constantly shrinking real income of households in...
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| Autores principales: | , , |
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| Formato: | article |
| Lenguaje: | RU |
| Publicado: |
Ural State University of Economics
2019
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| Materias: | |
| Acceso en línea: | https://doaj.org/article/4581be736c00445b8ec1a1027d971b35 |
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| Sumario: | The article observes the mechanisms and levers of public administration aimed at stimulating economic growth in a fundamentally
new environment, i.e. post-crisis recovery in the world and in Russia characterized by arrested economic development
and constantly shrinking real income of households in the Russian Federation. The Russian economy also suffers from a decline in domestic
demand. Under such conditions, the country pursues a restricting monetary and fiscal policy. The methodological framework
of the study embraces the theoretical principles of strategic management and new public management. The authors apply a wide range
of qualitative methods of analysis, as well as retrospective, structural-functional and system-based approaches. The paper analyses domestic
demand in Russia and views it as an important object of public administration and one of the central factors in economic growth.
The current level of domestic demand is insufficient and hampers economic growth. At the same time, external demand for Russian
export goods may decrease due to the slowdown in global growth. In the event of severe destabilization, external risks in the financial
markets may adversely affect the Russian economy. We conclude that it is highly necessary to increase the efficiency of internal factors
as sources of economic growth in Russia through the active use of public management mechanisms. The paper discusses the measures
of public administration employed by other countries to stimulate their economic growth amid similar conditions and finds that the Russian
regulatory authorities have powerful, but yet unused, levers at their disposal. The research results may be useful for public authorities
and institutions when implementing monetary and fiscal policy. |
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