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: Mikhail V. Ershov, Anna S. Tanasova, Elena Yu. Sokolova
Formato: article
Lenguaje:RU
Publicado: Ural State University of Economics 2019
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Acceso en línea:https://doaj.org/article/4581be736c00445b8ec1a1027d971b35
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spelling oai:doaj.org-article:4581be736c00445b8ec1a1027d971b352021-12-02T04:05:52ZOn some approaches of public administration to stimulating economic growth10.29141/2218-5003-2019-10-5-32218-50032218-5003https://doaj.org/article/4581be736c00445b8ec1a1027d971b352019-10-01T00:00:00Zhttp://upravlenets.usue.ru/images/81/3.pdfhttps://doaj.org/toc/2218-5003https://doaj.org/toc/2218-5003The 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.Mikhail V. ErshovAnna S. TanasovaElena Yu. SokolovaUral State University of Economicsarticlepublic administrationmonetary policycentral bankseconomic growthBusinessHF5001-6182FinanceHG1-9999RUУправленец, Vol 10, Iss 5, Pp 20-32 (2019)
institution DOAJ
collection DOAJ
language RU
topic public administration
monetary policy
central banks
economic growth
Business
HF5001-6182
Finance
HG1-9999
spellingShingle public administration
monetary policy
central banks
economic growth
Business
HF5001-6182
Finance
HG1-9999
Mikhail V. Ershov
Anna S. Tanasova
Elena Yu. Sokolova
On some approaches of public administration to stimulating economic growth
description 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.
format article
author Mikhail V. Ershov
Anna S. Tanasova
Elena Yu. Sokolova
author_facet Mikhail V. Ershov
Anna S. Tanasova
Elena Yu. Sokolova
author_sort Mikhail V. Ershov
title On some approaches of public administration to stimulating economic growth
title_short On some approaches of public administration to stimulating economic growth
title_full On some approaches of public administration to stimulating economic growth
title_fullStr On some approaches of public administration to stimulating economic growth
title_full_unstemmed On some approaches of public administration to stimulating economic growth
title_sort on some approaches of public administration to stimulating economic growth
publisher Ural State University of Economics
publishDate 2019
url https://doaj.org/article/4581be736c00445b8ec1a1027d971b35
work_keys_str_mv AT mikhailvershov onsomeapproachesofpublicadministrationtostimulatingeconomicgrowth
AT annastanasova onsomeapproachesofpublicadministrationtostimulatingeconomicgrowth
AT elenayusokolova onsomeapproachesofpublicadministrationtostimulatingeconomicgrowth
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