Latest Articles from Russian Journal of Economics Latest 6 Articles from Russian Journal of Economics https://rujec.org/ Fri, 29 Mar 2024 16:10:03 +0200 Pensoft FeedCreator https://rujec.org/i/logo.jpg Latest Articles from Russian Journal of Economics https://rujec.org/ Economics of gender: A bibliometric analysis https://rujec.org/article/72689/ Russian Journal of Economics 8(3): 295-314

DOI: 10.32609/j.ruje.8.72689

Authors: Irina E. Kalabikhina, Sofia M. Rebrey

Abstract: This research aims to identify major fields and structures of economics of gender research based on bibliometric analysis between 1960 and 2020. The analysis of the journals in economics of gender captures major development stages of gender economics. The study of economics of gender is growing rapidly as seen in the increasing number of journals, articles and citations from the 1970s onwards. It grew faster than the pace of economic publications during the 1980–1990s. The economics of gender research disciplines largely replicates economics and can be viewed as part of economics of inequality. But its feminist philosophy and methodology distinguish the economics of gender as a separate branch of economic sciences which furnishes new findings. According to the Scimago and Web of Science databases, more than 90% of articles in economics of gender are published in English (fewer than in the field of economics in general). The structure of the analyzed countries reflects not only the sophistication of national research in economics of gender, but also the degree of their integration into international scientific discourse, including the presence of a language barrier. Gender economists are primarily focused on the problems of developing countries. Advanced economies account for less than a third of all publications.

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Research Article Thu, 6 Oct 2022 20:57:16 +0300
Towards a general theory of social and economic development: Evolution of coordination mechanisms https://rujec.org/article/33621/ Russian Journal of Economics 4(4): 346-385

DOI: 10.3897/j.ruje.4.33621

Authors: Victor Polterovich

Abstract: A new approach to understanding social and economic development is proposed, based on consideration of the evolution of coordination mechanisms. The work consists of two parts. In the first part, a critical analysis of four recently proposed theories of social development, focusing on geographical, institutional or cultural factors, is given. These theories have greatly enriched our understanding of the evolution of society, however, as analysis shows, none of them provides a satisfactory description of the driving forces and mechanisms of this evolution; the main reason is rooted in their common deficiency — monocausality. It is proposed to distinguish between two types of development, catching up and leading. The basic ideas of the theory of catching up development are presented. This approach makes it possible to explain the phenomenon of the “economic miracle” as a result of mutually conditioned changes in culture, institutions, technological progress and well-being in the context of interaction of competition, power and collaboration mechanisms. The second part is devoted to the theory of leading socioeconomic development. It is shown how in Western Europe, as a result of the interaction of the above four factors, specific forms and combinations of the three main mechanisms of coordination — competition, power and collaboration — emerged at each stage of evolution. I emphasize the importance of ideology and the phenomenon of technical progress in the formation of institutions of economic and political competition that contributed to the creation of the welfare state. These changes and economic growth created the conditions for further transformation of civil culture: increasing levels of trust, tolerance, altruism and cosmopolitanism, expanding the planning horizon. The decrease in the level of coercion built into the mechanisms of power and competition are demonstrated as well as the expansion of the role of collaboration. A hypothesis is advanced that the speed of this process depends on geographical factors. The idea of the welfare world is discussed.

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Research Article Mon, 31 Dec 2018 15:25:48 +0200
Whither modern economics? Subjective semi-sociological observations https://rujec.org/article/30171/ Russian Journal of Economics 4(3): 285-304

DOI: 10.3897/j.ruje.4.30171

Authors: Rostislav Kapeliushnikov

Abstract: The paper summarizes main recent sociological, epistemological, methodological and ideological trends in modern economics and tries to evaluate its current state and further perspectives. Special attention has been paid to a change in economists’ methodological ideal: economic science began with trying to become like physics but actually has become like medical statistics. The paper’s general conclusion is that what we are witnessing today in modern economics is simply an ordinary working state rather than a triumph or a crisis. However, that state is not very promising since the period of new large theoretical ideas seems to be over for economics, the new atheoretical tendency in it is becoming stronger and in the very near future, economics is most likely to become more and more interventionist.

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Research Article Tue, 9 Oct 2018 09:06:45 +0300
Meeting blindly… Is Austrian economics useful for dynamic capabilities theory? https://rujec.org/article/27964/ Russian Journal of Economics 2(1): 86-110

DOI: 10.1016/j.ruje.2016.04.005

Authors: Andrey Shastitko, Svetlana Golovanova

Abstract: This paper relates competition studies and views on competition policy within Austrian economics to the dynamic capabilities theory. The idea of interacting research programs in economics is used to provide the frame for reflecting on particular issues of competition, on the one hand, and (1) ignorance, (2) knowledge (including tacit knowledge), (3) rationality, (4) equilibrium, (5) innovation, (6) entrepreneurship, and (7) monopoly, on the other hand. Unlike the majority of previous studies, these issues are discussed here mainly through the lens of new institutional economics. Williamson's three-level scheme is used to explain opportunities and constraints for mutually enriching exchange of concepts between different but close approaches in economic research. This paper shows that there are important interconnections and complementarities despite significant differences in objects of study and weak mutual flows of ideas and concepts.

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Research Article Mon, 29 Feb 2016 00:00:00 +0200
Hyman Minsky's financial instability hypothesis and the Greek debt crisis https://rujec.org/article/27959/ Russian Journal of Economics 1(4): 419-438

DOI: 10.1016/j.ruje.2016.02.005

Authors: Sergey Beshenov, Ivan Rozmainsky

Abstract: This article attempts to analyze the current debt crisis in Greece based on the financial instability hypothesis developed by Hyman Minsky. This article shows that the hypothesis provides an understanding of how an economy endogenously becomes “financially fragile” and thus prone to crises. The authors analyze how public and private sector behavior in the Greek economy led to the country's debt crisis. In particular, based on a sample of 36 Greek companies, the authors show that between 2001 and 2014, the majority of those companies had switched to fragile financial structures. Special attention is devoted to the negative consequences of applying the neoclassical doctrine of “austerity measures” in Greece as the principal “anti-crisis” concept of mainstream economic science.

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Research Article Mon, 30 Nov 2015 00:00:00 +0200
Informal institutions and radical ideologies under institutional transformation https://rujec.org/article/27947/ Russian Journal of Economics 1(2): 182-198

DOI: 10.1016/j.ruje.2015.11.003

Authors: Irina Starodubrovskaya

Abstract: This article questions one of the central postulates of institutional economic theory, i.e., that of the sustainability and purely evolutionary changes of informal institutions. To study the phenomenon of the destruction of informal institutions and its consequences, we use the tools of sociological theory, which acknowledge that a period of intensive urbanization is characterized by anomie, i.e., a lack of norms, in which traditional institutions are destroyed, while new urban institutions have not yet taken shape. We reviewed the possible reactions of communities and individuals to the conditions of anomie, including the compensatory mechanisms of ideologies. In the case of the Dagestan Republic, we show how the proliferation of fundamentalist Islamic ideology is associated with the state of anomie and the consequences to which it could lead from an institutional point of view. The analysis of the situation in Dagestan is based on long-term field research conducted in the region.

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Research Article Sun, 31 May 2015 00:00:00 +0300