Pushkinskaya st. 43. office 10
Rostov-on-Don, Russia
344082
e-mail: info@hjournal.ru 
tel. +7(863) 269-88-14

cubsEN (2)

Ethical Factors of Social Capital Increasing in Russia

Ethical Factors of Social Capital Increasing in Russia

Journal of Economic Regulation, , Vol. 7 (no. 2),

Authors’ definition of social capital as an institutional and ethical category, determined by the structure of moral and ethical features of economic agents is considered. It is shown that the level of social capital directly depends on the prevalence of such features of economic agents as honesty, fairness, responsibility, humanity, patriotism. Despite the fact that the level of social capital is currently evaluated through qualitative (personal, expert) methods, it is possible to identify its impact on specific economic indicators. For the analysis based on the elements of social capital and other indicators of socio-economic development the authors used Russian official statistics, international organizations data and sociological surveys results. Considering the advantages and disadvantages of correlation and regression analysis and mathematical methods in Economics in general, the authors set the task not to construct a multifactor model of economic and non-economic indicators interrelation, but to confirm their close ties according to the purpose to substantiate the necessity of the government social and economic policy improvement by taking into account the influence of institutional and ethical factors that have long been investigated outside the pure economic science. Key factors of social capital increasing include honesty, trust, fairness, but their level in Russia remains extremely low due to cultural and historical peculiarities of national development, that can be proven by economic crimes and the shadow economy statistics. Great attention is also paid to social responsibility and patriotism, which are of particular importance in the current geopolitical environment and can be combined in the sense of national economic responsibility.


Keywords: social capital; ethics; moral and ethical features; honesty; trust; justice; national economic responsibility.

References:
  • Bulavkina L. V. (2007). Social Responsibility – a Part of Business or a PR Tool? Marketing Communications, no. 6(42), pp. 386-393. (In Russian).
  • Corruption Perceptions Index. (http://www.transparency.org/cpi2014 – Access Date: 05.05.2016).
  • Dementyev V. (2004). Trust – the Factor of Modern Market Economy Functioning and Development. Russian Economic Journal, no. 8, pp. 46-65. (In Russian).
  • Economic Crimes Statistics (http://econcrime.ru/stat/ – Access Date: 12.12.2015). (In Russian).
  • Edelman Trust Barometer. (http://www.edelman.com/insights/intellectualproperty/2012-edelman-trust-barometer/the-state-of-trust/key-findings – Access Date: 06.04.2016).
  • Fukuyama F. (1995). Trust: Тhe Social Virtues and the Creation of Prosperity. N.Y., The Free Press.
  • Glaziev S. (2007). On the Strategy of the Russian Economy Development. Economic Issues, no. 5, pp. 30-51. (In Russian).
  • Human Development Reports. United Nations Development Programme. (http://hdr.undp.org/en/global-reports – Access Date: 18.05.2016).
  • Investment in Russia. 2015 (2015). Moscow, Rosstat. (In Russian).
  • Innovative Activity Indicators: 2015 (2015). Moscow, Publ. House of HSE. (In Russian).
  • Kazantsev S. V. (2006). The Structure of Foreign Investments in Russia. ECO, no. 4, pp. 53-67. (In Russian).
  • Letenko A. (2012). Abalkin L. I. Russia: Understanding the Fate of. Economic Issues, no. 8, pp. 153-158. (In Russian).
  • Logachev V. A., Zhernov E. E. and Zhernova N. A. (2009). Students of Economics Notions of Economic Life Values. ECO, no. 3, pp. 117-128. (In Russian).
  • Malinin E. D. (2000). Social Responsibility of Entrepreneurs and Economic Reforms in Russia. ECO, no. 10, pp. 177-189. (In Russian).
  • Message from the President of the Russian Federation V. V. Putin to the FederalAssembly December 12, 2012. (http://www.kremlin.ru/news/17118 – Access Date: 16.10.2015). (In Russian).
  • Milner B. (1998). The Factor of Trust in Economic Transformations. Economic Issues, no. 4, pp. 27-38. (In Russian).
  • Myasnikova L. (2000). Russian Mentality and Management. Economic Issues, no. 8, pp. 38-44. (In Russian).
  • Naumov V. N. (2010). Marketing of Trust: the Theory, Principles, Practical Implementation. Marketing and Marketing Research, no. 2(86), pp. 98-108. (In Russian).
  • Nifaeva O. V. (2014). Moral and Ethical Foundations of Economic Relations Transformation in Russia. Moscow, Publ. House «Science». (In Russian).
  • Nifaeva O. V. (2015). Economics and Ethics: the Theory and Methodology of Interconnection. Bryansk, New Project Publ. (In Russian).
  • Nikiforov L. V. (2011). The Strategy of Post-Crisis Development of Russia. Scientific Works of Free Economic Society of Russia, no. 152, pp. 80-90. (In Russian).
  • Non-Economic Sides of Economy: Non-Cognitive Interrelation (2010). Moscow, Institute of Economic Strategies. (In Russian).
  • Nureev R. M. (2014). Russia: the Peculiarities of Institutional Development. Moscow, Norma, INFRA-M. (In Russian).
  • O'Hara Ph. (2009). Contemporary Principles of Heterodox Political Economy. Economic Issues, no. 12, pp. 38-57. (In Russian).
  • Olsevich Yu. (1996). On the National Economic Mentality. Economic Issues,no. 9, pp. 117-130. (In Russian).
  • Rowls J. (1995). The Theory of Justice. Novosibirsk, Publ. House of Novosibirsk University. (In Russian).
  • Russia and the World. 2014 (2014). Moscow, Rosstat. (In Russian).
  • Shadow Business in Figures. (http://www.forbes.ru/ekonomika-column/vlast/65945-tenevoi-biznes-v-tsifrah – Access Date: 21.03.2016). (In Russian).
  • Shadow Economy – 40% of Russian GDP. How Can an Investor Get Use of It? (http://www.forbes.ru/investitsii-column/tsennye-bumagi/84332-tenevaya-ekonomika-40-rossiiskogo-vvp-kak-etim-vospolzovatsy – Access Date: 18.05.2016). (In Russian).
  • Shadow Economy in Russia Was Estimated in 46% of GDP. (http://www.forbes.ru/news/234247-tenevuyu-ekonomiku-rossii-otsenili-v-46-vvp – Access Date: 20.02.2016). (In Russian).
  • Social Responsibility of Business and Corporate Citizenship (2005). World Economy and International Relations, no. 11, pp. 3-13. (In Russian).
  • The Head of Ministry of Finance Considers the Informal Sector of the Russian Federation Economy to Form 15-20% of GDP. (http://top.rbc.ru/economics/20/06/2013/862716.shtml – Access Date: 17.05.2016). (In Russian).
  • World Values Survey. Wave 6. 2010-2014. (http://www.worldvaluessurvey.org/WVSDocumentationWV6.jsp – Access Date: 10.05.2016).
  • Yanzhul I. (1912). Economic Significance of Honesty (Forgotten Factor of Production). Moscow, Print. House of I. N. Kushneryov & Co. (In Russian).
Publisher: Ltd. "Humanitarian perspectives"
Founder: Ltd. "Humanitarian perspectives"
Online ISSN: 2412-6047
ISSN: 2078-5429