DOI: 10.33917/mic-1.114.2024.11-24

The paper examines the possible connection between technological and spiritual development, that is, in fact, between economic and non-economic factors of development. The purpose of the study is to identify the possibilities of the modern theory of technological development to explain the effect of the lag in technology development, taking into account the factor of spiritual development, and also to consider the mutual influence of the two types of development. The research methodology consists of the theory of technological structures, approaches to the analysis of technological choice, as well as the method of comparative analysis. The overall result is the conclusion that it is not possible to explain the decline in the level of spiritual development by an increase in the level of technological development. A diagram of the long-term institutional development cycle is obtained – the circulation of institutional forms of life organization based on the assessment of non-economic factors according to the ancient Chinese philosopher Sima Qiang. It reflects a change in preferences in agency relationships regardless of technological development and shows the determination of other factors of spiritual development. The given examples, in particular, of Nazi, pre-Nazi and post-Nazi Germany, also serve as an argument that the reverse determination of technological and spiritual development is not fair. The position has been put forward that both types of development still determine one another, that is, they show a positive relationship, and possible regression occurrences may have a nature unrelated to the sources of technology development. A general conclusion has been reached that the studies allegedly revealing the paradox of the lag associated with the difference in the time of the spiritual crisis for different countries are untenable due to many errors in the interpretation and schematic representation of technological and spiritual evolution identified in the study. A “pseudo-paradox” arises, and the real problem of the lag comes down to the fixation and emerging dependence at the level of technology and institutional-organizational structures, which does not allow overcoming this lag.

References:

1. Kleiner G.B. Economy. Modeling. Mathematics. Selected works. M.: CEMI RAS, 2016. 856 p.

2. Lvov D.S., Glazyev S.Yu. Theoretical and applied aspects of scientific and technological progress management. Economics and mathematical methods. 1986;5:793–804. (In Russ.).

3. Perez K. Technological revolutions and financial capital. Dynamics of bubbles and periods of prosperity. M.: Delo, 2011. 232 p.

4. Skobelev D.O. Mathematical model for determining the best available technologies. Competence. 2019;9–10:64–67. (In Russ.).

5. Sukharev O.S. Economics of industry, technology and intellectual firms. M.: Lenand, 2022. 304 p.

6. Sukharev O.S. Technological sovereignty: solutions at the macroeconomic and sectoral level. Microeconomics. 2023;2:19–33 (In Russ.).

DOI: 10.33917/mic-2.109.2023.19-33

The problem of ensuring technological sovereignty in the Russian economy is considered. The purpose of the study is to identify the features of technological development and assess technological sovereignty at the sectoral and macroeconomic levels of management. The methodology is the theory of technological change, comparative and empirical, structural analysis. The general result of applying these approaches is proposals at the macroeconomic level and for sectoral policy that contribute to increasing the technological independence of the state. Ensuring technological sovereignty comes down not only to the substitution of technology imports, but, more importantly, to the resuscitation of the domestic technological base. Particular emphasis should be placed on overcoming the existing and chronic problems of the technological development of the Russian economy. These include: the pseudo effect of technological dualism, the low sensitivity of manufacturability to investment in new technologies, the low share of the knowledge economy, and the inefficient structure of technological modes. Increasing the rate of accumulation of fixed capital and bringing it to the rate of savings is a false goal, since the structure of the distribution of investments, and not their share, that is, the volume, is important for long-term growth. Measures for financial independence proposed at the macro level will determine the solution of the problem of technological sovereignty, but the proposed recipes are very streamlined, not specific and do not solve the problem of sovereign financial development, since the placement of financial resources in external instruments, the application of the previous targeting policy and the budget rule remain, as well as the monetary policy of curbing growth. These conditions will hinder the solution of the problem of ensuring technological sovereignty in Russia.

References:

1. Glazyev S.Yu. Nanotechnologies as a key factor in the new technological order in the economy / Ed. Academician of the Russian Academy of Sciences S.Yu. Glazyev and Professor V.V. Kharitonov. M.: Trovant, 2009. 304 p.

2. Lvov D.S., Glaziev S.Yu. Theoretical and applied aspects of STP management. Economics and Mathematical Methods. 1986;5:793–804. (In Russ.).

3. Mensch G. Technological stalemate: innovations overcome depression. M.: Economics, 2001. 211 p.

4. Perez K. Technological revolutions and financial capital. Dynamics of bubbles and periods of prosperity. M.: Delo, 2011. 232 p.

5. Sukharev O.S. Economics of technological development. M.: Finance and statistics, 2008. 480 p.

6. Sukharev O.S. Economics of industry, technology and intellectual firms. M.: Lenand, 2022. 304 p.

7. Antonelli C., Gehringer A. Technological change, rent and income inequalities: A Schumpeterian approach. Technological Forecasting & Social Change. 2017;115:85–98.

8. Breschi S., Malerba F., Orsenigo L. Technological Regimes and Schumpeterian Patterns of Innovation. The Economic Journal. 2000;110 (463):388–410.

DOI: 10.33917/mic-2.103.2022.5-38

Monetary policy is the most important instrument of economic growth policy, but the influence of any instrument may weaken or strengthen over time. We will designate this state as the cumulative effect of monetary policy. The purpose of the study is to determine the cumulative effect of monetary policy, with the identification of the effectiveness of its measures in ensuring the growth of the Russian economy. The methodology of the study consists of monetary theory, structural analysis of the money supply, the principle of «goals-tools» of economic policy and correlation and regression analysis, which allow to identify the presence of the cumulative effect of monetary policy, to determine its impact on relevant macroeconomic goals: GDP growth and inflation.

The result of the study is the application of the introduced indicators of the sensitivity of macro-policy goals to monetary policy instruments, representing a picture of the weakening of the influence of monetary policy on the growth of the Russian economy. The increasing monetization was accompanied, in particular, by a decrease in the growth rate of the Russian economy, the unfolding of a recession, the consequences of which affect the dynamics of economic development, while maintaining a tight monetary policy option – with an increase in the key interest rate. The structural analysis of the money supply for the M2 aggregate made it possible to identify those components that, with an increase, slow down growth and reduce inflation, as well as to determine the closeness of the relationship of the interest rate with the changing components of the money supply. The assessment of the cumulative effect of monetary policy on two goals of macroeconomic development – growth and inflation, and two monetary policy instruments – the M2 money supply and the key interest rate, confirmed the existence of a negative cumulative effect of the policy for the growth goal and a positive cumulative effect on the inflation rate. For two purposes at once, the positive cumulative effect of monetary policy is confirmed only for the period 2016-2018 in the interval 2001-2020. Thus, monetary policy, firstly, ensured the containment of inflation out of connection with growth, and secondly, provided different cumulative effects for different purposes – due to the different sensitivity of the target to the instruments.

The prospect of the study is seen in the creation of some kind of aggregated indicator that would allow taking into account the overall impact on the dynamics of the entire set of monetary policy measures, and not separately by goals and instruments, as presented in this study.

References:

1.       Glazyev S.Yu. A leap into the future. Russia in new technological and world economic structures. Moscow: Knizhny Mir, 2018. 768 p. (In Russ.).

2.      Glazyev S.Yu. Lessons of the next Russian revolution: the collapse of a liberal utopia and a chance for an «economic miracle». Moscow: Publishing House «Ekonomicheskaya Gazeta», 2011. 576 p. (In Russ.).