State management of the national economy in conditions of geopolitical instability

Государственное управление национальной экономикой в условиях геополитической нестабильности

Igor A. Mankovsky (Маньковский И.А.)
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Igor A. Mankovsky (Маньковский И.А.): Minsk branch of Plekhanov Russian University of Economics

State and Municipal Management Scholar Notes, 2024, vol. 3, 38-45

Abstract: We consider an economic system consisting of two sectors: public (including municipal) and private. It is shown that in the structure of the economic system the public sector occupies most of the economic space. It has been established that the public sector is, as a rule, less efficient than the private sector, but is capable, unlike the private sector, of stably providing the Russian state with the products necessary to main-tain national security. Based on statistical data on economic efficiency in 2023 and the volume of budget financing of the Russian military-industrial complex in 2022–2024, it was concluded that the economic model of “military Keynesianism” is being implemented in the Russian Federation. Destructive endogenous factors have been identified, including a defect in the institutional structure that reduces the effectiveness of the implemented economic model and certain problematic aspects of the functioning of a mixed economy. Some proposals have been made for the transformation of the national economy in the post-crisis period.

Keywords: economic system; public administration; public sector; private sector; economic policy; economic efficiency; geopolitical instability; economic model; post-crisis modernization; mixed economy; balance of interests; economic transformation (search for similar items in EconPapers)
Date: 2024
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