Market institutions transformation in modern Russian economy

Introduction. The article discusses the problems of market institutions transformation in modern Russian economy. Transformation is understood primarily as the degradation of the economic institutions’market nature. There is a tendency towards their increasing nationalization and centraliz...

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Main Author: Krasilnikov, Oleg Yurievich
Format: Article
Language:English
Published: Saratov State University 2025-05-01
Series:Известия Саратовского университета. Новая серия: Серия «Экономика. Управление. Право»
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Online Access:https://eup.sgu.ru/sites/eup.sgu.ru/files/text-pdf/2025/05/ekonomika_2025_2-104-115.pdf
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author Krasilnikov, Oleg Yurievich
author_facet Krasilnikov, Oleg Yurievich
author_sort Krasilnikov, Oleg Yurievich
collection DOAJ
description Introduction. The article discusses the problems of market institutions transformation in modern Russian economy. Transformation is understood primarily as the degradation of the economic institutions’market nature. There is a tendency towards their increasing nationalization and centralization. Theoretical analysis. The degradation of market institutions is expressed, first of all, in the transformation of the property institution, which is drifting towards increasing nationalization. In recent years, there has been a clear trend towards the nationalization of private companies, which occurs for various reasons, ranging from the return of defense and systemically important enterprises to state ownership and ending with the presence of a criminal trail and extremist activities. There is also an increase in government regulation of commodity and monetary circulation, institutions of payment and settlement and banking systems, and pricing. The burden of taxation is increasing, as well as fines. In addition, a card system for the distribution of food products for mass consumption is being introduced in some regions. Opinions are expressed on the need to introduce the Institute of economic planning. Results. A conclusion is drawn that, from the point of view of institutional theory, modern Russian economy increasingly resembles a system inherent not in a contractual, but in an exploitative model of the state. The main indicators of this system are high military and administrative costs, nationalization of private property, increased taxes and fines, and a decrease in real incomes of the population.
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issn 1994-2540
2542-1956
language English
publishDate 2025-05-01
publisher Saratov State University
record_format Article
series Известия Саратовского университета. Новая серия: Серия «Экономика. Управление. Право»
spelling doaj-art-f8b3bf5e9b4e4674b99b1e30a9c515f82025-08-20T03:13:01ZengSaratov State UniversityИзвестия Саратовского университета. Новая серия: Серия «Экономика. Управление. Право»1994-25402542-19562025-05-0125210411510.18500/1994-2540-2025-25-2-104-115Market institutions transformation in modern Russian economyKrasilnikov, Oleg Yurievich0Saratov State University, 410028, Russia, Saratov, Astrakhanskaya str., 83Introduction. The article discusses the problems of market institutions transformation in modern Russian economy. Transformation is understood primarily as the degradation of the economic institutions’market nature. There is a tendency towards their increasing nationalization and centralization. Theoretical analysis. The degradation of market institutions is expressed, first of all, in the transformation of the property institution, which is drifting towards increasing nationalization. In recent years, there has been a clear trend towards the nationalization of private companies, which occurs for various reasons, ranging from the return of defense and systemically important enterprises to state ownership and ending with the presence of a criminal trail and extremist activities. There is also an increase in government regulation of commodity and monetary circulation, institutions of payment and settlement and banking systems, and pricing. The burden of taxation is increasing, as well as fines. In addition, a card system for the distribution of food products for mass consumption is being introduced in some regions. Opinions are expressed on the need to introduce the Institute of economic planning. Results. A conclusion is drawn that, from the point of view of institutional theory, modern Russian economy increasingly resembles a system inherent not in a contractual, but in an exploitative model of the state. The main indicators of this system are high military and administrative costs, nationalization of private property, increased taxes and fines, and a decrease in real incomes of the population.https://eup.sgu.ru/sites/eup.sgu.ru/files/text-pdf/2025/05/ekonomika_2025_2-104-115.pdfinstitutionstransformationnationalizationownershipbanksstate corporationspayment and settlement systempricingincometaxesfinesplanning
spellingShingle Krasilnikov, Oleg Yurievich
Market institutions transformation in modern Russian economy
Известия Саратовского университета. Новая серия: Серия «Экономика. Управление. Право»
institutions
transformation
nationalization
ownership
banks
state corporations
payment and settlement system
pricing
income
taxes
fines
planning
title Market institutions transformation in modern Russian economy
title_full Market institutions transformation in modern Russian economy
title_fullStr Market institutions transformation in modern Russian economy
title_full_unstemmed Market institutions transformation in modern Russian economy
title_short Market institutions transformation in modern Russian economy
title_sort market institutions transformation in modern russian economy
topic institutions
transformation
nationalization
ownership
banks
state corporations
payment and settlement system
pricing
income
taxes
fines
planning
url https://eup.sgu.ru/sites/eup.sgu.ru/files/text-pdf/2025/05/ekonomika_2025_2-104-115.pdf
work_keys_str_mv AT krasilnikovolegyurievich marketinstitutionstransformationinmodernrussianeconomy