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Modernization of the Approach to Usage of Region's Budget Resources in the Conditions of Information Economy Development

Author

Listed:
  • Aleksey V. Bogoviz
  • Yulia V. Ragulina
  • Anna V. Komarova
  • Aleksey V. Bolotin
  • Svetlana V. Lobova

Abstract

The purpose of the article is to substantiate the necessity and to develop recommendations for modernizing the approach for usage of region's budget resources in the conditions of the information economy creation. The methodological provision of verification of the offered hypothesis includes the specially developed method for evaluating the effectiveness of usage of region's budget resources from the position of the information economy creation. For calculations, the article uses the information and analytical materials of the Russian specialized institutions that study the processes of development of the information economy: "Research Financial Institute", Ministry of Communications and Mass Communications of the Russian Federation, and expert and ranking organizations - the State Management and CNews. It is proved that the traditional approach to usage of region's budget resources, which is applied in modern Russia, contradicts the general national course for development of the information economy, as it does not stimulate the formation of information society and development of information and technological spheres of the regional economy and does not allow for development of interaction and cooperation of all interests parties within the budget process, which confirms the offered hypothesis. To solve the determined problem, the authors develop the modern approach to the usage of region's budget resources in the conditions of the information economy creation and offer practical recommendations for modernizing the existing approach in modern Russia.

Suggested Citation

  • Aleksey V. Bogoviz & Yulia V. Ragulina & Anna V. Komarova & Aleksey V. Bolotin & Svetlana V. Lobova, 2017. "Modernization of the Approach to Usage of Region's Budget Resources in the Conditions of Information Economy Development," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 570-577.
    • Handle: RePEc:ers:journl:v:xx:y:2017:i:3b:p:570-577
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    References listed on IDEAS

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    1. Sun, Xiang & Sun, Yeneng & Wu, Lei & Yannelis, Nicholas C., 2017. "Equilibria and incentives in private information economies," Journal of Economic Theory, Elsevier, vol. 169(C), pages 474-488.
    2. Graham Brownlow, 2016. "Soft budget constraints and regional industrial policy: reinterpreting the rise and fall of DeLorean," Cambridge Journal of Economics, Cambridge Political Economy Society, vol. 40(6), pages 1497-1515.
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    Cited by:

    1. Yulia V. Ragulina & Elena I. Semenova & Irina A. Zueva & Elena V. Kletskova & Elena N. Belkina, 2018. "Perspectives of solving the problems of regional development with the help of new internet technologies," Post-Print hal-01858552, HAL.
    2. Yulia V. Ragulina & Elena I. Semenova & Irina A. Zueva & Elena V. Kletskova & Elena N. Belkina, 2018. "Perspectives of solving the problems of regional development with the help of new internet technologies," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 5(4), pages 890-898, June.

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