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Influence of Institutional Factors on the Development of Socio-Ecological and Economic Systems under Conditions of Uncertainty
[Влияние Институциональных Факторов На Развитие Социо-Эколого-Экономических Систем В Условиях Неопределенности]

Author

Listed:
  • Elena A. Domogatskaya (Домогатская, Елена)

    (Saint-Petersburg State Agrarian University)

  • Sergey V. Shmanev (Шманев, Сергей)

    (Financial University under the Government of the Russian Federation)

Abstract

Under conditions of system crisis, the use of traditional forecasting and planning methods does not allow providing the required level of reliability due to the fact that radical change in institutional environment leads to emergence of fundamental impossibility of prolongation of retrospective trends into the future. Under conditions of spasmodic increase of uncertainty, the choice of the direction of strategic development of socio-ecological and economic systems for medium and long term is determined by the impact of a complicated complex of individually insignificant factors. Institutional guidelines play the most important role in this process, transformation of which is activated precisely during the crisis phase.

Suggested Citation

  • Elena A. Domogatskaya (Домогатская, Елена) & Sergey V. Shmanev (Шманев, Сергей), 2022. "Influence of Institutional Factors on the Development of Socio-Ecological and Economic Systems under Conditions of Uncertainty [Влияние Институциональных Факторов На Развитие Социо-Эколого-Экономич," Science outpost, Russian Presidential Academy of National Economy and Public Administration, issue 4(62), pages 72-79.
    • Handle: RePEc:rnp:scpost:sp2210
    DOI: 10.36683/2076-5347-2022-4-62-72-79
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    More about this item

    Keywords

    institutions; institutional research; evolutionary economics; synergetic-institutional approach; economic crisis; forecasting; strategic management;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology
    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

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