BIO Web Conf.
Volume 82, 2024International Scientific and Practical Conference “Methods for Synthesis of New Biologically Active Substances and Their Application in Various Industries of the World Economy – 2023” (MSNBAS2023)
|Number of page(s)
|Economic Aspects of the Production and Use of Biologically Active Substances
|03 January 2024
Institutional responses to the challenges of the Russian agro-industrial complex
Russian State Agrarian University – Moscow Timiryazev Agricultural Academy, Moscow, Russia
* Corresponding author: firstname.lastname@example.org
The work is devoted to the complex issues of the influence of the theoretical prerequisites of institutional and neo-institutional economic theory on the sustainable development of the agricultural sector. The purpose of the work is to substantiate the scientific theoretical foundations of institutional and neo–institutional economic theories as the basis for regulating the agricultural sector. The methodological basis of the study is an integrated approach, which examines the challenges facing the Russian agro-industrial complex and possible institutional solutions to emerging barriers. The conceptual foundations of the institutional movement at the first stage of its development and their relation to state regulation are shown. The main provisions of the theory of dirigisme and new industrial society are shown. The scientific foundations of the neo-institutional school of economic theory are formulated. It is shown that the main institutions require maximum attention from the state to ensure their functioning, sustainable long-term development of the economic system, and the social well-being of the country’s citizens. The main functions of the state, its boundaries and effectiveness conditions in the new institutional theory are defined. The main institutional mechanisms for improving institutions in the Russian agricultural sector to ensure long-term sustainable economic growth are identified: market institutions; national institutes of economic development; state institutions of economic growth in the agricultural sector; institutes for reducing volatility. The presented model allows, unlike traditional approaches, to be based on the historical development of the institutional environment, which allows to assess the justification for changing institutions in agriculture; allows to assess the compatibility of ongoing institutional changes with the established institutional environment.
© The Authors, published by EDP Sciences, 2024
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Current usage metrics show cumulative count of Article Views (full-text article views including HTML views, PDF and ePub downloads, according to the available data) and Abstracts Views on Vision4Press platform.
Data correspond to usage on the plateform after 2015. The current usage metrics is available 48-96 hours after online publication and is updated daily on week days.
Initial download of the metrics may take a while.