Political System of Russia as Endogenous Factor of Economic Development

Abstract

The effective economic development of the Russian Federation is a key factor of stable functioning of state, which is able to perform functions of state governance and national security, as without them the dynamic social and economic development of the Russian state and society is impossible. Today national economy of the Russian Federation is progressing on the way of digital transformation, building economy of the innovative type with subsequent passing over to the new technological structure stipulated by relative state programs. At the same time economic development is hindered by certain geopolitical circumstances connected with inadequate political and economic behavior of unfriendly countries that adopted economic sanctions against the Russian Federation. Under these geopolitical conditions special attention should be paid to the quality and efficiency of the present political system, as well as the quality of the institutional environment envisaged by the quality of political system. The article studies the structure of political system in the Russian Federation in view of its impact on economic development dynamics. It was identified that the political system as a component of institutional structure of Russia consists of two groups of institutions that represent interests of Russian state and Russian society, which do not always coincide in the field of social and economic development. Within the frames of institutional analysis the author proposes to distinguish two blocks in the political system, i. e. a state block and a block representing interests of Russian society in order to find similar and controversial interests of state and society to harmonize them in the process of developing state economic policy. The author puts forward criteria compliance to which of the political system as a key component of the institutional structure in Russia affecting the economic development intensity could allow us to recognize it effective, capable of creating efficient institutional environment (totality of formal institutions), promoting dynamic development of national economy within the frames of approved state programs.

Keywords

• national economy
• economic development dynamics
• effective political system
• political institutions
• balance of state and public interests