Open AccessSOCIAL TRUST AS A FACTOR IN SHAPING THE INVESTMENT CLIMATE
Author(s) -
G.A. Elnikova,
N.V. Revenko,
V.A. Tolstikov
Publication year - 2020
Publication title -
kazanskij socialʹno-gumanitarnyj vestnik
Language(s) - English
Resource type - Journals
ISSN - 2079-5912
DOI - 10.24153/2079-5912-2020-11-6-31-35
Subject(s) - investment (military) , population , public institution , economics , public sphere , economic stability , business , economic growth , political science , sociology , politics , demography , law , keynesian economics
One of the foundations of economic growth is investment, the nature, level and stability of which is determined by the investment climate prevailing in a country or region. The investment climate is a complex of socio-economic, social, cultural, organizational, legal and geographical factors that contribute or, conversely, impede the attraction of investments. A significant element and, at the same time, a factor in the formation of the investment climate is the confidence of the population in economic institutions. The purpose of the article is to analyze the confidence of the population in economic institutions and its impact on the formation of the investment climate. The methodological basis of the study was the work of domestic and foreign scientists, devoted, on the one hand, to the socio-economic problems of trust; on the other hand, the activities of financial intermediation institutions. The article uses the methods of functional and comparative analysis; data collection was carried out through questionnaires, in-depth interviews and analysis of statistical data. The work identified social factors that determine the formation of public confidence in economic institutions; analysis of the current state of public confidence in the economic sphere; social mechanisms of forming public confidence in economic institutions are identified. The study established the multilevel nature of public confidence in economic institutions and identified three groups of factors (macro-, meso- and microfactors) that influence the formation of public confidence. Given the multi-level nature of public confidence, social mechanisms are proposed to increase it in the economic sphere.