ECONOMIC GROWTH UNDER CRISIS CONDITIONS WITH THE INFLUENCES OF CULTURAL AND SOCIAL FACTORS

Abstract

Under the conditions of a permanent economic crisis, aggravated by significant social and geopolitical shifts, high-intensity military conflicts, the need to consider the effects of cultural and social factors on economic processes can have not only tactical, but also strategic significance for the development of the economy. This significantly increased the need to create a theoretical and methodological basis, which will provide an opportunity in the future not only to analyze, but also to provide practical recommendations for regulating the specified impacts. The article presents the results of the development of the method of mathematical formalization, a quantitative and qualitative approach to assessing the effects of cultural and social factors on economic processes under crisis conditions. It is proposed to consider the economic crisis as an excessive level of disorder in a multi-parametric and multi-functional system, to consider entropy as an objective function for modeling cultural and social influences on the economic system. It is established that cultural and social factors have a direct influence on economic processes, as parameters of functions of an economic nature and have a limiting effect on the amplitudes of economic functions. The correlation of economic and non-economic factors has been established, which confirms that under the conditions of the crisis, the growth of economic indicators and operationally becomes dependent not only on the quantity of resources, but also on non-economic factors. It is found out that universal factors influencing economic processes include the human factor, which is called "human capital". The refined definition of the concept of "human capital" is proposed. It is outlined that since, under dynamic changes in conditions, innovation cycles should become significantly shorter; this requires the acceleration of education reforms, so that the time of training specialists corresponds to the time of innovation cycles. It is singled out that the limiting function of the factor of intensive training of specialists in institutions of higher and professional pre-higher education to contain the manifestations of the crisis will not be sufficient in the tactical plan, but in the strategic plan, it can lead to economic growth. Keywords: mathematical model, economic growth, crisis conditions, influencing factors, culture factor, social factors.