Modernity imperatives impact on the Russian coal industry enterprises institutional environment

Valeriy Bobrikov,Elena Sedelnikova,Ammar Jamous,Rinat Gilyazov,Nikita Ravochkin,S Vöth,A Abay,N Demirel,J Janocko,Y Tan,M Cehlár,L Sobik,D Szurgacz

doi:10.1051/e3sconf/202131504018

Abstract

In recent years, there has been an increase in the influence of the imperatives of the modern world on the institutional environment of the national economy, which not only creates qualitatively new combinations of challenges, but also contributes to the emergence of multiple institutional gaps. The Russian coal industry is a representative example of an asymmetric institutional environment based on different technological paradigms. In the article, the authors analyze the inconsistencies of the institutional environment of the Russian coal industry with the requirements of the modern world and propose ways to overcome the revealed institutional gaps. The phenomenon of institutions is considered and their significance for the economic sphere is determined. The main institutions of the market economy are presented. The influence of the imperatives of our time on the institutional breaks of the coal industry is indicated. The importance of improving the quality of the institutional environment has been substantiated. The state of the institutional environment of the Russian coal industry is critically analyzed. The directions of corrections of the identified problem areas are proposed for the purpose of innovative development of the domestic coal industry. The mutual influence of formal and informal institutions was clarified. The importance of the innovative development of the Russian coal industry in conjunction with investments in human capital is determined. Finally, the main results of the study are summarized.

Highlights

From the standpoint of the systemic and functional approaches, the coal industry in the heterogeneous structure of the Russian economy will be designated as a component of the fuel and energy complex and can be labeled as “basic”
Such an understanding comes through the aspects of ensuring the progressive and evolutionary development of the entire national economy that are significant for the country
On the one hand, it managed to enter the rails of a market economy, but at the same time it managed to preserve a unique competitive institutional environment, which is a "mix" of the Soviet, transitional and modern periods of development

Summary

Introduction

From the standpoint of the systemic and functional approaches, the coal industry in the heterogeneous structure of the Russian economy will be designated as a component of the fuel and energy complex and can be labeled as “basic”. Such an understanding comes through the aspects of ensuring the progressive and evolutionary development of the entire national economy that are significant for the country. This is due to the underestimation of the role of the institutions themselves. This leads to the appearance of corresponding gaps, primarily related to innovation. It should be noted that at the federal level, the production and development of innovations are articulated as a priority area of development

Objectives

Results

Conclusion