Trust risks and industrial development: framework of the joint analysis
https://doi.org/10.22394/2079-1690-2023-1-1-18-26
Abstract
The article reveals the issues of the relationship between the risks of trust and industrial development, taking into account the inclusion of socio-cultural factors in the analysis of economic dynamics. The study characterizes the concept of trust and identifies the directions and areas of its impact on industrial development in the transition to the neo-industrial paradigm. The high role of the authorities and the openness of public structures in the formation of trust is substantiated. The study determined that it is advisable to use Data mining tools to assess the level of trust. It is proved that Social Mining technologies make it possible to determine the level of trust and, with subsequent conjugate analysis of the dependence of the level of neo-industrial development and the level of trust, to conduct a proactive risk analysis, identifying them at an earlier cyclical level for timely regulatory impact.
About the Authors
N. A. KosolapovaRussian Federation
N. A. Kosolapova – Doctor of Sciences in Economics, Professor, Acting Dean of the Faculty of Economics
Rostov-on-Don
A. Yu. Nikitaeva
Russian Federation
A. Yu. Nikitaeva – Doctor of Sciences in Economics, Professor, Нead of the Department of Information Economics
Rostov-on-Don
D. S. Laskova
Russian Federation
D. S. Laskova – Student of the Faculty of Economics
Rostov-on-Don
References
1. Burciu A., Kicsi R., Bostan I. Social Trust and Dynamics of Capitalist Economies in the Context of Clashing Managerial Factors with Risks and Severe Turbulence: A Conceptual Inquiry. Sustainability; 2020. (12). 8794.
2. Dugin E. YA. The power of trust and the trust of power. Vlast’ = The Authority. 2018;26(8):60-66. (In Russ.)
3. Knack S., Keefer P. Does social capital have an economic pay-off? A cross-country investigation. Quarterly Journal of Economics, 1997. 112, 1251–1288.
4. Arrow K. Gifts and Exchanges. Philosophy and Public Affairs, I 1972. 343-362.
5. Kalish I., Wolf M., Holdowsky J. The link between trust and economic prosperity. Repairing the global erosion of trust has economic advantages. Deloitte insights. 2021. Available from: https://www2.deloitte.com/us/en/insights/economy/connecting-trust-and-economic-growth.html/#endnote-sup-11
6. Bjørnskov C., Méon P.-G. The Productivity of Trust. World Development, 2015. 70, 317-331.
7. Fukuyama F. Trust: The Social Virtues and the Creation of Prosperity; The Free Press: New York, NY, USA, 1995.
8. Padua D. John Maynard Keynes and the Economy of Trust the Relevance of the Keynesian Social Thought in a Global Society; Palgrave Macmillan US: New York, NY, USA, 2014.
9. Nekipelov A. D. What is needed to restore trust in the state in the socio-economic sphere / Trust as a critical factor in achieving strategic goals of socio-economic and political development of the state. Materials for the meeting of the Scientific Expert Council under the Chairman of the Federation Council of the Federal Assembly of the Russian Federation. Moscow. Analiticheskij vestnik = Analytical Bulletin. 2020; 7(750):4-10. (In Russ.)
10. Kotler P., Caslione J. A. Chaotics: The Business of Managing and Marketing in the Age of Turbulence; AMACOM: New York, NY, USA, 2009.
11. Drucker P. F. The Frontiers of Management; Routledge: New York, NY, USA, 2011.
12. Porter M. E., Kramer M. R. The Big Idea: Creating Shared Value. Harv. Bus. Rev. 2011. 89. 62–77.
13. Bilan Y., Brychko M., Buriak A., Vasilyeva T. Financial, business and trust cycles: The issues of synchronization. Proceedings of Rijeka Faculty of Economics: Journal of Economics and Business, 2019. 37. 113–138.
14. Smith C. Trust and total factor productivity. International productivity monitor. 38. 2020.
15. Meng Y., Wang X., Zhang G., Zheng S. Trust and corporate R&D investment: Cross-country evidence, Finance Research Letters, 2021. 40.
16. Su K., Wu J., Lu Y. With trust we innovate: Evidence from corporate. R&D expenditure, Technological Forecasting and Social Change, 2022. 182.
17. Herreros F. Political evolution and institutional change. In The Problem of Forming Social Capital: Why Trust? 1st ed.; Palgrave Macmillan: New York, NY, USA, 2004.
18. Makusheva M. O., Nestik T. A. Socio-psychological prerequisites and effects of trust in social institutions in a pandemic. Monitoring obshchestvennogo mneniya: ekonomicheskie i social'nye peremeny = Monitoring public opinion: economic and social changes. 2020;(6):427-447. (In Russ.)
19. Rezer T. M. Information openness of state and municipal government bodies. Ekaterinburg: Izdatel'stvo Ural'skogo universiteta, 2018. (In Russ.)
Review
For citations:
Kosolapova N.A., Nikitaeva A.Yu., Laskova D.S. Trust risks and industrial development: framework of the joint analysis. State and municipal management. Scholar notes. 2023;(1):18-26. (In Russ.) https://doi.org/10.22394/2079-1690-2023-1-1-18-26






















