THE FORMING OF THE SYSTEM OF RENT REDISTRIBUTION TO THE SOCIAL SECTOR OF THE ECONOMY

Author(s): Artemyev N.V., Rudnitsky V.S.

Rubric: Environmental economics

DOI: 10.21777/2587-554X-2022-2-53-59

Release: 2022-2 (41)

Pages: 53-59

Keywords: income redistribution, rent, rental income, social sector, income redistribution system, patronage, charity

Annotation: The article describes the economic and social factors of the emergence of rental income and traces the historical processes that contributed to the forming of the system of redistribution of rental income to the public sector of the economy. The article describes how the forming of the institution of the state contributed to the fact that the rental income began to be systematically extracted by economic agents. The definitions given by different authors to the concept of “social sector” are presented, the lack of consistency of existing definitions is found. It is also revealed that the defining characteristics of the social sector are, first, its focus on the creation and distribution of public goods, and second, that different ways of redistributing income received in other sectors of the economy dominate among the methods of financing the public sector. Special attention is paid to the role of patronage and charity institutions in the system of rent redistribution, which is assessed as important, and the degree of integration of this institution into the system is recognized as insufficient for nowadays. The results of the study are applicable in developing areas for reforming the mechanisms of strategic partnership between the state and private economic agents owning rent.

Bibliography: Artemyev N.V., Rudnitsky V.S. THE FORMING OF THE SYSTEM OF RENT REDISTRIBUTION TO THE SOCIAL SECTOR OF THE ECONOMY // Economics and Management. – 2022. – № 2 (41). – С. 53-59. doi: 10.21777/2587-554X-2022-2-53-59