bluuebunny/crossref_metadata_2025 huggingface dataset:
The New Role of the Capital Market in Russia
Authors: Danilov Yu.
Published: March 2019

The article is devoted to the new role of the capital market in the Russian economy. New qualitative characteristics of the Russian capital market are described, which make it possible to carry out its macroeconomic functions, including the function of transferring savings into investments as a main one. The author analyses the processes, which have lead to this new quality of the capital market. It is affirmed that the сhange of its role has taken place as a result of consequent abandoning and weakening of the restrictions that have been inherent to all participants of the market - investors, issuers and intermediaries.
Credit Activity of Russian Enterprises
Authors: Tushunov D.
Published: March 2019

Issues of providing credits to enterprises of the real sector of the economy are considered in the article. The attempt to systemize risks in this sphere on the side of large and medium-size industrial enterprises as well as commercial banks is made. Basing on statistical data the interaction of the size of enterprise and its credit activity is analyzed. Temporal structure of the credit portfolio of large enterprise is considered.
Management of State Unitary Enterprises
Authors: Akhmeduev A.
Published: March 2019

The author explores the ways of increasing unitary enterprises' performance. Among them are: the division of functions of subjects of management; the complete stock-taking and certification of enterprises' property, the rise of responsibility of managers. The author also puts the question about the introduction of obligatory payments for the use of state property.
Magnitogorsky Metallurgy Combinat in the Russian Economy
Authors: Rashnikov V. , Morozov A.
Published: March 2019

The paths of reforms in economic, financial, investment and social spheres of the Combinat's activity are considered in the article. The Combinat has managed to achieve leading positions in the Russian economy. The efficient management structure has allowed to increase production and keep the personnel.
Regulated Transition to Market in Vietnam
Authors: Dang Thi Hiew La
Published: March 2019

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Derivatives: Theoretical Approach Accounting for Market Realities
Authors: Zabulonov A.
Published: March 2019

The article analyses how different factors, including market environment and intra-firm factors, have influenced the rapid development of derivatives market during the last 20 years. The author studies the fundamental concept of the derivative instruments regulation (SFAS 133) and proposes some amendments to the regulatory statute. He also builds a conceptual model of the derivative instrument and suggests a system for derivative instruments classification. The analysis of modern derivative instruments' potentially harmful characteristics is also carried out.
The Essence and Role of the Derivatives Market in the Modern Economy
Authors: Darushin I.
Published: March 2019

The main theoretical aspects of derivatives market functioning are considered in the article. In accordance with national and foreign researchers' opinions the definition of forward transactions is proposed and its economic essence is revealed. The macroeconomics model of derivatives market equilibrium and the model of combined functioning of derivatives and spot markets are propounded.
Participants of the Global Oil Market
Authors: Kokurin D. , Melkumov G.
Published: March 2019

The article deals with the leading participants of the global oil market and examines its basic parameters in 2002. The authors point out such demand-creating countries as the USA, the EU15 and the Asia Pacific, discuss their specifics as oil-consuming countries and their ability to influence the global oil market. The supply is provided by OPEC countries, US oil corporations and partly independent oil producers.
The Influence of the Russian Antitrust Legislation on Economic Development
Authors: Novikov V.
Published: March 2019

The antitrust legislation is traditionally considered as an attribute of free market economy and an incentive to increase public welfare. Critical analysis of the given theses is offered in the article. The author provides a number of theoretical, historical and practical arguments on the negative influence of antitrust legislation on economic development. In his opinion, antitrust measures liquidate competition, acting as a means of protection of non-competitive commodity producers. Under tariff regulation prices are usually established at higher level than under conditions of emulative competition.
Undeclared Reform of Social and Labor Relations in the 1990s
Authors: Rakitskaya G.
Published: March 2019

The factors that have formed the present state of social and labor relations in Russia are analysed in the article. Basic directions of social and structural (revolutionary) transformations, which are required and possible during the transition from the totalitarian state to democracy, are described. It is shown that real changes in social and labor relations and in the position of workers in today's Russia have become consequences of social and structural reforms and there is a gap between them and objective opportunities of democratic transformations. Prospects of social and labor relations together with feasible scenarios of the development of the Russian society as a whole are characterized.
Informal Employment in Russia
Authors: Maslova I. , Baranenkova T.
Published: March 2019

Methodological approaches to the definition of the notion "informal employment" and assessment of its size are proposed in the article. The factors that stimulate the growth of informal labor activity in post-Soviet Russia are analysed. Economic and social consequences of informal employment are considered and government policy measures in that field are grounded.
On the Financial Mechanism of Long-wave Technological and Economic Changes
Authors: Sergienko Ya.
Published: March 2019

This article analyses basic problems in financing of long-term technological and economic development in a market economy. The author demonstrates that the entire theoretical basis for transition from one wave of technological and economic development to another is now absent. In many investigations long-wave innovations in a financial system are considered as a complimentary mechanism that indirectly influences the economy and adds to already realized technological and economic innovations. The article maintains that innovations in a financial system precede and determine wide commercial success of a new technological and economic paradigm. This conclusion is based on historical and statistical data. The diffusion of new technological and economic principles is accompanied by special institutional change dynamics. The main characteristic of this process is a consequent change of phases: creation and destruction of informal relationships among innovators and their integration into a dominating institutional framework as the next step.
Prudencial Supervision in the Process of Deposit Insurance
Authors: Abdullaev Sh.
Published: March 2019

The present state of the banking systems in the post-Soviet countries is characterized by a low level of liquidity and the situation in the economy does not allow to rely upon attracting resources of foreign investors in meaningful volumes. That is why the main sources of monetary funds are the savings of citizens. The creation of governmental deposit insurance systems could overcome the situation of steady mistrust of population in depositing their savings with commercial banks and help return these funds into economic turnover.
The Energy Potential of the Far East
Authors: Ishaev V.
Published: March 2019

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"Moor" Comes back? He Has not Come yet... (To the Discussion on the Importance of K. Marx's Scientific Heritage) (The Ending)
Authors: Grebnev L.
Published: March 2019

The questions of mutual relations of science, politics and religion are considered in the second part of the article. To the author's opinion religiousness is present in any act of economic decision-making as the science cannot answer the question "What for?". Nevertheless alternative calculus of probable effects of management should be based on scientific knowledge to a maximum degree. The author compares available alternative variants of globalization with "Prussian" and "American" ways of capitalism development in agriculture. The interest of liberals in marxism in modern Russia is connected with the search of means of ideological management of the citizens educated in the Soviet system.
Russia's Self-Identification and Creation of a New Regional Union
Authors: Evstigneeva L. , Evstigneev R.
Published: March 2019

Making its socioeconomic structure more complex is among the most important tasks on the agenda in Russia. This is a necessary prerequisite of creating a modern market economy. A tandem of big financial capital acting reciprocally with the state, and regional markets is the foundation of such an economy. The more definite in this respect Russia's self-identification will be the sooner it will become the center of attraction for other CIS countries. In order to response adequately to the challenges of globalization the CIS countries have to ensure that radical domestic reforms be accompanied with the speed-up mutual integration of their economies.
Fiscal Decentralization in Transition Economies
Authors: Chernyavsky A. , Vartapetov K.
Published: March 2019

By employing the methodology developed by the OECD the paper assesses the degree of revenue decentralization in Russia in comparison with other post-communist European countries. The paper provides theoretical arguments underpinning fiscal decentralization, analyzes the composition of subnational government revenues, the level of regional and local tax autonomy and types of intergovernmental fiscal transfers. The analysis presents the composition of revenues depending on the degree of subnational and local government control. In comparison with other transition countries fiscal decentralization in Russia is relatively low. It is concluded that Russia's public finance reform has not progressed towards providing greater fiscal autonomy for regional and local governments.
Economic Views of L. Trotsky
Authors: Voeikov M. , Dzarasov S.
Published: March 2019

The paper written in the light of 125th birth anniversary of L. Trotsky analyzes the life and ideas of one of the most prominent figures in the Russian history of the 20th century. He was one of the leaders of the Russian revolution in its Bolshevik period, worked with V. Lenin and played a significant role in the Civil War. Rejected by the party bureaucracy L. Trotsky led uncompromising struggle against Stalinism, defending his own understanding of the revolutionary ideals. The authors try to explain these events in historical perspective, avoiding biases of both Stalinism and anticommunism.
Economic Consequences of Ratification of the Kyoto Protocol by the Russian Federation
Authors: Illarionov A. , Pivovarova N.
Published: March 2019

Carbon dioxide emissions are the inevitable result of hydrocarbon consumption, that is the energy pillar of the modern civilization. These emissions are the function of economic activity and carbon intensity of GDP. With strict natural limits on speed of reduction in the carbon intensity of GDP restraining CO2 emissions means restraining energy consumption and economic activity. Ratification of the Kyoto Protocol by the Russian Federation means that for the first time in the Russian history legal binding limits are put on absolute size of the Russian economy.
Understanding the Soft Budget Constraint
Authors: Kornai J. , Maskin E. , Roland G.
Published: March 2019

The article deals with the phenomenon of the soft budget constraint (SBC). Though originally it was formulated to illuminate economic behavior in socialist economies, this concept is increasingly acknowledged to be pertinent well beyond their realm. The authors have two main objectives: conceptual clarification and survey of formal theoretical literature on SBC. In the first part of the article the accent is made on analyzing the essence of the SBC syndrome, means of its softening and corresponding expectations of organizations. Formal models of SBC in socialist and transition economies are also analyzed.
On Privatizing State Property
Authors: Anderson J.
Published: March 2019

The process of privatizing state-owned property assets such as agricultural or manufacturing enterprises is considered in the paper. An optimal timing model is employed to investigate the question of the best time to privatize a state-owned property asset. Beyond the optimal timing question, the author also analyses the simultaneous question of the optimal amount of new fixed investment that should accompany privatization. In both cases, comparative static analysis is employed to determine how fluctuations in net income streams before and after privatization and tax rates that apply to land and capital improvements affect the optimal timing and capital investment decisions. The results provide important insights for the design of privatization policies.
Discontinuous Institutional Alternatives in the Context of Economy Deregulation
Authors: Shastitko A.
Published: March 2019

Various ways of state participation in the mechanisms of transaction management are considered in the article. Differences between compensation and elimination of the market failures are identified. Opportunities and risks of non-regulatory alternatives usage as a mean of market failure compensation are described. Based on classification of goods correlated to relative cost of their useful characteristics evaluation (search, experience, merit) questions of institutional alternatives in three areas (political, financial and commodity) are examined.
Can the Theory of Economic History Be not Institutional? (On the Book by J. Hicks "A Theory of Economic History")
Authors: Latov Yu.
Published: March 2019

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Is Russia on the Way of Antisustainable Development?
Authors: Bobylev S.
Published: March 2019

Among tendencies of antisustainable development the author emphasizes: negative dynamics and values of macroeconomic indicators; growth of the nature intensity indicators; structural changes in the economy, that lead to the increase of the nature exploiting and polluting sectors' share. In the framework of the macroeconomic policy perspective ways of shitting to sustainable development of the country are considered: adequate accounting for the ecological factor in decision making, ecologically balanced restructuring of the economy, support to innovative development, restructuring of the tax system and other directions.
Tax Evasion and Rational Choice of the Taxpayer
Authors: Vishnevsky V. , Vetkin A.
Published: March 2019

The model of rational choice of the taxpayer who makes the decision about tax evasion is presented in the article. The influence on the decision about tax evasion of the following factors is analysed: average tax rate; the size of penalty sanctions; probability of revealing the fact of evasion; brokerages paid to mediators who assist to tax evasion; evasion transaction costs. It is grounded that lowering of tax rates produces no significant influence on reduction of evasion scale, and for this purpose it is necessary to raise operating costs for mediators and decrease the general level of corruption in the country.
Internal Labor Market in the System of Social and Labor Relations
Authors: Odegov Yu. , Rudenko G.
Published: March 2019

The expediency of using in scientific parlance and in practice of human resources management the category "internal labor market" is grounded in the article. The specifics of intra-firm labor market forming and functioning are described. The authors study the mechanism of external and internal labor markets interaction from the standpoint of providing their balanced development.
The Tenth Anniversary of the System of National Accounts in the CIS Countries (the Results and Problems)
Authors: Ivanov Yu.
Published: March 2019

The article summarizes major results of the work carried out in Russia and other CIS countries during the last ten years on introduction into regular statistical practice of the System of National Accounts, the concepts and definitions of which have been designed for description and analysis of the market economy. The progress achieved by the countries in this area makes it possible for the governments to use the SNA data for formulating economic policy. At the same time the article discusses the problems which require further efforts by the statistical services of the CIS countries; the solution of these problems is essential for enhancing reliability and analytical usefulness of the principle indicators of the SNA.
State Social Policy and the Strategy of Households Survival / Ed. by O. I. Skaratan.
Authors: Smirnov  S.
Published: March 2019

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Natural Rent as a Category of Market Economy
Authors: Buzdalov I.
Published: March 2019

In the article conceptual and practical questions of natural rent are examined. Special attention is paid to the principles and mechanism of its forming and distribution in a market economy. Land rent is analyzed in more details. Methodical approaches and means of government regulation of rent mechanism, provision of equal economic terms and stimuli of effective production to producers are offered.
Russia in 2000-2004: Heading towards State Capitalism?
Authors: Radygin A.
Published: March 2019

The paper deals with one of the characteristic trends of the 2000s, that is, the government's property expansion. It is accompanied by attempts to consolidate economic structures controlled by the state and state-owned stock packages and unitary enterprises under the aegis of holdings. Besides the government practices selective severe enforcement actions against a number of the largest private companies, strengthens its control over companies with mixed capital and establishes certain informal procedures of relationships between private business and the state. The author examines the YUKOS case and the business community's actual capacity to protect its interests. One can argue that in all likelihood the trend to the 'state capitalism' in its specific Russian variant has become clearer over 2003-2004.
Economic Theory of Control and Supervising Activity of the Government
Authors: Tambovtsev V.
Published: March 2019

The attempt to configure general contours of the economic theory of government control and supervising activity is undertaken in the article. Basing on the prerequisite of the benevolent state, the author considers its function of prevention of occurrence and compensation of undesirable (harmful) externalities caused by activities of economic agents. The author classifies types of externalities and offers corresponding mechanisms of their internalization.
Analyzing Industrial Surveys as an Instrument of Forecasting the Economic Situation
Authors: Popovskaya E. , Rozanova N. , Zhukova G.
Published: March 2019

The article presents a critical analysis of industrial surveys. The results of some top managers' surveys conducted in the key Russian industries are compared with the official statistics of Goscomstat RF. Both trustworthiness and usefulness of such surveys for economic analysis are subjected to reasonable doubt. A number of hypotheses is put forward to expain the situation.
Peculiarities of Development of Former Socialist Countries Banking Systems
Authors: Kovzanadze I.
Published: March 2019

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Economic Position of Rural Commodities Producers (Basing on the Results of the Sociological Survey)
Authors: Kozlov M.
Published: March 2019

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The List of Good Deeds (On the Book "Russia's Strategic Answer to New Century Challenges")
Authors: Kleiner G.
Published: March 2019

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Orlov A. V. The Hope: On Small Business in Russia. Instuctor's Manual
Authors: Arhipov A.
Published: March 2019

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Stock Market Efficiency: An Institutional Approach
Authors: Milchakova N.
Published: March 2019

In this study the institutional approach is used to analyze the issues of stock market efficiency. Until now corporate finance theory, primarily based on the neoclassical methodology, has viewed the issue of the stock market efficiency only as a problem of information function of stock market prices. In this study we present another view that the efficiency of stock market is the efficiency of market institutions functioning and especially of its regulative institutions. Such an approach seems to be up-to-date in the context of analysis of the emerging markets experience including the Russian case where the market and regulative institutions are still in the process of forming.
The Motives of Economic Behavior
Authors: Galochkin I.
Published: March 2019

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Tendencies of the World Aerospace Market
Authors: Baklanov A.
Published: March 2019

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Private Pension Funds' Problems
Authors: Khmyz O.
Published: March 2019

Private pension funds in Russia have been growing in number dramatically over the past few years. The increasing importance of private pension funds as holders of financial assets means that their impact on the functioning of financial markets is steadily growing. The article discusses the range of factors that can stimulate further development of the pension system reform — principles of private professional pensions' regulation as well as the structure and mechanisms of pension funds' management.
Institutions, Policies and Growth
Authors: Kolodko G.
Published: March 2019

Growth factors and the causes of disparities between the potential and actual growth rates are considered in the article. Issues pertaining to the interaction between the structure and functioning of market economy institutions as well as the policy followed within their framework with an accent on the experience of the transition economies are analyzed. The necessity of learning in the process of mastering new institutions is stressed. Special attention is paid to the analysis of gray sector in politics. Requirements to effective economic policy accounting for consequences for long-term production dynamics are formulated.
What Does Rent Give to Federal Budget (on the Russia's Budget Dependence upon "Oil Dollars")
Authors: Sharipova E. , Tcherkashin I.
Published: March 2019

Federal tax revenues from the main sectors of the Russian economy after the 1998 crisis are examined in the article. Authors present the structure of revenues from these sectors by main taxes for 1999-2003 and prospects for 2004. Emphasis is given to an increasing dependence of budget on revenues from oil and gas industries. The share of proceeds from these sectors has reached 1/3 of total federal revenues. To explain this fact world oil prices dynamics and changes in tax legislation in Russia are considered. Empirical results show strong dependence of budget revenues on oil prices. The analysis of changes in tax legislation in oil and gas industry shows that the government has managed to redistribute resource rent in favor of the state.
Problems in the Russian Economy Sectors' Development
Authors: Eryomina T. , Matyatina V. , Plushchevskaya Yu.
Published: March 2019

The article focuses on the development of major sectors of the Russian economy — non-financial corporations, households, general government sector — after the 1998 financial crisis. Serious problems in functioning of the non-financial enterprises sector limiting the economic growth potential are revealed. Disbalances in financial flows among major sectors of the Russian economy are pointed out. The analysis of the changing role of the general government sector in the economy in 1999-2003 is provided. The conclusion on the necessity of changing the state economic policies to promote economic development is drawn.
The Number of Vice-premiers as an Indicator of Russian Economy Conditions in the 1990s
Authors: Kochetkova O. , Nureev R.
Published: March 2019

Number of vice-premiers in a transitional country is an indicator of political weakness of the cabinet pointing out political and economic instability. So one can trace its connection with some economic data. Regression analysis has allowed to reveal significant correlation between the number of vice-premiers in the Russian government and the following socio-economic indicators: CPI (negative relation), money used by population to buy currency, strike participants number, unemployment, officially registered unemployed, officially registered unemployed on the dole (all — positive relation). The vice-premier growing number is connected positively with budget deficit growth that is another argument in favor of the thesis that such a number reflects government weakness.
Economic Theory: Historical Roots, the Present State and Prospects (On the International Symposium, June 2004)
Authors: Verenikin A. , Voloshin D.
Published: March 2019

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On the Role of Big Business in the Modern Russian Economy (A Comment on the World Bank Report)
Authors: Klepach A. , Yakovlev A.
Published: March 2019

The paper considers critically the methodology and main conclusions of the World Bank study on the concentration of ownership and control in the Russian economy. The authors discuss methodological problems of the study and stress its importance for understanding trends of economic development in Russia in the last years. At the same time the risks of market monopolization and "state capture" by the biggest private companies are overestimated in the World Bank report. Recent economic growth has been closely connected with the activity of leading financial-industrial groups. For successful economic development Russia — as a big country but a small economy — needs new large companies able to compete in the global market. For "growing" of such businesses the country requires institutions of development and new industrial policy taking into account successful experience of the middle-income countries like Chile, Israel, Mexico, Brazil, South Korea.
Competitive Strategies of Countries and Firms under Export Oriented Growth
Authors: Rey A.
Published: March 2019

This paper develops a framework for analysis of international competitive strategies at country and firm levels under export-oriented growth. The framework accounts for technical progress and competitors' reaction. It is argued that attracting foreign private investment is the least profitable strategy for Russia, while copying East Asian "catching-up" strategies is shown to be infeasible given the present state of science and technology. The conditions for implementation of the strategy of leadership in R&D-intensive industries are formulated.
On the Choice of the Strategy of Macroeconomic Policy
Authors: Sukharev O.
Published: March 2019

The author analyzes the processes of modern economic growth and stimulating macroeconomic policy proceeding from the generalization of institutional problems of economic systems transformation. The foundations of economic and monetary policy are studied. For that author suggests a new evolutionary viewpoint on interactions between innovators and conservatives.
Social-Psychological Models in Labor Motivation Analysis
Authors: Surkov A.
Published: March 2019

Benefits of using social-psychological approach in the analysis of labor motivations are considered in the article. Classification of employees as objects of economic analysis is offered: "the economic man", "the man of the organization", "the social man" and "the asocial man". Related models give the opportunity to predict behavior of the firm in different situations, such as shocks of various nature.
Results-Based Budgeting (New Tendencies)
Authors: Afanasiev Mst.
Published: March 2019

The focus of public sector budgeting in many countries has changed from input budgeting to results-based one which calculates how many services or products are being produced. Main definitions and elements of the new concept, its advantages and the history of development are presented. The problems of using performance budgeting in Russia and other countries and ways of their resolving are described.
Reform of the Budgetary Organizations in Science (Experience, Scope, Risks)
Authors: Dezhina I.
Published: March 2019

The article deals with the issue of reform of budgetary organizations in the science sector in Russia as an important prerequisite for creation of a market-oriented national innovation system. Quantitative characteristics of the network of budgetary organizations are analyzed as well as the directions of changes and specificity of government measures aimed at transformation of the budgetary sector. Scenarios of possible reforms are suggested and potential consequences and risks of delayed reforms are analyzed.
The Size of the State Sector of the Economy (Theoretical Approaches, Survey of Literature, Russian Experience)
Authors: Yanovsky K.
Published: March 2019

The articles by the experts of the Association of Studies of Public Economics analyze the situation with firms of the state sector of the Russian economy along three directions:

- qualitative analysis of Russian and foreign experience in governing the public sector of the economy;

- institutional and legal analysis of state unitary enterprises (SUEs);

- comparative statistical analysis of performance indicators of public and private firms in Russia.

On the basis of Russian and foreign experience authors study unsuccessful attempts to create effective forms of state entrepreneurship, argue the impossibility to make positive incentives for managers within the system of "bureaucratic entrepreneurship" and the necessity to limit state intervention into economic activity by a small number of public goods which cannot be provided by markets. Authors give a number of examples of various forms of inefficient governance and misuse of public property in modern Russia. Authors study the evolution of the legal form of SUEs which was created in the Soviet-type economy, perspectives of its existence in the modern Russian legislation. They prove the contradictory nature of SUEs and make conclusion about the inevitability of transformation of this sector of the Russian economy. The results of performance indicators comparison of private and public enterprises are contradictory. Federal SUEs show significantly better results than private firms in return on sales, liquidity and financial stability though return on labor and capital (labor productivity and return on assets) is lower in the SUEs. At the same time corporations with a majority block of shares in the hands of the federal government (which are similar to the SUEs in many aspects) are the worst performers among all types of firms with state participation. Authors attempt to explain these contradictions.
Inefficiency of State Property Management (The Case of Large Enterprises)
Authors: Zhavoronkov S.
Published: March 2019

The articles by the experts of the Association of Studies of Public Economics analyze the situation with firms of the state sector of the Russian economy along three directions:

- qualitative analysis of Russian and foreign experience in governing the public sector of the economy;

- institutional and legal analysis of state unitary enterprises (SUEs);

- comparative statistical analysis of performance indicators of public and private firms in Russia.

On the basis of Russian and foreign experience authors study unsuccessful attempts to create effective forms of state entrepreneurship, argue the impossibility to make positive incentives for managers within the system of "bureaucratic entrepreneurship" and the necessity to limit state intervention into economic activity by a small number of public goods which cannot be provided by markets. Authors give a number of examples of various forms of inefficient governance and misuse of public property in modern Russia. Authors study the evolution of the legal form of SUEs which was created in the Soviet-type economy, perspectives of its existence in the modern Russian legislation. They prove the contradictory nature of SUEs and make conclusion about the inevitability of transformation of this sector of the Russian economy. The results of performance indicators comparison of private and public enterprises are contradictory. Federal SUEs show significantly better results than private firms in return on sales, liquidity and financial stability though return on labor and capital (labor productivity and return on assets) is lower in the SUEs. At the same time corporations with a majority block of shares in the hands of the federal government (which are similar to the SUEs in many aspects) are the worst performers among all types of firms with state participation. Authors attempt to explain these contradictions.
"Moor" Comes back? He Has not Come yet... (To the Discussion on the Importance of K. Marx's Scientific Heritage)
Authors: Grebnev L.
Published: March 2019

The article continues the discussion on the urgency of Marx's ideas for modern Russia started in No 5 and 6 by the article of E. Gajdar and V. Mau "Marxism: between the Scientific Theory and "Secular Religion" (Liberal Apologia)" and continued in No 7 by the article of A. Buzgalin and A. Kolganov "Do We Need Liberal Marxism? " In the first part of the article questions of economic theory, first of all the difference in treatment of the category of production relations between Marx and domestic scientists are considered. The author pays attention to treatment of the category "direct producer": for Marx this one is the businessman making economic decisions and responsible for their success with his property. Besides it is underlined that Marx had not finished the work on the second and the third volumes of "Capital", and most likely the marginalist revolution could have played a leading role here. Inadequate translation of some of the terms in Russian (sometimes deliberate) can also be blamed for distortion of Marx's heritage. To the author's opinion initial installation is important in consideration of Marx's theory: the choice of political approach exaggerates revolutional ideas of his doctrine (at the end of his life Marx had rejected many ideas and called "Manifest" "party excrement of twenty years' prescription"). The scientific approach will allow the scientist for example to continue the analysis of submission of labor to capital, to investigate qualitative aspects of the labor theory of cost.
Management: Theory and Practice in Russia. A Textbook. Ed. by A. Porshnev, M. Razu, A. Tikhomirova
Authors: Vinslav Yu.
Published: March 2019

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Economic Policy in 2004: In Search of a Model of Growth Consolidation
Authors: Mau V.
Published: March 2019

In 1991, when Russia opened again, the world became a global world, where the regions organised by metropolises turned into global economic players. According to the newest research, a metropolis is an urban centre of not less than a million of inhabitants, concentrating upper service and control functions, disseminating prosperity to its hinterland and acting as "commutator" with the world economy. Empirical evidence shows that the existence of one or a few metropolises is the important condition of the wealth and competitiveness of countries. The paper investigates the question whether the overcentralised and non-metropolised post-Soviet economic space could become a mighty global economic player. The transformation of some Russian big cities besides Moscow into real metropolises is required in that respect.
Official Reserves of Russia: Volume, Structure, Management
Authors: Fetisov G.
Published: March 2019

Criteria of sufficiency of gold and foreign exchange reserves of Russia are considered in the article. Their minimum size by different criteria is equal to 25 bln. USD. So the Central Bank of Russia can trade part of these reserves for Russian Federation's debts to foreign countries. It is also possible to use gold and foreign exchange reserves to refinance commercial banks credits to exporters and implement modernization projects in the economy. This will decrease foreign borrowings of the private sector, improve structure and efficiency of using gold and foreign exchange reserves without damaging stability of the ruble.
Counterinnovative Environment of the Russian Economy
Authors: Valentey S.
Published: March 2019

The article investigates the perspectives of innovation economy development in Russia. The author comes to the conclusion that the Russian economy contains the system of institutional limitations, making it unreceptive to the innovational path of development. The solution of the problem is possible only within the general concept of "innovational spurt" of the economy. The article considers possible directions of innovation sphere financing, the participation of RF regions in innovation processes and the reform of innovation statistics.
Is Egor Gaidar a Marxist?! (on the Book by E. Gaidar “A Long Time”)
Authors: Shlyapentokh V.
Published: March 2019

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The History of One “Free Lunch”
Authors: Moiseev S.
Published: March 2019

This paper attempts to survey the history of inflation. The author finds that the definition and nature of inflation develop over time. Among other things, he reviews inflation during the period of classical gold standard, first examples of hyperinflation, and macroeconomic characteristics of inflation in XX century.
General Principles of Price Setting in Competitive and Monopolized Markets
Authors: Verenikin A.
Published: March 2019

The author uses microeconomic approach to compare optimal price, input and output quantity setting for a firm in a competitive industry and with market power. Revealed profit maximization principle is applied to draw a conclusion that production technology plays a fundamental role in cost determination for a monopoly and a competitive firm. Production technology is a key factor that promotes both centrifugal, contending and centripetal, integrative trends in a modern economy.
External Factors of Big Business Transformation in Russia
Authors: Pappe Ya. , Galukhina Ya.
Published: March 2019

The paper is devoted to the role of the global financial market in the development of Russian big business. It proves that terms and standards posed by this market as well as opportunities it offers determine major changes in Russian big business in the last three years. The article examines why Russian companies go abroad to attract capital and provides data, which indicate the scope of this phenomenon. It stresses the effects of Russian big business’s interaction with the world capital market, including the modification of the principal subject of Russian big business from integrated business groups to companies and the changes in companies’ behavior: they gradually move away from the so-called Russian specifics and adopt global standards.
Problems of Russia’ Innovation System
Authors: Semenova A.
Published: March 2019

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National Economy. A Text-book. Ed. by P. V. Savchenko
Authors: Plaksya V.
Published: March 2019

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Smirnov S. N., Sidorina T. Yu. Social Policy. A Text-book
Authors: Rimashevskaya N. , Degtyarev G.
Published: March 2019

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Antimonopoly Regulation as an Instrument of Gas Market Development
Authors: Grechishkina I.
Published: March 2019

The article focuses on the analysis of antimonopoly policy in gas markets as an important element of competition development in this industry. The author considers several problems for competition development in gas markets, such as discrimination in third parties’ access to essential facilities, underdeveloped trade including due to legislative restrictions, concerted actions by market participants and state authorities, which lead to competition restriction in gas supply. Antitrust remedies are analysed.
Afanasiev Mst. Essays on the History of Economic Thought
Authors: Oreshin V.
Published: March 2019

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Opportunities and Risks of Financial Integration
Authors: Ershov M. , Zubov V.
Published: March 2019

The article focuses on a number of problems, which become increasingly important as global integration takes root. What are the ways to strengthen the position of Russia and its business? Which spheres provide the most effective mutual penetration of internal and external factors, thus becoming "mediators" of global tendencies? What mechanisms should be used for the Russian economy to play an important systemic role in the world? Problems of banks’ competition and efficiency are addressed in detail.
Construction of the Forecasting Index for Stock Market
Authors: Rozhkov A.
Published: March 2019

There are various methods of forecasting different parameters of stock market. One group of these methods deals with forecasting trends of integral parameters such as stock market indexes. This article considers some well-known index methods of forecasting stock market trends. At the same time the article contains a computation for construction of the forecasting index, which helps to identify prolonged trends of RTS index. The principles and recommendations proposed in the article can be used for practical purposes.
From Market Studies to Society Analysis
Authors: Kouzminov Ya. , Bendoukidze K. , Yudkevich M.
Published: March 2019

The article examines the main concepts of modern institutional theory and the ways its tools and concepts could be applied in the real policy-making. In particular, the authors focus on behavioral assumptions of the theory that allow them to explain the imperfection of economic agents’ behavior as a reason for rules and institutions to emerge. Problems of institutional design are also discussed.
Minieconomic Institutions
Authors: Popov E.
Published: March 2019

In the article institutions at a minimal level of economic activity are classified. Building upon empirical results the author examines factors of evolution of related institutions and reveals connection between parameters of institutional regime, firms’ life cycle and the field of their economic activity.
Ivanov Yu. N., Kazarinova S. E., Karaseva L. A. The Grounds of National Accounting. A Text-book
Authors: Ryabushkin B.
Published: March 2019

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Gaughan P.A. Mergers, Acquisitions and Corporate Restructurings
Authors: Abramov R.
Published: March 2019

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Types of Natural Resource Rent in Russia (The “Round Table” of IIEPS RAS)
Authors: Popova L.
Published: March 2019

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Competitiveness and Innovativeness of Russian Industrial Enterprises (on the Results of a Large-scale Survey of Enterprises)
Authors: Gurkov I. , Avraamova E. , Tubalov V.
Published: March 2019

Based on the data from a large-scale survey of enterprises a typology of companies strategic positioning has been built and the factors that affect sustainability of the strategic position have been determined. We have found that the superior strategic position (measured as a positive relationship between quality and unit costs of a firm) is based on intensive innovations and active transformation of the business environment of the firm. However, companies of all selected strategic types viewed the government economic policy as the factor that impedes their own development. The suggestions for improving the government industrial policy are formulated.
Economics and Reforms of Russia’s Education
Authors: Tambovtsev V.
Published: March 2019

The directions of the change of economic mechanism of secondary education in Russia, some results of modern economics and the outcomes of school reforms in a number of foreign countries oriented at increasing competition among schools are considered in the paper. It is shown that expectations of better schooling quality due to economic mechanism change are to a large extent unsound: both theoretical arguments and international experience give evidence of serious risks that schooling quality will decrease as a result of competition among schools.
Money Supply: Theory and Organization
Authors: Burlachkov V.
Published: March 2019

The effect of money multiplier is determined by credit activities of the banking system and depends upon the value of the difference between average profitability in the economy and interest rate. The modification of payment systems may lead to decreasing central banks possibilities of money regulation. Seigniorage which is obtained by the banking system is a kind of economic rent. The effect of money multiplier reveals itself in the world credit market and influences exchange rate dynamics of reserve currencies. Using government securities as the main asset of central banks and as an instrument of open market operations leads to appreciation of interest rate and to decreasing of credit activities in the economy. A perspective instrument of money regulation is allocation of central banks deposits with commercial banks.
Is Private Capital Capable to Modernize Russia’s Economy?
Authors: Dzarasov S.
Published: March 2019

Liberalization and privatization of Russia's economy have led to formation of not civilized but peripheral capitalism called to serve the developed countries. That's the cause of one-sided raw material orientation of Russia's economy and also of massive outflow of capital. In connection with the absence of investment sources of economic growth the author doubts the official data of the Ministry of Economic Development and Trade of the RF. Generalizing historical experience of Russia's development in XX century, analyzing current situation through the prism of this experience he comes to the conclusion about the inability of present-day Russian private capital to modernize national economy.
Rumyantseva S. Yu. Long Waves in the Economy: Multifactor Analysis
Authors: Nizhegorodtsev R.
Published: March 2019

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National Economy. A Text-book. Ed. by acad. RANS V. A. Shulga
Authors: Hizhnyak A. , Parsadanov G. , Nevelev V.
Published: March 2019

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Tchernoi L. S. Globalization: Past or Future? Transformation of Market Economic Systems
Authors: Petrakov N.
Published: March 2019

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The EU Enlargement and the Prospects of Eastern Germany Lands
Authors: Tsedilin L.
Published: March 2019

From the point of view of the EU enlargement in 2004 the article considers selected aspects of Germany participation in international competition of economic environment. It summarizes the results of transformation of Eastern Germany economy and estimates the potential of this region in competition with the new EU members - CEE countries. The article concludes by making some corrections of existing assessments of market transformation in post-Soviet countries, including Russia.
The Place and Role of Cooperation in Civilizational Space
Authors: Egorov V.
Published: March 2019

The article reflects the most important issues of the theory of cooperation within the context of the civilizational paradigm of development. Stemming from understanding of the historically determined place of cooperative enterprises of producers, the article gives a new perspective of their genesis, branch specifics, formal organization, functional space, institutional quality. Advocates of absolutization of cooperative forms in the field of social production are criticized.
Problems of Measuring and Analyzing GDP in the CIS Countries
Authors: Ivanov Yu.
Published: March 2019

The article discusses the problems of GDP measurement in the CIS countries: measuring shadow and informal economy; treatment of inflation; impact of changes in the organization of economy on the size and rates of GDP growth. The issue of possible degree of accuracy of calculation of GDP is discussed. Some directions of the analysis of GDP data are presented as well as the links between GDP and other macroeconomic indicators.