DSpace Собрание:http://hdl.handle.net/11701/92542024-03-28T23:34:25Z2024-03-28T23:34:25ZPolitical economy of Vladimir Putin: A view from ChinaRyazanov, Victor T.http://hdl.handle.net/11701/153712019-05-15T10:29:10Z2018-12-01T00:00:00ZНазвание: Political economy of Vladimir Putin: A view from China
Авторы: Ryazanov, Victor T.
Краткий осмотр (реферат): This article is written as a response to the book by Chinese economists Guan Xueling and Zhang Man, devoted to the analysis of Russian economy and politics. It is distinguished by a thorough understanding of the Russian problems. The peculiarity of the book is that the policy pursued in our country, and it is defined as the political economy of Vladimir Putin, is, in its main content, referred to a realistic trend in economic science. From this “ideology of realism” point of view, the main characteristics in the reform of modern Russian society’s reform have been considered. In the book they are presented as follows: a) the formation of an etatism policy with an emphasis on the centralization of the power resource; b) a bet on mixed forms of ownership and the use of selective protectionism with clearly defined goals; c) anti-Westernism and neoconservatism in ideology, reliance on patriotism and revival of national traditions. The authors paid much attention to the problem of using the raw material potential in the country’s economy, which is considered in the context of creating a Russian version of resource nationalism. They justly prove that, from the point of view of realistic political economy, abundant resources “is wealth given to the state by forces from above, they cannot be a curse”. The interpretation of the problem of Russia’s geopolitical choice through a comparison of the two alternatives: “neo-Eurasianism” and “Euro-Atlanticism” is also of interest. It is clear that the Chinese authors have their own powerful arguments in favor of the eastern strategy for Russia. Of course, the book could not reflect the whole range of problems of Russia’s development, it also has arguable issues, but this does not detract from its merits. It makes an appreciable contribution to the study of the problems of Russia by foreign authors.2018-12-01T00:00:00Z“Italian or Empirical Accounting…” by Ivan Akhmatov: Analysis and history of its creationSokolov, Viatcheslav Y.http://hdl.handle.net/11701/153702019-05-15T10:29:37Z2018-12-01T00:00:00ZНазвание: “Italian or Empirical Accounting…” by Ivan Akhmatov: Analysis and history of its creation
Авторы: Sokolov, Viatcheslav Y.
Краткий осмотр (реферат): This article represents the first biography of Ivan Akhmatov (1766–1829), an analysis of his works on Accounting and History. Until now all the Russians encyclopaedias stated that Akhmatov the professor and author of the accounting book, and Akhmatov the historian were different persons with the same surname. However, the results of archive research show that it was one person. This article also contains a detailed review of Akhmatov’s book, Italian of Empirical Accounting. Its sources were studied in detail. In particular, it was proven that Akhmatov did not copy de la Porte’s La science des négocians et teneurs de livres in full, but added some corrections and amendments to it based on the first publication of Pierre Bouchet’s book in 1800, and not on the second one as it was stated by Russian bibliographies. Moreover, Akhmatov included in his book other Russian sources as well as his own thoughts. This article contains a description of the book’s structure, content and its main ideas. It proves that Akhmatov was the first one, in Russian accounting literature, to call Luca Pacioli, the founder of the science of accounting. It examines Akhmatov’s proposals regarding the classifications of accounts and bookkeeping rules. It also considers Akhmatov’s own proposal to use a double-entry system in government institutions. Finally, it discusses the opinions of Russian historians of accounting in Russia on Akhmatov. This article describes the creation by Akhmatov of the first historical atlas of Russia. This atlas was reissued many times. It also analyses the atlas’ funding sources. It presents Akhmatov’s biography : studies, works, life in retirement. Finally, it establishes that Ivan Akhmatov was the first person in Russia to be appointed as professor of accounting at the university.2018-12-01T00:00:00ZOn the methods of price fluctuations analysis in the art marketKolycheva, Valeria A.http://hdl.handle.net/11701/153692019-05-15T10:30:00Z2018-12-01T00:00:00ZНазвание: On the methods of price fluctuations analysis in the art market
Авторы: Kolycheva, Valeria A.
Краткий осмотр (реферат): The present article is devoted to the price fluctuations analysis of the one of the most (if not the most) difficulty describing modern markets, namely, the art market. This would be done on the example of the trading with artworks of three specially selected masters — Camille Pissarro, Paul Cezanne and Rene Magritte. Thus, this survey, first, has a monographic character in relation to the markets of the required artists, identifying (1) the variation features in the sales of their works; (2) the factors affecting average prices and turnover of the monuments of the masters; (3) the regularities of changes over time of the consumer demand for the creative heritage of Pissarro, Cezanne and Magritte. Secondly, proceeding from the logic connection within one operation of the monographic data about absolutely different (for the period of life, belonging to the stylistic direction, painting technique etc.) authors, the comparative analysis of the processes typical for a phenomenon of purchase and sale of their works is carried out. For this purpose, receptions and methods of variation, correlation, factorial and dynamic analyses are used. The study concludes with an attempt to forecast the expected trends in the three masters markets, which, in turn, cannot fail to affect the whole set of trade operations with art, otherwise, the art market in general. As a result, the presented work has in parallel scientific, theoretical and purely applied results. Some fill the treasury of a new branch of the statistical disciplines, which designation is logically forms into the term “art statistics”, introduced into scientific circulation by this article; others can be applied by collectors and investors for making business decisions.2018-12-01T00:00:00ZAnalyzing dynamics and forecasting real effective exchange rates for BRICS countries (1994–2016)Shavshukov, Viacheslav M.Vorontsovsky, Alexey V.Vyunenko, Lyudmila F.http://hdl.handle.net/11701/153682019-05-15T10:30:23Z2018-12-01T00:00:00ZНазвание: Analyzing dynamics and forecasting real effective exchange rates for BRICS countries (1994–2016)
Авторы: Shavshukov, Viacheslav M.; Vorontsovsky, Alexey V.; Vyunenko, Lyudmila F.
Краткий осмотр (реферат): This article analyses the behavior of real effective exchange rates of BRICS countries and Eurocurrencies (USD & GBP). The obtained data reveals regularities in the behavior of BRICS currencies during the period of 1994–2016 and confirms that rates in the export-focused economy depend on the structure of the international market of real and financial assets. It also demonstrates high currency volatility (on average 50 % in the group) in the zone reaching the level of BIS real effective exchange rate (REER) = 100 (CPI-base 2010). The fundamental analysis shows that in the long-term (1994–2017), BRICS currencies demonstrate stable growth and the fixed rate regime (as Yuan) proved to be the most efficient in the formation of the national segment of global economy. Downward trends in Forex reflect debut difficulties BRICS economies and finances experienced in the process of integration into the global financial and economic environment. High turbulence and volatility of the REER in the range of 60–130 % was the result of the global crisis of 2008–2009 and oil shocks in 2014–2015. The REER below 100 % reflects low corporate and global competitiveness of BRICS economies and weaknesses in public and corporate finance, not the stability of currencies. This research provides a long-term forecast for the strengthening of currencies, as a result of growing efficiency of national economies and the creation of BRICS financial infrastructure (New Development Bank [capital $100 bln] and Pool Contingent Reserve Arrangement [startup capital $100 bln]), as well as an increase in the share of national currencies in mutual payments. The possibility for constructing a short-term forecast, based on the polynomial residues model and statistical modeling, is demonstrated in the case of BRICS currencies. The results of the short-term BIS REER forecast can also be used for forecasting the behavior of currencies, hedging by participants of foreign trade transactions, and currency policy of central banks.2018-12-01T00:00:00ZEmployment adjustment in Russia: Extensive vs itensive margins in 1995–2016Veredyuk, Olesya V.http://hdl.handle.net/11701/153672019-05-15T10:30:56Z2018-12-01T00:00:00ZНазвание: Employment adjustment in Russia: Extensive vs itensive margins in 1995–2016
Авторы: Veredyuk, Olesya V.
Краткий осмотр (реферат): In this paper I study the adjustment of employment in Russia since its transformation to a market economy. Employment is considered in terms of total hours of work in the economy. This allows to decompose the adjustment into two components: extensive margin (the number of people employed) and intensive margin (the number of hours per employed worker). The task is to estimate the contribution of both margins of employment adjustment. The Rosstat and the OECD aggregate annual data of 1995–2016 are used. The results of the decomposition show that fluctuations on extensive margin are a lot more important for cyclical fluctuations in the total hours of work. A slight decrease of extensive margin in 2010–2016 is mainly attributed to the decline in volatility of the number of people employed which took place during a protracted period of slowing economic growth. Since the early 2000s, the labour market is more responsive to negative shocks rather than positive ones. To see peculiarities of employment adjustment in Russia I perform comparative analysis with the relevant statistics for Germany and the US. Number of employees seems to be the most relevant proxy of the behavior of labour inputs in the Russian economy. The results obtained are new to research area of the Russian labour market.2018-12-01T00:00:00ZMeasuring inflation expectations: Traditional and innovative approachesBalatsky, Evgeniy V.Yurevich, Maksim A.http://hdl.handle.net/11701/153662019-05-15T10:31:15Z2018-12-01T00:00:00ZНазвание: Measuring inflation expectations: Traditional and innovative approaches
Авторы: Balatsky, Evgeniy V.; Yurevich, Maksim A.
Краткий осмотр (реферат): The article is focused on the four methods of measuring and assessing inflation expectations: sociological surveys; stock market indicators; econometric (mathematical) models; methods of big data research. It is noted that the coexistence of these four groups is a consequence of two trends of the last decades: the presence of two lines of economic tools development associated with the improvement of traditional methods and the creation of completely new analytical approaches for processing big data. The transformation of the economy into engineering (technical) science with its inherent problem of instrumental pluralism. Within the framework of sociological surveys, three groups of respondents were considered — population, entrepreneurs and financiers-experts. Market indices of inflation expectations contain a kind of regulatory conflict, the essence of which is that the monetary failures of one Agency (Central Bank) are covered by another Agency (Ministry of Finance) and thus generate unaccounted endogenous shocks. We consider econometric models that include three types-the concept of “back-looking” and “forward-looking” inflation expectations, as well as the concept of the Phillips curve. It is proved that econometric models are characterized by extremely low susceptibility of “black swans” and primitive representation of the mechanism of inflationary expectations formation, which makes this approach the least promising. Among the newest methods of measuring inflation expectations considered big data-technologies that use operational data of the Internet environment and social networks. It is concluded that this class of methods is the most promising and in the future is able in its importance and popularity to come to the first place. The authors substantiate the thesis about the impending reshuffle of the popularity of the four types of inflation expectations estimation methods.2018-12-01T00:00:00ZThe motivation index of entrepreneurial activity and institutional environmentVerkhovskaya, Olga R.Aleksandrova, Ekaterina A.http://hdl.handle.net/11701/153652019-05-15T10:31:34Z2018-12-01T00:00:00ZНазвание: The motivation index of entrepreneurial activity and institutional environment
Авторы: Verkhovskaya, Olga R.; Aleksandrova, Ekaterina A.
Краткий осмотр (реферат): The article investigates the institutional factors that affect the motivation index wich is measured as the proportion between the share of Improvement-Driven entrepreneurs and necessity-driven entrepreneurs. The difference between entrepreneurs with necessity and opportunity motivation figures the difference in entrepreneurial behavior. Those of them who consider an income increase and anindependence desire as the motives of their activities (Improvement-Driven Entrepreneurs) are ready for large investments in business creation, for the production of new products and for the usage of new technologies, providing a greater contribution to economic development. We test few hypotheses using data of Global Entrepreneurship Monitor Survey for the period 2007–2016. The results confirm the existence of positive relationship between the level of economic development and the motivation index, an increase in the share of Improvement-Driven entrepreneurs is typical for developed countries. Despite the necessity to develop all types of entrepreneurship, which are widely discussed in policy and programs for small and medium businesses, the promotion of Improvement-Driven Entrepreneurship entrepreneurs can contribute to GDP growth by creating new, including innovative, products and technologies, as well as increasing the scale of business. We found confirmation of the hypothesis that the protection of property rights, the regulation of corruption and the quality of education have a positive effect on the motivation index. The confidence that income and property are protected increases the likelihood of opting for voluntary entrepreneurship. Protection of rights affects not so much the general level of entrepreneurial activity, but rather the change in its “quality”. The perception of society as corrupt also reduces the level of forced entrepreneurship, but restricting corruption more strongly stimulates highly competitive entrepreneurs than forced ones.2018-12-01T00:00:00ZDepreciating evidence in administrative adjudication: Rules on the sequence to present evidencesAvdasheva, Svetlana B.Shastitko, Andrey E.http://hdl.handle.net/11701/153642019-05-15T10:31:52Z2018-12-01T00:00:00ZНазвание: Depreciating evidence in administrative adjudication: Rules on the sequence to present evidences
Авторы: Avdasheva, Svetlana B.; Shastitko, Andrey E.
Краткий осмотр (реферат): The late choice of the type of alleged infringement in administrative investigations, when company (alleged infringer) presents evidence first and then responsible agency decides on the content of infringement on the basis of evidence produced by company has significant incentive effect. This rule demotivates alleged infringers to present evidence under the procedure of administrative inspection in time and as complete as possible. In addition, incentives to provide evidence are limited if the agency has the opportunity to select among different types of alleged infringement and to use evidence presented by company in its favor as evidence of a certain type of alleged infringement. Time sequencing of decisions when the choice of the type of infringement is made just after agency collects evidence from company inevitably results in decisionsof infringement, which company then appeals in the court. The experience of Russian antitrust investigations — with two indicative illustrations (Novolipetsky metallurgical plant case and the case with largest Russian retailers specialized in computers and home electronics) shows the importance for the company of being suspected in certain infringement to decide on the amount of evidence. Incentives to provide evidence are studied through the lens of all-pay auction framework to explaining the effects of procedural rules in administrative enforcement that is inquisitorial in nature, in contrast to adversarial ones. It is shown that prosecutorial bias or asymmetric burden of proof is not necessary to suppress the incentives of the target of investigation to produce evidence.2018-12-01T00:00:00Z