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on Confederation of Independent States |
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Issue of 2016‒06‒25
eighteen papers chosen by |
| By: | Kazakova, Maria (Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration); Nesterova, Kristina (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | According to the official budget statistics, the threat of destabilization of the Russian budget in the foreseeable future is not visible. However, to fully assess fiscal sustainability is not enough to analyze only the current rates. In the next few decades, Russia is expected to increase in spending on pensions and health care due to demographic factors. In addition, it is expected that the share of revenues from the oil and gas sector in total budget revenue and as a percentage of GDP will be gradually reduced due to the low growth of oil production. In this paper we present a long-term (up to 2100) forecast of the main budget parameters (income and expenses) in Russia, as well as evaluation of the budget gap. It is shown that the threat to the stability of the budget in the long run does not come as much of the growth in social spending, but on the reduction of oil and gas revenues. In conclusion, the authors formulated conclusions of the study. |
| Keywords: | budget policy, forcasting, Russia, GDP, pensions |
| Date: | 2015–04–02 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:ppaper:2309&r=cis |
| By: | Deryugin, A.N. (Gaidar Institute for Economic Policy, Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Arlashkin. Igor Yurievich (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Proka, K.A. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The current Russian system of federal intergovernmental subsidies to regions is ineffective. The paper presents the results of a survey of the rules on providing 78 subsidies, as well as analysis of the budgetary execution of subsidies. In addition, a comparative analysis of priorities, co-financed through subsidies, has been carried out and cross-financed priorities have been identified. |
| Keywords: | federal intergovernmental subsidies, regions, effectiveness |
| Date: | 2016–03–23 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:2333&r=cis |
| By: | Chipurenko, Elena (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Lisovskaya, Irina (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Trapeznikova, Natalia (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The object of study in this work are methods of assessing the elements of financial statements of entities in Russia during the transition to the application of international accounting standards and the concept of fair value. |
| Keywords: | financial statements, concept of fair value |
| Date: | 2016–04–25 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:2544&r=cis |
| By: | Idrisov, Georgiy (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Taganov, B.V. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | In this paper, we examine the impact of the positive terms of trade shock (rise in price of oil relative to other traded goods) on inequalities in wages at the regional level. The results show the benefit of that in the medium-term improvement in the conditions of Russia's trade increased inter-regional inequality in wages by increasing wages in all quintiles of the wage distribution (ie in all of the observed income groups) are more integrated into the world economy in the Federation. We have also shown that, although the terms of trade increased inter-regional inequality individual's wage, a decrease in premiums for the skill that matches the predictions of Heckscher-Ohlin and Stolper-Samuelson theorem. |
| Keywords: | trade shock, opennes of economy, Russia, income inequalty |
| Date: | 2016–03–31 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:3136&r=cis |
| By: | Igor Fedyukin (National Research University Higher School of Economics) |
| Abstract: | This article explores the policies pursued by the key "German" ministers of Empress Anna Ioannovna (r. 1730-1740). This period has been traditionally presented as a "reign of Germans" who allegedly acted in ways that were oppressive, ill-conceived, and detrimental for Russia's true interests. Recent scholarship successfully debunked the notions that the "Germans" acted as a cohesive political faction and demonstrated that their policies were largely sensible and successful. Did the "foreignness" of these German-born ministers matter, however? As this article argues, many of these policies could actually be linked to the influences of the Halle Pietism and represented an important "disciplinary moment" in early modern Russian history |
| Keywords: | Empress Anna, "German Party", von Buhren, von Munnich, Pietism, governamentality |
| JEL: | Z |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:hig:wpaper:132/hum/2016&r=cis |
| By: | Kuznetsova, A.E. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Flegontova, Tatiana (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Ptashkina, M.G. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Stapran, Natalia (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | With a view to prepare the Comprehensive action plan of Russia’s participation in APEC in 2016-2018, this paper presents proposals on the future Russian contibution to APEC agenda and ways to increase efficiency of current Russian initiatives. It also analizes projects and initiatives, developed by other APEC member economies and highlights the most promising areas of cooperation as well as formats to better promote Russian interests in Asia-Pacific. Finally, the paper contains a list of recommendations which include internal measures, possible projects and initiatives to integrate the key goals and priorities of Russia’s economy into APEC’s agenda. |
| Keywords: | Russia, APEC |
| Date: | 2016–04–25 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:2541&r=cis |
| By: | Deryugin, A.N. (Gaidar Institute for Economic Policy, Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Arlashkin. Igor Yurievich (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Proka, K.A. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The review contains the analysis of Russia’s fiscal equalization system. The authors identified the system’s major shortcomings and provided arguments in favor of taking measures for its improvement in order to increase the system’s effectiveness, efficiency and objectiveness. Based on the analysis of the world best practice in the sphere of fiscal equalization as well as by using econometric modeling the authors developed recommendations on calculating budget expenditures index and improving policy in the field of determining the total amount of equalization transfers. |
| Keywords: | fiscal equalization, equalization transfers, distribution |
| Date: | 2016–03–23 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:2332&r=cis |
| By: | Gromov, Vladimir (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Malinina, Tatiana (Russian Presidential Academy of National Economy and Public Administration (RANEPA); Gaidar Institute for Economic Policy) |
| Abstract: | The paper concerns the international and Russian practice of taxation of income from trusts. The proposals on the change of approach for taxation of such income according to the applicable law are formulated. |
| Keywords: | taxation of income, trusts |
| Date: | 2016–03–31 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:3131&r=cis |
| By: | Volovik, Nadezhda (Gaidar Institute for Economic Policy, Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | At the present time in Russia created 30 SEZ. In addition, in accordance with special federal laws functioning special economic zone in the Kaliningrad region in Magadan region, in the Crimea, the possibility of the use of the customs procedure of free customs zone in the areas of advanced development. Preparing a bill on the introduction of free warehouses, the creation of regional special economic zones. This diversity of organizational forms enables us to provide state support for a wide range of economic subjects. However, when assessing the effectiveness of the SEZ on the specific types of functioning of the Accounts Chamber in late 2013 it noted that conventionally can be regarded as effective only to the activities of SEZ and technology development. Tools specific government support measures within the individual areas are gaining popularity. At the same time, under the conditions of the Eurasian Economic Union regulation of SEZ creation, management, use of certain types of state support is governed by Union law. |
| Keywords: | Russia, Eurasian Economic Union, special economic zones |
| Date: | 2016–04–25 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:2546&r=cis |
| By: | Korytin, A.V. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Shatalova, Svetlana Sergeevna (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The report presents the results of the search and analysis of the methods of the resident property tax development as well as the recommendations on the practical implementation of the property tax world experience in Russia. This work profoundly research the international experience in the property tax domain and analyze possible consequences of its adaptation based on the wide range of national datasets. |
| Keywords: | property tax development, Russia |
| Date: | 2016–03–23 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:2331&r=cis |
| By: | Kushlin, Valery Ivanovich (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Ustenko, V.S. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | This paper analyzes the modern foreign practice to enhance research and innovation activities and to assess their applicability in the Russian context. Shown objectivity rise in the leading countries of the world work on the preparation of the new cycle of scientific and technological developments, despite the high uncertainty of the economic environment, and therefore the revealed changes in the forms of scientific innovation and industrial policy. Special attention is paid to the study of new approaches to the formation of innovative development of human potential in the United States, Germany, Britain, China and other countries. It is shown that in connection with the re-industrialization of the economy and trends roll on innovative modernization of the real production of special importance in the field of education and retraining (by, inter alia, the dual education) assumes the formation of the trainees and the natural sciences, especially, applied engineering and management skills. |
| Keywords: | innovations, science, modern conditions |
| Date: | 2016–03–28 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:2832&r=cis |
| By: | Morgunova, O.V. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Turuntseva, Marina (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | Seasonal adjustment of Socio-economic indicators is a standard tool that allows to eliminate the time-series of seasonal fluctuations and, thus, to solve (at least partially) the problem of modeling the seasonality, as in the one-dimensional models, as well as in structural macroeconomic models. The task of seasonal adjustment in many countries is a prerogative of the official statistical services: they spend the seasonal adjustment using the same methodology and publish the relevant data (and sometimes their only). Unfortunately, at the moment Rosstat does not publish seasonally adjusted figures (except a few). As a result of the empirical studies authors have to seasonally smooth the time series by themselves, using the built-in modern software packages procedure. |
| Keywords: | socio-economic indicators, seasonal adjustment |
| Date: | 2016–03–21 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:2131&r=cis |
| By: | Mamuta, Mikhail (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Sorokina, O.S. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | This paper deals with determination of the existing approaches to the regulation and supervision of credit cooperatives in the world, in particular, the components of effective regulation of credit cooperatives and the main recommendations on the application of proportionate risk-based model to regulation and supervision of non-bank financial institutions. |
| Keywords: | financial inclusion, microfinance, credit cooperation, non-banking lenders, regulation, supervision, prudential regulation |
| Date: | 2016–05–04 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:451&r=cis |
| By: | Aganbegyan, Abel (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Kleeva, Lyudmila (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Krotova, Nadezhda (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Pechurina, A.A. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | This paper presents a new outlook Vital to 2030 taking into account the new emerging trends in fertility and mortality. Carried out: analysis of population depopulation in the period 1992-2005. with the conclusions of the negative nature of the decline in fertility and increase mortality, in order to avoid this situation in future; evaluation of "Health" national program in the 2006-2013 biennium, providing overcoming of depopulation, with the conclusions and suggestions for further demographic policy.; study the negative trend began fertility decline due to the decline in the number of women of childbearing age. Identification based on the experience of France and other developed countries to mitigate the negative trend began fertility decline due to the decline in the number of women of childbearing age by increasing the total fertility rate has allowed to determine the possibility of a more intense reduction in the working age population mortality, especially infant mortality and mortality rates, where our rates in 2.5-3,5 times higher than in Western Europe. There was also held a recreational complex analysis of Russia. |
| Keywords: | depopulation, Russia, fertility, mortality |
| Date: | 2016–04–20 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:2048&r=cis |
| By: | Kiyutsevskaya, Anna (Gaidar Institute for Economic Policy, Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Narkevich, Sergei (Gaidar Institute for Economic Policy); Trunin, Pavel (Gaidar Institute for Economic Policy, Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | Study of transformation of the role and tasks of central banks at different stages of economic development allows us to determine the objective conditions underlying the evolution of monetary policy. For developed economies, the opportunity to conduct independent monetary policy becomes one of the major factors that determine the choice of the monetary regime. In addition, according to the international experience, the choice of goals and objectives of central banks both at present time and in the historical perspective is greatly affected by the degree of financial openness of the country and the development of its financial sector. While countries become more integrated in the world economy, their central banks shifted priorities, firstly, to achieve and maintain price stability, and, secondly, to increase the flexibility of exchange rate formation. The findings on the evolution of the goals and objectives of the central banks of developed and developing countries reveal the most suitable monetary policy regime for the Russian central bank. |
| Keywords: | central banks, monetary policy |
| Date: | 2016–03–21 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:2136&r=cis |
| By: | Kazenin, Konstantin Igorevich (Russian Presidential Academy of National Economy and Public Administration (RANEPA), Gaidar Institute for Economic Policy) |
| Abstract: | The preprint reviews the phenomenon of institutional competition regulators in solving commercial disputes in the two cities of Dagestan - Makhachkala and Khasavyurt. On the basis of field research data shows that some types of business conflicts in these cities are solved with the use of such controls as Islamic law and traditional ("conventional") right. The reasons for this phenomenon and propose recommendations for policy authorities against him. |
| Keywords: | institutional competition regulators, Dagestan, Makhachkala, Khasavyurt |
| Date: | 2016–05–04 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:456&r=cis |
| By: | Sokolovska, Olena; Sokolovskyi, Dmytro |
| Abstract: | The article deals with problem of optimization of government behavior in trade policy decision-making in small open developing economy. Based on conceptual model of government behavior we define main elements of effective trade policy. We found both their conformity to certain economic framework and conditions of their changes with each other. The analysis of advantages and disadvantages of government patterns of trade behavior showed that in order to regulate the small open developing economy its government should provide policy, based on applying of tax instruments, notably, tariffs; non-tariff measures in such conditions are as auxiliary tools. Systemic non-tariff restrictions could be regarded as an effective tool for developed innovative economies. The originality of the paper consists in developing of model of efficient government behavior in trade policy decision-making depending on the framework of national economy; also both conditions of untimely changes of government behavior patterns and ineffective frameworks appeared as consequence of these changes, were defined. We provide an econometric analysis in order to determine whether commodity exports are sensitive to reduction or elimination of tariffs (as in the case of Ukrainian exports and EU import duties). This analysis showed that now in Ukrainian economy there are commodities which are both sensitive and resistant to tariff changes. |
| Keywords: | government behavior, trade policy, tariffs, econometric analysis |
| JEL: | C50 F13 H20 H30 |
| Date: | 2016–06–13 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:71983&r=cis |
| By: | Barakatou Atte-Oudeyi; Bruno Kestemont; Jean Luc De Meulemeester |
| Abstract: | In this article, we investigate the relationship between economic growth and CO2 emissions per capita due to road transport in order to test the validity of the Environmental Kuznets Curve (EKC) hypothesis. We test an EKC model on a sample of six emerging countries (Brazil, Russia, India, Indonesia, China and South Africa so-called BRIICS) using yearly data from 2000 to 2010. Empirical results reveal an inverted U-shaped EKC curve relating CO2 emissions per capita due to road transport to the level of economic development (level of GDP percapita). In all models tested, the turning point exceeds the current GDP per capita of the richest country of the group, which means that it would happen virtually in a far future or after a strong growth episode. Results show that the turning point of this EKC for road transport depends on population density and the integration of government effectiveness into the BRIICS’s economic development policy. However, when Russia is omitted from the group, the EKC hypothesis does not hold anymore and CO2 emissions per capita are uniformly increasing with per capita GDP. The main policy implication from our results is that policy makers should not base their policy on the EKC hypothesis: increasing the per capita GDP level alone cannot reduce CO2 emissions per capita from road transport and without a significant change in policy, economic growth will exacerbate CO2 emissions. |
| Keywords: | BRIICS; Road Transport; Economic Growth; CO2 Emissions; Environmental Kuznets Curve; Panel Data; Pooled OLS Regression Model; Fixed- Effects and Random-Effects Regression Models |
| JEL: | Q53 Q56 Q58 R42 |
| Date: | 2016–06–01 |
| URL: | http://d.repec.org/n?u=RePEc:sol:wpaper:2013/230810&r=cis |