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on Transition Economics |
| By: | Mikhailova, Tatiana (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Aksyuk, Svetlana (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The purpose of this research is to study the dynamics of import flows in Russia in 2013-2015, using the tools of regression models. The timeframe from 2013 to 2015 includes events destabilizing the dynamics of imports, in particular: the political crisis in Ukraine, trade sanctions introduced in 2014, the economic recession of the Russian economy. The authors evaluate the impact of these events and measures on the commodity, country and geographical structure of the import flows to the Russian Federation. The authors use data on imports of certain goods to the regions of Russia through border points for the period from 2013 to 2015 in order to evaluate a number of econometric models linking the intensity of the commodity flow from the counterparty country to the Russian region with the characteristics of the country, region, product. We also assess the model for the disaggregated flows of imported goods from foreign countries to the regions of the Russian Federation through border checkpoints in order to assess the impact of foreign trade shocks on the routing of cargo transportation. |
| Date: | 2018–04 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:041803&r=tra |
| By: | Shagaida, Natalia (Russian Presidential Academy of National Economy and Public Administration (RANEPA), Gaidar Institute for Economic Policy); Svetlov, Nikolai (Russian Presidential Academy of National Economy and Public Administration (RANEPA), Russian Academy of Sciences (RAS) - Central Economics and Mathematics Institute); Uzun, Vasily (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Loginova, Daria (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Prishchepov, Alexander V. (University of Copenhagen, Kazan Federal University, Institute of Steppe) |
| Abstract: | It is established that those unused agricultural lands that are owned by agricultural producers but are not currently used for economic reasons are a factor of the competitive advantage of Russia's agrarian economy and can be used under favorable economic conditions. The total volume of unused agricultural land involvement for crops is estimated at about 5% of their total area in the coming years and up to 13% by 2025. The method of assessing the potential is selected on the basis of studying the theoretical bases of land use and practical experience in foreign countries: the USA, the EU and China. With the help of the economic-mathematical model, It was identified a potential increase in production from partial involvement of abandoned lands. It was given the characteristics of institutional and economic constraints to the development of production and the involvement of abandoned land in Russia, taking into account regional specifics. |
| Date: | 2018–04 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:041805&r=tra |
| By: | Yuzhakov, Vladimir (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Dobrolyubova, Elena (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The work systematizes the requirements and criteria of best practice in the sphere of development of state policy and state regulation, enshrined in the recommendations and other documents of the OECD, and also analyzes examples of the implementation of these requirements and criteria in selected foreign countries. Based on the systematization of OECD requirements and criteria, a comparison of Russian law enforcement practices with OECD requirements was carried out. Based on the results of the comparative analysis, proposals on priority measures of improving the procedures for the development of state policy and state regulation in Russia have been developed. |
| Date: | 2018–04 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:041809&r=tra |
| By: | Kurakova, Natalia (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Zinov, Vladimir (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Tsvetkova, Liliya (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Kupriyanova, Olga (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The development of the international situation requires from Russia self-determination regarding the strategy of industrial development and the choice of technological directions that could become the locomotives of economic growth. The work is devoted to the substantiation of the choice of technology clusters that can become the basis for the new industrialization of the Russian Federation and will allow the country's economy to reproduce the life cycle of its assets in the global dimension (resources, markets, investments). |
| Date: | 2018–04 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:041810&r=tra |
| By: | Izryadnova, Olga (Russian Presidential Academy of National Economy and Public Administration (RANEPA), Gaidar Institute for Economic Policy) |
| Abstract: | Structural properties of the Russian economy determine the relevance of the study of the features of economic development and the possibilities of increasing the efficiency of using the potential of the regions to achieve sustainable growth. High inertia of the processes of spatial development led to a change in the ratings of the subjects of the Federation on competitiveness and investment attractiveness in the domestic market and increased the limitations of infrastructure, management and labor factors. The analysis of the development dynamics of the Federation subjects in the context of changing general economic conditions and regional development programs makes it possible to explain the territorial features, to assess the risks and benefits of the regions from decisions in the field of investment and social policy. |
| Date: | 2018–04 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:041816&r=tra |
| By: | Xiaodong Zhu |
| Abstract: | The rapid rise of shadow banking activities in China since 2009 has attracted a great deal of attention in both academia and policy circles. Most existing studies and commentary on China’s shadow banking have treated it as a recent phenomenon that appeared after the Global Financial Crisis and China’s response to it. In this paper, I argue that shadow banking is not a new phenomenon; it has always been a part of China’s financial system since the 1980s, and arose from the need to get around various lending restrictions imposed by the central government on banks. I also emphasize that there are two types of shadow banking activities, those initiated by banks and those initiated by local governments or state-owned enterprises. I provide evidence suggesting that the shadow banking activities initiated by banks tend to be efficiency enhancing, but those initiated by local governments and state-owned enterprises are more likely to be associated with misallocation of capital. The policy implication is that the central government should implement policies and regulations that break the link between financial institutions and local governments or state-owned enterprises. |
| Keywords: | China, Banking System, Shadow Banking, Capital Allocation |
| JEL: | G21 G23 G28 E44 O16 |
| Date: | 2018–05–17 |
| URL: | http://d.repec.org/n?u=RePEc:tor:tecipa:tecipa-605&r=tra |
| By: | Yuzhakov, Vladimir (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Dobrolyubova, Elena (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Pokida, Andrey (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Zybunovskaya, Natalia (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The paper presents the results of a sociological study on the effectiveness of the most massive types of state control (supervision) conducted by the Russian Academy of National Economy and Public Administration under the President of the Russian Federation in 2017 among representatives of private economic entities. The results of the survey make it possible to assess the impact of control and surveillance activities on the safety and quality of products, the safety of production processes and the level of administrative costs of business associated with state control (supervision). |
| Date: | 2018–04 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:041808&r=tra |
| By: | Firanchuk, Alexander (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The task of this work is to formulate theoretical hypotheses about the factors influencing the probability of re-export occurrence, the provision of descriptive statistics that may be indicative of the existence of such re-exports, and the construction of an econometric model for evaluating the proposed theoretical hypotheses. In addition, the analysis of trade statistics of Russia, the main changes and the most likely cases of illegal re-export of sanctions goods were carried out. To analyze the completeness of the implementation of the embargo, a comparison is made between the EU monthly data on exports and the data of the FCS of Russia on imports. The authors proposed a method for identifying countries involved in re-export activity and an algorithm for identifying specific commodity positions and periods when re-exports were likely. The idea of ??this method is to compare the physical (weight) volumes and prices of EU goods to a third country and the same goods (commodity groups) from that third country to Russia. It was shown that mainly re-exports pass through the territories of Belarus and the Balkan countries (Serbia, Macedonia, Bosnia and Herzegovina), which is consistent with the results using annual trade data, [1]. Also, the distribution of the value of the identified re-exports in time and the price increase, probably caused by it, are presented. Based on these data, the losses of importing firms are estimated as an increase in the price of re-export goods, which is due to the ban on direct supplies. |
| Date: | 2018–04 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:041802&r=tra |
| By: | Karel Janda |
| Abstract: | This paper analyses Slovak electricity market with a focus on photovoltaic energy. It evaluates the impact of the solar electricity penetration into electricity mix on spot prices, seeks evidence of the merit order effect in the Slovak electricity market and quantifies it based on hourly data. The multivariate regression analysis covers the period 2011-2016. The rather small merit order effect estimated by an OLS time series model leads to the small decrease of Slovak electricity wholesale prices. This spot price reduction attributable to the photovoltaics does not outweigh the costs of the support scheme borne by end users what implies a consumer loss. |
| Keywords: | Slovakia, Photovoltaics, Energy policy, Merit order effect |
| JEL: | Q42 H23 M21 |
| Date: | 2018–05 |
| URL: | http://d.repec.org/n?u=RePEc:een:camaaa:2018-22&r=tra |
| By: | Nikulin, Alexander (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Trotsuk, Irina (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Shagaida, Natalia (Russian Presidential Academy of National Economy and Public Administration (RANEPA), Gaidar Institute for Economic Policy); Shishkina, Ekaterina (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Uzun, Vasily (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The paper analyzes approaches to assessing food security, and also assesses its condition in 2014-2017 on the basis of the indicators provided for in the Food Security Doctrine, as well as the evaluation methodology developed at the Center for Agricultural Policy of the IAER RANEPA. It is made the conclusion about the need to refine both the list of indicators and methods of observation. Traditional statistical indicators are supplemented by indicators of economic access of the population to food in the average across Russia, in a cut of groups with different level of available resources, territories, and also parameters of telephone sociological interrogation of the population. In addition, the work provides an overview of expert interviews of agricultural producers from small businesses on additional opportunities that arose during the period of the food embargo. |
| Date: | 2018–04 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:041806&r=tra |
| By: | Gusev, Andrey (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The main idea of this article (Working Paper) is to determine the value growth factors for Russian innovative startups including the formation of added value and the construction of a model for assessing the value of an innovative company which can be used to make financial and investment decisions. |
| Keywords: | cost factors, economic growth, strategic management, value added, innovative company, real options |
| Date: | 2018–04 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:041811&r=tra |
| By: | Dana Benešová (University of Economics in Bratislava); Viera Kubičková (University of Economics in Bratislava); Anna Michálková (University of Economics in Bratislava); Monika Krošláková (University of Economics in Bratislava) |
| Abstract: | Gazelles create greater share of new jobs in comparison with other businesses operating on the market. These are young businesses of various sizes, but mainly small businesses. They generate a high rate of growth of production within a short time, which is based on the use of innovation, they are also the bearers of innovation. They are characterized by effective use of creativity and human resource capacities. They may be found in all sectors of economy, but to the greatest extent in the services sector and within that sector mainly in business services characterized by high knowledge intensity, high dynamics and continuous growth in employment. Gazelles of business services in the Slovak Republic intensively use all types of innovation. Management ability to optimize innovative processes according to needs of the enterprise seems to be of importance. Human resources and performance is considered to be the most important area of innovation influence. With its innovative activity they act as the accelerator of economy and changes in the thinking and culture of both enterprises, as well as the whole company toward sustainable growth. |
| Keywords: | sustainable growth,performances,knowledge-intensive services,innovation,gazelles,fast-growing companies,business services |
| Date: | 2018–03–30 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-01773577&r=tra |
| By: | Amstad, Marlene; Ye, Huan; Ma, Guonan |
| Abstract: | Inflation in emerging markets is often driven by large, persistent changes in food and energy prices. Core inflation measures that neglect or under-weight volatile CPI subcomponents such as food and energy risk excluding information helpful in assessing current and future inflation trends. This paper develops an underlying inflation gauge (UIG) for China, extracting the persistent part of the common component in a broad dataset of price and non-price variables. Our proposed UIG for China avoids the excess volatility reduction that plagues traditional Chinese core inflation measures. When forecasting headline CPI, the proposed UIG outperforms traditional core inflation measures over a variety of samples. |
| JEL: | C13 C33 E31 E37 G15 C43 |
| Date: | 2018–04–27 |
| URL: | http://d.repec.org/n?u=RePEc:bof:bofitp:2018_011&r=tra |
| By: | Belyakov, Sergei (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The development of medium-term forecasts of the economy and finance of the education system, conducted by the Center for Continuous Education Economics of the RANEPA in previous years, made it possible to determine a number of requirements for this work. In particular, the initial data for the development of forecasts should be data from official statistics, as well as reports on the implementation of the consolidated budget of the Russian Federation in terms of education expenditure. In addition, for the development of forecasts, some ratios of normative nature are necessary: funding standards, permissible ratios of the number of children attending pre-school educational institutions, the number of places in them, the ratio of the number of children and pedagogical workers, the established (certain) ratios between the number of students in organizations of general school) education and teachers in them and some others. The possibility of changing these ratios allows the development of various variants of forecasts, which creates an information basis for the adoption of appropriate managerial decisions. |
| Date: | 2018–04 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:041821&r=tra |
| By: | Iwasaki, Ichiro |
| Abstract: | In this article, I examine the oversea activities of Japanese researchers in the field of Russian and East European economic studies based on objective data and offer several suggestions for improving their presence in the international academic community. The presence of Japanese scholars of Russian and East European economies as measured by the number of relevant articles published in international journals is still marginal at best, despite their high participation rates in academic conferences abroad. This may partly be due to the fact that many Japanese researchers are not effectively utilizing available international resources. Furthermore, although many of the works produced by Japanese experts have important implications in the research field, only a handful of them are submitted to international journals. In this and many other respects, there is still much room for enhancing the international status of the Japanese study of Russian and East European economies. |
| Keywords: | Japanese Study of Russian and East European Economies, Methodological Change, World Congress of Comparative Economics, International Publications |
| JEL: | D22 P20 P30 P51 P21 P31 |
| Date: | 2018–04 |
| URL: | http://d.repec.org/n?u=RePEc:hit:rrcwps:74&r=tra |