ABSTRACTS
The
article is prepared on the base of a report at the General assembly of Public
sciences department, RAS (26.03.2014). It is suggested to develop more actively
available, but still untapped potential of Russian large cities – with million
citizens, urban centers and other large cities by creating on their base
agglomerations which are able to become innovation centers of regional
development and interregional connecting. The institute of program-project
development, tested on the examples of Yekaterinburg, 13-million citizens and
some smaller cities becomes the second direction of involving latent and still
underused potential of large and smaller cities of the Russian Federation.
Strategic plans of socio-economic development of agglomerations are used as
organization “clamp” between forming agglomeration and program-project
development. The author used the methods of quality and effectiveness estimates
of urban strategies of socio-economic development. The role of urban societies
in the development, realization and assessment of strategic plans is showed in
this article.
Keywords: potential
of cities, agglomeration, urban strategic plan, program-project development of
cities, regions, municipalities, quality, effectiveness, assessment of
Strategy, role of urban societies.
Perminov S.B. Global Trends and the Vulnerability of the Russian Economy: Problems
and Methods of Analysis. //
Economics of contemporary Russia 2014. ¹2 (65) Ñ.25-33.
The
paper represents an analysis of how global market fluctuations impact on the
Russian stock market. The main attention is paid to a collective behavior of
portfolio investors after the crisis of 2008 in comparison with the other BRIC
countries. An understanding of this mechanism is important for enhancement of
the investment attractiveness of Russia for foreign investors and for working
out the state economic policy. Problems of monitoring of investor preferences
and relationships with global markets, are studied as well.
Keywords: Russian
economy, stock market, BRIC, trends, herd behavior, statistical analysis, price
fluctuations.
Akaev A.A. Effect of Hydrocarbon Energy Resources on the Dynamics of the World
Economic Development in the XXI Century. // Economics of contemporary Russia 2014. ¹2 (65) Ñ.34-45.
In
this paper we study the impact of fossil fuels (coal, oil and gas) on global
growth. Moreover, we consider only the fundamental factors – the cost of
production, depletion and substitution of fossil hydrocarbon energy resources.
It was obtained approximate analytical formulas describing the rental fee and
the cost of production and the degree of depletion in two stages: the first
(1820–1950), when production costs were negligible in comparison with the rent,
and the second – after 2000, when on the contrary, the costs of energy
production prevail and converted into the category of limited exhaustible
natural resources (ENR). On the base of Dubovsky production function, considering
the influence of ENR, was obtained projections of the impact of hydrocarbon
energy resources on world economic development in the XXI century. Also was
calculated the dynamics of changes the value of hydrocarbon resources in GDP.
It is shown that the share of expenditure on the hydrocarbon energy in GDP due
to fundamental factors do not exceed the allowable 5% of GDP for the whole XXI
century.
Keywords: rent
fee for ENR, extraction costs of ENR, market price of ENR, share of costs for
energy consumption in GDP, Dubovsky production function considering the
influence of ENR, Hotelling’s rent equation, dynamics of the global energy
consumption.
Ilyin V.A. Private Interests Constrain Budget Revenues. // Economics of contemporary Russia 2014.
¹2 (65) Ñ.46-53.
The present-day state of affairs in Russia contributes
to the increasing export of metallurgical corporations’ profits and the
revenues of owners and chief executives. As a result, the share of revenue that
regional budgets get from the corporations is decreasing in relative and
absolute terms. The article presents the main results of a research carried out
by the Institute of Socio-Economic Development of Territories of RAS; the
purpose of the research was to study the influence exerted by the interests of
the owners of the largest Russian metallurgical corporations on the economy and
social sphere in the regions, where the main production facilities of these
enterprises are located. The study covers the Vologda, Lipetsk and Chelyabinsk
oblasts that have the largest iron-and-steel works, which produce almost 2/3 of Russia’s total output of steel and rolled
metal. The research seeks to determine the dynamics of quantitative parameters
of the corporations’ financial performance and their connection with the
formation of consolidated budgets in the regions specializing in metallurgy,
and their relationship with the federal budget. The research attaches
considerable importance to the study of mechanisms, which help satisfy the
increasing demands of the owners and which, at the same time, reduce the
owners’ input in the socio-economic development of territories. The article in
its conclusion provides some measures to solve the acute issues of territories’
development. These measures include the abandonment of the economic development
model based on raw materials, which, under current conditions, leads to the
accumulation of wealth in the hands of small elite groups; and the focus on the
priority development of industries with progressive technology.
Keywords: regional
economy, ferrous metallurgy, oligarchic capital, financial performance,
consolidated budget, crisis of regional budgets.
Shabalin A.O. Scîðå and a Structure of the Corporate Debt in Russia. // Economics of contemporary Russia
2014. ¹2 (65) Ñ.54-65.
In
2010–2013 the Russian corporations’ debts have resumed rapid growth. When the
current trends will save the corporation debt in 2016 exceed 100% of GDP. This
article analyzes the threat to the economy arising from the increasing debt
burden and suggests mitigation measures.
Keywords: national
debt; corporate debt; corporate borrowing.
Denisov V.I. Priorities to Improve Agricultural Policy in Russia. // Economics of contemporary Russia 2014.
¹2 (65) Ñ.66-76.
Some improvement of the economic situation in Russian
agriculture during the last two-three years have not guarantee its conservation
in the future. The article summarizes the results of the research of the
author, who discovered the symptoms quite probable deterioration in development
in the near future. Shows objective reasons years of lagging productivity of
agricultural labour compared to other sectors, reinforcing dependency of the
country, and the ways of its overcoming. Recommended previously unused now
possible principles and forms of the state support of rural commodity
producers. Their main difference from the existing practice of state
protectionism of the agricultural sector is to strengthen the commitment of
agricultural enterprises.
Keywords: agrarian
economy, forecasting the development of the place and role of state regulation
of the economy of agricultural production.
Ezrokh Yu.S. The Cost Approach to the Evaluation of Commercial Bank Competitiveness. // Economics of contemporary Russia 2014.
¹2 (65) Ñ.77-91.
The
article discusses the methodological framework for the assessment of
competitiveness of Russian banks as part of the cost approach. Due to the fact
that the active operations of credit institutions generate a basic income, the
question of assessment of the cost of raising resources is an important element
in assessing the competitiveness of the integrated bank. The author proposes
and substantiates the algorithm of calculation procedures, the introduction of
the correction values for the leveling of differences in the cost of funds
raised at different times. On the basis of current data on the 50 largest banks
made approbation calculations to assess the costs of funding, which is
estimated on the basis of their competitiveness. Additionally compared the cost
of resource generation by the large and small banks.
Keywords: competitiveness
of the bank, the bank’s costs, competitiveness assessment.
Zarnadze A.A. The Institutional Nature of the Coordination Economic Interests in the
Enterprise Management. // Economics of contemporary Russia 2014. ¹2 (65) Ñ.92-102.
The
article presents the methodological regulations aimed at establishing an
effective system of business management as a subsystem of the economy. The
content of the integrity of the systems on the example of measuring and
improving the efficiency of enterprise management is proposed, taking into
account the enterprises’ multifunctionality. The profit maximizing behavior of
enterprises is criticized. It is shown that this principle dwarfs the
principles of the production strategic development.
Keywords: efficiency,
hierarchy, balance, enterprise management objective function.
