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on Confederation of Independent States |
| By: | Polterovich, Victor |
| Abstract: | It is shown that the evolution of modern developed societies leads to a decrease in the significance of both centralized governance and economic competition, while the role of collaboration mechanisms is being strengthened. This process is supported by cultural changes - by increasing trust, by internalization of the honesty norms, and thus free-rider problem is mitigated. Collectivism and individualism in their extreme forms are being replaced by the culture of constructive interactions and compromises. This cultural transformation creates new institutions and the same time supports them. Thus, both market and state failures are being overcome. |
| Keywords: | collaboration, competition, collectivism, individualism, bankruptcy laws, institutional evolution, antitrust laws |
| JEL: | B00 B4 B52 N00 P11 |
| Date: | 2015–05–15 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:64375&r=cis |
| By: | BLINOV, Sergey |
| Abstract: | Key discussions regarding Russia's economic policy are now taking place between the two camps of economists. The foremost proponent of the ideas in the first camp is Alexey Kudrin, former Vice-Prime Minister, PhD in Economics. The second camp has crystalized itself around Sergey Glaziev, Advisor to the President of Russia, Doctor of Economics, Academician. Both options of economic policy which are proposed by these two schools of thought mean a lot of pain to produce any gain. The first part of this article analyzes the weaknesses of these two options. The second part of the article offers an alternative analysis of the causes responsible for the ups and downs of the Russian economy. An action plan is put forward which, within a few months, would allow the Ruble exchange rate to be stabilized and would ensure that the Russian economy grows regardless of the world market prices for major goods of the Russian primary materials exports. |
| Keywords: | Monetary Policy, Central Banking, Interest Rates, Quantitative Easing (QE), Economic Growth, Money Supply |
| JEL: | E31 E32 E40 E43 E50 E51 E52 E58 E65 G01 N10 O11 |
| Date: | 2016–01–15 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:68836&r=cis |
| By: | Toropova, Irina (Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | Studied and systematized the reasons for the current situation on the Russian market of consumer goods, determined by socio-economic and political nature of the problem of falsification of goods, indicating a lack of understanding of the importance of this issue at the state level and the lack of a unified mechanism for the protection of the consumer market of counterfeit products. At the conclusion of the proposed solutions to this problem. |
| Keywords: | the falsification of production, the legal mechanism to protect the consumer market |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:ppaper:torrpc&r=cis |
| By: | Anis H. Bajrektarevic (Austrian IMC University of Applied Sciences) |
| Abstract: | Regions, rich in energy resources, continue to be of crucial interest for our carbon-powered world. There are numerous things at stake to begin with, from international legal status, ownership rights, energy routes, transit corridors, state and corporate interests, environmental hazards and the overall puzzle of energy diplomacy. Additionally, Caspian is troubled with its own specific set of complexities that are listed in this work. They range from the undefined legal status, territorial disputes, ethnic instabilities and vicinity to other hot spots, such as the turmoil Middle East and the more recently sparked conflict in Ukraine. Besides the current and ongoing political, legal and security concerns, another layer of complexity represents the recent economic crisis and the steep fall in global energy prices. Caspian is already experiencing the negative effects of these trends, not to forget the implications of the crisis in the Russian Federation’s economic and currency sectors and the overall decline of investments in the region over the past two years. In addition to recouping the losses from energy trade, important consequence will therefore be a much tougher competition to attract investments in the future, inevitably resulting in greater concessions made on the invested side which is likely to impact regional stability. Because of its geographical setting, the Caspian is also of central interest for the European energy security, although the supply chain from the region has been traditionally kept under Russian Federation control. However, for the past decade or so, the EU is becoming increasingly ambitious in planning Caspian pipelines that exclude Russian Federation’s territory and the Nabucco Pipeline project was in the centre of these strategic efforts for a considerable amount of time. The Caspian is therefore also at a crossroads between grand and conflicting energy interests of Russian Federation and the Western Europe. |
| Keywords: | Caspian water plateau, geo-economic passions and imperatives, riparian states, hydrocarbons, energy security |
| JEL: | K32 Q4 |
| Date: | 2015–05 |
| URL: | http://d.repec.org/n?u=RePEc:unt:arwopa:awp149&r=cis |
| By: | Jens K. Perret (Europäisches Institut für Internationale Wirtschaftsbeziehungen (EIIW)) |
| Abstract: | Using a basic growth accounting approach it is deduced how far the regional knowledge infrastructure plays any significant role across the regions of the Russian Federation. Aside from aspects of the size of the regional innovation system, like the number of researchers and students, it is discussed in how far the inflow and outflow of knowledge plays a role in determining the economic growth. The study shows thereby that while the Russian growth dynamics are indeed driven by the exploitation of natural resources, foremost of oil and gas, a significant part of Russian growth is due to its innovation system. This shows that innovation oriented growth politics as promoted by former president Dmitry Medvedev do have a solid foundation to be built on. |
| Keywords: | Economic Growth, Russian Federation, Knowledge, Innovations |
| JEL: | O31 P25 |
| Date: | 2015–04 |
| URL: | http://d.repec.org/n?u=RePEc:bwu:eiiwdp:disbei208&r=cis |
| By: | Opitz, Alexander |
| Abstract: | This paper assesses the attitude of investors towards Democratic change by performing an event study using Russian government bonds. The Revolution of 1905 offers an ideal occasion as, alongside the related revolutionary events, it was accompanied by two opposing constitutional changes within a short period of time. This study contributes to the debate as to whether Imperial Russia could possibly have followed other Western European states, i.e. gradually adopting a democratic rule, or whether a revolution was inevitable - as the writing of Soviet history suggests. Furthermore, the Russo-Japanese War is taken into consideration. The results are basically in line with the literature on the impact of wars on capital markets. Prices of two types of bonds on both the Saint Petersburg and the Berlin stock exchange are employed. As it turns out, investors in the East and West were largely consistent in their reactions. |
| Keywords: | russian economic history,political stock market,Democratic change,impact war on stock markets |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:hohdps:152015&r=cis |
| By: | Amanda Muranska (University of Opole, Poland) |
| Abstract: | The global economy is still dynamic transformed. Over the last two decades the forces have regrouped. An important role have begun to play the emerging markets, especially the group of BRIC’s countries. The aim of this paper is an attempt to place those economies in the area of the modern global economy. Therefore, it has made an analysis of several indicators from 2001 to 2013. It has used figures from the online database of The World Bank. The analysis has taken some interesting conclusions. First of all, BRIC’s countries have improved their position in the global economy, but they have still a lot of problems, primarily social problems. Brazil and Russia are countries, which are mainly based on natural resources, and at the moment their economies are developing slower. India is a country that is characterized by innovation, and it has to be the key to success. China is strong leader, which has still a very big economic potential and is still improving their competitive position. |
| Keywords: | Brazil, China, India, Russia, BRIC |
| JEL: | O10 O57 |
| Date: | 2015–06 |
| URL: | http://d.repec.org/n?u=RePEc:pes:wpaper:2015:no151&r=cis |
| By: | Pavel Trunin (Gaidar Institute for Economic Policy); Eugene Goryunov (Gaidar Institute for Economic Policy) |
| Abstract: | The position of supporters of the policy easing by the Bank of Russia is the following: if the monetary authorities of developed countries abandon their principles, then why do they rely on Russia? Is it not better instead to do exactly what the central banks in the US, UK, Japan and the euro area do - to stimulate economic growth by quantitative easing? According to adherents of monetary policy easing, it is necessary to turn the Bank of Russia into the institute of development, making it one of the investors of economic growth. Furthermore, it should be included in the process of creating "long cheap money", as it occurs in the US and the European Union. Позиция сторонников смягчения политики Банка России следующая: если денежные власти развитых стран отказываются от своих принципов, то зачем тогда России на них полагаться? Не лучше ли вместо этого делать ровно то, что делают центральные банки в США, Великобритании, Японии и еврозоне — стимулировать экономический рост денежной эмиссией? По мнению адептов смягчения монетарной политики, нужно превратить Банк России в институт развития, сделав его соинвестором экономического роста. Кроме того, он должен быть включен в процесс создания «длинных дешевых денег», как это происходит в США и Европе. |
| Keywords: | Russian economy, Bank of Russia, monetary policy, quantitative easing |
| JEL: | E31 E43 E44 E51 E52 E58 |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:gai:wpaper:134&r=cis |
| By: | Michal Wilinski (Nicolaus Copernicus University, Poland); Agnieszka Wilinska (Nicolaus Copernicus University, Poland) |
| Abstract: | The purpose of this article is to present problem in which the Russia found after the imposition of her economic and political sanctions by the European Union. It also shows the impact of the global figure the crude oil price to change the size of gross domestic product and the country's budget revenues. The models were to confirm the existence of consistent relationship between the studied variables and indicate the strength of this relationship, between the crude oil price and the size of Russia's GDP and exports in the country. The first model is indicative of the relationship between the change in the size of world crude oil prices and the value of gross domestic product. The second model shows the impact of world crude oil prices on the value of exports. The resulting models confirm that values and confirm the thesis of mine. An important element that should also pay attention to a problem related to the occurrence in the Russian economy Dutch disease. Russia's strong economic dependence on oil and natural gas causes such a violent change of the economic situation of the country from fluctuations in the world prices of crude oil and is a major cause of the economic crisis which took the Russian economy in 2014. |
| Keywords: | crisis, Russia, crude oil |
| JEL: | A11 A14 B16 B26 |
| Date: | 2015–06 |
| URL: | http://d.repec.org/n?u=RePEc:pes:wpaper:2015:no154&r=cis |
| By: | Gawlik, Remigiusz; Titarenko, Roman; Titov, Sergei |
| Abstract: | The paper has 3 objectives: (i) identify QoL determinants of Russian Students; (ii) assess their relevance for decision-making when choosing life strategies; (iii) recognize their implications for academic teaching. The research sample were students from two Russian Universities. The study employed: literature analysis; exploratory research (direct individual in-depth interviews, survey based on a self-administered, web-based questionnaire with single-answer, limited choice qualitative & quantitative questions and gradings based on the Likert-type scale); explanatory research (informal moderated group discussions). The research findings show the relatively high significance of finance, career, stability, family, free time and other non-material QoL determinants. Research analysis reveals an inconsistency between respondents’ expectations and their work-life balance, which imposes a question about decision-making criteria at an early stage of career planning and the role of tertiary education in this process. Implications & Recommendations: (i) multicriteria decision-making processes, such as career planning, should comprise work-life balance; therefore both material and non-material QoL determinants should be incorporated into the analysis; (ii) as the role of Universities, beside educating, is also to guide and shape characters, Academia seems to be the right place for this task; (iii) therefore Universities should promote conscious lecturers as assistants to the process of identification of individual QoL determinants by their students. Contribution & Value Added: the research provides a fresh and improved perspective on quality of life and its determinants; it includes non-material QoL components and therefore brings qualitative determinants into economic research; it will provide data for future comparisons; it comes from a research network linking European and Russian tertiary education institutions and University lecturers with intercultural teaching experience. |
| Keywords: | determinants of quality of life; multicriteria decision-making; qualitative research; intercultural teaching |
| JEL: | C35 I31 J89 |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:69134&r=cis |
| By: | Zhirova, Galina (Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | The article considers the pre-trial procedure for settlement of disputes, analyzes the conflicts between the tax authorities and taxpayers. In the review of decisions on complaints, the results of which were substantiated the arguments of taxpayers, noted that the main reasons for satisfaction of tax disputes are the wrong application of norms of tax legislation, lack of evidence, violations by the tax authority established by the Tax code of the Russian Federation procedures for the collection of taxes, procedure for consideration of tax inspection materials and established procedures governing the timing of tax control measures and the processing of their results. It also justifies the proposals on the introduction of a mediation procedure and settlement agreements as an alternative method of resolving the conflicts. |
| Keywords: | tax disputes, tax inspections, pre-trial settlement of disputes, the institute of mediation, the settlement agreement |
| Date: | 2015 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:ppaper:zhrpc1&r=cis |
| By: | Yusupov, Vitaly (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Krylova, Elena (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Kirin, Anatoly (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Pobezhimova, Nelly (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Zelenov, Mikhail |
| Abstract: | This work is dedicated to exploring of process of realization of administrative reform in Russia, and, in particular, the most important stage of it - improvement of state and municipal services. This study was done from the point of the science of administrative law. In this work we justified set of practical suggestions for improvement of administrative law. |
| Keywords: | state service, Russia, reform, law, administration |
| Date: | 2014–06 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:ppaper:re9028&r=cis |