|
on Confederation of Independent States |
| By: | Gordeev, Dmitriy (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Idrisova, Vittoria (Gaidar Institute for Economic Policy); Kaukin, Andrei (Gaidar Institute for Economic Policy); Ponomarev, Yuriy (Russian Presidential Academy of National Economy and Public Administration (RANEPA); Gaidar Institute for Economic Policy); Filicheva, Evgeniya (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | Reducing the costs of international trade as a result of technological progress and trade liberalization around the world has led to increased fragmentation and internationalization of production, an increase in the intensity of trade in intermediate goods. Under these conditions, is becoming increasingly important tracking global trade chains, the study of factors export and import value-added embodied in goods and services of a country. The aim of this work is to develop theoretical and empirical evaluation of the model value-added trade, as well as the development of recommendations for management of industrial and trade policy with Russia, taking into account the results obtained. In this study, an analysis of the current structure of trade flows, provides an overview of key theoretical and empirical approaches to the evaluation of international trade flows. As part of this study to determine the theoretical form and specified empirical trade model specifications added value. The evaluation of empirical specifications models of international trade added value of the basic principles of functioning of global trade and production chains, identified key factors that determine the intensity of the flow of added value embodied in goods and services. The results of this study allow a new point of view to determine the main directions of economic policy, contributing to the expansion of the volume of exports of high degree of redistribution and improvement of the production structure of the Russian economy. The paper described a promising tool of industrial and trade policy of the Russian Federation, and the relationship between these instruments, fleshed out the key principles for the integration of Russian producers in international value chains. |
| Keywords: | international trade, global supply chains |
| Date: | 2016–06–07 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:765&r=cis |
| By: | Vasilyeva, O. V. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Golubchenko, I. V. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Koroteeva, Oksana (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The paper provides an assessment of the state of the integration process of new subjects of the RF in a single socio-cultural space of the Russian Federation in the context of the urgent tasks of social development of the Russian Federation. Particular attention is paid to the identification of the main problems of socio-cultural development and integration processes of new subjects of the RF in the socio-cultural sphere, the definition of effectiveness used in the areas of forms of actualization of cultural heritage and scientific and educational potential in the formation and development of the regional innovation system (RIS). In connection with the social and cultural integration of the regularities of the dynamics of the placement of settlements of new regions and ways of their optimization recommendations on solving urgent problems of integration and development of the new Russian Federation. |
| Keywords: | integration process, Russian Federation, socio-cultural space |
| Date: | 2016–06–07 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:766&r=cis |
| By: | Smolkin, Anton (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | This research work deals with trust networks and social capital as main tools of repairing improper work of formal institutions. It is shown, basing on data for study ‘Eurobarometer in Russia’ conducted in 2012-2015, how different levels of trust (generalized, interpersonal, institutional) are combined in Russian society. Moreover, the connection of interpersonal trust and the level of social capital is demonstrated. The ways of solving problems, reared sue to ineffective work of institutions, using trust networks are also examined. |
| Keywords: | trust networks, social capital, interpersonal trust, institutional trust, economic behavior |
| Date: | 2016–06–07 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:7612&r=cis |
| By: | Nikulin, Alexander Michailovich (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Trotsuk, Irina Vladimirovna (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Kurakin, A. A. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Sobolev, A. V. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | Currently there is no objective and reliable data on the number of Russian cooperatives, about what they do and what are the prospects of their development. According to the Minister of Agriculture of the Russian Federation, "co-operation does not perform the tasks conferred on it... There is no objective reason to talk about the architecture and operating system. Cooperatives are scattered, fragmented, chaotic and often developing completely unchecked." Meanwhile, the food security of the country, especially against the backdrop of the current food embargo requires an integrated approach. Despite the fact that this problem will be resolved, primarily due to large-scale farms, the potential for agricultural cooperation in Russia is undervalued and is used not enough. In addition, co-operation, involving a multitude of rural households, can help overcome the traditional "disease" of the Russian village: poverty, unemployment, apathy, depopulation. |
| Keywords: | Russia, cooperatives, agriculture |
| Date: | 2016–06–07 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:768&r=cis |
| By: | Izryadnova Olga (Gaidar Institute for Economic Policy) |
| Abstract: | The main factors behind development of the Russian economy in the past two years were as follows: shrinkage of external demand and depreciation of prices on Russia’s main primary sector commodities which make up the basis of the export potential; weakening of domestic demand due to a drop in revenues of the economy and growth in costs; narrowing of the extent of imports which formed over one-third of domestic market resources; reduction of volumes of domestic and foreign capital investments. |
| Keywords: | Russian economy, production, microstructure |
| JEL: | G28 |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:gai:ppaper:ppaper-2016-266&r=cis |
| By: | Danilov, Yuriy (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Dustova, E. A. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The paper deals with the global competitiveness of national financial markets (financial centers), its comprehensive evaluation in relation to Russia. Studied measures to improve global competitiveness, implemented competitors Russia, formulated proposals for the modernization of the Russian state policy in the financial market. |
| Keywords: | national financial markets, competitiveness |
| Date: | 2016–06–09 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:961&r=cis |
| By: | Gordeev, Dmitriy (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Idrisov, Georgiy (Gaidar Institute for Economic Policy); Idrisova, Vittoria (Gaidar Institute for Economic Policy); Kaukin, Andrei (Gaidar Institute for Economic Policy) |
| Abstract: | To date, one of the most used tools for the analysis of international trade is a gravity model of trade. A significant simplification of the model is the replacement cost of trade between the two countries on the distance between them, acting as a proxy variable. Thus, under the costs of foreign trade refers to not only transportation costs, but also the cost of doing this kind of activity as a whole. Administrative, informational, tax, adjustment costs, etc. However, in the academic literature is virtually no research on the analysis of trade flows, taking into account the calculated transportation costs on specific routes. Conducting such a study will fill a gap in the theory of gravitational models of trade, as well as provide an opportunity for more detailed empirical analysis of trade flows on selected routes. The aim is a theoretical modification empirical calibration of the spatial gravity model of trade based on the actual transport cost value of goods on certain routes, recommendations on updating the predictive model of Russia's foreign trade, the development of economic and trade policies, including those aimed at reducing the negative effects of external sanctions and downturn in the economy. To achieve this objective the work objectives: the analysis and systematization of the existing theoretical and empirical approaches to the analysis of foreign trade of goods transportation costs; analysis and systematization of the existing theoretical and empirical approaches to the analysis of the volume and routing trade flows, taking into account the transportation costs for the individual supply chains; modification of the spatial gravity model of trade of Russia to work with detailed trade flows and the cost of transportation of goods in the existing supply chain; empirical assessment of the modified model to the data of the Russian foreign trade in the years 2011-2014, to determine the degree by the amount of the cost of the transport component of the impact of trade flows and routing varying degrees of aggregation. |
| Keywords: | spatial distribution, foreign trade, spatial gravity model of trade, Russia |
| Date: | 2016–06–07 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:764&r=cis |
| By: | Repetyuk, Sergei Vyacheslavovich (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Fayn, Boris Ilyich (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Mozgovaya, Oxana Olegovna (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The research studies the aspects of customer’s network infrastructure access in the Russian Federation in other countries. The steps, procedures and terms of the distribution electricity network connection, requirements to publish network access information by grid companies, connection charges value and structure were analyzed. The distribution electricity network connection activities regulation methods in different countries were compared. The better procedures and practices of network connection in different countries were discovered, and the opportunity of their implementation into the Russian Federation government regulation was identified. |
| Keywords: | network infrastructure, customers, Russian Federation |
| Date: | 2016–06–09 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:962&r=cis |
| By: | International Monetary Fund. Monetary and Capital Markets Department |
| Abstract: | This paper presents an assessment of the level of implementation of the IOSCO (International Organization of Securities Commissions) objectives and principles in the Russian Federation. Some of the most recent regulatory changes in the Russian Federation are clearly based on international standards. In other areas, further initiatives will be required. These include conflicts of interest identification and improving standards of management in professional market participants. It will also require the creation of legal gateways which will enable supervisors with the necessary skills sets to provide guidance as to what the Central Bank of the Russian Federation’s (CBR) reasonable expectations are on a range of issues. CBR also faces a major challenge in enforcing the regulatory regime and will need additional resources. |
| Keywords: | Securities markets;Securities regulations;Reports on the Observance of Standards and Codes;Russian Federation; |
| Date: | 2016–07–13 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfscr:16/233&r=cis |
| By: | Bobylev Yuri (Gaidar Institute for Economic Policy) |
| Abstract: | Oil and gas industry remains the basic sector of Russian economy playing the key role in shaping the state budget revenues and the country’s trade balance. In 2015, the oil sector’s development was marked by positive dynamics. Due to investments made in the previous years, the crude oil production in Russia has reached peak levels since 1990 and crude oil export hit all time maximum. Restructuring of the oil sector taxation system has been launched. The reform envisages significant reduction of the economic role of export duties. Low global crude oil prices together with financial and technological sanctions imposed on Russia have hampered the development of this sector. |
| Keywords: | Russian economy, oil and gas sector, oil production, oil prices |
| JEL: | L71 L72 |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:gai:ppaper:ppaper-2016-267&r=cis |
| By: | Avraamova, Elena M. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Karavay, Anastasia V. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Klyachko, Tatiana (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Loginov, Dmitriy (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | Research development of additional professional education (APE) was carried out during the recession of the Russian economy, where human development and, in particular, the employment potential has become even more urgent due to aggravation of inter-country competition. APE is also one of the most important increase of labor potential quality tools. The research allowed to identify the main trends of development of APE. The study was based, firstly, on the annual monitoring data "Eurobarometer", describing the involvement of the Russian population in the APE system, and secondly, on a survey of managers of HR services on the main issues, tasks, organizational and financial approaches to APE, thirdly , on a survey of employees of enterprises, companies and organizations with respect to the goals, motives, forms and APE results. |
| Keywords: | additional professional education, Russian economy |
| Date: | 2016–06–09 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:963&r=cis |
| By: | Smolkin, Anton (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | In this paper, an analysis of the key characteristics of the social status of the elderly in Russia was made. The situation of intergenerational contacts in a number of cases initially is potentially a conflict: youth is characterized by cautious, indifferent attitudes towards older people. Negative expectations of each party to help interpret any ambiguous actions of the other as a potential conflict, which exacerbates the situation, leaving no place that could be described as "neutral behavior." Restrictions on the media representatives of the third age contributes to a specific behavioral practices that give a tactical advantage, but the potential to lower the status of the elderly person and help to perpetuate negative stereotypes about old age. |
| Keywords: | elderly, Russia, age politics |
| Date: | 2016–06–07 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:7611&r=cis |
| By: | International Monetary Fund. European Dept. |
| Abstract: | This Selected Issues paper describes structural reform policies in Russia in the last 15 years. There is evidence of a gradual convergence of Russia’s performance to that of more advanced economies, though significant gaps remain. Progress in Russia’s global competitiveness index indicators during the past 10 years has been generally stronger for those indicators in which Russia’s performance was comparatively weaker in 2006. The authorities’ view that oil prices will be persistently low and a real exchange rate more aligned to fundamentals should serve as incentives to build a less oil-dependent growth model. Clear targets, carefully sequenced actions, appropriate accountability, and frequent monitoring could help advance reforms. |
| Keywords: | Economic growth;Productivity;Exports;Capital accumulation;Global competitiveness;Fiscal reforms;Fiscal consolidation;Selected Issues Papers;Russian Federation; |
| Date: | 2016–07–13 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfscr:16/230&r=cis |
| By: | International Monetary Fund. Monetary and Capital Markets Department |
| Abstract: | This paper presents an assessment of the level of implementation of Basel Core Principles for Effective Banking Supervision in Russian Federation. The legal framework currently in place provides the Central Bank of the Russian Federation (CBR) with necessary powers and responsibilities. The Russian licensing regime for banks appears exhaustive. The legal and regulatory framework provides CBR with a set of instruments and tools to ensure that the licensing process is sound. CBR also has the power to review, reject, and impose prudential conditions on any proposals to transfer significant ownership or controlling interests held directly or indirectly in existing banks to other parties. However, the legal regime for major acquisitions in Russia is found to be weak. |
| Keywords: | Banking sector;Basel Core Principles;Bank supervision;Bank resolution;Reports on the Observance of Standards and Codes;Russian Federation; |
| Date: | 2016–07–13 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfscr:16/232&r=cis |
| By: | Barinova, V.A. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Sorokina, Alla (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Eremkin, V.A. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The paper provides classification of Russian regions by different criteria: standard of living, economic and investment potential. On the basis of these classifications an integrated typology of regions was drawn up. Authors also marked out regions, which were the most sensitive to the effects of crisis. |
| Keywords: | Russian regions, standard of living, economic and investment potential |
| Date: | 2016–05–16 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:1654&r=cis |
| By: | Arkhangelskiy , Vladimir (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Shulgin, Sergei (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Efremov, Igor (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Pustovalov, Denis Nikolaevich (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The paper substantiates the methodology of construction of scenarios for the main demographic processes: fertility, mortality and migration. For the four scenarios (most likely, pessimistic, optimistic, and super optimistic) calculations of demographic trajectories are made. This paper presents the trajectory and scenarios for Russia as a whole. For derived demographic trajectories of the analysis of the population structure and describes the possible consequences of the upcoming changes. |
| Keywords: | demography, scenarios, Russia |
| Date: | 2016–06–07 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:761&r=cis |
| By: | Svetlov, Nikolai (Russian Presidential Academy of National Economy and Public Administration (RANEPA); Russian Academy of Sciences (RAS) - Central Economics and Mathematics Institute); Shishkina, Ekaterina (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The paper presents the economic and mathematical analysis of the likely consequences of the transition to a single agri-food policy in the three countries EAEC - Belarus, Kazakhstan and Russia. Use any copyrighted modification of economic-mathematical model of partial equilibrium EPACIS, which eliminates the drawbacks associated with alternative solutions and computational problems. The expediency of a conservative approach to integration processes in the EAEC, consisting in the integration of primary markets, the integration of the least prone to stress; the priority of improving the competitiveness of inefficient sectors to the integration of markets; ready to suspend the acts aimed at deepening integration, the detection of adverse effects. |
| Keywords: | agri-food policy, EAEC, economic and mathemathical analysis |
| Date: | 2016–06–07 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:767&r=cis |
| By: | Thomas F. Remington (National Research University Higher School of Economics) |
| Abstract: | Upgrading vocational education and training (VET) has become an increasingly urgent task for societies facing the challenges of rapid technological change and globalization. Today governments in many countries, including the United States, Russia and China, are seeking to adopt elements of the German dual education model. However, implementing dual education is institutionally demanding because of the multiple collective dilemmas inherent in coordinating VET with the labor market. The Russian federal government has undertaken several initiatives designed to upgrade the quality of VET by encouraging close cooperation of vocational schools and firms at the regional level. This paper focuses on a 2013 project administered by the Russian Agency for Strategic Initiatives (ASI), which ran a competition to select regions as pilot regions for the development of new models of dual education. The paper compares the 13 pilot regions with regions that submitted proposals but were not selected and with and all other regions along multiple economic, social, demographic and institutional dimensions. The findings suggest hypotheses about the conditions that enabled the pilot regions to take advantage of federal policies encouraging the adoption of dual education |
| Keywords: | Russian Federation, vocational education and training (VET), skill formation, coordinated and liberal market economies, collective dilemmas |
| JEL: | Z |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:hig:wpaper:38/ps/2016&r=cis |
| By: | Berezinskaya, Olga (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Schelokova, D.V. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The work is devoted to analysis of credit borrowing of non-financial sector of the economy. The relevance of the work is determined by the importance of non-financial sector credit for the implementation of their potential "window of opportunity", reduced availability of financial resources and high credit risk of a number of industries. The work contains a comprehensive analysis of lending and non-financial sector of the economy is based on the data of the statistical reporting of enterprises, reporting of credit institutions and the Central Bank estimates. The paper identified the dynamics and current debt load sectors non-financial sector and the role of the Russian banking system in lending to industry, formulated imbalances and risks of expansion of bank lending to non-financial sector. The results obtained are productive for the understanding of the prospects and limitations of lending sectors non-financial sector of the Russian economy, the risks and the potential growth of its credit borrowing. |
| Keywords: | loan, credit, window of opportunity |
| Date: | 2016–05–16 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:1653&r=cis |
| By: | Ivankina, Elena Vladimirovna (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Boronina, A. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Kupriyanov, S.L. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The work is devoted to analysis of foreign countries the taxation system in order to develop differentiated approaches and rates of taxation of real estate in Russia. In Russia, begins to form on the taxation of property of citizens. The first results of the tax reform will be possible to bring in the end of 2016 - early 2017. Since the reform will be introduced throughout 2016, study foreign experience of taxation is one of the most urgent tasks. Tax Investigation in foreign countries was carried out using both the expert method, and based on the study of existing international information system data. |
| Keywords: | property tax, land tax, taxation of foreign experience |
| Date: | 2016–05–16 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:1651&r=cis |
| By: | Danilov, Yury A. (Russian Presidential Academy of National Economy and Public Administration (RANEPA); Moscow State University - Faculty of Economics); Dustova, E.A. (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | Monitoring of the Global Competitiveness of the Russian Financial Market and Analysis of Measures for Its Improvement |
| Keywords: | The paper deals with the global competitiveness of national financial markets (financial centers), its comprehensive evaluation in relation to Russia. Studied measures to improve global competitiveness, implemented competitors Russia, formulated proposals for the modernization of the Russian state policy in the financial market. |
| Date: | 2016–06–16 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:1664&r=cis |
| By: | Bespalov, Sergey (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The paper analyzes the main trends and stages of implementation of the administrative reform in the Republic of Kazakhstan from the collapse of the USSR till 2015. It wxamines issues relating to the reorganization of the central and regional management staff, the public service and its management, as well as issues of cooperation between the state structures with the business and society. |
| Keywords: | administrative reform, Kazakhstan, public service |
| Date: | 2016–06–16 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:1662&r=cis |
| By: | Mikhail Turchenko (National Research University Higher School of Economics) |
| Abstract: | On September 8, 2013 the mayoral election was held in Petrozavodsk, the capital city of the Republic of Karelia. An independent candidate Galina Shirshina gained success in this contest. On December 25, 2015 Shirshina was dismissed by the Petrozavodsk City Councillors. Her misgovernment of the city’s public sector was the official explanation for her dismissal. An alternative explanation of why she lost her position, was her refusal to conform with the regional power vertical. In accordance with the obtained results, the leading role in Shirshina’s recall was played by the Karelian authorities. They decided to remove Shirshina after their failure to control her actions as mayor. The key step towards the implementation of this decision was elimination of the autonomy of the local political elites, who supported the mayor of Petrozavodsk and controlled the majority of the municipal deputies. The regional authorities replaced popular mayoral elections in the city with the appointment of a city manager to assure their political control in the future. This case study shows that the survival of mayoral governance and the direct mayoral elections in the cities of Russia depend on mayoral loyalty to the regional authorities |
| Keywords: | local politics, local elites, electoral authoritarianism, Russia |
| JEL: | D72 D74 |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:hig:wpaper:37/ps/2016&r=cis |
| By: | Maria Semenova (National Research University Higher School); Andrey Shapkin (Sberbank) |
| Abstract: | Market discipline in the personal deposit market is of great importance for regulators. In developing economies, which rely much and are dependent on the dollar and euro, changes in the currency structure of the deposits may be strategic and work as an additional disciplining mechanism. Our study sheds light on this mechanism of currency shifts in the Russian market for personal deposits. Using data on more than 900 Russian banks for 2005¬–2015, we provide evidence that less risky banks—at least in terms of capital adequacy and liquidity—demonstrate higher growth of both the volume and the share of deposits denominated in foreign currency, even when the exchange rate volatility component is extracted. This mechanism continued working during the financial crisis of 2008–2009 |
| Keywords: | Market discipline, Personal deposits, Currency shifts, Russia |
| JEL: | G21 G01 P2 |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:hig:wpaper:57/fe/2016&r=cis |
| By: | Nikulin, Alexander Mikhailovich (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Kuznetsov, Igor (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The paper provides an overview of the basic concepts of the agrarian crisis, is offered in the Russian economic and historical literature from the end of XIX to the beginning of the XXI century. Stand out periods during which such issues sharply actualized considered conceptual heritage of each of the periods. The basic theory of cycles in relation to the development of agricultural sphere. It is the prospect of further historical and economic study of the problem. |
| Keywords: | agrarian crisis, Russia, history |
| Date: | 2016–05–16 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:1655&r=cis |
| By: | Alexander S. Skorobogatov (National Research University Higher School of Economics) |
| Abstract: | This paper discusses a mechanism underlying the input allocations and income distributions across Russian cities of different ages. The empirical strategy is based on using the extended version of the Glaeser-Gottlieb model to guide the interpretation of regression estimates. The results are in line with previous evidence. Newer cities tend to pay higher real wages, but this is offset by pure consumption amenities. Their opportunities to pay more are related to their productivity advantages resulting from their higher shares of skilled workforce, and more available natural resources. At the same time, these advantages and disadvantages tend to disappear with time, which gives rise to the income convergence. |
| Keywords: | exhaustible resources, urban development, consumer amenities |
| JEL: | R12 Q32 O13 |
| Date: | 2016 |
| URL: | http://d.repec.org/n?u=RePEc:hig:wpaper:149/ec/2016&r=cis |
| By: | International Monetary Fund. Middle East and Central Asia Dept. |
| Abstract: | This paper discusses Armenia’s Third Review Under the Extended Arrangement, and Request for Waiver and Modification of Performance Criteria (PC). Growth in Armenia is expected to remain subdued as recession in Russia continues and as the base effects of the 2015 one-off factors dissipate. The program performance has been broadly satisfactory. All end-December 2015 PCs, except for the fiscal deficit PC, and all the continuous PCs were met. The fiscal deficit PC was missed by 0.3 percent of GDP. The IMF staff supports completion of the review and the authorities’ request for a purchase in an amount equivalent to SDR 15.65 million. |
| Keywords: | Extended arrangement reviews;Fiscal policy;Fiscal reforms;Monetary policy;Inflation targeting;Bank supervision;Economic indicators;Balance of payments statistics;Letters of Intent;Staff Reports;Press releases;Performance criteria modifications;Performance criteria waivers;Armenia; |
| Date: | 2016–07–21 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfscr:16/246&r=cis |
| By: | International Monetary Fund. Monetary and Capital Markets Department |
| Abstract: | This paper discusses key findings of the Financial System Stability Assessment of Russian Federation. The Russian banking system is weak and likely to need additional capital. Even in the baseline scenario, certain banks will need new capital owing to low profitability and increasing credit losses. The required resources increase in the stress scenarios, but remain manageable. Bank regulation and supervision have greatly improved in recent years, but there is more to be done. Key areas for improvement include related party lending, country and transfer risks, operational risks, and supervisory interactions with external auditors. In addition, the implementation of risk-based supervision is also in progress. |
| Keywords: | Financial system stability assessment;Economic recession;Banking sector;Liquidity management;Stress testing;Bank supervision;Bank regulations;Anti-money laundering;Combating the financing of terrorism;Macroprudential Policy;Capital markets;Insurance;Economic indicators;Russian Federation; |
| Date: | 2016–07–13 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfscr:16/231&r=cis |
| By: | Voloshinskaya, Anna (Russian Presidential Academy of National Economy and Public Administration (RANEPA)); Komarov, Vladimir (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | The purpose of the work is to analyze modern government-society interaction tools, which are illustrated by numerous examples from Russian and foreign practice. The study presents detailed analysis of the new opportunities for crowdsourcing in the public sector. |
| Keywords: | crowdsourcing, public sector |
| Date: | 2016–06–16 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:1663&r=cis |
| By: | Babashkin, Vladimir Valentinovich (Russian Presidential Academy of National Economy and Public Administration (RANEPA)) |
| Abstract: | To date, it found about three thousand rural settlements that existed in the territory of the Tomsk region in the period from 1939 to 1989. It is almost an exhaustive list of settlements that existed at that time in the region (as the disappearance of villages in the XVIII-XIX centuries. Was a very rare occurrence). Compiled summary table of these rural settlements, indicating the population in them in 1939, 1951, 1959, 1970, 1979, 1989. Also listed in the table the prospect of many of these rural settlements, which are used for regional planning projects in 1970 and 1978. Resulting in the course of this work, the picture of the recent past may be a factor in the evolution of the rural area in the near future. The researchers plan also includes the study of the earlier period of the region agrarian history, from the beginning of the XVII century. |
| Keywords: | rural communities, Russia, history |
| Date: | 2016–06–07 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:769&r=cis |
| By: | International Monetary Fund. European Dept. |
| Abstract: | This 2016 Article IV Consultation highlights that the Russian economy contracted by 3.7 percent in 2015 owing to falling oil prices and the quasi closure of international financial markets to Russian entities. The economic contraction is nonetheless shallower than previous recessions as a stronger external position and the authorities’ economic package cushioned the shocks, helped restore confidence and stabilized the financial system. Lower oil prices and needed fiscal adjustment will keep the economy in recession in 2016 with an expected decline in real GDP of 1.2 percent. Growth is expected to resume in 2017 and reach 1 percent, as domestic demand slowly recovers on the back of easing financial conditions and pent up demand. |
| Keywords: | Article IV consultation reports;Economic recession;External shocks;Oil prices;Sanctions;Fiscal policy;Fiscal consolidation;Fiscal reforms;Monetary policy;Banking sector;Economic indicators;Balance of payments statistics;Staff Reports;Press releases;Russian Federation; |
| Date: | 2016–07–13 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfscr:16/229&r=cis |
| By: | International Monetary Fund. Monetary and Capital Markets Department |
| Abstract: | This Technical Assistance report examines regulation of market abuse and issuer disclosure requirements in Ukraine. The Ukrainian regulatory framework for market abuse and issuer disclosure requirements has significant gaps, whose impact is compounded by the National Securities and Stock Market Commission’s (NSSMC) lack of sufficient supervisory, investigative, and enforcement powers. This has contributed to overall lack of transparency and widespread misconduct in the market, including through issuance and trading of “fictitious†securities. To address the current challenges, the Ukrainian legislation needs to be aligned with the international standards to provide the NSSMC with sufficient means to require enhanced disclosures and combat market abuse. |
| Keywords: | Securities markets;Stock markets;Transparency;Securities legislation;Securities regulations;Technical Assistance Reports;Ukraine; |
| Date: | 2016–07–21 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfscr:16/242&r=cis |
| By: | International Monetary Fund. European Dept. |
| Abstract: | This paper focuses on the key issues related to the economy of Latvia. Growth picked up somewhat last year despite a weak external environment. GDP growth rose to 2.7 percent, up about ¼ percent over the previous year. However, growth is expected to slow slightly in 2016 to 2½ percent. While Latvia continues to make steady economic progress, a key challenge will be to generate the growth necessary to sustain the pace of income convergence with Western Europe. Structural reforms will be required to improve state-owned enterprise governance and strengthen the business environment, upgrade public infrastructure, and modernize legal systems. |
| Keywords: | Article IV consultation reports;Economic growth;Productivity;Fiscal policy;Fiscal reforms;Banking sector;Bank supervision;Economic indicators;Balance of payments statistics;Debt sustainability analysis;Staff Reports;Press releases;Latvia;monetary fund, market, inflation, tax, economic developments |
| Date: | 2016–06–16 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfscr:16/171&r=cis |