|
on Confederation of Independent States |
| By: | (Абрамов, Александр) (The Russian Presidential Academy of National Economy and Public Administration); (Радыгин, Александр) (The Russian Presidential Academy of National Economy and Public Administration); (Чернова, Мария) (The Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | The paper considers various aspects of measuring the public sector in the economy, as well as the impact of the size of government intervention on the performance of both the corporate sector and the development of the stock market. It is shown that the public sector in Russia is growing by a whole set of different measures. In addition, public sector estimates were obtained for a sample of countries and their negative impact on all stock market development measures was revealed: capitalization, stock exchange trading volumes and household financial assets. It was shown that changes in capitalization / GDP, the volume of exchange trading in shares / GDP and the value of household financial assets in relation to their disposable income depends not only on economic, financial and demographic factors, but also on the role that the state plays in the economy. |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032007&r=all |
| By: | Gabueva, Larisa (Габуева, Лариса) (The Russian Presidential Academy of National Economy and Public Administration); Gabueva, L.G. (Габуева, Л.Г.) (The Russian Presidential Academy of National Economy and Public Administration); Pavlova, Nina (Павлова, Нина) (The Russian Presidential Academy of National Economy and Public Administration); Zubareva, Natalia (Зубарева, Наталья) (Belgorod National Research University) |
| Abstract: | The problem of access to medical care in the countryside is one of the focal areas of national goals and strategic objectives of healthcare development, defined by Decree of the President of the Russian Federation No. 204 of May 7, 2018 and the main directions of Health Development Passports of the constituent entities of the Russian Federation for the period 2018-2024. The health of the population living in rural areas is within the competence of the constituent entities of the Russian Federation, and the quality and availability of primary health care are directly related to the regionalization of the network of district hospitals (RB), feldsher-obstetric centers (FAP), and rural outpatient clinics. |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032005&r=all |
| By: | Pakhomov, Alexander (Пахомов, Александр) (The Russian Presidential Academy of National Economy and Public Administration); Bagdasaryan, Knyaz (Багдасарян, Княз) (The Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | This study examines the main directions of development of the global investment movement and Russia's participation in this process. There has been a decline in the country's role in global FDI flows for geopolitical reasons and domestic economic problems. The specifics of the circulation of FDI of offshore jurisdictions with Russia at the present stage is analyzes, as well as the trends of entrepreneurial activity of domestic companies abroad in order to acquire assets and implement new projects. The paper studies the general features and peculiarities of the relations of investment cooperation of the Russian Federation with developed countries, emerging developing Asian States, as well as the EAEU and CIS countries. The author gives an assessment of the existing problems and prospects for the development of relations in this area with each of these groups of States of the far and near abroad. |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032008&r=all |
| By: | Vedev, Alexey (Ведев, Алексей) (The Russian Presidential Academy of National Economy and Public Administration); Berezinskaya, Olga (Березинская, Ольга) (The Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | The work is devoted to the analysis of the dynamics and species structure of investments in fixed assets in the Russian economy. The specific aspect of investment in fixed assets in the Russian economy, and especially in its sectors, has been undeservedly ignored by the expert community. However, the distribution of resources between equipment, non-residential buildings, dwellings and other articles of investment projects by enterprises of the economy, and especially, the change in this structure in recent years is extremely important. It allows not only to evaluate how the investment growth path corresponds to the task of modernizing the production base of the Russian economy, but also to refine economic policy measures to stimulate the growth of investment in fixed assets. The results obtained in this work are informative for understanding the limitations and possibilities of activating the investment process in the context of the transition of the Russian economy to an innovative development model. |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032009&r=all |
| By: | Lopatina, Marina (Лопатина, Марина) (The Russian Presidential Academy of National Economy and Public Administration); Lyashok, Viktor(Ляшок, Виктор) (The Russian Presidential Academy of National Economy and Public Administration); Maleva, Tatiana (Малева, Татьяна) (The Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | This work is devoted to considering the impact of modern and future technologies on the labor market. It was analyzed how the expectations of mass unemployment in Russia and the world are justified, and what other consequences technological innovations may have for the labor market. Special attention was paid to measures taken by government policy on the labor market. An analysis of more than 200 programs conducted by employment services in the countries of the European Union led to a paradoxical conclusion: despite constantly voiced intentions to reform the main labor market policies, the European employment services continue to use a standard set of practices. In general, these are traditional measures that have nothing to do with the Fourth Industrial Revolution. Russian studies do not find the contribution of technological change to the Russian labor market. However, taking into account the peculiarities of the labor market in Russia, it can be assumed that the adjustment to technological changes will occur not through the channel of employment and unemployment, but through the adjustment of wages. |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032020&r=all |
| By: | Omelyanovskiy, Vitaliy (Омельяновский, Виталий) (The Russian Presidential Academy of National Economy and Public Administration); Fedyaeva, Vlada (Федяева, Влада) (The Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | In accordance with applicable law, in the control and payment of medical care, treatment outcomes are evaluated selectively. The tools used to control the quality of medical care are aimed at monitoring processes and their timeliness, and not at the results (outcomes). The system of payment for medical care takes into account only its volumes, and not the achievement of a significant outcome for the patient. Thus, in the modern healthcare system of the Russian Federation there are no incentives and mechanisms to increase the motivation of medical workers to improve the quality of medical care, which inevitably negatively affects the results of treatment. The paper analyzes foreign experience in introducing the concept of value-based healthcare and suggests approaches to introduce the concept into the conditions of the healthcare system of the Russian Federation. |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032023&r=all |
| By: | Gorlin, Yury (Горлин, Юрий) (The Russian Presidential Academy of National Economy and Public Administration); Lyashok, Viktor (Ляшок, Виктор) (The Russian Presidential Academy of National Economy and Public Administration); Salmina, Alla (Салмина, Алла) (The Russian Presidential Academy of National Economy and Public Administration); Fedorov, Vitaly (Федоров, Виталий) (The Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | The paper sets out the main provisions of the developed by the authors of the system of indicators of the level of pension provision in relation to the conditions of the Russian system of pension insurance. The proposed indicators evaluate the fulfillment of the following three functions of insurance pensions: smoothing out changes in income during and after retirement, protecting pensioners from poverty, and ensuring a balance between the level of pensions and wages. To evaluate these functions of insurance pensions, two types of indicators have been developed that differ in methodology and informational basis for calculation: empirical and theoretical. |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032011&r=all |
| By: | Golub, Alexander (Голуб, Александр) (The Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | Reliance of the Russian economy on carbon dependent sectors may induce a long-term stagnation and convergence of the economy into the development trap. A theoretical model of economic growth model presents the Russian economy as a combination of two sectors: dominating carbon-dependent industries and emerging knowledge-based sectors. Exposure of carbon-dependent industries to the emerging global and regional climate policies and to climate change itself determine elevated investment risks and high risk-adjusted cost of capital. The reliance of Russia on resource and energy-intensive sectors will increase investment risks and the cost of capital for the Russian economy. For the theoretical analysis, we apply the Ramsey economic growth model with a convex-concave production function. For the analysis of investment risks, we use the real options analysis. |
| Keywords: | development trap; investment risks; climate policy: concave-convex production function |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032002&r=all |
| By: | Gromov, Vladimir (Громов, Владимир) (The Russian Presidential Academy of National Economy and Public Administration); Milogolov, Nikolay (Милоголов, Николай) (The Russian Presidential Academy of National Economy and Public Administration); Korytin, Andrey (Корытин, Андрей) (The Russian Presidential Academy of National Economy and Public Administration); Kostrykina, Natalia (Кострыкина, Наталья) (The Russian Presidential Academy of National Economy and Public Administration); Zakharenkova, Elena (Захаренкова, Елена) (The Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | The work is devoted to the analysis of the internal tax competition in the Russian Federation. The paper studies the evolution of this phenomenon, starting from the transition of the Russian Federation to a market economy to the present. The authors conclude that in the most regions with a significant policy of providing tax benefits for corporate income tax, such benefits are provided not as a result of the internal tax competition mechanism, but for other reasons. |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032017&r=all |
| By: | Abroskin, Alexander (Аброскин, Александр) (The Russian Presidential Academy of National Economy and Public Administration); Abroskina, Natalia (Аброскина, Наталья) (The Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | The subject area of the research is the methodology and methods of estimation the scale of gross domestic product (GDP). The main problems of GDP construction methodology on the basis of alternative methodological approaches are revealed. Algorithms for matching the developed GDP estimates for convergence are presented. The perspective international experience of GDP adjustments taking into account environmental and social factors is considered and systematized. Recommendations for its use in Russian statistical practice are presented. The results of experimental estimates of Russian GDP with adjustments for production social and environmental components are presented |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032006&r=all |
| By: | Levashenko, Antonina (Левашенко, Антонина) (The Russian Presidential Academy of National Economy and Public Administration); Girich, Maria (Гирич, Мария) (The Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | In the framework of this work, aspects of the legal regulation of electronic trading platforms were analyzed, in particular, regulatory standards within the framework of international organizations, including the OECD, WTO, UNCITRAL, WIPO, the Council of Europe, as well as standards in countries with the largest volume of electronic commerce, including the USA, China , India, EU countries (France, Germany), Australia. The result of the work was the formation of proposals for regulating the operation of electronic trading floors in Russia, including registration and reporting, defining the boundaries of responsibility of electronic trading floors, taxation, protecting consumers' rights, protecting personal data, currency control, customs regulation, regulating advertising and spam, protecting intellectual property, antitrust regulation, financial and information support measures, currency regulation, etc. |
| Keywords: | e-commerce, electronic trading platforms, OECD, consumer protection, personal data protection, taxation, advertising and spam, competition |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032028&r=all |
| By: | Milogolov, Nikolay (Милоголов, Николай) (The Russian Presidential Academy of National Economy and Public Administration); Zakharenkova, Elena (Захаренкова, Елена) (The Russian Presidential Academy of National Economy and Public Administration); Berberov, Azamat (Берберов, Азамат) (Gaidar Institute for Economic Policy) |
| Abstract: | The paper deals with revealing the trends of development and streamlining of the beneficial owner concept in Russian tax law and in the context of tax treaties. We propose several measures related to lowering administrative burden on taxpayers and increasing the level of legal certainty in relation to criteria of defining the person who is considered to be beneficial owner of the income. |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032025&r=all |
| By: | Korotaev, Andrey (Коротаев, Андрей) (The Russian Presidential Academy of National Economy and Public Administration); Shulgin, Sergey (Шульгин, Сергей) (The Russian Presidential Academy of National Economy and Public Administration); Medvedev, Ilya (Медведев, Илья) (The Russian Presidential Academy of National Economy and Public Administration); Zinkina, Yulia (Зинькина, Юлия) (The Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | The object of the study is the dependence of demographic behavior and value orientations on educational status. The role of educational status in the mechanisms of the influence of value orientations and individual value attitudes on the demographic behavior of the population of Russia and in certain foreign countries is revealed. The paper presents the results of an analysis of the influence of the educational factor on individual values obtained on the microdata of the World Values Survey (VOC). |
| Keywords: | demography, gender, age, value orientations, educational status, level of education |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032014&r=all |
| By: | Shulgin, Sergey (Шульгин, Сергей) (The Russian Presidential Academy of National Economy and Public Administration); Scherbov, Sergey (Щербов, Сергей) (The Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | In this work, we develop and test a methodology for constructing a probabilistic multi-regional demographic forecast of Russia until 2050. According to the forecast, by 2050 the median population will be 134.9 million people with a 90% confidence interval from 125.8 million to 147.4 million people. The median age increases from 39.4 years in 2019 to 44.3 years (41.7 - 47.8) in 2050, however, the promising median age (estimated by the base year 2018) grows to 39.8 (33, 7–43.8). Our estimates show that the optimistic scenarios of demographic development are the scenarios of the most optimistic 5-10% of the demographic trajectories that we analyze. |
| Keywords: | demography, probabilistic demographic forecast, multi-regional demographic forecast, life expectancy, old age threshold, age and sex structure of the population, regional differentiation |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032013&r=all |
| By: | Fokin, Nikita (Фокин, Никита) (The Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | In this paper, a Bayesian error correction model is proposed based on which the change in the trajectory of adaptation of the real ruble exchange rate to equilibrium in response to oil shock after changing the monetary policy regime is estimated. At the end of 2014, the Bank of Russia switched to the inflation targeting regime released the ruble into free float. Against the backdrop of rapidly falling oil prices, the nominal exchange rate devalued by about 2 times. In 2017, the Ministry of Finance introduced a budget rule, according to which, with oil prices above $ 40 dollars in 2017 prices, the currency is purchased for the excess profits, thereby affecting the nominal ruble exchange rate. Given that since 2017, oil prices have not fallen below the threshold level, the budget rule permanently affected the ruble exchange rate. Thus, the current monetary policy regime is not a free exchange rate regime, but a quasi-free or quasi-fixed rate regime. In this paper, the task is to assess how the current regime of the monetary policy affected the reaction of the real ruble exchange rate to the shock of oil prices over the past 5 years. |
| Keywords: | real ruble exchange rate, monetary policy, Bayesian methods |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032012&r=all |
| By: | Kireeva, Anastasia (Киреева, Анастасия) (The Russian Presidential Academy of National Economy and Public Administration); Komarnitskaya, Anna (Комарницкая, Анна) (The Russian Presidential Academy of National Economy and Public Administration); Leonov, Elisey (Леонов, Елисей) (The Russian Presidential Academy of National Economy and Public Administration); Sokolov, Ilya (Соколов, Илья) (The Russian Presidential Academy of National Economy and Public Administration); Tischenko, Tatiana (Тищенко, Татьяна) (The Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | The paper presents the results of a regulatory, economic and empirical analysis of budgetary subsidizing of enterprises of the real economy in Russia, and the analysis of international experience regarding the goals and conditions of the provision of subsidies. Recommendations on models of subsidizing commercial organizations and on a system of criteria for applicants for subsidies, depending on the purpose and objectives of subsidizing, are made based on the results of the analysis. |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032024&r=all |
| By: | Arlashkin, Igor (Арлашкин, Игорь) (The Russian Presidential Academy of National Economy and Public Administration); Barbashova, Natalia (Барбашова, Наталья) (The Russian Presidential Academy of National Economy and Public Administration); Deryugin, Alexander (Дерюгин, Александр) (The Russian Presidential Academy of National Economy and Public Administration); Komarnitskaya, Anna (Комарницкая, Анна) (The Russian Presidential Academy of National Economy and Public Administration); Sokolov, Ilya (Соколов, Илья) (The Russian Presidential Academy of National Economy and Public Administration); Khuzina, Alfiya (Хузина, Альфия) (The Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | The paper presents the results of the analysis of the Russian practice of assessing the budget expenditures of territories in the distribution of equalizing transfers, as well as testing various approaches to assessing the “model budget”. The study allows to formulate specific recommendations for improving the assessment of the “model budget”and the further application of this assessment in the distribution of intergovernmental transfers. |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032026&r=all |
| By: | Куракова Наталья (Kurakova, Natalia) (The Russian Presidential Academy of National Economy and Public Administration); Зинов Владимир (Zinov, Vladimir) (The Russian Presidential Academy of National Economy and Public Administration); Цветкова, Лилия (Tsvetkova, Liliya) (The Russian Presidential Academy of National Economy and Public Administration); Ерёмченко, Ольга (Eremchenko, Olga) (The Russian Presidential Academy of National Economy and Public Administration); Kurakov, Fedor (Кураков, Федор) (The Russian Presidential Academy of National Economy and Public Administration) |
| Abstract: | The paper systematizes the strategies for creating and developing corporate venture capital funds, analyzes the activities of Russian venture capital funds of Softline, Rostelecom, Severstal and others, as well as their interaction with state development institutions to identify key factors for the performance of these funds. |
| Date: | 2020–03 |
| URL: | http://d.repec.org/n?u=RePEc:rnp:wpaper:032001&r=all |
| By: | Polugodina, Maria; Grigoriadis, Theocharis |
| Abstract: | In this paper, we examine the economic and political effects of the breakup of East Prussia into what is today Poland, Russia and Lithuania. We explore the dissolution of imperial regions into the boundaries of modern states, adding new insights to the research on the imperial legacies. We expect that German imperial legacies in the form of advanced economic institutions, and specifically East Prussian legacies of nationalistic and conservative political preferences, persist in the territories of former East Prussia in Poland, Russia and Lithuania compared to neighboring regions in their respective countries. We find no pattern of persistence in former East Prussian territories of contemporary Poland, whereas East Prussian persistence appears to be robust in Lithuania. We find strong evidence for the comparative persistence of political preferences in the Kaliningrad region, whereas we observe no economic spillovers. Drawing evidence from West German electoral data in the aftermath of World War II, we find that the presence of East Prussian refugees is conducive to conservative and nationalist support in the FRG. Hence, the East Prussian legacy relates primarily to the persistence of political preferences and migrating agents. |
| Keywords: | institutions,political economy,political preferences,migration,East Prussia,West Germany |
| JEL: | F14 N74 O52 P51 |
| Date: | 2020 |
| URL: | http://d.repec.org/n?u=RePEc:zbw:fubsbe:20208&r=all |
| By: | International Monetary Fund |
| Abstract: | Thanks to recent reforms, Moldova entered the current crisis with strong fiscal, financial, and external buffers. However, the economic outlook has deteriorated sharply due to the COVID-19 pandemic. GDP is expected to fall by 3 percent due to lower external and domestic demand, aggravated by a significant slowdown in remittances. This, together with negative shocks to confidence and spillovers from global financial channels, has created an urgent balance of payments need. Fiscal, exchange rate, and financing pressures—already significant—are likely to worsen in the coming weeks. On March 11, the Executive Board concluded the 2020 Article IV consultation and completed the final review under the 2016 ECF/EFF arrangements. |
| Date: | 2020–04–22 |
| URL: | http://d.repec.org/n?u=RePEc:imf:imfscr:20/129&r=all |
| By: | Abuselidze, George |
| Abstract: | In the work it is focused on the determining factor of interbank competition, the level of competitiveness between banks and legislative regulations. They are also studied in the banking system of Baltic states. The purpose of the work is to identify existence of interbank competition, its causing reasons determining and reviewing regulatory ways, as well as identifying the impacts of National Bank regulations and developing recommendations. During the survey, in-depth analysis of the issue, to identify the existing problems and determine the ways of its solution, to comprehend the comparative analysis, conclusions and recommendations, was studied Georgian and EU (including the Baltic countries) public information about commercial banks, regulation documents, internet sources, which are characterized by a high degree of reliability. At the final stage, it was evaluated the existence of competition in the Georgian banking system and determined its stimulating factors. |
| Keywords: | Central Banks and their policies; Commercial banks; Interbank competition; EU; Georgia |
| JEL: | E52 E58 G21 G28 |
| Date: | 2019 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:99899&r=all |
| By: | Joshua Aizenman; Yothin Jinjarak; Donghyun Park; Huanhuan Zheng |
| Abstract: | We analyze the sovereign bond issuance data of eight major emerging markets (EM) - Brazil, China, India, Indonesia, Mexico, Russia, Turkey and South Africa - in 1970-2018. Our analysis suggests EMs are more likely to issue local-currency sovereign bonds if their currencies appreciated before the global financial crisis of 2008 (GFC). Inflation-targeting monetary policy regime increases the likelihood of issuing local-currency debt before GFC but not after. EMs that offer higher yields are more likely to issue local-currency bond after GFC. EM bonds which are smaller in size, shorter in maturity, or lower in coupon rate are more likely to be issued in local currency. Future data will allow us to test and identify structural changes associated with the COVID-19 pandemic and its aftermath. |
| JEL: | F21 F31 |
| Date: | 2020–04 |
| URL: | http://d.repec.org/n?u=RePEc:nbr:nberwo:27030&r=all |
| By: | Beblavy, Miroslav |
| Abstract: | This paper briefly analyses the proposal by the European Commission to establish SURE, the ‘European instrument for temporary support to mitigate unemployment risks in an emergency’. The SURE facility would borrow up to €100 billion on the financial markets, lend it to member states to finance short-time work schemes and similar measures, using guarantees from the member states themselves. The analysis makes the point that the scheme should be seen, first and foremost, as a proof of European solidarity to counter hostile propaganda from Russia and China about the EU’s ineffectiveness. It can also have an impact on national policies to deal with the coronavirus and to assist the most damaged and/or fiscally weak member states, but this effect is likely to be limited. Potentially, the most important feature of SURE is that it explicitly refers to itself as the forerunner of a future European Unemployment Insurance scheme. |
| Date: | 2020–04 |
| URL: | http://d.repec.org/n?u=RePEc:eps:cepswp:27036&r=all |