Russian knowledge-intensive services in international trade

Biryukova Olga V.

Article

Russian knowledge-intensive services in international trade

Studies on Russian Economic Development. 2014. Vol. 25. No. 1. P. 77-83.

Biryukova O. V.

This paper reviews the share of the Russian sector of knowledge-intensive services in the global market. The dynamics, structure, and geography of import–export operations in this sector is analyzed. The effectiveness of measures aimed at incentivizing the Russian export of knowledge-intensive services is assessed from the perspective of foreign trade institutions and tax mechanisms.

Priority areas: economics

Language: English

Full text (PDF, 78 Kb)

Keywords: knowledge-intensive services international trade in services

Туристское потребление как перспективная основа развития международной торговли услугами

Хорева Л. В., Карпова Г. А., Васина Е. В. Вестник Сочинского государственного университета туризма и курортного дела. 2011. № 1(5). С. 26-34.

Added: Feb 9, 2013

The Globalization of Knowledge-Intensive Services

Miles I., Miozzo M. In bk.: Handbook of Global Science, Technology, and Innovation. L.: Wiley-Blackwell, 2015. P. 175-194.

The globalization of services plays an important role in the general process of the globalization of science, technology and innovation. Liberalization and advances in information and communication technologies has transformed knowledge-intensive services - not simply improving their trade prospects, but altering how industrial activities are conducted, integrating services and goods and contributing to the unbundling of services activities, their outsourcing and offshoring. These processes allow multiple points of entry for new types of organization, including the expansion of new knowledge-intensive service activities and the development of new international service suppliers. This has implications both for innovations in these activities, and for their role in contributing to innovation systems around the world

Added: Dec 16, 2014

Международный рынок услуг

СПб.: Издательство Нестор-История, 2011.

Added: Mar 24, 2013

Регулирование государственных закупок в международной торговле услугами

Бирюкова О. В., Данильцев А. В. Российский внешнеэкономический вестник. 2015. № 7. С. 31-42.

The article analyses the current regulatory system of public procurement of services. The article considers the relationship between commitments in trade in services under the General agreement on trade in services (GATS) and the obligations in services under the Agreement on Government Procurement (GPA). With the lack of the progress and the uncertainty on development of public procurement regulation of services at the multilateral level, countries tend to use free trade agreements to regulate these issues. The readiness of countries for deeper liberalization of public procurement contributed to inclusion provisions on public procurement into regional trade agreements. Russia will start to negotiate on the accession to the GPA in order to become an active participant in the global procurement market, so the country needs to develop a clear and reliable strategy of participation in the agreement. While developing the strategy it is important to take into account Russian commitments in services under the GATS , as well as the conditions of services single market of the Eurasian Economic Union.

Added: Jul 20, 2015

Перспективы развития персонализированных финансовых услуг в России: эмпирический анализ

Крупкина А. С., Дорошенко М. Е. Деньги и кредит. 2015. № 6. С. 43-51.

The paper suggests the econometric analysis of determinants of demand for and supply of personalized financial services in Russia. The study is based on surveys of providers and business customers of financial services that were conducted by Institute of Statistical Studies and Economics on Knowledge of NRU HSE together with ROMIR research company in 2007–2013. Empirical models support the hypothesis about domination of standardized financial services supply at Russian market. Their providers, though highly innovative in general, tend to generate replicable financial innovations. Russian customers thus have but limited experience with customized financial services. Nevertheless as far as they use services more intensively, their demand for personalized solutions increases. Within this framework Russian financial companies should prepare for meeting the increscent quality competition by diversification of standardized services in the short run and by personalization of services in the medium run.

Added: Jun 23, 2015

Экономика и управление: проблемы и перспективы развития. Сборник научных статей по итогам международной научно-практической конференции г.Волгоград 15-16 ноября 2010 г.

Ч. 1. Волгоград: Волгоградское научное издательство, 2010.

Added: Jan 18, 2013

An Optimal Incentive Contract Preventing Excessive Risk-Taking by a Bank Manager

Penikas H. I. Financial Economics. FE. Высшая школа экономики, 2012. No. 03.

The Basel Committee of Banking Supervision initiated a discussion on the most efficient practices to prevent bank managers from excessive risk-taking. This paper proposes a game-theoretical approach, describing the decision-making process by a bank manager who chooses his own level of risk and effort. If the level of risk implies the variability of the future outcome, the amount of effort applied affects the probability of a positive outcome. Although effort is unobserved for the bank’s stakeholders, the risk level is under control, and is associated with certain indicators such as capital adequacy ratio or leverage level. The risk-neutral utility function of a bank manager and a binary game outcome of gaining profit or loss for a bank are assumed. Starting from the general incentive contract scheme having the fixed and variable parts of remuneration, it is proposed that differentiating the variable part of remuneration is sufficient to motivate bank managers to make fewer risky decisions. More precisely, the variable part of remuneration (e.g. the share of the bank’s profit) needs to be higher in proportion to the higher variance of outcome for the high -risk outcome case to stimulate a bank manager to opt for lower-risk decisions in place of higher-risk situations.

Added: May 3, 2012

Competition impact of market structure: The case of banking services markets in two Russian regions

Anisimova A. I., Muradyan P. A., Vernikov A. V. SSRN Working Paper Series. Social Science Research Network, 2011. No. 1919817.

This empirical paper adds to competition and industrial organization literature by exploring the interplay between industry structure and competitiveness on local, rather than nation-wide, markets. We use micro-level statistical data for banks in two Russian regions (Bashkortostan and Tatarstan) to estimate Herfindahl-Hirschman index, Lerner index, and Panzar-Rosse model. We estimate Panzar-Rosse model in two ways: via the widely used price-equation that accounts for scale effects and then via a revenue-equation that disregards scale effects as suggested by Bikker et al. (2009). We find both regional markets to be ruled by monopolistic competition, although estimation by revenue-equation does not reject monopoly hypothesis for Tatarstan. Existence of sizeable locally-owned and operated institutions does not necessarily lead to higher competitiveness of the given regional market, and the results from non-structural methods of estimation suggest that bank competition in Bashkortostan is stronger than in Tatarstan. Going further away from aggregated analysis we compute Lerner indices in two product segments of Tatarstan – retail and corporate loans – and find that retail segment is significantly more competitive. Local banks exert more market power in corporate loans, while federal branches – in retail loans.

Added: May 14, 2012

Обновляемый образовательный ресурс "Экономическая школа НИУ ВШЭ"

2012.

Added: Feb 22, 2013

На океанских волнах. Россия в мировом кризисе

Уринсон Я. М. Вестник Европы. 2014. № 38-39.

Added: Feb 5, 2018

Modeling policy response to global systemically important banks regulation

Penikas H. I., Titova Y. Financial Economics. FE. Высшая школа экономики, 2012. No. 02.

In this paper we elaborate a simple model that allows for the predicting of possible reactions from financial institutions to more stringent regulatory measures introduced by the Basel Committee on Banking Supervision (BCBS) in regard to global systemically important banks (G-SIBs). The context is framed by a 2011 BCBS document that proposes higher capital requirements for global systemically important banks. We attempt to analyze bank interactions in an oligopolistic market that is subject to demand constraints on loan amounts and additional loss absorbency requirements introduced by the regulator. We distinguish between the bank’s announced funding cost that determines both the loan amount issued and the market interest rate, and the bank’s true funding cost that has a direct impact on retained earnings. We conclude that in a two-stage game both banks will announce the highest funding cost, thus reducing the amount of loans granted (in line with the regulator’s objective), but at the expense of a higher cost of borrowing established in the market. If the game is repeated, then both banks also choose lower loan amounts in the periods prior to the last one in which the declared funding cost is the lowest possible. It should be noted that the designated outcome also coincides with the findings of the Monetary Economic Department of the Basel Committee on Banking Supervision.

Added: May 3, 2012

Применение различных вариантов правила передачи голосов

Карпов А. В., Вольский В. И. Полития: Анализ. Хроника. Прогноз. 2011. № 2. С. 162-174.

Added: Jun 24, 2011

Влияние выбора целей и инструментов политики денежных властей на уязвимость экономик

Трунин П. В., Дробышевский С. М., Евдокимова Т. В. М.: Издательский дом «Дело» РАНХиГС, 2012.

Added: Mar 26, 2013

Правовые институты в России 2000-2007 годах: взгляд со стороны бизнеса

Яковлев А. А. Общественные науки и современность. 2008. № 4. С. 21-37.

Added: Sep 22, 2012