Components of total factor productivity of the Russian economy with respect to other countries of the world: The role of technical efficiency
The article valuates structural changes in the total factor productivity for the GDP of a number of world economies based on two samples in 1990–2010. These estimates are used to study structural changes in the total factor productivity in Russia.
This book provides a unique and timely analysis of the role of structural change in the economic development of Brazil, Russia, India, China, and South Africa (BRICS) with a consideration for the role of industry, and in particular manufacturing. The emergence of BRICS reflects an ongoing change in the international economic order. BRICS now account for very substantial part of global GDP, global manufactured value added and global manufactured exports. The book examines their economic experiences and structural change in BRICS over the past three decades, identifying both differences and commonalities, and deriving lessons for other industrializing countries. Section I contains comparative studies focusing on the commonalities and differences of the experiences of BRICS. Section II includes six country studies providing a more detailed analysis of the long-run experiences of each of the countries. Section III consists of a set of seven thematic studies focusing on specific topics such as global value chains, the role of transnational corporations in the food chain, the role of foreign versus domestic investment, the role of domestic versus foreign demand in economic growth the diffusion of environmental energy technology and the similarities, and the differences in industrial policies pursued in the five countries. The book contains a summary chapter that provides an integrated perspective of the various contributions from the point of view of poverty reduction and development. It asks, whether the patterns of structural change and industrial development that BRICS experienced, had an impact on poverty outcomes, and if so, what where the channels and the consequences?
In the article we represents some results of statistical analysis of the integration activities of the economic sectors Russian Federation in 2008-2012, and also viewed some features of industry segmentation of deals. On the basis of this analysis it is possible to form a qualitative market infrastructure of the corporate control and to work out effective measures belonging to the government policy in the sphere of the sectoral administration of integration activities.
This article is focused upon the survival of democratic regimes and successfulness of democratization. The dynamical mathematical model is presented in the paper. The model’s departing point is the hypothesis of S.M. Lipset and A. Przeworski that the growth of the welfare leads to a mitigation of the interest groups` conflict over the redistribution of resources. This mitigation is met as a result of interrelated processes of broadening of a «compromise space», which is a range of mutually accepted policies, and of a convergence of different groups` preferences over the redistribution in an area of moderate policies.
The presented model illustrates how social capital (more precisely – its component responsible for trust between strangers) and institutional quality favor the stabilization of democratic regimes through the increase of economic productivity and welfare. According to the predictions of the model, total factor productivity (TFP) – understood as the opportunity of individuals and/or firms to cooperate efficiently – increases the overall wealth of the society given the same stock of human capital. It fosters the consolidation of democracy due to reduction of social tensions and improvement of functioning of democratic mechanism of economic policy elaboration. Following these results the hypothesis of positive impact of TFP on the survival of democracy is formulated.
The hypothesis was tested by means of survival analysis on the quantitative database on episodes of democratization («Regimes in the World»). The survival analysis showed that TFP is a significant and important predictor that lowers the risk of unsuccessful ending of the democratization episode (of the return back to more autocratic regime). The increase in TFP on 10 percentage points is ceteris paribus associated to the decrease of risk of leaving the track of democratization in 1.2-1.4 times. The obtained results are robust to the changes in the model specification or in a list of control variables.
The monograph is focused on the issues relevant to the origination and development of the Russian defence industry complex. The adopted historical approach facilitates a profound analysis of its current state and prospects of defence industry modernization. The identified dynamics and trends of the structural changes in the defence industry complex manifest their synchronism with the changes occurring in the public management structure.
The study is intended for executive and engineering staff of the defence industry complex.
The goal of this study is to examine the performance of the Russian economy during the 2000’s. The authors study sources of economic growth during the period applying growth accounting framework and discussing standard assumptions and statistical problems. The relatively intensive growth of the Russian economy was accompanied by a very slow decline of inflation rates. The Chapter discusses the specific features of the recent consumer price rise and considers several manifestations of inflation persistence during the last decade.
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.