Snowflake model of regional competitiveness- Evidence from Serbia
The competitiveness of the region is ability to be productive and maintain a high standard of living. In this paper, we have created Snowflake model of regional competitiveness considering not only economic and social factors, but also infrastructure, innovations, geo-natural variables, institutional factors, culture and tourism. This model can be applied in any country or group of countries. The model shows the competitiveness of the region in three ways: 1) quantitatively - by the index of regional competitiveness, 2) ranking the region compared to other regions and 3) it possesses visual characteristic - represents snowflake of competitiveness. As part of our analysis, we measured the regions of Serbia. The reason is that Serbia has the largest regional differences in Europe, which was an additional motive to test the model.
The article presents the methodology of a comprehensive research on HEIs’ role in regional development. The methodology was adapted to study the North-Eastern Federal University experience in facilitating Far Eastern Federal District economic and social development. To evaluate the university’s role in facilitating regional development three key dimensions were examined: innovation, education and research, socio-cultural sphere. These dimensions correspond to the federal universities’ functions, and meet development trends of Far Eastern Federal District. A toolkit for analysis of the North-Eastern Federal University development programme effectiveness was developed in the framework of the research. Evaluation of Far Eastern Federal District social and economic development trends and implementation of the North-Eastern Federal University development programme enabled to provide recommendations for the university future development. The research outcomes are of applied nature and can be used for elaboration of the university’s strategic development concept, and amendment of the ongoing university’s development programme. The conducted research creates foundation for the university’s effective contribution to the territory development. The research was conducted in the framework of the project “Analysis of the NEFU’s role in the development of the territory on the basis of the OECD methodology adapted for Russian universities to develop recommendations for enhancement of university’s influence on innovative, technological, educational and socio-cultural development of the region”, implemented within the contract № 1537-09/12, 24.09.2012 by the Institute of International Organisations of the National Research University “Higher School of Economics” and Department for Strategic Development of North-Eastern Federal University in 2012.
The article presents the main outcomes of a comprehensive research on the North-Eastern Federal University role in development of Far Eastern Federal District. The article includes outcomes of the field and desk studies: analysis of statistical data on socio-economic development of the Far Eastern District, self-assessment of North Eastern Federal University departments, surveys on the basis of formalized experts’ interviews and focus groups of various stakeholders. The research revealed the university tangible impact on the city (Yakutsk) and the Republic of Sakha development. However, the university needs a strategy to promote its influence in other Far Eastern regions and strengthen its positions in the Republic of Sakha. The analysis demonstrates that the university possesses necessary capacities to strengthen its positions to generate influence on territorial development in Far Eastern Federal District. However, utilization of the potential would require an agreement on a strategy to go ahead and harnessing of resources. The research is conducted in the framework of the project “Analysis of the NEFU’s role in the development of the territory on the basis of the OECD methodology adapted for Russian universities to develop recommendations for enhancement university’s influence on innovative, technological, educational and socio-cultural development of the region”, implemented within the contract № 1537-09/12, 24.09.2012 by the Institute of International Organisations of the National Research University “Higher School of Economics” and Department for Strategic Development of North Eastern Federal University in 2012.
The intro analyzes and summarizes the most recent development in Russia in different spheres, introduces major scenarios and their drivers, speculates on internal influences and external factors. It descrbes also 'wild cards' - scenarios breakdowns and transitions.
The article analyzes the issue of Russia»s accession to the WTO and the need to improve its national competitiveness. The key competitiveness factors of national economies and the country's rating by the global competitiveness index are determined. The writer believes that the country»s position by the indicator in question could be strengthened by the advanced development of education and improvement of the innovative capacity based on the coordinated actions by the government and private businesses.
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.