Европейский город Пермь (Пермский культурный проект)
The research of companies’ territorial strategies allows to specify the entrepreneurs logic of territories choice for the investment by eliminating from the analysis the offshore capital, to reveal the differences in regional strategies of companies in various branches of the economy, to identify the company preferences in territories for different activities, to assess the attractiveness for foreign investors not only regions, but also different types of settlements (all of these tasks cannot be solved on the basis of statistical data). The paper analyzes the location of regional divisions of different types (production, logistics, sales, research, management) of 50 largest foreign companies operating in Russia (Forbes rating). The author confirms the compliance of this location with the existing theoretical ideas about the companies’ territorial strategies, including the importance of key economic centers, hierarchical and wave diffusion, neighborhood effect. The paper shows the differences in investments’ attracting in different types of cities (including the role of million-plus cities in the location of companies distribution centers and research units, small towns in attracting industrial enterprises, the second-third cities of regions in the development of the retail trade), in the wideness of the geography of companies activities in different industries (including the presence of minimum territorial barriers in the food industry and mono-brand retail trade, especially cars), the importance of proximity to Moscow. The article highlights Russian Federation subjects with the maximum degree of allocation of foreign companies.
The experience of the „translation of the culture“ was based with Rilke on the one hand on western book springs, on the other hand, on his short-term travelling to Russia. The sharp Rilkes translations from Russian is "Das Igorlied" and the writer preserved the structural elements from his poetic language. Rilkes „translation of the culture“ has promoted not only the horizon enlargement of the German-speaking audience, but also has enriched his poetic creating and his cultural experience.
Basing on the data of migrant population surplus/decline in Russian cities for the period 1991-2009 the attempt is made to evaluate the impact of the population size of a city as well as the city position in the system of central-peripheral relations on its migration balance. The author also explains the existing migration mobility pattern through hierarchy of cities within a region.
Institutions affect investment decisions, including investments in human capital. Hence institutions are relevant for the allocation of talent. Good market-supporting institutions attract talent to productive value-creating activities, whereas poor ones raise the appeal of rent-seeking. We propose a theoretical model that predicts that more talented individuals are particularly sensitive in their career choices to the quality of institutions, and test these predictions on a sample of around 95 countries of the world. We find a strong positive association between the quality of institutions and graduation of college and university students in science, and an even stronger negative correlation with graduation in law. Our findings are robust to various specifications of empirical models, including smaller samples of former colonies and transition countries. The quality of human capital makes the distinction between educational choices under strong and weak institutions particularly sharp. We show that the allocation of talent is an important link between institutions and growth.
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.