The research was conducted based on the target prices for 6 liquid stocks issued by the 9 leading analysts. Analysis of absolute forecasting ability has not revealed any differences in forecasting ability across analysts. However, certain differences in forecastibility of stocks were found. Analysis of relative forecasting ability has identified the best performing analysts on each of the sub-period under investigation.
The aging of Russian population leads to inefficiency of Pay-As-You-Go system, where the benefits come solely from government taxation of current workers' wages, and seems to be one of the problems of Russian Pension System. This is the overview of Russian demographic settings compared to other countries from US CIA ranking. Long-run instruments of influencing demography in Russia are stated below.
This is the overview of the current situation on the pension market in Russia. Real and nominal pension payment are examined in the article as well as the structure of incomes and expenditures of pensioners and the influence of the source of income. Methods of increasing pension guarantees in Russia are stated below.
In the article it is considered a multidimensional estimation method designed to evaluate projects in the cultural sphere of the city life. The method's dimensions are: city administration's resources, inhabitants' public opinion and informational means accessible to city's dwellers.
Need a gradual transition to apply innovative development of the economy of Russia, the desirability of combining simulation with innovation. Proven impact of intellectual property rights protection. Based on the model with the horizontal and vertical innovation model of endogenous growth through research and development and taking into account the characteristics of the labour market research in Russia are author's modifications to increase cost GDP on research and the protection of intellectual property rights.
The artistic world of Anne Bronte appeared to be a result of creative rethinking of ideas and styles of her predecessors and contemporaries. The writer’s manner has developed under the influences of different traditions and authors. The main ones are the following: it was important for Anne Bronte to refer to the works of English sentimentalists of the XVIII century, to their methods of expressing feelings and emotions and of exploring the human nature; the romantic poet W. Wordsworth turned out to be close to her in the attitude to nature and ways of depicting nature; female novel made a significant impact, as well as the religious allegorical tradition of the XVIII century with G. Bunyan and the Bible. It is interesting to note, that the list of influences and traditions for Anne Bronte’s sisters differs considerably from that of hers.
This article deals with the specific characteristics of educational services rendered by institutions of higher education (universities). It focuses, at first, on the characteristics which are immanent to the services in general and then examines the specific characteristics of the educational services. In doing so, the author of the article considers the phenomenon from two sides: first, as "a benefit (that is, as social-economic category, special social phenomenon) and second, as external manifestation/functioning of this benefit in the world as a result of a human activity which may be defined as one of the existing types of the services. Along with examining general characteristics of the services the author also analyzes the specific characteristics of educational services. Among them, the most important characteristics are: their determining nature, critical importance for the clients, complexity of the objective evaluation of such services, deferred receipt of real results as well as competitive approach used in the process of presenting such services to a customer.