O. Obraztsova, A. Chepurenko The Development of Russian Private Entrepreneurship in Cross-country Comparison The article summarizes the first results of the participation of the Russian research team in the international comparative project Global Entrepreneurship Monitor (GEM) in 2006-2007. The most important parameters and stages of early entrepreneurial activity and established business in Russia and the group of other participating GEM-countries are described. Some findings concerning the relationship between the population's entrepreneurial activity and the level of national economic development are formulated.
The role of prominent Soviet economist academician A. Anchishkin explores in the article, the 80th anniversary of whose birth we celebrate, in the development of ideas and the formation of economic forecasting in the country at the time when the directive planning acted as a leading tool of economic management. Besides, the special role of A. Anchishkin noted in developing a comprehensive program of scientific and technical progress, an information basis for the development of long-term forecasts for the development of the country, moreover, his contribution to the creation of long-term forecasting methodology and improvement of the statistical basis for economic analysis and economic planning. The authors show that the development of social and economic forecasting in the period after 1991, which has undertaken a number of functions of economic planning, largely relied on the further development of A. Anchishkin's ideas, at the same time responding to the new challenges of developing the Russian economy during its entry into the world economic system.
Inflation targeting in Russia implies maintaining stable low inflation at a level of 4% throughout the country. The presence of structural factors in some regions can determine deviations from the all-Russian inflation, which can lead to different effects of monetary policy in Russian regions. In this paper, we analyze regional heterogeneity of inflation and factors of inflation deviations from the national average, estimate structural levels of inflation in the regions of Russian Federation. These estimates confirm the presence of some regional factors of inflation deviations from the all-Russian indicator, such as the difference in productivity growth of the tradable and non-tradable sectors (Balassa—Samuelson effect), effective exchange rates, real incomes and product stocks. In addition, our results confirm the presence of regions with price growth rate above and below monetary policy target. The results of this research can be used for the development of monetary and communication policies.
The authors analize patterns of development of regulation and supervision in the financial markets on a sample of 50 countries. The calcblations show that a new model of regin integreted system of prudential supervision and regulation in Russia on the basis of the Bank of Russia does not fully take into account the level of development of institutional investors and creates risks of excessive administrative pressure on non-bank financial institutions.
This paper analyzes the basic parameters of monetary development in 2000-2015 in Russia. We provide the systematization of tools and objectives of monetary policy of the Bank of Russia and identify the periods of homogeneity of monetary policy regimes. On the basis of this research we develop the recommendations for further quantitative research aimed at estimation of monetary policy effects in Russia.
The article is devoted to the analysis the effectiveness of the budget spending on the development of military-industrial complex in Russia. The authors assess the impact of re-industrialization policy on the competitiveness of the Russian economy. The research methodology is in the frames of the structural analysis. We investigate the Russian defense industry, basing on the statistics of the federal budget expenditures on national defense, as well as the expertise of government weapons programs. The authors conclude that the implementation of the re-industrialization policy should be perfarmed instead of the eliminating effect of hindering economic development factors. This will mean a policy of supporting inefficient industries and sectors.
The Russian economy is in transition period “from plan to market”, which is characterized by immature institutions and expansion of rentseeking behavior. In this article, the authors consider rent as a possible excess return above the minimum income needed to encourage an agent to implement the actions specified by the principal. In this paper the authors present and analyze the following types of rent: natural, exclusive, political, administrative and transitional. They also consider the consequences of the rentseeking behavior for Russian economy.
The paper considers the contribution of Richard Thaler, Nobel Memorial Prize in Economic Sciences winner — 2017, to contemporary behavioural economics as an independent area of economics research. It covers the interactions of behavioural economics with experimental and empirical research, and the use of behavioural models to explain various phenomena of individual decisions, group interactions, financial market behaviour etc. Specific attention is paid to the practice of behavioural "nudging" and its methodological foundations (libertarian paternalism), as well as the role and place of behavioural research in modern economics in general.
The roundtable took place on May 18, 2018 within the International forum MARX-XXI in commemoration of Karl Marx 200th birth anniversary. The event gathered leading Russian economists representing Lomonosov Moscow State University, Higher School of Economics, Financial University, Russian Academy of National Economy and Public Administration. The participants of the round-table assessed the role of Karl Marx’s heritage studies in the intellectual development of contemporary Russian economists, shared their personal experience in Karl Marx’s “Capital” studies during the special seminar at the economic faculty of Moscow State University, determined the most challenging problems of today, which were raised by Marx, and presented their recommendations on Karl Marx’s works studies in Russian universities.