The paper analyzes the trend in the development of the creative economy in Russia and estimates the export potential of the Russian creative industries. The author demonstrates that modern concepts of cultural heritage preservation focus on increasing the efficiency of its use and that building creative potential and systematic support of the creative industries is becoming a key task of the strategic development of regions and municipalities in the post-industrial era.
In the article a simple model of stochastic credit bubble is proposed that has been growing over the recent years as a result of the global excess liquidity. That has given rise to formation of a random sequence of debt buyers clusters due to widespread practice of loan repayments with new debt issuance. Greatly increased positive feedbacks in the global market speed up the debt growth via structured financial instruments, and the debt bubble bursts at the critical value of global liquidity. The percolation process demonstrates how asset securitization and financial innovations might direct global system towards collapse. The model makes it possible to estimate the power law probability and time to a global collapse.
This paper presents the first in the Russian literature review of research, devoted to the roles of private and public investment in security in the economics of crime. We describe theoretical and empirical papers that deal with the strength of the deterrence and diversion effects, as well as the interaction between different security measures. Special attention is given to the roles that income inequality and institutional set-up play in the formation of the profile of security measures and the resulting distribution of crime. We also present empirical results based on the Russian regional data, which reveal a significant relationship between inequality and the ratio of private to public security measures, as well as substantial differences between more- and less democratic regions.
Various components of culture have recently been in the focus of economic research. Numerous empirical studies show that cultural norms, as well as religion and language, matter for economic development and have not only statistical but also economic significance. This paper considers various examples of how culture can affect individual values and behavior. It also deals with personal names as a key marker of one’s cultural identity. Overall, the paper contributes to the more profound understanding of a famous notion that “culture matters”, and helps clarify the mechanisms through which culture exerts its influence.
In the article conditions and development of Russian pension system in long-term prospect is analyzed. The author reveals the reasons of the Pension fund deficit and argues that tariff policy imbalance is the basic cause, as well as nonparticipation of a considerable part of able-bodied population in payments in the Pension fund, and the fact that a lot of persons receive labour pension ahead of schedule. Possible measures aimed at reaching financial stability of the pension system are offered in the article.