Межотраслевые исследования российской экономики 1990-2000-х годов. Прогнозно-аналитическая динамика межотраслевых связей реального сектора российской экономики.
The collection contains annotations to the reports of the 42nd international scientific school-seminar named after academician S. S. Shatalin "System modeling of socio-economic processes".
A new dynamic of innovation is emerging around the world in spite of persistent innovation divides between countries and regions. Although innovation cannot cure the most immediate financial difficulties, it is a crucial element of sustainable growth.
To guide polices and to help overcome divides, metrics are required. The Global Innovation Index 2012: Stronger Innovation Linkages for Global Growth is primarily concerned with improving the ‘journey’ to better understanding innovation and with identifying targeted policies, good practices, and other levers to foster innovation.
This year the Global Innovation Index (GII) innovates in two ways:First, it includes an analysis of the underlying factors influencing year-on-year changes in country rankings. Second, the strengths and weaknesses of each economy are clearly identified in country profiles.
The GII project was launched by INSEAD in 2007 to determine how to find metrics and approaches that go beyond traditional measures of innovation. The World Intellectual Property Organization (WIPO), a specialized agency of the United Nations, joined the exercise in 2011 as Knowledge Partner and in 2012 as a co-publisher. The GII draws on the support and expertise of its Knowledge Partners: Alcatel-Lucent, Booz & Company, and the Confederation of Indian Industry, as well as an Advisory Board of 11 eminent international experts.
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.
The paper studies a problem of optimal insurer’s choice of a risk-sharing policy in a dynamic risk model, so-called Cramer-Lundberg process, over infinite time interval. Additional constraints are imposed on residual risks of insureds: on mean value or with probability one. An optimal control problem of minimizing a functional of the form of variation coefficient is solved. We show that: in the first case the optimum is achieved at stop loss insurance policies, in the second case the optimal insurance is a combination of stop loss and deductible policies. It is proved that the obtained results can be easily applied to problems with other optimization criteria: maximization of long-run utility and minimization of probability of a deviation from mean trajectory.