2016-й – год побед, что дальше?
Russia is estimated to hold the world's largest technically recoverable shale-oil resources. The conventional oil resource base is still very large, but there are doubts about how much is economically recoverable. Increasing attention is given to unconventional oil. The purpose of the article is to assess whether fundamental conditions for sustainable, profitable production of unconventional oil are in place. Compared to the successful development of unconventional oil in the USA, Russia has several disadvantages. The Russian oil sector is dominated by big companies without the flexibility in methods and decision-making required in very heterogeneous unconventional projects. Infrastructure is less accessible in Russia than in most American projects. On a more fundamental level the relatively poor condition of geological data collections is a serious cost increasing factor, and the system for development and dispersion of new technologies has critical shortcomings. Russia lacks appreciation of risk taking and a corresponding regulatory framework, as well as relevant financial mechanisms. Nevertheless, government documents almost exclusively focus on technology as such as well as on taxation and tax benefits as preconditions for successful development. Without addressing the fundamental institutional problems, the potential for exploiting the resources base will be limited.
The paper examines how the type of ownership affects the efficiency of Russian banks. Using bank-quarter data for selected banks in the period 2004–2015, we combine stochastic frontier analysis (SFA) methodology with an intermediary approach to assess both profit and cost efficiency scores. Our key findings show that foreign-owned banks are the most profit efficient, and state-owned banks efficiently manage costs compared to other banks. These results are robust when we consider these banks in terms of risk preferences and specialization.
The collection of scientific works "Reforming the judicial system in Russia: history and modernity" is dedicated to the 80th anniversary of the Nizhny Novgorod regional court. The presented articles reflect the topical issues devoted to the judicial reform of Russia in historical and modern aspects. The published materials are of interest to the scientific community, law enforcement officers, teachers, graduate students, undergraduates, adjuncts, students.
The paper examines the role of migration in Russia in achieving the government's strategic goals of population growth and ensuring natural growth by 2024. For the migration forecasting, cohort-component method and the algorithms of replacement migration are used. As a result, annual migration growth of 300-304 thousand people is required to maintain the current population size within next five years. Annual migration growth of 6.0-8.9 million people is needed to ensure natural growth. The last means that the goal will not be fulfilled.
Collection of scientific works "Reforming the judicial system in Russia: history and modernity" dedicated to the 80th anniversary of the Nizhny Novgorod regional court. The presented articles reflect the topical issues devoted to the judicial reform of Russia in historical and modern aspects. The published materials are of interest to the scientific community, law enforcement officers, teachers, graduate students, undergraduates, adjuncts, students.
The article is devoted to the trends and determinants of the transformation of Russian regions' industrial specialization during the period of economic growth. Using the methodology of statistic and econometric analysis it is tested whether the tendency of diversification dominates the tendency of regions’ industrial specialization in 1997-2004 and whether there is a convergence of Russian regions' industrial structures. The considered factors of industries' development in a particular location include the initial industrial structure, inter- and intraregional technologic links between industries, quality of investment climate, R&D potential, international competition.