Costs and Profits of Technological Growth in Russia
This chapter analyzes the technological growth of the modern Russian economy through the prism of evaluating its effectiveness from the position of costs and profits. It also determines the factors of this growth and develops recommendations for managing them in the interests of acceleration of rate and increase of effectiveness of technological growth of the modern Russian economy. While technological growth in Russia shows high effectiveness, the model of technological growth in Russia has its specifics, connected to the unconventional influence of a standard set of the factors on technological growth. The influence of the factor of the number of organizations that implement R&D is insignificant, and the influence of the number of personnel involved with R&D, volume of private expenditures for R&D, and the number of used leading production technologies is negative (reverse). We offer recommendations for increasing the effectiveness of technological growth of the modern Russian economy, which are connected to increase of the volume of state expenditures for R&D (recommended volume – USD 35.09, its growth as compared to 2018 constitutes 191.76%) and increase of the number of developed leading production technologies (recommended number of these technologies – 2350.05, its growth as compared to 2018 constitutes 62.34%).
Effective property rights protection plays a fundamental role in promoting economic performance. Yet measurement problems make the relationship between property rights and entrepreneurship an ambiguous issue. As an advancement on previous research in this paper we propose a new approach to the evaluation of the security of property rights based on direct measures that overcomes some limitations of previous studies. We apply this new metrics to a survey of manufacturing firms in Russia to identify the economic effects associated with the lack of property protection in a transition economy. Our analysis supports the view that there is a close relationship between institutions, property rights and economic growth. Our findings confirm that redistributive risks provide a depressing effect on investment and innovative activity of manufacturing enterprises and potentially result in a huge loss in efficiency and economic growth, which in other institutional settings could have been avoided.
The article justifies perspectives of studying thought genesis on the intersection of psychology of thinking and cultural psychology of personality. The model of features of mature thought is presented based on the synthesis of general psychological ideas of thinking and cultural data of thinking life of the personality. The features include problem orientation, operational complexity and notional richness of the thought. The interpretation of texts as a method of cultural psychology of personality is presented as able to enrich with unique facts and phenomena the psychological approaches to the problem of thinking, expand the cultural genesis context of this problem and expand and individualize psychological approaches to it.
In this paper we study convergence among Russian regions. We find that while there was no convergence in 1990s, the situation changed dramatically in 2000s. While interregional GDP per capita gaps still persist, the differentials in incomes and wages decreased substantially. We show that fiscal redistribution did not play a major role in convergence. We therefore try to understand the phenomenon of recent convergence using panel data on the interregional reallocation of capital and labor. We find that capital market in Russian regions is integrated in a sense that local investment does not depend on local savings. We also show that economic growth and financial development has substantially decreased the barriers to labor mobility. We find that in 1990s many poor Russian regions were in a poverty trap: potential workers wanted to leave those regions but could not afford to finance the move. In 2000s (especially in late 2000s), these barriers were no longer binding. Overall economic development allowed even poorest Russian regions to grow out of the poverty traps. This resulted in convergence in Russian labor market; the interregional gaps in incomes, wages and unemployment rates are now below those in Europe. The results imply that economic growth and development of financial and real estate markets eventually result in interregional convergence.
Eighteen papers, from an international, interdisciplinary workshop on measuring empowerment organized by the World Bank's Poverty Reduction and Economic Management network in 2003, address the challenge of evaluating empowerment and its contribution to development effectiveness. Papers focus on a framework for evaluating how empowerment influences the development process and for analyzing the causal forces on empowerment, with cases from Latin America; women's empowerment as a variable in international development; measuring women's empowerment; an analysis of household and family dynamics; psychological empowerment and subjective well-being; an investigation of the relationship between income mobility and perceptions of subjective well-being related to that mobility, using panel data from Peru and Russia; self-rated power and welfare in Russia; applying Q methodology to empowerment; analytical issues in measuring empowerment at the community and local levels; peace, conflict, and empowerment; measuring empowerment at the community level; mixing qualitative and econometric methods; assessing empowerment at the national level in Eastern Europe and Central Asia; the CIVICUS Civil Society Index; empowerment as a positive-sum game; democracy, good governance, and empowerment; and measuring democratic governance. Contributors include economists, anthropologists, sociologists, psychologists, demographers, and political scientists. Narayan is Senior Adviser in the Poverty Reduction and Economic Management Network of the World Bank. Index.
The modern concept of modernizing Russia somehow reproduce the history of the theory of innovation. The theory of innovation in its development has gone through a least 3 stages. In the first phase (1910 - first half of the 40s) to the forefront issues of understanding the nature of innovation and their role in the development of society over time (long, medium and short periods), the relationship of innovation and long cycles conditions. This period is associated with the names of J.A.Schumpeter, M.I.Tugan-Baranovsky and N.D. Kondratieff. The second stage in the development of innovation theory (second half 1940 - first half of the 1970s) is characterized by the increased role of macroeconomic analysis, in turn, he has at least two substages: the first of which was dominated by the ideas of neo-Keynesians, on the second-neoclassical. The third stage of development of the theory of innovation began in the mid-1970s and proldolzhaetsya to the present. It is characterized by an offensive alternative approach to macroeconomic theory. With a certain degree of conditionality is also possible to distinguish two substages. The first (second half of the 1970s - early 1990s) is characterized by the emergence of new ideas drawn from evolutionary theory, institutionalism (the theory of the firm) and management (innovation management). In the second substage (mid 90s) innovations studied by the methods of systems analysis. The authors are increasingly focused on issues of comparative studies: a comparative analysis of innovation policy in different countries, study the ways and means of forming an effective innovation systems. In the report it is critically considered not only the official point of view, but also M. Porter, K. Ketels work “Competitiveness at the Crossroads: Choosing the Future Direction of the Russian Economy”. Also «The forecast of innovative, technological and structural dynamics of Russian economy till 2030» and RAND Corporation report “The Global Technology Revolution 2020: Trends, Drivers, Barriers, and Social Implications” are analyzed. In this paper institutional preconditions and possibilities of application of the concept of social market economy in the 21st century Russia were analyzed. Basic elements of social market economy are personal liberty, social justice, and economic efficiency.
2011 International Conference on Economics and Business Information (ICEBI 2011) is the premier forum for the presentation of new advances and research results in the fields of theoretical, experimental, and applied Economics and Business Information. Topics of interest for submission include Business Information Systems, Business Performance Management, Management Information Systems, and others.
Institutions affect investment decisions, including investments in human capital. Hence institutions are relevant for the allocation of talent. Good market-supporting institutions attract talent to productive value-creating activities, whereas poor ones raise the appeal of rent-seeking. We propose a theoretical model that predicts that more talented individuals are particularly sensitive in their career choices to the quality of institutions, and test these predictions on a sample of around 95 countries of the world. We find a strong positive association between the quality of institutions and graduation of college and university students in science, and an even stronger negative correlation with graduation in law. Our findings are robust to various specifications of empirical models, including smaller samples of former colonies and transition countries. The quality of human capital makes the distinction between educational choices under strong and weak institutions particularly sharp. We show that the allocation of talent is an important link between institutions and growth.
Twenty-four papers examine the state of early childhood development among sub-Saharan Africa's children. Papers discuss the state of young children in sub-Saharan Africa; positioning early childhood development (ECD) nationally--trends in selected African countries; early childhood care and education in sub-Saharan Africa--what it would take to meet the Millennium Development Goals; brain development and ECD--a case for investment; new threats to ECD--children affected by HIV/AIDS; ECD in Africa--a historical perspective; (mis)understanding ECD in Africa--the force of local and global motives; fathering--the role of men in raising children in Africa--holding up the other half of the sky; ECD policy--a comparative analysis in Ghana, Mauritius, and Namibia; participatory ECD policy planning in Francophone West Africa; responding to the challenge of meeting the needs of children under three in Africa; introducing preprimary classes in Africa--opportunities and challenges; inclusive education--a Mauritian response to the "inherent rights of the child"; parenting challenges for the changing African family; ECD and HIV/AIDS--the newest programming and policy challenge; supporting young children in conflict and postconflict situations--child protection and psychosocial well-being in Angola; strategic communication in early childhood development programs--the case of Uganda; the synergy of nutrition and ECD interventions in sub-Saharan Africa; the impact of ECD programs on maternal employment and older children's school attendance in Kenya; the Madrasa ECD program--making a difference; linking policy discourse to everyday life in Kenya--impacts of neoliberal policies on early education and childrearing; community-based approaches that work in Eastern and Southern Africa; whether early childhood programs can be financially sustainable in Africa; and a tri-part approach to promoting ECD capacity in Africa--ECD seminars, international conferences, and the Early Childhood Development Virtual University. Garcia is Lead Human Development Economist in the World Bank's Human Development Department, Africa Region. Pence is Director of the Early Childhood Development Virtual University and Professor in the School of Child and Youth Care, Faculty of Human and Social Development, at the University of Victoria. Evans is Director Emeritus for the Consultative Group on Early Childhood Care and Development. Index.
Labor productivity is the most important factor in the economic growth of the region. Traditional production functions assess the contribution of labor resources to three-fourths of the total one. But today there are new factors, the inclusion of which in the model is necessary, since they determine the key forces of economic development, identify the direction of regional policy.
Economic growth, according to neoclassical theory and the theory of endogenous growth, is influenced by labor resources: population density, quality of labor, the level of employment, investment in human capital, labor productivity. The role of human capital in the models of endogenous growth is considered at two angles: through the ability to generate knowledge and innovative development and as an independent factor - the accumulation of human capital in the region is the basis of economic growth.
The article analyzes classical and modern approaches to assessing the impact of labor resources on economic growth, shows the role played by production functions in such approaches. The characteristic of the main trends of the economic growth of the Russian regions is given, the analysis of development of labor resources and efficiency of their use is made. Production functions such as the Cobb-Douglas type are constructed for the Russian regions, showing the contribution of labor and capital to economic growth, and the statistical significance of these factors is determined. The study was conducted for 83 regions of Russia for the period from 1995 to 2015.
The study will identify the main trends of the impact of the labor force to economic growth, to form the main conclusions for economic policy in the regions of Russia.
One of the basic factors of economic growth in the information knowledge - based economy is the innovation component determined by the level of intellectual capital usage. Of the specifics in the usage of intellectual capital is that the cost evaluation of intellectual resources on the macro-level as a factor of economic growth is extremely difficult and there are more evaluation possibilities on the micro-level. The risk's estimation based on making use of discount theory.