Вклад нематериальных активов в экономический рост: как меняются оценки при переходе от СНС 1993 к СНС 2008?
Высшая школа экономики , 2021.
Investment in intangible assets is a significant growth driver in the knowledge economy. The work is devoted to assessing the contribution of intangible assets to economic growth. The paper discusses a change in the approach to accounting for intangible assets in the 2008 SNA compared to the 1993 SNA. The 2008 SNA involves expanding production boundaries and considering research and development as the main, not ancillary activity, which is associated with a corresponding additional capitalization of this type of intangible assets. The latter does not in itself mean an increase in the contribution of intangible assets to growth, as well as an increase in growth itself. This will only happen if new assets grow with a high growth rate and have a significant share. The paper compares estimates of the contribution of intangible assets to growth within the 1993 SNA and within the 2008 SNA. The estimates are made using the KLEMS databases. The data for the EU countries are compared in the period 1995–2009 within the boundaries of the 1993 SNA and within the boundaries of the 2008 SNA, as well as data for Russia and the EU countries in the period 2004–2016 within the boundaries of the 2008 SNA. Based on the results of the calculations carried out for most of the countries under consideration, taking into account the expanded list of intangible assets changed the understanding of their role in growth. For Russia, after the transition to the 2008 SNA, estimates of the contribution of intangible assets to growth have increased. However, in European countries the opposite results are observed. For example, for the UK, the inclusion of R&D to assess sources of growth has reduced the contribution of intangible assets. The paper considers the possible reasons for the indicated differences in the obtained results of the estimates.
Sources of long run economic growth of the Russian economy before and after the global financial crisis
, / Высшая школа экономики. Series WP BRP "Economics/EC". 2017. No. 179.
Although a productivity slowdown of the global economy was observed before 2008, it was the 2008 crisis that stimulated studies on its origins. Recent literature suggests inefficient investments in machinery, human capital and organizational processes. This includes skill mismatches and a lack of technology diffusion from advanced to laggard industries and firms. To what extent ...
Added: November 14, 2017
, Russian Journal of Economics 2017 Vol. 3 No. 4 P. 348-365
Although productivity decline in the global economy was observed before 2008, the global financial crisis of 2008 stimulated study of its source. In this context, recent literature mentions inefficient investments in machinery, human capital, and organizational processes. This can include skill mismatch and the lack of technology diffusion from advanced to emerging industries and ...
Added: September 28, 2017
, Review of Income and Wealth 2022 Vol. S1 No. 68 P. 52-70
This paper studies the change in the contribution of intangible assets to economic growth in Russia after applying the Corrado, Hulten and Sichel approach to estimate an extended list of intangible assets. As a result, intangible assets contribution increased from 0.05 p.p. to 0.15 p.p. of 3.28 percent of growth in Russia in the period 2004–2014. These estimates show ...
Added: February 11, 2022
, / The Vienna Institute for International Economic Studies. Series WIIW Monthly report "Monthly report". 2019.
The article reviews long-run sources of Russian economic growth and demonstrates that the stagnation of the Russian economy in the past decade can be considered in the context of the global productivity slowdown. Conventional industry growth accounting shows that in contrast to the transformational recession before 1998, the recent stagnation of 2008-2014 is primarily the ...
Added: March 9, 2019
L. : Routledge, 2018
The world, of late, has seen a productivity slowdown. Many countries continue to recover from various shocks in the macro business environment, along with structural changes and inward looking policies. In contemporary times of growth slumps, various exits and protectionist regimes, this book engages with the study of productivity dynamics in the emerging and industrialized ...
Added: October 7, 2017
, , Вопросы экономики 2015 № 11 С. 30-61
This study considers the influence of structutal change to aggregate labour productivity growth of the Russian economy. The term “structural change” refers to labour reallocation both between industries and between formal and informal segments within an industry. Using Russia KLEMS and official Rosstat data we decompose aggregate labour productivity growth into intra-industry (within) and between ...
Added: October 22, 2015
, , et al., Вопросы экономики 2021 № 6 С. 77-102
We analyze the heterogeneous influence that monetary policy has on the growth rates of real personal income in 79 Russian regions over the period from 2Q2015 to 4Q2019, taking into account some of the channels of monetary policy transmission mechanism and spatial effects. The analysis was performed on the basis of panel data and a ...
Added: June 11, 2021
Предсказание поворотных точек российского экономического цикла с помощью cводных опережающих индексов
, Вопросы статистики 2020 Т. 27 № 4 С. 53-65
The article provides a brief overview of the background of constructing composite leading indicators (CLI) for Russia; the paper defines key indicators which currently are calculated and published monthly; they can be put in practice to monitor the Russian economy. The underlying methodological approaches are analyzed, along with their advantages and disadvantages. The importance of ...
Added: August 25, 2020
, , et al., Вопросы экономики 2021 № 4 С. 5-31
The global economy is in recession due to the pandemic of the coronavirus infection COVID-19. According to available estimates, Russia's GDP in 2020 will fall by 2–8%, so that in its consequences the current crisis may be tougher than the crises of 1998 and 2008. In the coming years, the Russian economy will have to ...
Added: October 8, 2020
, , Журнал Новой экономической ассоциации 2018 Т. 1 № 37 С. 203-212
The paper summarizes the studies on the mechanisms of Russian labor market. The subjects under consideration include unemployment and wages formation, relationship between key labor market variables and inflation, and labor market adjustment to negative shocks. We demonstrate that the general feature of Russian labor market isits high flexibility, which showsitself a gradual decline of ...
Added: April 17, 2018
Развитие современного банковского корпоративного кредитования в условиях экономической и политической напряженности
, Управление экономическими системами: электронный научный журнал 2015 № 78 (6/2015)
This article is about the market conditions of the bank corporate loans’ modifications by the mean of historical analysis of Russian economies evolution. ...
Added: October 27, 2016
, , Национальные интересы: приоритеты и безопасность 2017 Т. 13 № 8 С. 1396-1414
Importance This article reviews discriminatory measures of the Western countries against Russia and Russia’s reciprocal response as protectionism for attaining the economic goals of the countries initiating the restrictions. Objectives The research specifies the existing terminology, demonstrates that sanctions can be imposed only by the supranational organization that has respective authority in relation to its members. We also ...
Added: September 4, 2021
, , et al., Studies on Russian Economic Development 2016 Vol. 27 No. 5 P. 510-517
Based on the simulation of medium-term economic dynamics under conditions of high inflation, the article analyzes the effectiveness of the monetary policy of the Bank of Russia and presents a forecast of economic growth in the near-term outlook (2015–2018) under different scenarios of change in the key interest rate. ...
Added: October 28, 2018
, , Науковедение 2014 № 3(22) С. 118EVN314
The relevance of the topic is supported by high growth of IT-industry and the tendency of commercializing of innovated products. High demand on IT-services and software was a base of its diversification both for corporate and private clients. Nowadays business valuation of IT-companies plays a supported role for managers in performing operational and strategic goals. ...
Added: January 3, 2015
Cambridge University Press, 2016
The balance of the world economy is shifting away from the established economies of Europe, Japan, and the USA, towards the emerging economies of Asia, especially India and China. With contributions from some of the world's leading growth theorists, this book analyses the long-term process of structural change and productivity growth across the world from ...
Added: February 4, 2016
Measuring Economic Growth and Productivity presents new insights into the causes, mechanisms, and results of growth in national and regional accounts. It demonstrates the versatility and usefulness of the KLEMS databases, which generate internationally comparable industry-level data on outputs, inputs, and productivity. By rethinking economic development beyond existing measurements, its contributors align the measurement of ...
Added: August 2, 2019
, Корпоративные финансы 2014 № 4 С. 128-148
This article is the second part of the historical review of the occurrence and development of conceptual approaches to measuring goodwill in economic science since the 70-ies of the 20 century to the present. The problem of goodwill measurement arose in economic science at the end of the 19th century and still discussed in the ...
Added: December 4, 2014
Emerald Group Publishing Limited, 2019
Russia is one of the world's largest growing economies. With this exciting new growth and development, there is a wealth of knowledge to be discovered from the strategies and models being used and created throughout Russia’s economy. Modeling Economic Growth in Contemporary Russia portrays and sets pieces of Russia's growth strategies to produce an extraordinary record ...
Added: April 19, 2019
, / University of Groningen. Series GD "GGDC Research Memorandum". 2012. No. 123.
Russia is an important part of the world economy both now and in the past. Indeed, one would expect an abundance of studies on Russian economic development. In the past, growth and performance in planned economies vis-à-vis the Western world did attract much attention. These types of studies contributed to two revolutions of development thinking, ...
Added: November 15, 2012
, Международный бухгалтерский учет 2015 № 2 (344) С. 12-20
Importance. Among the major accounting problems yet to be solved, accounting for goodwill is the most controversial and therefore requiring priority attention issue. The subject of the article is a historical overview of the origin and development of goodwill as an accounting object. Objective. The purpose of the study is an analysis of the historical experience ...
Added: December 4, 2014
, Корпоративные финансы 2014 № 3 (31) С. 94-104
This article is the first part of the historical review of the occurrence and development of concep- tual approaches to measuring goodwill in economic science since the end of the 19 century to the 70-ies of 20 century. The problem of goodwill measurement arose in economic science at the end of the 19th century and ...
Added: November 17, 2014
, , / Высшая школа экономики. Серия WP3 "Проблемы рынка труда". 2015. № 4.
The paper explores the relationship between structural change and labour productivity growth of the Russian economy. Structural change is considered as the outcome of labour reallocation between industries as well as between formal and informal segments within industries. Using the shift-share analysis, we decompose aggregate labour productivity growth into contributions of intra-industry growth (“within” effects) ...
Added: July 17, 2015
, , , Журнал Новой экономической ассоциации 2017 № 4(36) С. 107-134
In the 21st century intellectual capital (IC) is considered as a source of competitive advantages and as a factor increasing the enterprise value. The question about the significance of IC for reducing the cost of debt in the Russian market is still open. Our paper is devoted to the identification of the process and innovative IC ...
Added: November 8, 2017
Источники роста производительности труда после шоков 1998 и 2008 годов в России в контексте перспектив восстановления экономики после кризиса covid-19
, , et al., В кн. : XXI Апрельская международная научная конференция по проблемам развития экономики и общества. : М. : Издательский дом НИУ ВШЭ, 2020. С. 1-60.
The global economy passes the COVID-19 related crises. For various projections, the output fall in Russia in 2020 will vary from 2 to 8 percent. So, in comparison with the crises of 1998 and 2008, the current shock can be more severe. In the upcoming years the Russian economy will pass the recovery stage, approaching ...
Added: June 4, 2020