Regional convergence in CEE before and after the Global Financial Crisis
The current state of methods of the solution of boundary problems of mechanics of continuous environments is characterized. It is noted that packages of applied programs applied in engineering practice are based on the methods leading to solutions of boundary problems in the form of massifs of numbers. As a shortcoming the im-possibility of a reliable assessment of an error of such decisions for the majority of complex engineering chal-lenges is noted. As the alternative is stated an essence of a fictitious canonic regions method. It is shown that its application leads to solutions of boundary problems not in the form of massifs of numbers, but in the form of the functions which are identically satisfying with to the differential equations of boundary problems. The main ad-vantage of the fictitious canonic regions method - high precision of received results and possibility of a reliable assessment of their error. The review of stages of development of the fictitious canonic regions method is executed. The review of the works devoted to its application for the solution of scientific and engineering problems is executed.
The article describes the problem of convergence of technical and eco-nomic education through the use of marketing categories. The scheme of inter-action and interpenetration of scientific disciplines at the present stage of devel-opment of society is also presented in the article. The article examines the evolu-tionary forms of the fundamental categories of marketing – the rate of use-value, and the mechanism of convergence of technological and economic education in a bipolar economy.
Hankuk University of Foreign Studies held an international conference which introduced and discussed the case studies and programs of regional experts regarding analyzing regions and areas of development
Technology foresight has been increasingly undertaken by developing countries to identify technologies whose adoption might serve as a platform for future economic growth. However, foresight activities have not, by and large, resulted in well-developed policy initiatives. Three factors are relevant for improvement. First, foresight activities would benefit from being more informed by the convergence literature and global convergence experience over the past several decades, and should therefore incorporate organically the concepts of absorptive capacity and technology gap into foresight exercises. Second, certain preconditions – in particular the existence of a functional national innovation system – enhance the likelihood that foresight exercises will be successful. Third, in order to achieve wide buy-in and promote the sustainability of initiatives generated by the foresight activity, developing countries are advised to consult widely in the foresight process. Policies emanating from foresight activities should additionally address two core challenges: a) a clear definition of those technologies that should be developed internally vs. those that should be sourced from abroad and b) identification of the internal capabilities to be developed in conjunction with those technologies targeted for acquisition from abroad.
Statistical studies of EU, EU – 15, OECD exports and imports of goods and services time series are conducted under globalization, trends are analysed.
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.
The historical changes in Central and Eastern Europe demanded suitable paths for the transition from centrally planned to market based economies. The lack of relevant experience added to the challenge, giving rise to the incalculable risks of implementing untested policies. By focusing on monetary policy, trade, and convergence, this volume addresses some of the most urgent economic policy issues in the transition economies of Central and Eastern Europe and beyond.
The article reveals the problem of convergence of direct and inverse problems in Earth Sciences, describes the features and application of these problems, discloses analytical features of direct and inverse problems. The convergence criteria and conditions for convergence were presented. This work is supported by the Grant of the Government of the Russian Federation for support of scientific research, implemented under the supervision of leading scientists in Russian institutions of higher education in the field "Space Research and Technologies" in 2011–2013.
This thought-provoking monograph analyzes long- medium- and short-term global cycles of prosperity, recession, and depression, plotting them against centuries of important world events. Major research on economic and political cycles is integrated to clarify evolving relationships between the global center and its periphery as well as current worldwide economic upheavals and potential future developments. Central to this survey are successive waves of industrial and, later, technological and cybernetic progress, leading to the current era of globalization and the changes of the roles of both Western powers and former minors players, however that will lead to the formation of the world order without a hegemon. Additionally, the authors predict what they term the Great Convergence, the lessening of inequities between the global core and the rest of the world, including the wealth gap between First and Third World nations.
Among the topics in this ambitious volume:
· Why politics is often omitted from economic analysis.
· Why economic cycles are crucial to understanding the modern geopolitical landscape.
· How the aging of the developed world will affect world technological and economic future.<
· The evolving technological forecast for Global North and South.
· Where the U.S. is likely to stand on the future world stage.
Economic Cycles, Crises, and the Global Periphery will inspire discussion and debate among sociologists, global economists, demographers, global historians, and futurologists. This expert knowledge is necessary for further research, proactive response, and preparedness for a new age of sociopolitical change.
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.
We address the external effects on public sector efficiency measures acquired using Data Envelopment Analysis. We use the health care system in Russian regions in 2011 to evaluate modern approaches to accounting for external effects. We propose a promising method of correcting DEA efficiency measures. Despite the multiple advantages DEA offers, the usage of this approach carries with it a number of methodological difficulties. Accounting for multiple factors of efficiency calls for more complex methods, among which the most promising are DMU clustering and calculating local production possibility frontiers. Using regression models for estimate correction requires further study due to possible systematic errors during estimation. A mixture of data correction and DMU clustering together with multi-stage DEA seems most promising at the moment. Analyzing several stages of transforming society’s resources into social welfare will allow for picking out the weak points in a state agency’s work.