Эффект масштаба в моделях эндогенного экономического роста
The article covers the problems of determining and transforming the composition of assets that ensure the achievement of targeted economic and socially useful goals for the development of the Arctic zone of the Russian Federation. The authors justify the point of view, based on the necessary move away from using economies of scale in its pure form. This shift has two directions. The first one is towards the formation
of the assets, combining the features and characteristics of the best uptodate hightech solutions. The second one takes into account the ‘transformity’, inherent in the traditional economic activities of the peoples of the North and the Arctic region.
The paper analyses the role of ASEAN Business Advisory Council (ABAC) in stimulating transnational commercial exchanges in Southeast Asia as part of the establishment of the ASEAN Economic Community-2025. In like with this analytical focus, the authors start from revealing the specificity of the ASEAN Economic Community as a multilateral project tracing it from AEC-2015 to AEC-2025. The article argues that the role of the ABAC remains and will be defined by the overall evolution of ASEAN’s modality of cooperation reflecting its potential and limitations.
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.