Monetary policy in an economy sick with Dutch Disease
Научные труды ЦЭФИР и РЭШ. WP101-1. ЦЭФИР и РЭШ , 2007. No. 101.
Zamulin O. A., Sosunov K. A.
The paper studies monetary policy in an economy, in which the manufacturing sector is ousted completely by the presence of a large natural resource industry. Thus, the economy produces only non-tradable goods, which can complement or substitute imported goods, and the primary shock to the economy comes from the ”uctuations in the world price of the exported commodity. A model of such an economy is calibrated using parameters relevant for Russia, which is an example of an economy sick with Dutch Disease, and several conventional policy rules are considered. It is shown that in absence of a well-functioning “scal stabilization fund, it may be optimal for monetary authorities to respond to the real exchange rate, as the Bank of Russia allegedly does, using purchases of foreign reserves as the policy instrument. The logic of these actions is to replace the absent “scal stabilization policy. In case monetary policy is conducted using an interest rate instrument, there should be no reaction to the real exchange rate and only slight one - to intiation.
Friendly bureaucrats, formal rules and firms' investment decisions: evidence from a survey experiment in Russia
, , International Journal of Emerging Markets 2021 Vol. 16 No. 2 P. 347-369
This paper investigates the links between investment activity and personal contacts for small and medium-sized firms with public officials at the sub-national level in Russia. A list-experiment design, using a survey of 21,000 Russian firms in 2017, was used to evaluate the importance of personal connections with officials for conducting business. A total of 27% ...
Added: September 4, 2020
, , М. : Издательский дом НИУ ВШЭ, 2017
В аналитическом докладе представлены результаты форсайт-проекта «Исследование глобальных вызовов и долгосрочных тенденций инновационного развития в сфере возобновляемых источников энергии», проведенного ИСИЭЗ НИУ ВШЭ при информационной и финансовой поддержке Группы компаний «Ренова». Исследование было сфокусировано на трех тематических областях: преобразование энергии солнца в электрическую; преобразование энергии ветра в электрическую; преобразование энергетической биомассы в тепловую и электрическую энергию. ...
Added: April 4, 2017
, , , Russia’s Water Resources 2030: Plausible Scenarios / Высшая школа экономики. Series WP BRP "Science, Technology and Innovation". 2015. No. 42.
The research presented in this paper focuses on the sustainable use of water resources in Russia based on a Foresight study with a 20-year time horizon. The study uses a scenario-planning method to develop four trajectories: economic depression, economic stagnation, visionary future, and national priority. These four trajectories offer significantly different yet plausible alternative futures. ...
Added: July 24, 2015
, Russia in Global Affairs 2011 Т. 9 № 4 С. 131-141
Over the long period of negotiations on Russia’s accession to the World Trade Organization (WTO), the most debated issue has been the possible consequences of this step for the national economy. Today, when this extensive process is, hopefully, coming to an end, there is an increased interest in other aspects of the problem that have ...
Added: February 25, 2013
, , , Energy 2020 Vol. 213 P. 118725
Cross-subsidy in electric power industry distorts normal pricing without achieving the goals of fair andequitable access to electricity for all and leads to wasteful electricity consumption. The paper focuses onthe analysis of cross-subsidy between the residential and non-residential (industry) electricity con-sumers in Russia and the establishment of economically and socially optimal prices. First, benefits anddeficiencies ...
Added: August 24, 2020
State-controlled "national champions" of the Russian banking market: Concentration, competitiveness, and efficiency
, State-controlled "national champions" of the Russian banking market: Concentration, competitiveness, and efficiency / Social Science Research Network. Series "SSRN Working Paper Series". 2013. No. 2223686.
This paper tries to assess some of the effects from industrial policy of growing state-controlled "national champions" in the Russian banking industry. We look at market concentration and competitiveness and average bank efficiency. A modified method of calculating the indicators of market concentration suggests that main segments of the market have crossed the threshold of high ...
Added: February 25, 2013
, Вестник Института социологии 2018 Т. 27 № 4 С. 44-63
his article1 examines shifts when it comes to employment among Russians during the financial-economic crisis years of 2014–2016, as well as during the years 2017–2018, which Russian scientists have already named the “period of negative post-crisis stabilization”. This article for the most part confirms said thesis. Despite obvious success in certain aspects (for example, unemployment around ...
Added: October 20, 2018
, , Антиномии 2013 Т. 13 № 3 С. 78-95
The authors analyze economic crisis in Spain, which has influenced Spanish real estate sector very negatively, and give recommendations how to overcome it. Through analyzing the data of the Spanish-Russian relations, the authors reveal many potential possibilities for both parties in this sector. Special attention is given to problems of Russian tourism in Spain: the ...
Added: January 29, 2018
State-business relations and participation of firms in public procurement in Russia: an empirical study
, , Journal of Public Procurement 2012 Vol. 12 No. 4 P. 547-572
In this paper, we regard public procurement as an instrument used by the government for indirect support of enterprises. In this context, we have investigated the place that public procurement occupy in statebusiness interrelations. Using data from a large survey of Russian manufacturing enterprises conducted in 2009 we show that in Russia public procurement cannot ...
Added: September 11, 2012
Civil society in modernising Russia. Analytical report of The Centre for Studies of Civil Society and the Non-for-Profit Sector of the National Research University “Higher School of Economics” according to the results of a “Civil Society Index – CIVICUS” project
, , et al., M. : Higher School of Economics Publishing House, 2011
The report “Civil society in modernising Russia” is a concluding analytical document of the ‘Civil Society Index in Russia – CIVICUS’ project run by CIVICUS: World Alliance for Citizen Participation. The report was prepared by The Centre for Studies of Civil Society and the Non-for-Profit Sector of the National Research University “Higher School of Economics”, ...
Added: January 15, 2013
, , Foresight 2017 Vol. 19 No. 2 P. 152-173
Purpose This paper focuses on the long-term situation with water resources, and water sector in particular, analyzed through a Foresight study. The authors attribute particular attention to implication for Russia, which is relatively better positioned regarding the availability of water resources. However, the country still faces challenges related to the protection of water resources, drinking ...
Added: January 25, 2017
, Technological Forecasting and Social Change 2017 Vol. 119 P. 205-210
This paper offers a novel comprehensive conceptualization of Energy Technology Foresight (ETF) in emerging economies, including development trajectories, key methodological tools and elements, major challenges and weaknesses. ETF allows the emerging economies to provide the basis for government's energy policy, to create a common vision among the various actors and to strengthen R&D and innovation ...
Added: June 20, 2016
, Foresight 2017 Vol. 19 No. 2 P. 139-151
Purpose – The purpose of the study is to present and critically assess the outcomes of the Foresight study of the Russian energy sector, undertaken in 2014 in the course of a large-scale national Foresight exercise – ‘Science and Technology (S&T) Foresight 2030’. Design/methodology/approach - Methods applied in the Foresight study include literature review, statistical, bibliometric ...
Added: January 25, 2017
, , , Smart Energy 2021 Vol. 3 Article 100025
The global electric power industry is under pressure due to economic downturn, decreasing demand, lowering energy prices, and growing non-payments. National electric power industries face similar challenges. These challenges pose threats to many other sectors of economy due to ongoing digital transformation. The paper focuses on the Russian electric power industry future development trajectories, as ...
Added: June 7, 2021
, Russia's Water Resources 2030: Policy Recommendations / National Research University Higher School of Economics. Series WP BRP "Basic research program". 2015. No. 44.
The Foresight study presented in this paper is devoted to the sustainable use of water resources in Russia. The authors analyse possible trajectories of development in the three thematic areas (i) sustainability of water systems; (ii) water use by households and in industry; and (iii) new water products and services. The Foresight methods cover expert interviews ...
Added: August 31, 2015
Россия в глобальном мире. Сборник научных трудов 10-й Всероссийской научно-теоретической конференции
СПб. : Издательство Политехнического университета, 2012
Сборник содержит материалы по проблематике: Россия в условиях глобального кризиса: внутренние и внешние угрозы; эволюция взглядов на роль государства в экономии; модель многополюсного мира; преемственность политической власти в России: история и современность; опыт управления развитием по пути национального проектирования; энергетическая безопасность Запада как вызов России; перспективы вступления России в ВТО: экспертные оценки и прогнозы; Россия ...
Added: February 14, 2013
Exports-performance relationship in Russian manufacturing companies: Does foreign ownership play an enhancing role?
, , Baltic Journal of Management 2018 Vol. 13 No. 1 P. 20-40
Purpose - The purpose of this paper is to examine the relationship between export activity and firm performance for a positive impact of foreign direct investments. We also analyse two possible causes of the effect: technology transfer and financial support. The theoretical background is rooted in the resource-based approach taking into account multinational companies’ perspective ...
Added: October 15, 2016
, , , Foresight 2017 Vol. 19 No. 5 P. 528-540
Purpose – The purpose of the study is to show the technical potentials of a variety of renewable energy sources in Russia, as well as benefits from their deployment including hydrocarbon savings, emission reduction and lower energy cost. Design/methodology/approach – In the paper, Russia is compared with other countries in terms of actual installed capacity ...
Added: September 25, 2017
L. : Emerald Group Publishing Limited, 2019
Modeling economic growth in contemporary Russia ...
Added: March 24, 2019
The use of technology platforms as a policy tool to address research challenges and technology transfer
, , , The Journal of Technology Transfer 2017 Vol. 42 No. 1 P. 206-227
The paper analyses technology platforms (TPs) that are seen as a valuable policy instrument to assist a multi-stakeholder formulation and implementation of long-term research and development (R&D) programs in specific technology areas. TP are predominantly initiated by policy-makers to support a wide range of priority technologies through direct funding and indirect support measures, information and ...
Added: April 21, 2014
, International Journal of Computational Economics and Econometrics 2014 Vol. 4 No. 1/2 P. 254 -268
The aim of this research is to identify the process that guides the evolution of inflation expectations in Russia. The significance of this theoretical issue is stipulated by the fact that the characteristics of this process are the key determinants of both inflation dynamics and the effectiveness of disinflation measures introduced by the Central Bank. ...
Added: April 25, 2014
, The Effect of Pension Growth on the Labor Force Participation of Pensioners in Russia / НИУ ВШЭ. Series WP BRP Series "Public and Social Policy". 2019. No. 22/PSP/2019.
This paper examines the impact of the 34% increase in pensions in Russia at the end of 2009 and the beginning of 2010 on the labor market participation of pensioners. Several particular features of the pension system in Russia allow us to estimate the net effect of income from such a reform. For evaluation, we ...
Added: August 8, 2019
, , Динамика структуры рабочих мест в России: поляризация, улучшение, застой? / Высшая школа экономики. Серия WP3 "Проблемы рынка труда". 2022. № WP3/2022/05.
In this study we explore evolution of the job structure in the Russian economy during the first 20 years of this century. Does it change through a consequent substitution of relatively worst (in terms of quality) jobs by better jobs? Or through a destruction of middle quality jobs? Or do we observe stagnation and conservation ...
Added: October 26, 2022
ECONOMIC ANALYSIS OF THE IMPACT OF CLIMATE CHANGE ON AGRICULTURE IN RUSSIA: NATIONAL AND REGIONAL ASPECTS
, , Oxford : Oxfam, 2013
Climate change is already having a negative impact on agricultural production in Russia, especially grain production, since this sector is perhaps the most dependent on weather and climate factors. This report presents an economic evaluation of the impact of climate change on crop production at the national level and a long-term economic evaluation of the ...
Added: July 21, 2016