RUDN Journal of Economics

Editor-in-Chief: Vladimir M. Davydov, Corresponding member of Russian Academy of Sciences (RAS), Professor, Director of the Institute for Latin America of the RAS

ISSN: 2313-2329  (Print) ISSN: 2408-8986 (Online)

Founded in 1993. Publication frequency: quarterly 

Open Access: Open Access. APC: no article processing charge

Peer-Review: double blind. Publication language: Russian, English

PUBLISHER: Peoples’ Friendship University of Russia (RUDN University)

Journal History

Indexation: Russian Index of Science Citation, Google Scholar, Ulrich's Periodicals Directory, WorldCat, East View, Cyberleninka, Dimensions, DOAJ, EBSCOhost, ResearchBib,Lens, Research4Life, JournalTOCs, British Library, Bodleian Libraries (University of Oxford), Ghent University Library

 

RUDN Journal of Economics is an international peer-reviewed, open access journal for the field of economics and macroeconomics (Economics and Management of the national economy, Finance, World Economy).  

The journal publishes regular original research papers and reviews.

Particular emphasis is placed on applied empirical and analytical work. The journal is open for innovative research approaches and methods.

We focus on the current problems of the global economy.

The journal covers the following topics:

- Macroeconomics, economic theory and politics

- Economic development

- Growth and natural resources

- Labor market and migration

- Monetary and financial economics

- International trade

Our authors are known Russian scholars of economics who represent leading universities, as well as experts from foreign countries, including those from the top European, U.S. and Asian universities.

Announcements

 

2023 template portfolio

Posted: 01.01.2023
No. 1 2023 - "Outlines of global transformations" (full text - until December 01, 2022)
No. 2 2023 - "Challenges for sustainable development: global partnership in a new environment" (full text - until March 01, 2023)
No. 3 2023 - “Modernization and innovation. New Challenges of the World Economy” (full text – until June 01, 2023)
No. 4 2023 - “Education. Science. Digitalization” (full text - until September 01, 2023).
 
More Announcements...

Current Issue

Vol 30, No 4 (2022): NEW TRENDS, STRATEGIES AND STRUCTURAL CHANGES IN THE WORLD ECONOMY

Economic integration and globalization

EAEU and ASEAN: Reasons for differences in FDI inflows with similar integration models
Demina Y.A.
Abstract

In the modern world economy, we can observe, how some regional economic integration associations are becoming centers of attraction for foreign direct investment (FDI), while others are experiencing an acute shortage of them. This situation can be traced when comparing two integration groupings - the Association of Southeast Asian Nations (ASEAN) and the Eurasian Economic Union (EAEU). Information from various media and scientifi publications indicates that the EAEU, of which Russia is a member, today can hardly be called successful in attracting FDI. ASEAN, on the contrary, is the largest recipient of foreign capital among developing countries. In order to actually support this information and determine specifi quantitative discrepancies between the volume of FDI infl to the EAEU and the volume of FDI infl to ASEAN, relevant statistical data were analyzed. It has been proved that the infl of FDI to the EAEU, even during favorable periods of growth, was signifi lower than the infl of FDI to ASEAN. Such circumstances make you think about the reasons that cause them, and also raise additional questions. What are the competitive advantages in ASEAN for attracting FDI in comparison with the EAEU? What can the EAEU do to attract more FDI? To answer these questions, a comparative analysis of the EAEU and ASEAN was carried out, including two stages. The fi stage was to compare their main economic and geographical indicators, and the second stage was to compare them with the position of the motives of foreign investors. It is concluded that the main reasons for the diff in FDI infl to ASEAN and to EAEU are, fi , the stronger position of ASEAN in economic and geographical indicators, and, secondly, the availability of conditions in ASEAN to satisfy almost any of the motives of a foreign investor. The author gives brief recommendations to the supranational bodies of the EAEU on improving conditions for foreign investors.

RUDN Journal of Economics. 2022;30(4):449-466
pages 449-466 views
Priority areas for the creation of scientific consortiums in the EAEU
Belov F.D.
Abstract

The author proposed to open a scientifi consortium on the basis of scientifi and educational organizations located in the member countries of the EAEU. The relevance and importance of creating such a consortium, which are associated with the intensifi of the development of partnerships between the EAEU countries, support for scientifi and technological cooperation between the EAEU countries at the highest state level, as well as the signifi scientifi potential of the EAEU countries and the existing infrastructure, are shown. The author presents priority areas in which scientifi consortiums can be created. Priority areas were determined based on the results of a bibliometric analysis of statistical data on the publication activity of the EAEU countries for 5 years. The analytical service Web of Science Incites was used as an analysis tool. Based on the results of the study, scientifi fronts were identifi - areas with the highest publication activity and citation for each of the EAEU countries. By comparing the directions, the most priority directions for the creation of scientifi consortiums were determined.

RUDN Journal of Economics. 2022;30(4):467-483
pages 467-483 views
Conceptual foundations of the economic security of a regional integration association
Pak A.Y., Andronova I.V.
Abstract

The problem of ensuring the economic security of the state in modern geo-economic realities is becoming an increasingly important issue. The rupture of foreign trade relations, the search for reliable trading partners, as well as building new logistics routes create challenges for the economic security system not only of the Russian Federation, but of the entire Eurasian Economic Union. Despite the fact that the fundamental basis of regional integration may be political interests, it is the positive economic effects that are the key to the long-term successful development of economic integration that can withstand emerging threats. In this article, based on a systematic approach, the essence of the concept of “economic security of a regional integration association” is proposed. Based on the analysis of theoretical approaches to understanding economic security and international economic integration, the features of the economic security of international integration entities are highlighted. The conceptual apparatus is defined - an object, a subject, interests and threats, security measures and a system for assessing regional economic security. It was revealed that the area of economic interests of a regional integration association is less than the area of economic interests of the state, and the area of threats of a regional integration association, on the contrary, is greater than the area of threats of a member state included in the association. It has been determined that the economic security of a regional integration association is a dynamic characteristic of the state of the key elements of the economic systems of the member states of a regional integration association in terms of their ability to withstand emerging external and internal threats and fully perform their functions. At the same time, the basis for ensuring the economic security of an integration association is the formation of a system of convergence of industries of states with a similar level of socio-economic development based on the application of supranational regulation measures in conditions of inclusion in world economic relations.

RUDN Journal of Economics. 2022;30(4):484-498
pages 484-498 views

ECONOMIC AND SOCIAL TRENDS: POST-COVID-19 DEVELOPMENT

Global environmental agenda: Developments ahead, sustainable energy-ecological dimensions for Russia, Japan, and Southeast Asia
Mishchenko Y.V.
Abstract

The study explores the contemporary situation within the global environmental agenda. This topic is vital to humanity and significant in sustainable development for years ahead. It has been already widely acknowledged that if proper measures aimed at environmental protections aren’t taken in the foreseeable future the Earth will face a huge, large-scale, and multidimensional crisis that will affect many aspects and directions of global development ahead. Thus, in 2021, despite the ongoing COVID-19 pandemic, global leaders held several events in the framework of which they made attempts to come closer to understanding and working out new environmental parameters and ecological standards under which the countries will act approximately up to the middle of the 21st century. The goal of eliminating or drastically reducing coal use, as well as focusing on the development of renewable energy sources, are regarded as critical pillars of the new environmental strategies.

RUDN Journal of Economics. 2022;30(4):499-511
pages 499-511 views

INTERNATIONAL TRADE IN THE CONDITIONS OF GLOBALIZATION

The development of e-commerce in China and Brazil: Features and prospects
Koval A.G., Vorozhun A.E.
Abstract

E-commerce has recently become one of the most dynamically developing forms of international trade, accelerating the digitalization of national economies. In this regard, each country has its own features of the e-commerce development. China and Brazil represent leading emerging economies that strengthen regional leadership in e-commerce, and the PRC is also one of the world leaders in this field. The authors conduct the comparative analysis, which emphasizes patterns and trends in Chinese and Brazilian e-commerce and demonstrates what challenges countries face and which factors impact on the expansion of e-commerce on domestic markets and beyond. The paper identifies the dynamics, main players and product structure of e-commerce, features of mobile and social e-commerce, infrastructural problems and their solutions. That allows to highlight the key determinants and prospects for the expansion of e-commerce in the studied countries. The research pays special attention to revealing the specifics of the cross-border e-commerce between China and Brazil, how Chinese companies enter the Brazilian market through e-commerce, and what steps Brazilian firms are taking in this field. The Chinese and Brazilian experiences in the e-commerce certainly represent an important contribution for Russia, which, under the current conditions, looks for the routes to expand its trade flows. E-commerce could become an additional driver for the development of the Russian economic activity and the improvement of the Russian digital economy.

RUDN Journal of Economics. 2022;30(4):512-529
pages 512-529 views
Modern trade relations between the Republic of South Ossetia and Russian regions: Features, trends, barriers, risks
Doroshenko S.V., Dzhabiev V.V.
Abstract

Touches upon the foreign economic interactions of the partially recognized states - the Republic of South Ossetia. The development of states that have arisen, as a rule, as a result of armed conflicts, and are designated in world practice through variousterms (unrecognized states, secessions, de facto states, etc.), has a constant scientific interest. In recent years, research has been updated in the search for factors and mechanisms of self-development of such states, which does not imply absolute economic and social isolation, therefore, one of the mechanisms is external relations and trade interactions. The purpose of this study is to substantiate the features, trends, barriers and risks of export-import relations of the republic with the regions of the Russian Federation. The study was conducted using methods of empirical analysis of statistical data, as well as normative and cartographic analysis and presentation of results. The main sources of analytical information were the site data ru-stat.com. The period of the analysis is January 2013 - January 2022. The analysis revealed the current features and trends of trade relations between Russia and South Ossetia, including the transition of the customs authorities of South Ossetia to the standards of the Eurasian Economic Union; an increase in import volumes and tax revenues from it. There are three types of barriers to increasing imports to Russia - transport and logistics, institutional, and structural. The emergence of certain risks of the foreign trade relations with Russia is not excluded, in particular, the occurrence of pandemics like COVID-19, exchange rate fluctuations of the Russian currency, sanctions pressure. In general, the republic has long-term trade relations with Russian regions, primarily in terms of imports. Nevertheless, the Government of the Republic faces the strategic task of strengthening and increasing trade interactions.

RUDN Journal of Economics. 2022;30(4):530-547
pages 530-547 views
Features of the international fragmentation of production in Boeing company
Kidun E.S.
Abstract

The level of development of the aviation industry is an indicator of the scientific and technical potential of any state and also affects its economic level. This industry practically cannot exist without interaction with other countries, as technical achievements, scientific discoveries, know-how of some countries help other countries to develop the aircraft industry, as well as bring it to a new level. Manufacturers of civil aircraft interact with a large number of suppliers around the world in order to create a quality product. Using the example of Boeing-industry leader, while studying the role of suppliers and the company’s supply chain, the peculiarities of fragmentation of this company and its positive impact not only on the company’s position in the market inside and outside the country, but also on the development of the entire industry as a whole are shown.

RUDN Journal of Economics. 2022;30(4):548-561
pages 548-561 views

REGIONAL ECONOMY

Socio-economic differentiation of border regions by the example of Russia and Finland: Factor analysis
Moroshkina M.V.
Abstract

Border regions in modern conditions have a special status which is determined by the geopolitical position. The Russian-Finnish borderland was characterized by a high level of activity, which provided the border regions with opportunities for economic growth. The development of the border regions of Russia and Finland diff signifi by socio-economic indicators. A comparative analysis will make it possible to assess the existing gap between the territories and identify possible areas for cooperation between the territories. The object of the study is the border regions of Russia and Finland. The aim of the study is to assess the economic development and diff processes of the border regions of Russia and Finland. The study collected a system of indicators to analyze the development of border regions, which made it possible to assess the level of socio-economic development of border regions of Russia and Finland. The analytical work used the data of Rosstat, Finstat, on the basis of which the database on socio-economic indicators of development of border regions was collected. The comparative assessment was carried out by applying the method of factor analysis (L. Thurstone’s centroid method). Analytical work was carried out with the help of the package of applied programs Statistica. Based on a certain set of indicators refl the socio-economic development of the border regions of Russia and Finland, the characteristics were built based on the values of the regions in the space of latent factors and their heterogeneity was assessed. The construction was formed on the basis of the use of factor analysis of integral characteristics that include the socio-economic indicators under study. The conducted study of the assessment of the development of border regions of Russia and Finland has identifi a high level of lagging behind the Russian border regions from the Finnish border regions according to the majority of indicators. An important result is also a signifi diff between Finnish border regions by the cumulative factor “provision of territory with resources”, Finnish border regions showed a signifi gap in relation to each other.

RUDN Journal of Economics. 2022;30(4):562-576
pages 562-576 views
Socio-economic development of the Gorno-Badakhshan Autonomous Region
Garibova F.M.
Abstract

Gorno-Badakhshan Autonomous Region (GBAO) occupies the entire eastern part of Tajikistan, being the largest region of the country in terms of area. Almost the entire territory of GBAO is occupied by highlands, where the Pamir highland system is located. The article highlights some of the causes of the problems that caused the crisis in the region. A review of investment projects of international organizations on the territory of GBAO was carried out. It has been established that the leading sector of the region’s economy is agriculture and industry. The problem of attracting investments for the Gorno-Badakhshan Autonomous Region remains relevant and periodically rises at all levels. Nevertheless, no signifi success has yet been achieved. Experts associate barriers to investment in the region with economic, geographic and political characteristics, as well as the lack of capacity of local entrepreneurs to work with large-scale funding.

RUDN Journal of Economics. 2022;30(4):577-586
pages 577-586 views

INDUSTRIAL ORGANIZATION MARKETS

Economic efficiency of gas industry investment projects in Russia on the example of export gas pipelines
Chernyaev M.V., Boiko A.A.
Abstract

The efficiency of domestic and export supplies of natural gas largely determines the sustainable development of the Russian economy and national security. At present, in the context of sanction restrictions and increasing uncertainty in the global energy market, the theoretical and practical aspects of the economic efficiency of investment projects in the gas industry are of fundamental importance and require further development. The article discusses the theoretical foundations of the category “economic efficiency” and methodological approaches to its assessment on the example of investment projects in the gas industry. A comparative analysis of the standard methodology for determining economic efficiency of capital investments and the methodological recommendations for evaluating the effectiveness of investment projects in the planned and market economics has been performed based on the criteria specified by the authors. A review of published studies on methods for assessing economic efficiency of investment projects in the oil and gas sector has been performed. It is concluded that to assess the efficiency of investments is proposed to use the discounted cash flow method as the main approach, as well as the alternative methods in the papers of Russian authors. Two large-scale projects of the Russian gas industry have been considered, a review of published studies on the efficiency assessment has been performed with emphasis on the external effects due to implementation of the projects under consideration. According to the study results, the uniqueness of the implementation conditions of each gas transportation project, fundamental importance of the influence of non-economic factors on the project implementation and the need to develop assessment methods for the economic efficiency of investment projects were noted with due regard to the uncertainty and risk impact.

RUDN Journal of Economics. 2022;30(4):587-601
pages 587-601 views
Research of the environmental sustainability of enterprises in the oil and gas sector of the Russian economy
Baranova N.M., Loginova D.S.
Abstract

In 2015, the UN Member States took 17 Sustainable Development Goals. Innovative development and environmental protection played a significant role in them. The solution to this problem directly depends on the environmental programs adopted at the state level, competent management, development of environmental innovations and their introduction. This article considers how sustainable development programs at the oil and gas enterprises are implemented to preserve the environment on the example of PJSC Gazprom. PJSC Gazprom, following the principles of sustainable development, combines economic growth and environment preservation. In 1995, PJSC Gazprom adopted an ecological program and gradually solves the environmental problems of the corporation, country and the world. Therefore, the study of some indicators of oil and gas enterprises affecting Russian environmental ecology, on the example of Gazprom Corporation, is relevant. The proceedings of Russian and foreign scientists were analyzed; UNDP’s annual and environmental reports for 2018-2022 were studied; leading Russian oil and gas companies for 2009-2021 and their environmental activities were analyzed to conduct the study. The calculations were carried out using Rosstat (2009-2021), World Bank (2009-2021), PJSC Gazprom (2009-2021). The regression analysis and econometric modeling were carried out through MS Excel and Eviews 12. The linear and exponential models of the innovative component in the environmental protection system were built and studied. It was proved the linear model can be used to build short-term forecasts, while the exponential model turned out to be untenable. PJSC Gazprom invested 658,284 billion rubles in environmental protection and rational use of natural resources, 139,1 billion rubles in R&D from 2009 to 2021. In 2021, PJSC Gazprom fulfilled all of its innovative and environmental objectives and approved Environmental Program until 2024 with an outlook for 2030. The company’s contribution to the implementation of the UN sustainable development goals and objectives amounted to 89,9 %.

RUDN Journal of Economics. 2022;30(4):602-616
pages 602-616 views

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