No 4 (2016)
Articles
ON STRATEGIES OF ECONOMIC GROWTH IN RUSSIA
Abstract
In the context of the “new reality”, Russia needs clear guidelines and strategy of economic development of the country.The article aims to identify main approaches to the strategy formulation for economic development of the country and to perform comparative analysis and give the author’s recommendations.Authors employed systematic analysis and economic-statistical methods.Authors have identified the concept of endogenous economic development of Russia that is governing approach to the strategy formulation for the country’s economy. Authors provided interpretation of endogenous growth, which utilizes domestic endowment factors such as education, stocks and capital productivity, the amount of R&D, etc., and favorable exogenous (external) factors to create sustainable economic growth with positive GDP growth per capita. Authors performed the comparative analysis of the concepts of the strategy formulation for economic growth of the Center for Strategic Research, Stolypin club, the country’s leadership.In the process of strategy formulation for economic development, Russia’s real economy must be put at the center of the reproductive system. The banking system must work to satisfy needs real economy. The authors developed reommendations for reforms in the banking system.
RUDN Journal of Economics. 2016;(4):7-19
7-19
IMPACT OF SANCTIONS ON THE GERMAN-RUSSIAN TRADE, ECONOMIC AND INVESTMENT COOPERATION
Abstract
The article investigates the impact of sanctions on the trade, economic and investment cooperation between Russia and Germany. Authors analyze the trends of trade turnover changes between Russia and Germany, as well as between Russia and the European Union for identifying the role of Germany in the regional integration process, and come to the conclusion of the Germany’s domination in the EU trade policy. The authors reveal the fields of cooperation, which are influenced by the sanctions the most, as well as describe their economic effect for Russia and Germany. In conclusion, the authors emphasize the different visions of Germany and in the framework of the European Union with regard to cooperation with Russia, in particular in the investment sphere.
RUDN Journal of Economics. 2016;(4):20-30
20-30
RUSSIAN NATURAL GAS REFORMS AND TRENDS ON THE DOMESTIC AND EXPORT MARKETS
Abstract
Russian natural gas pricing model after several attempts to reform it, particularly since the refusal to bring the industry prices to export parity in 2013, is virtually absent. On the one hand, there is uncertainty about the gas pricing mechanism, the access of independent producers to the unified gas transmission system and export pipelines, as well as export strategy. On the other hand, the concept of a single market within the EAEU is under development, implying not only the legal framework harmonization, but also promoting non-discriminatory access to the gas transportation system and common approaches to gas pricing, thus defining timeline for the new market-based approaches establishment. Both issues raise the question of carrying out a large-scale reform of the Russian gas industry. The purpose of this article is to conduct a comprehensive assessment of the Russian gas industry in the domestic and foreign markets, as well as the analysis of the organization model of the gas industry in terms of pricing, tariffs and gas transportation.
RUDN Journal of Economics. 2016;(4):31-38
31-38
COMPETITIVENESS WITHIN THE EUROZONE: CURRENT STATE AND MAIN INFLUENCE FACTORS
Abstract
This article investigates the directions for the development of national competitiveness in the Eurozone. Ensuring macroeconomic stability in the monetary union require the improvement of national competitiveness. A large divergence in competitiveness constraints deeper European Integration and causes problems for the survival of the Eurozone in the long term. The global financial crisis of 2007- 2009 and the European debt crisis increased economic imbalances in the Eurozone. The undertaken anti-crisis measures were not able to restore competitiveness. The national positions in the Global Competitiveness Index vary significantly in the monetary union. Moreover, higher unit labour costs are not always associated with higher labour productivity. Increases in unit labour costs and consumer prices did not translate in an proportional increase in export prices in many countries.
RUDN Journal of Economics. 2016;(4):39-48
39-48
EXTERNAL DEBT IS A THREAT TO NATIONAL SECURITY?
Abstract
The article is devoted to one of the major problems of modern times - the issue of external public borrowing expansion and the ways public and total debt is managed in different countries.The article provides analytical overview of the current state of the world’s public finances and brief analysis of the global sovereign debt structure. Using the example of developed and emerging markets, the authors show us typical directions of the possible threats to the national economic security, and an acute need to develop effective national strategies for the external debt management.
RUDN Journal of Economics. 2016;(4):49-60
49-60
KONKURENTOSPOSOBNOST' BAKhREYNA V MIROVOY EKONOMIKE
Abstract
Королевство Бахрейн характеризуется стабильными темпами экономического развития, несмотря на замедление темпов роста мировой экономики и ухудшение конъюнктуры на мировом рынке нефти. Сохранение экономической стабильности обусловлено рядом причин. В статье анализируются факторы конкурентоспособности Бахрейна в мировой экономике, в основе которой лежит несколько факторов, прежде всего проводимая политика диверсификации экономики, активное участие в международной экономической деятельности, развитие человеческого капитала и сотрудничество в рамках регионального интеграционного объединения.
RUDN Journal of Economics. 2016;(4):61-74
61-74
DEVELOPMENT OF REGIONAL ECONOMY INNOVATIVE ACTIVITY AS THE CONDITION OF NEOINDUSTRIALIZATION (EVIDENCE FROM PERM KRAI ECONOMY)
Abstract
Author has analyzed innovative activity of regional. It has been considered the Russian and foreign scientists approaches to the concept of ‘innovative activity’. It has been estimated level of financing of regional scientific and technological sphere, carried out the comparative analysis of Perm krai and territorial entities of the RF. Author has concluded that Perm krai has high place for the financial support of regional researchers. The result of the correlation analysis of the influence of the domestic expenditure on research and development of GRP has revealed that research & development costs have the impact on generalized macroeconomic indicator with the lag of three years. It has presented the deterrent to innovative activity in the region. It has determined the direction of the regional economic policy in the context of the innovative activity raising in industry.
RUDN Journal of Economics. 2016;(4):75-89
75-89
IMPROVEMENT OF ORGANIZATIONAL INNOVATION PROCESS THROUGH MOTIVATING ENVIRONMENT CREATION
Abstract
The article is focused on studying the role of motivating environment, based on significance of human and intellectual capital and being as an instrument to increase effectiveness of innovation process in organization. The article has methodology and survey results from representatives of Russian medium and large enterprises in context of estimating innovation level and peculiarities of motivating environment elements realization. The article has conclusion according to which innovation-oriented corporate culture is built on rule of internal competition encouragement and independent planning activities; creativity potential is realized in frames of personnel selection by entrepreneural and initiative abilities; innnovation infrastructure is formed by active feedback; atmosphere of motives and incentives to innovation is supported by material motivation methods.
RUDN Journal of Economics. 2016;(4):90-98
90-98
THE ROLE OF DIGITAL TECHNOLOGY IN THE FMCG
Abstract
At present, in the FMCG sector it has been increasingly used digital-technology. They contribute to the empowerment of the companies in the battle for the attention of the target audience and help communicate the advertising message in the most comfortable environment for consumers. Simultaneous use of both traditional and innovative methods of promotion is capable of not only lead to good, but amazing results. However, like any other marketing tool, digital technology has its own advantages and disadvantages, which are identified in the course of their direct use. In addition, sufficiently developed theoretical basis of the issue, particularly regarding the FMCG sector.
RUDN Journal of Economics. 2016;(4):99-109
99-109
FEATURES OF BRAND POSITIONING IN FASHION INDUSTRY
Abstract
The article concerns the main characteristics of such dynamic and competitive area as fashion industry, highlights the historical aspects of dividing fashion houses in terms of apparel manufacturing (haute couture or pret-a-porte), gives an example of the classification that demonstrates brand’s position on the market (from luxury products to mass production). The main part of the work includes the analyses of two competitive brands - Chanel and Dior positioning. The results of the study provide the basis of necessary conclusions and recommendations for developing the universal positioning scheme of brands in fashion industry.
RUDN Journal of Economics. 2016;(4):110-119
110-119
ECONOMETRIC ANALYSIS OF MACRO-INDICATORS OF THE RUSSIAN ECONOMY IN THE PERIOD FROM 2003 TO 2016
Abstract
The primary purpose of this work is the analysis and modelling of the dynamics of the main macroeconomic indicators. Standard tools for parameter identification of trends for macro-indicators and determination of structural changes are applied.The global financial crisis inflicted severe damage to the Russian economy. Despite the efforts to stabilise the situation, the consequences of the crisis could not be overcome. The growth model, which provided economic growth before the crisis, has exhausted itself. The dependence of the Russian economy from minerals export has not diminished, but the return of favourable market conditions declined. In the period after the crisis, the dynamics of the main macroeconomic indicators is characterised as a -shaped curve.And the economic downturn started long before the escalation of the geopolitical situation around Russia, sanctions and contr-sanctions. However, coupled with the drastic reduction the price of raw materials, these external factors have led to regression. In the case of further reducing of investment, the economic growth can not be obtained. But it is necessary not only to overcome the consequences of the current crisis but also to change the economic model.
RUDN Journal of Economics. 2016;(4):120-132
120-132
MACROECONOMIC INTERDEPENDENCE IN THE AGE OF GLOBAL VALUE CHAINS
Abstract
The paper reviews the Conference on International Trade and Macroeconomic Interdependence in the Age of Global Value Chains that took place in Vilnius (Lithuania) in September 2016. The review deals with organisational and professional aspects of the Conference, and analyses main messages of the key speakers of the conference - Richard Baldwin (the concept of “unbundling”) and Marcel Timmer (the idea of decreasing intensity of international trade and defragmentation of international production). The paper includes author’s personal impression of the Conference.
RUDN Journal of Economics. 2016;(4):133-139
133-139