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Vol 28, No 4 (2017)

Economic Policy

Investments in fixed assets and human capital: Two interconnected drivers of socioeconomic growth

Aganbegyan A.G.

Abstract

This paper highlights the great importance of increasing the share of the knowledge economy in the GDP, which is currently 13% in Russia, compared to 30% in Western Europe and the United States. The accelerated growth in the fixed asset and investment in the knowledge economy at levels of 20–25% and 20%, respectively, by 2020 have been justified. Attention is drawn to the inadequately low, declining level of investment in healthcare in Russia, the GDP share of which is twice as low as in 25 developed countries and 1.5 times lower than in 30 developing countries, which is reflected in the increased mortality rate. The WHO data on the average life expectancy of men has been analyzed; it amounts to only 58.7 years, which is below the age of retirement in Russia. In developed countries, the average life expectancy of men is 13–14 years higher. It has been concluded that, in order to tackle the long-term challenges in human capital, it is necessary to boost labor productivity and increase wages by reducing the groundless differentiation of the population’s income to the level of Western European countries.

Studies on Russian Economic Development. 2017;28(4):361-363
pages 361-363 views

Structural and investment policy as an instrument for modernizing the Russian economy

Ivanter V.V.

Abstract

The article considers the current situation of the structural and technological imbalance in the Russian economy, as well as the nonproportional distribution of the factors of production and financial resources. The need for structural reforms in industrial production and income generation has been shown. The author discusses priorities of structural and investment policy, direction of new technological breakthrough in the long-term national strategy of entering international technological space. Special features of development of key economic sectors have been analyzed. In conclusion, quantitative estimates of economic dynamics in the long term up to 2035 have been given, which are predetermined by implementation of planned measures of structural and investment policy that provides potential for GDP growth until 2035 at a rate of no less than 3.5% on average per year.

Studies on Russian Economic Development. 2017;28(4):364-372
pages 364-372 views

Macroeconomic Problems

The dynamics of capital assets in the economy of the Russian Federation over the post-Soviet period (1992–2015)

Fomin D.A., Khanin G.I.

Abstract

The authors have considered methods for an alternative assessment of the dynamics of capital assets over 1992–2015, which fundamentally differ from those employed by the Russian Federal State Statistics Service (Rosstat), and have presented the results obtained on their basis. Losses of fixed assets incurred by the economy over this period in value terms have also been estimated. The reasons for the current crisis of the Russian economy have been shown in connection with the exhaustion of the Soviet material heritage and ways of handling the crisis have been proposed based on the reduction in household consumption and sharp increase in the share of accumulation and savings.

Studies on Russian Economic Development. 2017;28(4):373-383
pages 373-383 views

Estimation of the production function with the variable utilization of capital assets in the Russian economy

Gil’mundinov V.M.

Abstract

The paper considers the problem of estimating aggregate production functions taking into account the variable utilization rate of the capital assets that act as an unobservable variable for the macro and meso levels. The proposed approach is based on the microeconomic foundations of the producer’s behavior with the appropriate modification of the problem on optimizing the volumes of production inputs and outputs. Parameter estimates have been given for the Cobb–Douglas-type production function and the performance of the utilization rate of the capital assets in Russian economy over 2002–2014. The high statistical dependence of the performance of investment in fixed capital on changes in the utilization rate of the capital assets has been revealed.

Studies on Russian Economic Development. 2017;28(4):384-390
pages 384-390 views

Science and Technology

Nanotechnology and the new technological revolution: Expectations and reality

Koshovets O.B., Ganichev N.A.

Abstract

This paper reviews the existing mechanisms of innovative development in the world economy focusing on emerging technologies markets evolution on the example of nanotechnology. The question has been raised of whether nanotechnologies can provide the core of the new technological revolution, and whether these prospects exist for NBIC convergence. In this connection the development of the global market for nano-enabled products following the 2007–2009 crisis and the reliability of the related development forecasts have been assessed. Particular attention has been paid to peculiarities of nanoenabled product market structure and the impact of stagnating R&D costs in the field of nanotechnology.

Studies on Russian Economic Development. 2017;28(4):391-397
pages 391-397 views

Investment of venture capital in Russia as an important element of transitioning to an innovative economy under sanctions

Trofimova O.E.

Abstract

Features of the development of venture capital markets and factors that affect the venture capital industry in Russia have been analyzed. The main causes of the venture capital market crisis have been examined. Its expected development under the conditions of sanctions and economic decline has been estimated. The role of regional venture funds and imbalances in the innovative development of Russian regions has been considered.

Studies on Russian Economic Development. 2017;28(4):398-405
pages 398-405 views

Regional Problems

Scientific and innovative activities in regions of Northwest Russia

Rumyantsev A.A.

Abstract

The paper presents statistical data on the state of scientific and innovative activities in the regions of Northwest Russia. The dynamics of their main indicators has been analyzed. Scientific factors that affect the effectiveness of innovative activities have been identified. The values of factors and their connection with the final results by region have been determined. The advisability of developing statistical accounting of process innovations and implementation of scientific potential of the region is noted.

Studies on Russian Economic Development. 2017;28(4):406-415
pages 406-415 views

Forecasting of regional economic development and budget based on the example of Irkutsk oblast

Fedotov D.Y.

Abstract

This article discusses the process of forecasting the socioeconomic development at the regional level during budget estimates. The main causes of the deviation of forecast targets from the actual data have been revealed. The influence of inaccuracies during forecasting on the quality of the use of regional budgets has been estimated.

Studies on Russian Economic Development. 2017;28(4):416-422
pages 416-422 views

Industries and Interindustry Complexes

Forecast of energy consumption of vehicles

Eder L.V., Nemov V.Y.

Abstract

The levels of energy consumption of passenger automobiles in different countries around the world have been considered, and the main trends in energy consumption have been analyzed. Several proposals have been made on how to improve the current methodological approaches to forecasting the energy consumption in transport. Mid- and long-term forecasts of the demand for traditional and alternative energy sources for passenger automobiles in Europe and Russia have been elaborated.

Studies on Russian Economic Development. 2017;28(4):423-430
pages 423-430 views

Russian food exports: Trends, opportunities, and priorities

Rau V.V.

Abstract

This paper considers the problems of developing Russian food exports under the conditions of neoglobalization, the formation of interstate and transcontinental free trade zones, and the complication of regional and world economic relations.

Studies on Russian Economic Development. 2017;28(4):431-436
pages 431-436 views

Accelerator effects in the freight car-building industry

Pochukaev K.G.

Abstract

The paper analyzes the internal and external markets of the domestic freight-car-building industry. Investment and innovative components of the industry have been considered. An accelerator effect in the economy on an example of the domestic freight-car-building industry has been described. The relationship between the accelerator effect and the introduction of innovations in industry has been obtained.

Studies on Russian Economic Development. 2017;28(4):437-445
pages 437-445 views

Comparison of the efficiency of different means of transport by direct and indirect consumer costs

Lavrinenko P.A.

Abstract

This article provides a comparative analysis of direct and indirect costs of end consumers who travel by different means of transport, including automobile, bus, plane, rail (traditional and high-speed networks). The analysis has been presented for routes of up to 2000 km in length.

Studies on Russian Economic Development. 2017;28(4):446-449
pages 446-449 views

Social Problems

Social and economic problems of the older generation: Quality of life of the older population

Aizinova I.M.

Abstract

The first part of this published paper has provided a brief assessment of the demographic situation in the world and considers the problems of the health protection of elderly age groups and ensuring of their level of income and material well-being through the state pension system and their own work activities, as well as measures for protecting the interests of elderly people in the consumer sector. The shortcomings of the adopted strategy of action for the benefit of the older generation in the Russian Federation until 2025 have been discussed. The second part of this article will be be published in a forthcoming issue of this journal.

Studies on Russian Economic Development. 2017;28(4):450-457
pages 450-457 views

Foreign Economic Relations

Comparative assessment of state involvement in the economy in OECD studies

Klinova M.V.

Abstract

The role and features of state involvement in the economy have been analyzed based on the system of special indicators of the countries of the Organization for Economic Cooperation and Development (OECD). The change in the nature of state influence on the economic system in the geopolitical context that manifests at the national and international levels has been shown. The state uses various economic policy instruments, including soft power in the form of sanctions and countermeasures, which make it possible to strengthen its control of the economy. In the past two years, this tactic has manifested in Russia’s relations with Western countries.

Studies on Russian Economic Development. 2017;28(4):458-465
pages 458-465 views