In recent decades the economies of developed countries were periodically exposed to crises and stagnation. Not only the depression of industrial production affects the development of stagnation, but also the problems in the labor force as well as the issues with creation of human capital. State’s financial and regulatory support are the main tools to overcome stagnation. The aim of this work is to obtain a system of differential equations that describes the change of the update rate of renewable factors of production and productivity in the economy at the approach to the state of stagnation. The papers studies the behavior of factors of production using vector analysis. The author obtained the inequality, which gives the conditions of overcoming the economic stagnation. This inequality shows that the rate of response to the need for investment has more impact on overcoming stagnation than the volume of investments. Production factors are closely interrelated; therefore, overcoming the phenomenon of stagnation in one of the factors does not guarantee the growth of the entire economy.

The accumulation of human capital is an important factor of economic growth. It seems to be useful to include «human capital» as a factor of a macroeconomic model, as it helps to take into account the quality differentiation of the workforce. Most of the models usually distinguish labor force by the levels of education, while some of the factors remain unaccounted. Among them are health status and culture development level, which influence productivity level as well as gross product reproduction. Inclusion of the human capital block to the interindustry model can help to make it more reliable for economic development forecasting. The article presents a mathematical description of the extended dynamic input-output model (DIOM) with a human capital block. The extended DIOM is based on the Input-Output Model from The KAMIN system (the System of Integrated Analyses of Interindustrial Information) developed at the Institute of Economics and Industrial Engineering of the Siberian Branch of the Academy of Sciences of the Russian Federation and at the Novosibirsk State University. The extended input-output model can be used to analyze and forecast development of Russian economy.

One of the promising approaches of macroeconomic modeling and quantitative assessment of the impact of external and internal factors on macroeconomy of a country, which is actively used abroad, is a Bayesian approach to the estimation of vector autoregressions. In this paper we examine Bayesian vector autoregression model (BVAR) to assess the impact of external shocks, such as the price of Brent crude oil, the volatility index VIX and the Shanghai Stock Exchange Composite index, on Russian macroeconomic indicators. The results allow us to estimate the contribution of external factors as a significant in the dynamics of Russia economic variables. This approach can be successfully applied for the analysis of Russian data, which was confirmed by the results presented in the article.

Mass media are not only sector of the economy but also important social institute. However, commercial logic of media companies leads to «under representation» of socially significant topics. Contractual relationship between state and regional media are investigated in this article. Research sample includes informational contracts (N = 5209), signed between state clients and media companies in 2011–2014 in 12 Russian regions. Involvement of commercial media into such contracting relations let us suggest the existence of quasi-market. Within this quasi-market functions of public sector are performed by market mechanism. However, in comparison to «traditional» models of quasi-markets, described in the literature, some peculiarities were revealed in Russian regional media markets. Among them: end users’ failure to influence on the distribution of the contracts between mass media; difficulties to assess effectivity of contracts’ performance; distribution of contracts depending on the loyal relations with state clients; regional inequalities and transformation of the journalists’ role in the society.

The article presents an analysis of modern issues of environmental pollution in the Russian Federation: growth of the pollutants concentration in the atmosphere, decrease in the quality of water, growth in the annual production and consumption waste generation etc. The authors present the load forecast for water and atmospheric resources as well as projected trend of waste production for a period of 2016–2020, obtained using dynamic interindustry model with ecological block. Based on the forecast it is concluded that the growth of the environmental load will remain, and in order to prevent it the development of state ecological policies is required.

The article investigates the free electricity market via agent-based modeling. The aim is to create a simple and quite plausible simulation model of the market, where suppliers and buyers, participating in the bilateral auction, learn to submit the most profitable bids. Whereas this kind of simulation models has been developed for the EU and USA markets by foreign researchers, for the Russian market they have not been made yet. The suggested theoretical agent-based model of interaction in the day-ahead market uses Erev and Roth learning algorithm and allows us to calculate and analyze equilibrium price, volume, social welfare and its distribution between buyers and sellers of electricity. The modeling demonstrates that it is possible to lower prices and redistribute social welfare in favor of buyers, provided that the learning agents can submit any bids.

The article presents a comparison of the Agent-Based Multiregional Input–Output Model (ABMIOM) of the Russian economy and a small-size version of the Optimization Multiregional Input-Output Model (OMIOM) from the per-spective of their possible integration for spatial economic research. These models share many similar features, technically and conceptually. The two models regard the economy as a complex system of interdependent compo-nents; both have the same spatial and sectoral structure, similar production technologies. Both allow to perform a structural analysis of processes taking place in the economy in terms of industries and territories. The former is a simulation model, the latter is a linear optimization model; their major differ-ences relate to the methods of modeling the market and price mechanisms and of representing the space. We propose to use a spatial input-output model based on the real data as the source of disaggregated information at the stage of initialization of agent-based models, which opens opportunities of gradual turning them into an experimentation area for the real economy, rather than an instrument for an analysis of an artificial economy.

Ensuring sustainable development of circumpolar regions is prioritized in the current economic conditions in order to realize the sovereignty and national interests of our vast country in the Arctic region. Sustainable socioeconomic development of the regions of the circumpolar zone is impossible without the activation of innovative processes. The possibility of the innovation depends on a variety of factors, one of which is an access to financial resources sufficient in terms of timing and volume. Historically, the main suppliers of financial resources in Russia are banks, which ineffectively participate in the financing of innovative development in the Russian circumpolar regions. Assessment of the potential of the intensification of influence that banks have on innovation processes has shown that it is limited to high-risk innovation, multiplying in a volatile external environment of functioning of economic entities and periodic financial crises. Development of banking financing of innovation and overcoming the existing challenges will allow stimulating innovative development of the circumpolar regions of Russia.

The paper presents a methodical approach to conformity assessment of personnel management functions and their implementation with enterprise development purposes. The purpose of the work is a development of methodical positions on conformity assessment of personal management functions with enterprise goals. The article presents the analysis of approaches to the classification of personnel management functions. A system analysis of compliance of personnel management functions with business goals was carried out. The author defines the principles and methods for compliance evaluation of personnel management functions with regard to enterprise goals. The paper presents rating scale for compliance assessment of personnel management system. The results of conformity evaluation for 9 small enterprises of the Sverdlovsk region are presented. The author offers recommendations for managers and company owners aimed on improving compliance of personnel management functions with business goals. Finally, conclusions are drawn regarding the methods of compliance evaluation and the results of their use in personnel research.

In this paper we propose to look at the «capital» category from the standpoint of the changes that have affected the evolution of the role of capital in production. It implies the emerging shift from an industrial to a financial economy, the decline of critical importance of level of capital intensity and the growing influence of the human factor on the efficiency of production and the development of innovative economy. The growing influence of human factor on the achievement of business goals, the cash flows and profitability of invested capital that is taking place in the second half of the twentieth century is caused by the fact that all these results largely depend on the professional and personal characteristics of a manager. In management theory a great attention is paid to such influence and the role of managerial capital in risk reduction and in growth of return on capital are explored. In our opinion, modern views about the role of the managerial capital in the company functioning create a basis for inclusion of the category of the managerial capital in the totality of the basic concepts of financial theory. Therefore, this article attempts to identify this basis, and to introduce and justify the possible approaches to the managerial capital within the financial theory.

As noted by the academician N. P. Fedorenko, «economic incentives is quite rightly regarded as a force deliberately included in the system of optimal functioning of the economy». Thus, the considered problem is relevant for not only the founders and owners of individual firms and corporations, but also for the economy as a whole.

The purpose of this research is to develop a theoretical and methodological approach to solving the problem of stimulation of entrepreneurship, innovation and investment activity in industrial enterprises (and other organizations) on the basis of economic incentives of their employees, ensuring the implementation of this process.

The problem lies in the construction of such economic mechanism that would provide incentives at not only the level of the Corporation as a whole, but at each firm (enterprise) and division of firm level and would affect the activity of each employee. This mechanism will be viable only if the distribution of the profit received from realization of work and services in all divisions of the enterprise, firms, corporations involved in carrying out such works in accordance with the quantity and effectiveness of their work based on value added. It uses the principle of self-organization and selfgovernment based on the allocation of the final economic result of their activities using specially designed intra-firm, transfer prices.