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World of Economics and Management

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Vol 22, No 2 (2022)
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MACROECONOMIC ANALYSIS: METHODS AND RESULTS

5-22 471
Abstract

Various kinds of punishments and coercion, currently commonly referred to as sanctions, have a long history. After the Second World War, in addition to the UN, a number individual states and groups of states use them not only in order to force others to comply with international law, but also to achieve the goals pursued by sanctions. These goals have included also the elimination of the leadership of the leadership of countries, the change of the political system, the destruction of the economy. The Democratic People’s Republic of Korea (since 1950), the Republic of Cuba (since 1960), the Islamic Republic of Iran (since 1977), the Bolivarian Republic of Venezuela (since 2017) have been living under such sanctions for many years. The USSR was under sanctions pressure, and now is the Russian Federation. The purpose of this work was a political-economic study of the nature of possible strategies for the progressive development of the country’s economy in the conditions of economic, scientific, technological, informational, cultural and educational isolation from a number of states of the world community. The completed research led the author to the conclusion that under unprecedented scale and enormous force of anti-Russian sanctions is advisable for the Russian Federation to focus on reviving its own economy, on solving internal issues and to respond to sanctions with counter-sanctions only to the extent that the latter restrain the progressive development of Russia. In order to do this they should strive to do the following: to increase the population, to raise the standard of living and education, to achieve import and export independence, find new friends and partners, to get away from the American dollar, to create a legislative, business, scientific, educational and information environment favorable for development, to have a developed infrastructure.

23-35 962
Abstract

The study’s objective is to improve the tools for Russia’s economic security monitoring and management based on indicators system scientific and technological security that characterizes innovation and scientific technological progress main areas. The aim of the study is to substantiate scientific and technical security importance and to develop indicators system, that provides monitoring and evaluation within Russian Federation economic security ensuring framework concept.
The study was carried out taking into account the existing theoretical and methodological approaches, as well as practical tools, the main purpose of which is to monitor and manage Russia’s economic security. The basis includes leading scientists’ papers, statistical collections and state institutions official documents. The existing approaches presented in scientific articles and monographs, devoted to scientific progress problems improvement, organizations’ innovative activities problems and monitoring tasks, are summarized.
The necessity of developing new and improving existing tools for monitoring and evaluating the scientific and technical component of economic security is substantiated. Scientific and technological security monitoring indicators system is proposed, which includes five projections.
Presented study results are methodology part of Russia’s scientific and technological security monitoring framework. Paper’s approach for macroeconomic level indicators system development can also be used for economy subject assessment at meso and micro level.

36-54 531
Abstract

The Republic of Buryatia is a region with a contradiction between economic development and environmental protection. Special attention is paid to this problem since industrial processes impact negatively on condition of the Baikal natural territory. The article analyzes the current state of ecological situation in the republic, considers the situation in the sphere of production and consumption waste management, air and surface water pollution. The authors made a forecast of the economic impact on the environment of Buryatia until 2030, which was built with a use of the regional dynamic input-output model with an environmental block. The forecast took into account the consequences of the economic crisis caused by recent geopolitical events. In addition, a number of measures are proposed to ensure the sustainability of “green growth” in the Republic of Buryatia.

MICROECONOMIC ANALYSIS: METHODS AND RESULTS

55-79 365
Abstract

The profitability of the banking system is of great importance for its sustainability and development, as the 2007–2009 crisis has shown. The research on bank profitability and the factors influencing profitability started relatively recently, about thirty years ago. The results of this research have been contradictory, for many reasons. This paper provides a statistical analysis of the profitability of the Russian banking system over the period 2016–2020. The entire banking sample is characterized by a significant impact on banks’ profitability by the size of capital and a significant variability in the profitability of assets. This was the basis for dividing the banking population into four clusters based on the capital size criterion. The statistical analysis of the significance of standard bank determinants across clusters showed that cost and income management are important for all banks, but the significance of other determinants varies across clusters: the importance of loan shares, the ability to use modern technology, etc. differs for banks of different sizes. Nevertheless, the operating mechanisms of all banks in Russia in terms of ensuring profitability of assets remain in working order and from these points of view banks of different size are in roughly the same conditions.

80-100 270
Abstract

The article attempts to determine the possible volume of investments in the case of a hypothetical complete import substitution of radio-electronic industry products and the multiplier effect from it as an element of the Russian economy structural transformation. For the calculations, a set of input-output tables for 2019 published by Rosstat in 2021 was used. The results of the analysis of the state and foreign economic activity of the domestic engineering industry are given for the period 2005–2020, a brief overview of the place of Russia in the world markets of radio electronic products and consequences of sanctions against the industry. They are given as the results of calculations to evaluate possible investments in the radio-electronic industry and the level of influence on the main industries in the case of a hypothetical full import substitution of its products. It is shown that for Russia a complete structural transformation, including import substitution of high-tech products, can take a long period.

101-125 346
Abstract

In recent years, a number of strategic decisions have been made in the field of social infrastructure projects, for the justification and successful implementation of which, the application of adequate tools for project analysis is essential. Currently, the quantitative methods, elaborated and applied in practice to evaluate infrastructure projects, concentrate on the evaluation of the financial (commercial) efficiency of projects. An urgent need to conduct an assessment of the economic (social) efficiency of projects simultaneously arises, being especially important for healthcare projects in the face of modern global challenges. The developed financial-economic model provides with an opportunity to conduct a comprehensive assessment of the financial and social effects of healthcare projects based on world standards adopted in the framework of cost-benefit analysis (CBA) and used in the practice of international financial organizations (World Bank, European Investment Bank, Asian Development Bank) The financial block of the model is focused on the analysis of the return on investment in fixed and working capital, taking into account the terminal value. The economic block of the model includes social and tax effects (along with environmental, price, indirect and other specific social effects). The proposed evaluation tool provides for the simultaneous assessment both the financial and economic efficiency of the outpatient hospital project in the NSO as a flagship project for the development of social infrastructure.

REGIONAL AND INTERNATIONAL ECONOMICS

126-141 298
Abstract

The article is devoted to the problem of assessing the inclusive development of the economy of the Kemerovo Region—Kuzbass, the only coal mining region in Russia where it forms up to a third of the GRP and about 40 % of the income of the consolidated budget of the region. Numerous representatives of various scientific schools have been tracking the trends in the socio-economic development of this territory for 70 years and trying to assess its prospects. In recent years, an inclusive approach to assessing the effectiveness of the development of subjects of the Russian Federation has become increasingly widespread in local science. However, we are not aware of works that would give quantitative estimates of the inclusive development of Kuzbass not only as a particular region of Russia, but also as the only coal industry cluster. This article attempts to quantify the level of inclusive development of Kuzbass during the period 2005–2020. To do this, the authors took the WEF methodology as a basis and adapted the Inclusive Development Index indicators to calculate the regional inclusiveness index using publicly available statistical indicators. The results of the calculations show: in 2005–2020 neither the growth of industrial production, including the growth of coal mining, nor the stimulation of housing construction or projects in the field of scientific and technological development have led to an increase in the index of inclusive development in the Kemerovo region. At the same time, it has been proven that the inclusiveness index in Kuzbass is significantly lower than similar indicators for the development of neighboring regions of Siberia, including those with a similar economic structure. This may serve as a sign of the inefficiency of the current model and the tools used for the development of Kuzbass. The lack of inclusive growth of the Kuzbass economy over the past fifteen years, proved by the authors, casts doubt on the possibility of implementing accelerated growth programs in the Kemerovo region and making breakthroughs in inclusive development in the horizon of at least 10–15 years. The authors argue that there is only one way to resolve this problematic situation – the socio-economic transformation of Kuzbass based on the principles of inclusiveness.

METHODOLOGY AND METHODS OF SOCIOLOGICAL RESEARCH

142-151 245
Abstract

The article deals with the issues of remote employment among young professionals with higher education. The novelty of considering remote work formats directly for young professionals is considered. The results of in-depth interviews with working youth are presented. The issues of whether young professionals have experience of remote work, the difficulties faced by young people in the remote employment format, the demand for young professionals from remote work, the pros and cons of remote work for young people, trends in the modern labor market, the impact of the Covid-19 pandemic on the labor market are being studied. Based on the conducted in-depth interviews, an attempt was made to identify the most relevant trends in the labor market in the field of youth employment, an analysis of the experience of remote work was carried out, an assessment of the problems that young specialists face in remote employment, an analysis of preferences in the employment format, an analysis of the features of the process of adaptation to remote work, an analysis of the impact of the coronavirus pandemic on the attitudes of young professionals. The article notes that one in three young professionals currently work remotely. At the same time, the level of satisfaction with the remote employment format among specialists is quite high. Additionally, the readiness of young professionals for remote work is considered.



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ISSN 2542-0429 (Print)
ISSN 2658-5375 (Online)