Possibilities and constrains of crowdlending platform development

2021 ◽  
Vol 27 (11) ◽  
pp. 2479-2502
Author(s):  
Evgenii V. POPOV ◽  
Anna Yu. VERETENNIKOVA ◽  
Sergei A. FEDOREEV

Subject. The article addresses crowdlending platforms as an alternative way to invest resources. Objectives. We focus on identifying opportunities and limitations for the development of crowdlending platforms. Methods. The paper draws on the systems analysis tools. It also applies a structure-behavior-result (SBR) model, which enables to characterize the external environment of crowdlending platforms to identify their opportunities and constrains. Results. We identify opportunities and limitations of stakeholders involved in the development of crowdlending, including investors, borrowers, operators of digital platforms, the State and banks. The paper shows that both the demand and supply for the development of crowdlending are created. However, the main limitations in the development of this type of activity are associated mainly with institutional factors. Transparency in the activity of crowdlending platforms will mitigate risks, increase the level of trust of owners and users of resources. The improvement of legislation in this field will help preclude misconduct of economic agents in using this tool. Conclusions. The findings can be used by federal and regional authorities in strategy implementation for the development of small and medium-sized businesses in the Russian Federation, as well as by bodies of legislative power in the development of regulatory framework for collective investment tools dissemination in Russia.

2020 ◽  
Vol 10 (9) ◽  
pp. 2148-2157
Author(s):  
V.V. Oreshnikov ◽  
◽  
Y.S. Aitova ◽  

The article discusses the issues of assessing the level of attractiveness of cities in the Russian Federation. An algorithm for developing the econometric component of the model is proposed. The parameters of analyzing the level of attractiveness of cities for various economic agents have been determined. Among the factors influencing the attractiveness of cities for residents, the population size, housing provision, crime rate, the level of wages and medical provision were identified. Assessment of attractiveness from the standpoint of doing business involves considering production volumes, retail turnover and the number of city residents. The factors of tourist attraction are the characteristics of collective accommodation facilities and the number of corresponding requests on the Internet. In general, the formed regression equations meet the requirements and are applicable for solving problems of predicting changes in the values of the analyzed parameters. An example of the formation of the corresponding regression equation for assessing the level of attractiveness of a city from the point of view of residents is presented. Together with the equations describing the level of attractiveness for other economic agents (business, tourists, etc.), it forms a complex of econometric models, which can be further used as the core of the corresponding software tools. At the same time, this toolkit should also include functional blocks aimed at solving particular problems of its use. The key ones are responsible for generating scenario forecasts, analyzing information, assessing regional ratings and visualizing the results obtained. The research results can be applied by federal and regional authorities in solving problems of territorial development of the constituent entities of the Russian Federation and the country as a whole.


Author(s):  
Viktor Ivanovich Blanutza ◽  

The Government “Digital Economy of the Russian Federation” Program describes future economic development of Russia, its regions and industries. However, this Program has not been scrutinized for the modern economic theories and inner conceptual inconsistencies. Therefore, the purpose of the study is to identify the Program’s conceptual uncertainties which could give rise to the alternative scenarios of the economic development of Russia and to inconsistent managerial decisions resulted in the dramatic differences in unfolding the digital economy in different regions and industries. It has been found that the Program contains three definitions for the digital economy – declared (with the focus on the digital data), latent (with the focus on the digital platforms), and promising (with the focus on the artificial intelligence) ones. The Program’s content was compared with the modern economic theories, which revealed five levels of strategic uncertainty: 1) cluster or platform economy; 2) dispersed or agglomeration economy; 3) linear or circular economy; 4) homogeneous or heterogeneous economic landscape; 5) smart cities, smart agglomerations or smart regions. The reviewed Program lacks a clearly defined priority in the development of the cluster or post-cluster (platform) economy in Russia, which creates the theoretical (conceptual) and practical (connected with the development of the social and economic strategy) uncertainties for the industries and regions. With a stronger focus on the latent definition of the Program, there is a risk of extreme monopolization of the digital markets in Russia by the platform leading companies which are mainly located in Moscow and established with the public support under this Program implementation. The article offers to expand the concept of platform economy with a new type of digital ecosystem – a territorial digital platform to construct regional digital platforms and to develop business-ecosystems around them. It has been found that the digital economy in Russia is developed together with the implementation of the previously adopted spatial development strategy aimed to diminish the inter-regional differences, therefore, the dispersed digital economy should be seen as a promising approach. At the same time, there is a risk to activate the process of extreme territorial concentration of digital economic activities as the reviewed Program contains no measures aimed to disperse the agents of digital economy with any financial and other public mechanisms. One more strategic uncertainty induced by the fact that the Program lacks any priorities in preserving or expanding value chain is connected with linear or circular economy dichotomy. This uncertainty misinforms the domestic economic agents and could lead to the technological retardation of Russia from the leading countries in the circular digital economy. The advent of the artificial intelligence gives rise to the debate about the alternative routes of development with the homogeneous (human only) types of agents or heterogeneous (humans, intelligent machines and human-machine systems) economic landscape. It has been shown that the Program does not regulate the interaction of the different economic agents and the development of the economic landscapes, which could result in the unwanted transformation of the Russian economic space. In connection with the smart territorial units, the conclusion is that the Program does not contain any instructions concerning a preferable theory for the territorial organization of digital economy (smart city, smart region, smart agglomeration). This could lead to the situation when different regions observe different theories, with their implementation violating the equilibrium in the digital economic space of Russia. Interception of all alternative theories gives 48 possible development scenarios for digital economy in Russia. It has been established that Russia is likely to follow the platform agglomeration linear digital economy in homogeneous landscapes and smart cities. It is noted that the development of platform dispersed circular digital economy in heterogeneous landscapes and smart regions is seen to be the most favorable scenario in terms of modern studies and digital economy practices in other countries. The practical value of the study is determined by the adjustment of the existing Program or a development of a new document. Further studies are seen to be performed in the field of finding new uncertainty levels, one of them being “4G-, 5G- or 6G-determined digital economy”.


2019 ◽  
pp. 21-38
Author(s):  
Alexander N. Deryugin ◽  
Ilya A. Sokolov

The paper analyzes the impact of the “model budget” on the problems of intergovernmental relations in the Russian Federation: a high proportion of expenditure obligations of regional and local budgets and a high degree of interregional inequality in fiscal capacity and socio-economic development. It was concluded that the planned broader use of the “model budget” will not solve the problem of unfunded mandates and will lead first to a significant reduction in incentives for regional authorities to develop the territorial revenue base, and then to economic slowdown in the country. As an alternative approach to improving intergovernmental relations, options are being considered for adjusting the parameters of the equalization transfers distribution formula, the procedure for determining their total volume and calculating the budget expenditure index. In solving the problem of unfunded mandates, an equally important role is given to the procedure for preparing a financial and economic rationale for draft laws.


2020 ◽  
Vol 26 (11) ◽  
pp. 2410-2426
Author(s):  
A.N. Savrukov ◽  
N.T. Savrukov

Subject. This article examines the set of economic relations and problems emerging within the spatial development of settlements and constituent entities of the Russian Federation. Objectives. The article aims to develop key indicators and methods for assessing transport accessibility, potential market capacity, taking into account socio-economic characteristics, geographical location and the level of connectivity of areas. Methods. For the study, we used the methods of economic, statistical analysis and synthesis, comparison, and the k-means method. Results. The article proposes a system of cost-benefit equations for economic agents, and criteria, and a methodology for assessing the Transport Accessibility Index. Based on the clustering of Russian subjects by k-means, the article describes four groups of regions by level of transport accessibility. Conclusions and Relevance. The practical use of the approach presented to assess the Transport Accessibility Index will help form the basis for management decisions aimed at improving efficiency in the planning of spatial development and assessing the socio-economic effects of the proposed measures. The developed Transport Accessibility Index should be used as part of the analysis and monitoring of the effectiveness of infrastructure expenditures affecting changes in the transport accessibility of settlements within individual regions (municipalities).


2020 ◽  
Vol 2 (8) ◽  
pp. 83-87
Author(s):  
B. Kh. ALIYEV ◽  

In the Russian Federation, the problem of budget planning becomes especially relevant when the pace of economic development slows down. The article examines the features of the formation of regional budgets, using the example of the budget of the Republic of Dagestan. The analysis of incomes to the budget is carried out. The role of regional taxes in the formation of budget revenues of the Republic of Dagestan is revealed. According to the results of the study, it can be concluded that the budgetary policy of the regions at the present stage of development of the Russian economies does not contribute to a further increase in the rates of economic growth. The article offers recommendations for improving the regional budgetary policy of the Russian Federation and increasing the responsibility of regional authorities.


Author(s):  
Marvin Drewel ◽  
Leon Özcan ◽  
Jürgen Gausemeier ◽  
Roman Dumitrescu

AbstractHardly any other area has as much disruptive potential as digital platforms in the course of digitalization. After serious changes have already taken place in the B2C sector with platforms such as Amazon and Airbnb, the B2B sector is on the threshold to the so-called platform economy. In mechanical engineering, pioneers like GE (PREDIX) and Claas (365FarmNet) are trying to get their hands on the act. This is hardly a promising option for small and medium-sized companies, as only a few large companies will survive. Small and medium-sized enterprises (SMEs) are already facing the threat of losing direct consumer contact and becoming exchangeable executers. In order to prevent this, it is important to anticipate at an early stage which strategic options exist for the future platform economy and which adjustments to the product program should already be initiated today. Basically, medium-sized companies in particular lack a strategy for an advantageous entry into the future platform economy.The paper presents different approaches to master the challenges of participating in the platform economy by using platform patterns. Platform patterns represent proven principles of already existing platforms. We show how we derived a catalogue with 37 identified platform patterns. The catalogue has a generic design and can be customized for a specific use case. The versatility of the catalogue is underlined by three possible applications: (1) platform ideation, (2) platform development, and (3) platform characterization.


Author(s):  
Olga S. Demchenko ◽  
◽  
Yulia Yu. Suslova ◽  
Svetlana K. Demchenko ◽  
Sergey A. Zhironkin ◽  
...  

The article presents an original Keynesian-institutional approach to studying the macroeconomic dynamics of a transitional economy (on the example of Russia). The article proposes theoretical provisions related to the inclusion of an assessment of the institutional factor in the distribution of national income, as well as an authorial approach to modeling the relationship between institutions and aggregate demand based on the construction of linear regression equations, including changes in consumption, investment and institutional environment. Currently, economists have a desire to revise the mainstream and increase the requirements for the explanatory ability of macroeconomic models. The views widespread in economic theory are increasingly criticized due to the predominance of econometric analysis over qualitative interpretations, the unrealistic hypotheses of the rationality of economic agents’ behavior and the perfection of market mechanisms based on the assumption that it is possible to predict the future based on an analysis of the past. In order to solve the indicated problems, it is often proposed to use synthetic theories that combine the achievements of several schools of economic thought. One of these synthetic theories is Keynesian-institutional synthesis. The proposed approach is applied to assess the macroeconomic dynamics of the Russian economy, in which a decrease in consumption and investment volatility have been observed over the past five years, which is associated with macroeconomic stabilization and the development of social support institutions. However, the expectations of economic agents are rather unfavorable, and further measures are needed to stabilize aggregate demand. According to the analysis of official statistics, institutional factors significantly affect aggregate demand, but are not of priority. At the same time, the general conditions of the institutional environment have a stronger effect on investment than on consumption. On this basis, it has been concluded that the progress of institutions can not only accelerate economic growth, but also increase macroeconomic risks; therefore, it increases the responsibility of politicians for decisions in the field of economic regulation.


Author(s):  
Antonina Tsvetkova ◽  
Britta Gammelgaard

PurposeThe purpose of this paper is to explore how supply chain strategies emerge and evolve in response to contextual influence.Design/methodology/approachA qualitative single-case study presents the journey of a supply chain strategy, conceptualised as the idea of transport independence in the Russian Arctic context. Data from 18 semi-structured interviews, personal observations and archival materials are interpreted through the institutional concepts of translation and editing effects.FindingsThe study reveals how supply chain strategies evolve over time and can affect institutional factors. The case study further reveals how contextual conditions make a company reconsider its core competencies as well as the role of supply chain management practices. The findings show that strategy implementation through purposeful actions can represent a powerful resistance to contextual pressures and constraints, as well as being a facilitator of change in actual supply chains and their context. During the translation of the idea of transport independence into actions, the supply chain strategy transformed itself into a form of strategic collaboration and thereby made supply chains in the Russian Arctic more integrated than before.Research limitations/implicationsMore empirical studies on strategy implementation in interaction with contextual and institutional factors are suggested. An institutional process perspective is applied in this study but the authors suggest that future research should include a human dimension by an exploration of day-to-day routines and challenges that employees face when strategising and the actions they take.Originality/valueThe study provides an understanding of how a new supply chain strategy emerges and how it changes during implementation. In this process-oriented study – merging context, process and strategy content – it is further shown that a supply chain strategy may affect the context by responding to contextual and institutional challenges.


REGIONOLOGY ◽  
2021 ◽  
Vol 29 (2) ◽  
pp. 250-282
Author(s):  
Vladimir V. Klimanov ◽  
Sofia M. Kazakova ◽  
Vita A. Yagovkina

Introduction. The development of modern Russia is characterized by a high degree of differentiation in the level of socio-economic development of the constituent entities of the Russian Federation. Interregional cooperation is one of the tools to overcome this differentiation. Although new forms of such cooperation have been emerging, its potential remains underestimated. The purpose of the study is to analyze the existing and prospective forms of cooperation between the regions of Russia. Materials and Methods. The study based on a structural and substantive analysis of regulatory legal acts of the federal and regional levels, as well as on strategic planning documents, various forms of budget reporting, bilateral and multilateral agreements between the constituent entities of the Russian Federation aimed at identifying various areas, tools and mechanisms for ensuring interregional cooperation. Results. The authors have considered the tools of interregional cooperation that involve direct financial participation of regional authorities or economic entities. The role and prospects of horizontal subsidies and budget loans provided by one region to another have been identified, their legal and regulatory justification has been given; a financial assessment has been made, and the identified practices have been analyzed. In terms of the implementation of public procurement from suppliers based in other regions, the authors have estimated the degree of how closed or open the constituent entities of the Russian Federation are. Discussion and Conclusion. The authors have confirmed the idea that interregional cooperation in Russia is still underdeveloped and lacks legislative and scientific-methodological justification. The authors also assess the prospects for further development of interregional cooperation in Russia and suggest a number of measures to promote it. The results of the study can be used in the interests of the authorities to improve the system of regulation of various mechanisms of regional cooperation, as well as to develop the scientific potential in this area.


2020 ◽  
Vol 2020 (1) ◽  
pp. 76-81
Author(s):  
S Rabkin

Using the main elements of the institutional analysis methodology, the author considers the impact of geopolitical factors on Russia's economic security. Based on historical and economic analysis, it is concluded that the decisions of the Crimean (Yalta) and Potsdam (1945) conferences that defined the contours of the multipolar model of the modern world should be followed. As a counteraction to the geopolitical challenges to the economic security of the Russian Federation in a multipolar world, it is proposed to consider the issues of spatial development as an institutional basis for the formation of a future model of global security.


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