scholarly journals Analysis of the Russian finance connectivity

2021 ◽  
Vol 106 ◽  
pp. 01014
Author(s):  
Valery Smirnov ◽  
Denis Osipov ◽  
Vladimir Gurdzhiyan ◽  
Irina Soshko ◽  
Mikhail Alexandrov ◽  
...  
Keyword(s):  
Cluster Analysis ◽  
Growth Rates ◽  
Commodity Prices ◽  
Oil Futures ◽  
Global Indices ◽  
Leading Role ◽  
Russian Economy ◽  
Maximum Value ◽  
Us Dollar ◽  
Negative Factors

As a result of evaluation of growth rates of major commodity prices and Russian share quotes there is discovered dominating dynamics of shares of Rosneft and Urals oil futures. Assessment of dynamics of RTSI, IMOEX, S&P500, WTI futures, USD/RUB showed IMOEX breakdown from RTSI. RTSI remained with the WTI futures, while IMOEX joined S&P500 trend. As a result of neural network analysis of importance of global indices growth rates there is determined a condition of achievement of their maximum value – minimum growth rate of RTSI and maximum rate of FTSE100 growth. Cluster analysis of the global indices in terms of their growth rates revealed connectivity between RTSI, DJIA and US Dollar Index. Russian economy structure can’t ensure direct connectivity of RTSI and DJIA. RTSI is indirectly connected to DJIA via S&P500. The leading role in this connection belongs to US Dollar Index that largely determines the dynamics of USD/RUB and IMOEX. Cluster analysis in terms of major currencies exchange rates growth defined a USD and CNY currency basket that is acceptable for the Russian economy. Analysis of the Russian finance connectivity has sufficiently identified a basis and conditions of its existence in the context of the strengthening negative factors which bind and overburden the Russian economy with oil dependence.

The content analysis of Russian finance

2021 ◽  
Vol 27 (3) ◽  
pp. 585-610
Author(s):  
Valerii V. SMIRNOV
Keyword(s):  
Content Analysis ◽  
Growth Rates ◽  
Systems Approach ◽  
Oil Futures ◽  
The Public ◽  
Global Indices ◽  
Russian Economy ◽  
National Wealth ◽  
Us Dollar ◽  
And Cluster Analysis

Subject. The article focuses on the Russian finance. Objectives. I determine the basics and conditions needed for the Russian finance. Methods. The study is based on the systems approach and the method of statistical, neural network and cluster analysis. Results. Having evaluated growth rates of prices for basic commodities and quotations of the Russian stocks, I determined what underlies the Russian finance as the prevailing trend in Rosneft’s stocks and Urals oil futures. Observing the movement of RTSI, IMOEX, S&P500, WTI oil future, USD/RUB rate, I discovered the gap between IMOEX and RTSI. RTSI remains with the WTI oil futures trend, while IMOEX joined the trend in S&P500. Having analyzed the importance of growth rates of global indices, I understood what is required for their maximum, i.e. the lowest growth rates of RTSI and the highest FTSE100. Considering the global indices and their growth rates, the Russian finance will be viable if RTSI indices are associated with DJIA and US Dollar Index. Structurally, the Russian economy cannot ensure the direct association of RTSI and DJIA. RTSI gets associated with DJIA through S&P500. US Dollar Index is a leading components in this correlation, as it determined the dynamics of USD/RUB and IMOEX. As for the trend in the rate of principal currencies, the basket with USD and CNY seems to be acceptable for the financial regulator. Conclusions and Relevance. The content analysis reveals the threatening intensification of adverse factors that make the Russian economy dependent on oil production, and outlines what can be done to eliminate them. The findings constitute new knowledge and advance the competence of the financial market regulator to make administrative decisions concerning the allocation, reallocation of the public product value and a part of national wealth so as to maintain the Russian finance in terms of form and substance.

Impacts of Paris Agreement on Russian economy

2018 ◽  
pp. 76-94 ◽  
Author(s):  
I. A. Makarov ◽  
C. Henry ◽  
V. P. Sergey
Keyword(s):  
Climate Change ◽  
Economic Policy ◽  
Growth Rates ◽  
Paris Agreement ◽  
Gdp Growth ◽  
Russian Economy ◽  
Climate Policies

The paper applies multiregional CGE Economic Policy Projection and Analysis (EPPA) model to analyze major risks the Paris Agreement on climate change adopted in 2015 brings to Russia. The authors come to the conclusion that if parties of the Agreement meet their targets that were set for 2030 it may lead to the decrease of average annual GDP growth rates by 0.2-0.3 p. p. Stricter climate policies beyond this year would bring GDP growth rates reduction in2035-2050 by additional 0.5 p. p. If Russia doesn’t ratify Paris Agreement, these losses may increase. In order to mitigate these risks, diversification of Russian economy is required.

The Reproduction Vector of the Russian Economy: 1999-2007

2008 ◽  
pp. 94-109 ◽  
Author(s):  
D. Sorokin
Keyword(s):  
Economic Policy ◽  
Human Capital ◽  
Growth Rates ◽  
Developed Countries ◽  
Gdp Per Capita ◽  
Real Sector ◽  
Russian Economy ◽  
Per Capita ◽  
The Developed Countries

The problem of the Russian economy’s growth rates is considered in the article in the context of Russia’s backwardness regarding GDP per capita in comparison with the developed countries. The author stresses the urgency of modernization of the real sector of the economy and the recovery of the country’s human capital. For reaching these goals short- or mid-term programs are not sufficient. Economic policy needs a long-term (15-20 years) strategy, otherwise Russia will be condemned to economic inertia and multiplying structural disproportions.

A view at the Russian economic transformation

2018 ◽  
pp. 142-158 ◽  
Author(s):  
E. F. Baranov ◽  
V. A. Bessonov
Keyword(s):  
Market Economy ◽  
Growth Rates ◽  
Transition Process ◽  
Well Being ◽  
Economic Transformation ◽  
High Rate ◽  
Russian Economy ◽  
Stage Of Development ◽  
Qualitative Level ◽  
Rate Of Recovery

The transition of the Russian economy from plan to market is considered at a qualitative level. The analysis of economic dynamics in the transformation paradigm is conducted. The main stages of the transition process are discussed. Bonuses and costs due to the transition to market economy are considered. The reasons for the outstripping growth of well-being as compared to the growth of output are discussed. The signs of exhaustion of the potential of factors ensuring an abnormally high rate of recovery and accompanying welfare growth are discussed. The conclusion is made that the transformational recovery has been completed. The Russian economy has moved to the stage of development with relatively low growth rates of output and welfare, typical for stable (nontransition) economies.

Analyzing the current effectiveness of the Russian economy's design

2020 ◽  
Vol 8 (8) ◽  
pp. 1476-1496
Author(s):  
V.V. Smirnov
Keyword(s):  
Economic Growth ◽  
Sustainable Development ◽  
Growth Rates ◽  
Systems Approach ◽  
Mineral Resources ◽  
Cash Flows ◽  
Moscow Oblast ◽  
Structural Balance ◽  
Russian Economy ◽  
The Stability

Subject. The article discusses Russia’s economy and analyzes its effectiveness. Objectives. The study attempts to determine to what extent Russia’s economy is effective. Methods. The study is based on the systems approach and the statistical analysis. Results. I discovered significant fluctuations of the structural balance due to changing growth rates of the total gross national debt denominated in the national currency, and the stability of growth rates of governmental revenue. Changes in the RUB exchange rate and an additional growth in GDP are the main stabilizers of the structural balance, as they depend on hydrocarbon export. As a result of the analysis of cash flows, I found that the exports slowed down. Financial resources are strongly centralized, since Moscow and the Moscow Oblast are incrementing their share in the export of mineral resources, oil and refining products and import of electrical machines and equipment. Conclusions and Relevance. The fact that the Russian economy has been effectively organized is proved with the centralization of the economic power and the limits through the cross-regional corporation, such as Moscow and the Moscow Oblast, which is resilient to any regional difficulties ensuring the economic growth and sustainable development. The findings would be valuable for the political and economic community to outline and substantiate actions to keep rates of the economic growth and sustainable development of the Russian economy.

scholarly journals ORGANIZATIONAL AND LEGAL BASIS OF CUSTOMS CONTROL PROCEDURE

2021 ◽  
Vol 74 (1) ◽  
pp. 81-88
Author(s):  
Vitaliy Kadala ◽  
◽  
Olena Guzenko ◽  
Keyword(s):  
Control Procedure ◽  
Leading Role ◽  
Factors Influencing ◽  
Organizational Mechanism ◽  
Control Procedures ◽  
Conducting Research ◽  
And Performance ◽  
Realistic Information ◽  
Negative Factors ◽  
The Relationship

The implementation of customs control occupies a significant share of the activities of customs officers. Customs control procedures make it possible to identify customs violations in a timely manner, to ensure the content of measures aimed at preventing customs offenses, reveals the possibility of identifying shortcomings in the work of customs officials who are responsible for a particular area of work. In addition, the customs control procedure reveals not only the shortcomings in the work of certain parts of the customs, but above all, establishes the level of compliance with the principles of customs control and performance of its functions. This thesis is based on the fact that in case of violation of these segments there is a certain area of activity, which usually acts as a zone of customs violations. At the same time, customs control helps to improve the quality of document flow and provides an opportunity to form more realistic information flows for management decisions. At the same time, customs control procedures provide an opportunity to determine the relationship between the elements of the organizational mechanism, to establish at what stage is the duplication of functional responsibilities of responsible persons, and on this basis to decide on its improvement in the future. However, these advantages of customs control are partially offset by a number of negative factors that have some impact on the effectiveness of the procedure itself. There are professional and scientific discussions about the content of negative factors influencing customs control procedures, among which the leading role is given to the shortcomings in the law-making process. Existing problems indicate the feasibility of conducting research in this area. The article highlights the existing problematic factors influencing the customs control procedures, reveals the legal regulations for their implementation and determines the content of the principles and functions that customs officers are obliged to adapt during their adaptation. Attention is paid to the expediency of expanding the functions of the customs control procedure, the advantage of such changes is outlined. The author's position of content of conceptual categories «customs control», «customs control procedure», «organization of customs control» with the substantiation of the chosen approach is offered. The specific features of the organization of the customs control procedure are revealed, the main tasks are determined and the directions of its improvement are established. The author's position on the expediency of choosing both legal and human factors in the development of measures to improve the customs control procedure is given. The relationship between the qualification level of the executors of control actions and the effectiveness of the customs control procedure is substantiated.

Analyzing the "Strategy of Socio-Economic Development of the Chuvash Republic until 2035" content

2021 ◽  
Vol 20 (2) ◽  
pp. 299-324
Author(s):  
Valerii V. SMIRNOV
Keyword(s):  
Neural Network ◽  
Cluster Analysis ◽  
Economic Development ◽  
Growth Rates ◽  
Systems Approach ◽  
Cultural Institutions ◽  
Socio Economic Development ◽  
Chuvash Republic ◽  
Number Of Visits ◽  
And Cluster Analysis

Subject. The article addresses a strategy for socio-economic development of the region. Objectives. The purpose is to define contradictions and opportunities to achieve the expected results of the "Strategy of Socio-economic Development of the Chuvash Republic until 2035". Methods. The study rests on the systems approach, using the methods of statistical, neural network, and cluster analysis. Results. The statistical analysis of trends in expected outcomes of the Strategy implementation enabled to build a median hierarchy of their growth rates, where the indicator of an increase in the number of visits to cultural institutions is a priority in setting the goals for the region’s development. The neural network analysis demonstrates the importance of the growth rate of real accrued wages of employees of organizations and the insignificant value of the increase in the number of visits to cultural institutions for effective achievement of all objectives of the Strategy. The cluster analysis shows the importance of growth rates of indicators of the proportion of organizations engaged in technological innovations, and the proportion of shipped innovative products. The analysis of growth rates of GRP and expenditures of the consolidated budget of the Chuvash Republic reveals a decrease in the cyclical lag of the first dynamic pattern from the second one. Conclusions. For the Chuvash Republic, a strategic priority is to overcome the GRP growth limit through the innovative development of backbone areas of economic activity.

scholarly journals Specific Features of Russian Economy Development on the Current Stage

2020 ◽  
Vol 17 (6) ◽  
pp. 45-53
Author(s):  
L. I. Kochurova ◽  
E. I. Kharlampenkov ◽  
Yu. N. Kleshchevskiy ◽  
S. L. Engel ◽  
V. V. Andreev
Keyword(s):  
Added Value ◽  
The Sustainable Development ◽  
Leading Role ◽  
Russian Economy ◽  
Current Economic Situation ◽  
Scientific Potential ◽  
Important Regulator ◽  
Future Strategy ◽  
Current Stage

The article studies the current economic situation in Russia: problems of economy development, the role of stateowned corporations and small and medium business in economy, problems of their interaction and key lines in development in the near future. The structure of domestic product of the country was described, as well as the role of certain industries of business in its formation. The chief goal of state is to re-orientate from resource-mining to resource – processing, which complies with the concept of added value and shall ensure the sustainable development of economic growth. The authors come to the conclusion that only interaction of big, medium and small business in the country can provide certain success in development, that human factor, interest of workers in results of enterprise work can become a decisive factor on the current stage. Key vectors of economy development in Russia have been identified. It was underlined that state must become an important regulator of market processes in the country. Today Russia must choose its future strategy: it can be either an inertial way of neo-liberal reforms and degrading of scientific potential or mobilization of intellectual resources to restructure economy on principles of developed market with the leading role of state.

scholarly journals Growth of Output and Productivity in Pakistan’s Agriculture: Trends, Sources, and Policy Implications

1996 ◽  
Vol 35 (4II) ◽  
pp. 527-536 ◽  
Author(s):  
M.Ghaffar Chaudhry ◽  
Ghulam Mustafa Chaudhry ◽  
Muhammad Ali Qasim
Keyword(s):  
Growth Rate ◽  
Growth Rates ◽  
Commodity Prices ◽  
High Growth ◽  
Price Policy ◽  
Policy Implications ◽  
Open Market ◽  
Agricultural Commodity ◽  
Average Growth ◽  
Negative Effect

The paper aims to review the growth performance of Pakistan’s agriculture from 1950 to 1995. The long-term growth rate of agriculture, although respectable, has exhibited considerable yearly fluctuations even between decades. The period of the fifties and early seventies lacked any growth. Accelerating and high growth rates marked the decade of the sixties but the performance has not been satisfactory since 1979-80 and average growth rates have barely exceeded the population growth rate, with widespread implications for growth of national economy, food security, and social welfare of the masses. Area, modern inputs, and technology have been the major determinants of growth but prices were equally important because of their incentive and disincentive effects. The agriculture price policies adopted during the 1980s are known to have had a negative effect on the development and use of technology in agriculture. In order to boost agricultural productivity, a change in price policy is needed to ensure incentive prices. This could be done by setting agricultural commodity prices at par with corresponding import and export parity prices. A higher investment in research and development can hardly be overemphasised. There is an urgent need to remove the bottlenecks in agricultural input markets since these markets represent the typical monopoly position. To break up the monopoly of registered dealers and to promote competition, free sales in the open market by interested parties and individuals may be allowed.

scholarly journals Compiling Investment Attractiveness Rating of the Largest Russian Companies Using Minimax Approach

2020 ◽  
Vol 17 (2) ◽  
pp. 82-93
Author(s):  
I. Y. Vygodchikova
Keyword(s):  
Data Analysis ◽  
Computational Experiments ◽  
High Tech ◽  
Investment Strategies ◽  
Hierarchical Data ◽  
Processing Technologies ◽  
Minimax Approach ◽  
Rating Agencies ◽  
Leading Role ◽  
Russian Economy

Purpose of research. The actuality of the problem of the integrated (complex) assessment of investment attractiveness of large Russian companies is due to the need of increasing production volumes and improves processing technologies of the largest sectors of the Russian economy, as well as the requirements of the accelerated growth of high-tech exports. The purpose of this study is to develop rating of investment attractiveness of companies using minimax approach and hierarchical data analysis. Decision about share structure of investment distribution contributes to the implementation of important knowledge-intensive projects for the development of major industry companies. Integral rating of companies plays a leading role in making investment decisions. Research hypothesis of the minimax approach application and hierarchical data analysis will allow developing an intelligent computerized system that will perform real-time calculations and make recommendations on share distribution of investments of the largest Russian companies using a hierarchical rating procedure and minimax approach.Materials and methods. Currently, methodological tools for rating of investment attractiveness of the largest Russian companies are at initial stage of development, although the relevance of such studies in world practice has reached the highest level, thanks to leading rating agencies that have their own methodology and justified methodology for rating companies. Until middle of 2017 when developing investment strategies for the development of Russian industry giants, the opinions of the international rating agencies of “big three”: Standard & Poor's, Fitch Ratings, Moody's and experts of Forbes magazine were taken into account. However, due to reduction in the activity of foreign expertise in Russia, it became necessary to develop and implement its own rating methodology for assessing the investment attractiveness of companies. Current rating approach (accredited Agency Expert RA), as well as young and promising rating agencies need new and mathematically sound approach to compile rating, which optimizes investment process for the most important high-tech projects by priority indicators and industry sign companies. Author's methodology is based at analysis of statistical indicators of companies in the most important sectors of economy. The important feature of the developed method is using author's mathematical apparatus, including a hierarchical analysis of the ranked indicators of financial-economic activity of companies according to their priority and application of minimax approach to obtain rating of companies based at industry characteristics.Results. Method developed in the paper is based at logical rules of grouping companies, allows obtaining rating of companies and rating of leading Russian industries, which companies were considered in data analysis. By using obtained ratings and minimax approach, the rating of investment attractiveness of the companies is made (taking into account industry affiliation). Proposed method has scientific novelty, due to hierarchical procedure of ranking indicators and minimax problem. More that author’s method allows obtaining rating assessment of investment attractiveness of companies, taking into account industry characteristic. In this paper, computational experiments were performed, which used indicators on volume of output and profit of the largest (by volume of output) companies in Russia. Computational experiments have shown the leading role of oil and gas and banking companies in Russian economy.Conclusion. The practical use of the developed method of integral ranking of companies allows optimizing process of allocation the investment resources and contributes to expansion of production of high-tech products produced by leading companies of the most important sectors of Russian economy. Proposed method is advisable for using in investment strategies for the development of high-tech projects. Efficiency of the developed rating of Russian companies has been demonstrated at practice of assessing the largest Russian companies; results are complemented, expanded and enriched by existing research of specialists and leading rating agencies. The author recommends using presented tools for optimization the investment resources for development of the most important industry companies in Russia.

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