The impact of technological progress on the long-term structure of the Russian economy

2009 ◽  
Vol 79 (2) ◽  
pp. 138-142
Author(s):  
V. V. Ivanter
Keyword(s):  
Term Structure ◽  
Technological Progress ◽  
Russian Economy ◽  
The Impact

scholarly journals Research on the Impact of International Oil Prices on the Economy of Russia

2020 ◽  
Vol 214 ◽  
pp. 03006
Author(s):  
Jiuxia Wu
Keyword(s):  
Economic Growth ◽  
Resource Curse ◽  
Oil Prices ◽  
Oil Price ◽  
Short Term ◽  
Russian Economy ◽  
Income Determination ◽  
The Impact ◽  
The Relationship

In the process of Russian economic development, the oil industry is one of the important pillar industries. More than 50% of the total revenue of the Russian government comes from the oil and gas industry. Oil and oil products exports account for about 56.9% of Russia’s total export[1]. So Russia’s economy is inextricably linked to oil prices. Rosneft’s role in budgetary revenue sources is growing. In the development of the world economy, the change of international oil price affects the development of the Russian economy. This paper reviews the relevant theories about the relationship between oil price and Russia’s economic growth. Besides, the short-term and long-term effects of oil price fluctuation on Russian economy are analyzed with Keynes’s income determination theory and “resource Curse” theory[2] respectively. In addition, the granger causality test is used to analyze the relationship between the fluctuation of oil price and the change of Russian GDP. The following conclusions are drawn from the analysis. Firstly, oil price rise is beneficial to Russian economic growth in the short term, but will hinder Russia’s economic long-term development. Secondly, the fluctuation of oil price is the granger cause of the change of Russian GDP. However, the change of Russian GDP is not the granger cause of the fluctuation of oil price.

scholarly journals Reflections on neo-Kaleckian growth regimes: a Marxian reproduction perspective

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Feng Zhao ◽  
Jiahe Tian ◽  
Yuchen Duan
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Income Distribution ◽  
Technological Progress ◽  
Supply Side ◽  
Demand Side ◽  
Content Type ◽  
The Impact ◽  
Kaleckian Model

PurposeThe neo-Kaleckian model follows the ideas of Marx, Keynes and Kalecki, that investment is a key influencing factor in the dynamics of the capitalist mode of production. Through the discussion of different forms of investment decision function, this paper constructs the analysis framework of wage-led and profit-led economic growth regimes.Design/methodology/approachThe model has become an important theoretical paradigm for current Western heterodox economists regarding the research on the impact of functional income distribution on economic growth, and it has a very large impact on both theoretical and empirical research. Starting from Marx's reproduction theory, this article discusses the theoretical shortcomings of the neo-Kaleckian growth regime model.FindingsThis paper mainly focuses on three aspects: (1) the ideological legacy of “Smith's Dogma”; (2) neglecting the restrictions on income distribution from the organic composition of capital and the surplus value rate; (3) technological progress and the formation of a new long economic wave.Originality/valueThe authors believe that the neo-Kaleckian model unilaterally emphasizes the demand-side factors in the economy and, unconsciously or not, ignores the role of the supply-side, which makes it encounter certain limitations in explaining long-term growth. Even if some empirical conclusions are employed to bridge functional income distribution and technological progress, there is still a lack of a theoretical basis for accurately describing long-term economic changes using this model. In order to better promote high-quality economic development and accelerate the formation of a new pattern of economic development in which the domestic large-scale cycle is the mainstay and the domestic and international double cycles promote each other, the authors need to adopt a policy combination with the supply-side as the main and the demand-side as the supplement, and to work from both sides.

scholarly journals The Evolution of Russia’s Specialisation in Mutual Trade with the Countries of the EAEU

2019 ◽  
Vol 12 (4) ◽  
pp. 57-66
Author(s):  
D. I. Ushkalova
Keyword(s):  
Raw Materials ◽  
Value Added ◽  
Customs Union ◽  
Integration Process ◽  
Mutual Trade ◽  
Russian Economy ◽  
Eurasian Economic Union ◽  
Two Factors ◽  
The Impact

The subject of our research was the analysis of changes in the specialisation of Russia in mutual trade with the countries of the Customs Union — the Common Economic Space — the Eurasian Economic Union since the beginning of the functioning of the single customs territory. The work aims to characterise the impact of the integration process within the CU-SES-EAEU on the commodity structure of Russian exports to the grouping countries and the possibilities for realising Russia’s export potential in the markets of the partner countries. The author examines the most important trends and factors in the evolution of the commodity structure of mutual trade within the EAEU and Russia’s exports to these countries, assesses the importance of the EAEU countries for the realisation of the export potential of Russia. The study concluded that the integration process had a positive effect on the commodity structure of Russia’s exports to the EAEU countries: during the unification, the share of mineral products in total exports decreased by one third, while the share of machinery and chemical products, food products and agricultural raw materials rose. The author substantiated that the EAEU states are the most important market for Russian goods with a high share of value added and their importance is increasing. Nevertheless, the prospect for further realisation of the export potential of Russia in the markets of the EAEU countries is very ambiguous and will be determined by two factors: the growth rate of the Russian economy and the real achievements in the field of shaping long-term integration effects.

scholarly journals Tendencies and prospects in the digital economy development in Russia

2018 ◽  
Vol 55 ◽  
pp. 01011
Author(s):  
Yana Nikonova ◽  
Alexey Dementiev
Keyword(s):  
Qualitative Change ◽  
Digital Economy ◽  
Russian Economy ◽  
The Impact

The paper opens a series of publications within the framework of a project designed to investigate the impact of digitalization of the Russian economy on the qualitative change in its structure and long-term opportunities.

The Term Structure of Bond Liquidity

2018 ◽  
Vol 53 (5) ◽  
pp. 2161-2197 ◽  
Author(s):  
Monika Gehde-Trapp ◽  
Philipp Schuster ◽  
Marliese Uhrig-Homburg
Keyword(s):  
Term Structure ◽  
Equilibrium Model ◽  
Trading Volume ◽  
Short Term ◽  
Theoretical Predictions ◽  
Empirical Tests ◽  
Trading Volumes ◽  
Liquidity Premia ◽  
The Impact

We analyze the impact of market frictions on the trading volume and liquidity premia of finite-maturity assets when investors differ in their trading needs. Our equilibrium model generates a clientele effect (frequently trading investors hold only short-term assets) and predicts i) a hump-shaped relation between trading volume and maturity, ii) lower trading volumes of older compared with younger assets, iii) an increasing liquidity term structure from ask prices, iv) a decreasing or U-shaped liquidity term structure from bid prices, and v) spillovers of liquidity from short-term to long-term maturities. Empirical tests for U.S. corporate bonds support our theoretical predictions.

scholarly journals Technostress: Pengertian, Penyebab dan Koping Pustakawan

2018 ◽  
Vol 1 (2) ◽  
pp. 209
Author(s):  
Suryanto Suryanto ◽  
Twista Rama Sasi
Keyword(s):  
Technological Progress ◽  
Human Life ◽  
Work Load ◽  
Technological Changes ◽  
Short Term ◽  
Role Change ◽  
Coping Methods ◽  
The Impact ◽  
Individual Training

Nowadays, technology is growing so fast which cause all of the human life. Library is a kind of work which can’t lost from the impact of technological progress. Nevertheless, not all librarians are able to adapt quickly with the change and development of technology, so it can cause the problem for them, one of them is technostress. Technostress is an uncomfortable condition which which caused by the inability of individuals to adapt with the technological changes or a condition of individual dependency on technology which cause the uncomfortable both physical and psychic. Technostress is caused by several factors that is the development of technology, the lack of standardization, the lack of individual training (librarians) against the technology and equipment used, the technology reliability, the increased of work load which given to each librarian, the appearance of role change from the librarian. Another opinion says that which resulted in the occurrence of technostress there are five components, namely techno-overload, techno-invasion, techno-complexity, techno-insecurity, dan techno-uncertainty. Coping strategies which can be applied by librarians in facing technostress can be long-term coping methods, which is considered to be more effective to reduce the impact of technostress and short-term coping methods which is effective to overcome technostress temporarily. 

scholarly journals The impact of digital economy on the transformation of the labor market and forming new business models

2018 ◽  
Vol 11 (3) ◽  
pp. 296-304
Author(s):  
M. A. Izmailova
Keyword(s):  
Labor Market ◽  
Technological Progress ◽  
Business Models ◽  
Digital Economy ◽  
Digital Transformation ◽  
The State ◽  
Temporary Increase ◽  
Negative Consequences ◽  
The Impact

The beginning of the XXI century is marked by the advent of the digital economy. In order to achieve the expected results from the digital revolution in economic and social terms, it is necessary to develop a mechanism for managing the digital transformation of the economy, in the implementation of which representatives of all stakeholders must take an active part: the state, business, education system, civil society. There are quite a lot of forecasts of negative consequences of the fourth industrial revolution, namely its latest technological achievements – robotics, digitalization, artificial intelligence, etc. – on the state of employment in the labor market on the scale of a single country and the entire global space. The constructive dialogue of the participants in the digital transformation should be based on the analysis of the impact of technological progress on employment in several aspects: short – term – temporary increase in unemployment due to the discrepancy between the structure of demand and the structure of labor supply; long-term-on the progressive reduction of demand for labor due to its technologization. The article focuses on the need for high-quality training of qualified personnel, demanded by the labor market and the real sector of the economy, the relevance of competencies which will be maintained in the long term. The author emphasizes that at the same time that technological progress leads to the elimination of «old» professions, it also dictates the need for the emergence of fundamentally new professions and the creation of new jobs, the effect of which can be significantly higher. The conducted research allowed to identify the prospects and possibilities of the technological transformation in the various sectors of the economy, at the same time stresses the need to undertake analysis of its economic feasibility in relation to the specific features of each company. The analysis of digital transformation of the industry has allowed to reveal new progressive business models, the axis of which are digital technologies.

scholarly journals Corporate governance and volatility in the capital markets: Brazil case study

2009 ◽  
Vol 7 (1) ◽  
pp. 43-54
Author(s):  
Pablo Rogers ◽  
José Roberto Securato
Keyword(s):  
Corporate Governance ◽  
Term Structure ◽  
Institutional Environment ◽  
Stock Exchange ◽  
Good Practices ◽  
Short And Long Term ◽  
The Impact ◽  
Positive Effect

n 2001, with the São Paulo Stock Exchange (Bovespa) creation of the “New Market and Governance Levels I and II”, Brazil became a unique country for corporate governance studies. From this date on it became possible to distinguish, in the same macroeconomic and institutional environment, companies that formally adopt good practices of corporate governance from those that don’t. This article objective, considering Brazil as a case study, was to assess the impact of higher levels of governance on the volatility term structure of the stocks. In methodological terms, it were developed two indexes of daily returns in the Brazilian stock market called IEPG-I and IEPG-S, and it was analyzed the volatility term structure with adjustments on the GARCH family models. The results were statistically surprisingly, highlighting: 1) higher levels of governance had positive effect in the reduction of the short and long term volatility; 2) the volatility of the companies with the worst practices of corporate governance seems to be more reactive to the market; 3) the persistence of the volatility of the companies with good practices is higher than that of the companies with worse practices; 4) the convergence speed of the volatility of the companies with good practices is lower than that of the companies with worse practices; and 5) the presence of information asymmetry or leverage effect in companies with worse practices of corporate governance and absence in companies with better practices of governance.

Acts, Omissions and Keeping Patients Alive in a Persistent Vegetative State

1995 ◽  
Vol 38 ◽  
pp. 99-119
Author(s):  
Sophie Botros
Keyword(s):  
Technological Progress ◽  
Vegetative State ◽  
New Technology ◽  
Persistent Vegetative State ◽  
Term Outcome ◽  
Long Term Outcome ◽  
Ethical Decisions ◽  
Technological Developments ◽  
The Impact

There are many conflicting attitudes to technological progress: some people are fearful that robots will soon take over, even perhaps making ethical decisions for us, whilst others enthusiastically embrace a future largely run for us by them. Still others insist that we cannot predict the long term outcome of present technological developments. In this paper I shall be concerned with the impact of the new technology on medicine, and with one particularly agonizing ethical dilemma to which it has already given rise.

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