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.

Alternative strategies of overcoming stagnationand a “new growth model” of the Russian economy

2017 ◽  
pp. 121-137 ◽  
Author(s):  
V. Manevitch
Keyword(s):  
Economic Growth ◽  
Oil And Gas ◽  
Raw Materials ◽  
Value Added ◽  
Net Income ◽  
Russian Economy ◽  
Short Run ◽  
Monetary And Fiscal Policy ◽  
Rate Of Accumulation

The export-raw materials model of the Russian economy has exhausted its potential to induce economic growth and has become one of the main reasons for prolonged stagnation. The profit of oil and gas complex concentrates a significant part of the value added created in other activities. The mechanism ensuring such concentration is lowed ruble exchange rate and monopoly pricing. From 40 to 60% of foreign exchange earnings from oil and gas exports is used for the export of capital and payment of net income of non-residents. The reduction of net exports to the minimum will bring the rate of accumulation to the saving rate. Reallocation of investment in favor of infrastructure and processing industries will increase their effectiveness. Thus the tasks of creating new centers of income, forming a new mechanism of economic growth will be solved. Monetary and fiscal policy will be effective not only in the short run but also in the long-term period.

scholarly journals Models of Russia's Participation in Regional Economic Integration

2014 ◽  
pp. 139-147
Author(s):  
D. I. Ushkalova
Keyword(s):  
Customs Union ◽  
Medium Term ◽  
Mutual Trade ◽  
Eurasian Economic Union ◽  
Qualified Majority ◽  
Market Capacity ◽  
Economic Union ◽  
Trade Dynamics ◽  
National Economies

The article analyses models and mechanisms of Russia's participation in integration processes in Post-Soviet space in recent years. The article examines the model of integration of Customs Union Common Economic Space Eurasian Economic Union and particular mechanisms of its realization. It also examines key challenges to further development of integration in the frameworks of Eurasian Economic Union including exhausting of short-term and medium-term integration effects against a background of low level of economic cooperation and the lack of effective mechanism of interest coordination and decisionmaking similar to qualified majority. It concludes that deterioration of mutual trade dynamics in Customs Union is determined by fundamental factors, first of all, exhausting of medium-term integration effects which lead to extension of mutual trade immediately after Customs Union creation but do not change its qualitative characteristics in long-term outlook. The author shows an absence of significant long-term integration effects which were based on increase of domestic market capacity due to a modification of economic structure. It is founded that appearance of such long-term integration effects is possible only in the context of coalescence of national economies at the microlevel based on development of system of communications between enterprises including intrasectoral industrial cooperation. The article also analyses results of realization of Russia's strategy of interaction with states beyond Eurasian Economic Union based on open regionalism concept. The paper presents recommendation on perfection of tools of integration in and outside Eurasian Economic Union. In particular, creation of system of decentralized organizations is proposed, for the implementation of specific cooperation projects in selected areas, taking into account the multiplier effect of such a "point-aimed" action/

scholarly journals Risk impact on resource distribution in sectors of economics and industrialization

2019 ◽  
Vol 16 (5) ◽  
pp. 40-61
Author(s):  
O. S. Sukharev ◽  
E. N. Voronchikhina
Keyword(s):  
New Technologies ◽  
Raw Materials ◽  
Manufacturing Sector ◽  
Value Added ◽  
Quantitative Risk Assessment ◽  
Russian Economy ◽  
Gross Value Added ◽  
Distribution Of Resources ◽  
Transaction Sector ◽  
The Impact

The purpose of the study is the impact of the risk of economic activity, which is concentrated in the sectors of the economy, on the distribution of resources between sectors, the change in investment in new and old technologies, the manufacturability and the gross value added created, the themes of its growth. Quantitative risk assessment is carried out by the standard square deviation of gross profit in the sectors and in the Russian economy. Manufacturability is determined by the ratio of production on new and old technologies, and new technologies are newly created advanced technologies. The research methodology is a structural analysis that allows the Russian economy to be represented in the form of a dichotomy of the sectors — processing and transactional raw materials. This dichotomy is applied due to the necessary assessment of the course of industrialization and the influence of risk in processing on the dynamics of general and special coefficients of industrialization. The result of the study is that the positive effect of reducing the risk in the manufacturing sector on the change in its manufacturability and improvement of the parameters of industrialization of the economy has been confirmed. Taking into account the relationship of profitability in the sectors of the economy and the risk of doing business in them, the resulting ratios for the levels of profitability and risk in the two sectors were obtained, which give the best pace of their development and the overall dynamics of the gross value added of the Russian economy during the industrialization process. The ratio of risk in the processing and raw materials sector should be less established in the study of the value (1.3) for the dynamics to be the best. This will require measures to reduce the risk in the manufacturing sector, and, most likely, national projects and state guarantees, in this part, perform the function of damping risks. In the transaction sector, risk apparently should not be reduced (the task of raising it looks extraordinary) so that the risk ratio influences the distribution of investment, capital and labor between the sectors in order to ensure the best contribution of the sectors to the overall dynamics of the economy.

scholarly journals Liquidity and the Performance of the Nigerian Manufacturing Firms: an Economic Value-added Approach

2021 ◽  
Vol 17 ◽  
pp. 47-55
Author(s):  
Olusegun Osho ◽  
Alexander Ehimare Omankhanlen ◽  
Mojisola Fasanmi ◽  
Victoria Akinjare
Keyword(s):  
Manufacturing Industry ◽  
Economic Value ◽  
Value Added ◽  
Economic Value Added ◽  
Economic Sectors ◽  
Manufacturing Firm ◽  
Development Indicators ◽  
And Performance ◽  
The Impact

Considering the possibility of finding a gap and a room for improvement, so much have been written about liquidity and performance. Notwithstanding, the emphasis has been on profitability as a yardstick for performance and little has been done on other areas of performance measurement. The emphasis has also been more on various economic sectors with the exception of the manufacturing industry. This paper intends to look at the impact, if any, of liquidity provision and availability on Nigeria’s manufacturing firm’s performance from the perspective of Economic Value Added (EVA). Economic value-adding is beyond just profitability or liquidity. The firm's value to the stakeholders, its sustainability and long-term values are defined. The study would apply liquidity theories, profitability and the economic value-added theories as it applies to a manufacturing firm in a developing economy like Nigeria. On its methodology, the article data is obtained from the World Bank’s World Development Indicators-WDI and then a regression analysis will be run on the data using the SPSS software and then an analysis of the results of the regression. The last section of the article would conclude and make recommendations from the study outcome and the empirical analysis with respect to the theories.

scholarly journals Capital Structure and Firms’ Performance: Evidence from Vietnam’s Stock Exchange

2015 ◽  
Vol 7 (12) ◽  
pp. 1 ◽  
Author(s):  
Tristan Nguyen ◽  
Huy-Cuong Nguyen
Keyword(s):  
Capital Structure ◽  
Stock Exchange ◽  
Debt Maturity ◽  
Management Process ◽  
Short Term ◽  
Fixed Assets ◽  
Two Factors ◽  
The Impact ◽  
Very High

<p>Our paper examines what impact capital structure has on firms’ performance in selected firms listed on HCMC Stock Exchange. The data is collected from 147 listed companies during the period from 2006 to 2014. The study not only checks the impact the level of leverage has on firms’ performance, which is found to be negative in this study, but it also uses the short-term and long-term debt ratios to see the effect of debt maturity. However, there is no difference whether it is short-term or long-term. Tangibility is found to be negative with a very high proportion on average. With the suggestion that companies might invest too much in fixed assets and there is a lack of efficiency, this could be the alert for firms to improve their management process. Size and growth are found to be positive, since larger firms have lower costs of bankruptcy and higher growth rates associate with higher performance. Moreover, the study also adds the effects of industry and macroeconomics, and the result shows a correlation between the two factors and firms’ performance.</p>

scholarly journals Catalyst or Crown: Does Naturalization Promote the Long-Term Social Integration of Immigrants?

2017 ◽  
Vol 111 (2) ◽  
pp. 256-276 ◽  
Author(s):  
JENS HAINMUELLER ◽  
DOMINIK HANGARTNER ◽  
GIUSEPPE PIETRANTUONO
Keyword(s):  
Social Integration ◽  
Host Country ◽  
Causal Effect ◽  
Random Assignment ◽  
Integration Process ◽  
Policy Paradigm ◽  
The Social ◽  
Integration Of Immigrants ◽  
The Impact

We study the impact of naturalization on the long-term social integration of immigrants into the host country society. Despite ongoing debates about citizenship policy, we lack reliable evidence that isolates the causal effect of naturalization from the nonrandom selection into naturalization. We exploit the quasi-random assignment of citizenship in Swiss municipalities that used referendums to decide on naturalization applications of immigrants. Comparing otherwise similar immigrants who narrowly won or lost their naturalization referendums, we find that receiving Swiss citizenship strongly improved long-term social integration. We also find that the integration returns to naturalization are larger for more marginalized immigrant groups and when naturalization occurs earlier, rather than later in the residency period. Overall, our findings support the policy paradigm arguing that naturalization is a catalyst for improving the social integration of immigrants rather than merely the crown on the completed integration process.

scholarly journals Selected benefits and threats arising from internet use by households and enterprises in Poland with respect to the COVID-19 pandemic

2021 ◽  
Vol 16 (1) ◽  
pp. 17-28
Author(s):  
Roman Kisiel ◽  
Greta Woźnialis
Keyword(s):  
Raw Materials ◽  
Global Network ◽  
The Internet ◽  
Network Resources ◽  
Major Threat ◽  
Two Factors ◽  
Household Members ◽  
Business Entities ◽  
The Impact ◽  
The Relationship

The internet has revolutionised the world over the past half of a century, and the COVID-19 pandemic has contributed to an increase in its importance. Although the global network brings with it more advantages than disadvantages, its existence also causes certain threats which have an impact on the life of Polish households and operations of Polish enterprises. This paper is theoretical and empirical in nature. Its aim is to explore the relationship between the internet and the COVID-19 pandemic, i.e. the time household members spend online. The impact of the two factors on survival in the market was examined in the case of enterprises. Moreover, the subjectively most important benefits and threats arising from the global network consumption in the opinion of the business entities mentioned above were illustrated. According to the respondents, facilitating communication is the main advantage of the internet (33.33%), whereas the spreading of hate on the internet is the major threat associated with its use (24.17%). The main benefit derived from the global network resources by enterprises is the possibility of obtaining raw materials from the most profitable sources (28.40%), whereas the major threat identified by them is that a negative opinion published on the internet can weaken the financial standing of a company or even make it disappear from the market (55.56%). Nearly 60% of household members found themselves spending more time online during the COVID-19 pandemic. Nearly 94% of the entrepreneurs who use the internet in running their businesses admitted that it helped them to keep their business in the market during the pandemic.

scholarly journals THE ROLE OF INTELLECTUAL PROPERTY IN CHANGING THE ECONOMIC SPECIALIZATION OF UKRAINE

2021 ◽  
Author(s):  
Volodymyr Virchenko ◽  
Yuliia Pakhaieva
Keyword(s):  
Intellectual Property ◽  
Intellectual Capital ◽  
Institutional Environment ◽  
Raw Materials ◽  
Value Added ◽  
Industrial Parks ◽  
Economic Specialization ◽  
Post Industrial ◽  
The Impact

The article is devoted to the study of the nature, features and significance of intellectual property in modern economic systems. The role of intellectual property in stimulating the development of the national economy and changing its specialization in the post-industrial era is analyzed. Authors underlined the fact that Ukraine faces the problem of changing economic specialization in the context of post-industrial transformations in order to ensure an advantageous position in the global competitive environment. The analysis shows that EU countries and the US are trying to export finished products with a high share of value added, while most of Ukraine's export basket is made up of raw materials, which gives our country a losing position in the global economic environment. The role of commercialization of intellectual property and investments in intellectual capital in the structural transformation of the economic system and the formation of the post-industrial system of production is substantiated. The impact of knowledge, information, innovations and intellectual property on the economic growth and competitiveness of the country in modern globalized consumer markets has been investigated. South Korea's experience in the commercialization of intellectual property and the formation of an effective model of specialization is considered. Results of research demonstrated that distinguishing tools as a component of intangible assets of enterprises turned into important factor of its competitiveness in the context of post-industrial transformations. China's experience in supporting the commercialization of intellectual property by creating industrial parks that accumulate foreign direct investment is studied. Analysis of statistics has proved key role of intellectual property in the modern system of public reproduction, and allows to identify a clear link between the volume and dynamics of investment in intellectual capital and profitability of innovative enterprises. The necessity to implement the state policy aimed at changing the economic specialization of Ukraine in the direction of forming a favorable institutional environment for the implementation of innovative and technological potential has been substantiated.

scholarly journals Eurasian Economic Union is an international organization or multidimensional institution. Ontological discrepancies and political consequences

2020 ◽  
pp. 45-54
Author(s):  
Bogdan Grachev
Keyword(s):  
International Organization ◽  
Dual Nature ◽  
Political Consequences ◽  
Eurasian Economic Union ◽  
Multilateral Institution ◽  
Economic Union ◽  
Basic Characteristics ◽  
Integration Project ◽  
The Impact

The subject of this research is the ontological nature of the Eurasian Economic Union (EAEU). An attempt is made to determine the conceptual philosophical-political characteristics of this organization in the light of particular and universalistic approaches. The author examines and describes the impact of ontological characteristic upon the process of formation and functionality of the international organization and multilateral institution. In future, the dual nature of EAEU can carry political and practical consequences for the Eurasian integration &ndash; the question of expectations and outcome from its participation in the indicated integration project, degree and nature of influence upon the domestic policy of EAEU member-states may arise sooner or later. The author's special contribution consists in formulation of the problem of long-term existence of the Eurasian Economic Union from perspective of identification of its ontological characteristics. For achieving success in this regard, integration must represent a universalistic paradigm founded on the principle of pan-unity (universality), when any integration structure is a part of infinite whole, the Universe, endued with the basic characteristics and patterns, and interconnected with all other parts. However, if integration wends the path of particularism, it would be founded on the positivistic methodology, which in turn, considers &ldquo;external realities&rdquo; and their structures as measurable. Each participant of the integration would seek to comply with the own national interest, which first and foremost is aimed at preservation of national sovereignty. In this regard, the term &ldquo;international organization&rdquo; no longer reflects the nature of such integration structure to the fullest, and thus it can be referred to as &ldquo;multilateral institution&rdquo;.

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