scholarly journals Macroeconomic Analysis of Russian Economy in 2018

2019 ◽  
pp. 121-128
Author(s):  
Sergey Mitsek ◽  
Elena Mitsek
Keyword(s):  
Economic Growth ◽  
Developed Countries ◽  
Digital Economy ◽  
Export Prices ◽  
Macroeconomic Analysis ◽  
Russian Economy ◽  
Investment Volume ◽  
Positive Balance ◽  
Export Volume ◽  
Main Driver

The paper provides a macroeconomic analysis of the Russian economy in 2018 based on standard macroeconomic analysis methods and relying on the results of authors’ own econometric model. It is demonstrated that the main driver of the country’s economic growth was the growing export volume primarily caused by increased export prices, as well as ruble depreciation. However, the rates of Russian economic growth stayed lower than the global economic rates. Production growth, macroeconomic stability, easing monetary policy and country’s conservative fiscal policy enhanced the positive balance of payments and achieved budget surplus. Nevertheless, growth rates stay quite low due to insufficient investment volume and total productivity stagnation. The latter is caused, among other reasons, by lack of foreign investment and poor funding of research and development. Development of the Russian digital economy along with economic reforms could solve these problems. Recent years saw quick growth of Russia’s digital economy, including growing export of ICT products. However, the share of digital economy in Russian GDP is still lower than that of developed countries.

scholarly journals DIGITAL TRANSFORMATION OF THE RUSSIAN ECONOMY AND ALIGNMENT OF ECONOMIC INTERESTS

2021 ◽  
Vol 230 (4) ◽  
pp. 410-416
Author(s):  
N.V. RASSKAZOVA ◽  
Keyword(s):  
Economic Growth ◽  
Transaction Costs ◽  
Digital Technologies ◽  
Digital Economy ◽  
Digital Transformation ◽  
Production Costs ◽  
Economic Interests ◽  
Digital Platforms ◽  
Russian Economy ◽  
Reproduction Process

The problems of the digital economy development are central, since the introduction of digital technologies in the reproduction process provides for increased efficiency and reduced production costs. This fact encourages the development of digital platforms and mechanisms that allow to accelerate the process of interaction between different actors and reduce the transaction costs of coordinating economic interests at the micro and macro levels, which will eventually lead to economic growth. In this regard, the problem of digitalization of the Russian economy and its branches is relevant.

scholarly journals Upaya Hukum PT Bank Rakyat Indonesia (Persero) Tbk Unit Amlapura terhadap Debitur yang Wanprestasi dalam Usaha Mikro

2020 ◽  
Vol 1 (1) ◽  
pp. 27-32
Author(s):  
I Kadek Adi Payana ◽  
I Nyoman Putu Budiartha ◽  
Ni Made Puspasutari Ujianti
Keyword(s):  
Economic Growth ◽  
Developing Countries ◽  
Economic Development ◽  
Venture Capital ◽  
Research Method ◽  
Developed Countries ◽  
Legal Research ◽  
Main Driver ◽  
Credit Agreement ◽  
Legal Consequences

Economic development in a country is highly dependent on dynamic development and tangible contributions from the development sector. Development in the economic field is  the  main  driver  of  development,  Micro  Business  plays  an  important  role  in development and economic growth, not only in developing countries but also in developed countries. The formulation of the problem in this study, is: 1. Default and Legal Consequences in Micro People's Business Credit Agreement at PT. Bank BRI, 2. Repayment of Debtor Debt in Credit Agreements at Bank Bri. The research method used is a type of normative legal research. The most important part of developing a micro business is borrowing venture capital obtained from loans obtained from a bank. In an agreement, the debtor sometimes fails or defaults. Default or non-fulfillment of the agreement can occur either intentionally or unintentionally. Parties who do not intentionally do this default can occur because they are not able to fulfill these achievements or are also forced to make these achievements. The problem in this study is the occurrence of default on a credit agreement, the data is processed and analyzed qualitatively. The purpose of the analysis is to minimize the risk of bad credit. Then sort out the loan application submitted based on the loan ceiling. Default or non-fulfillment of the agreement can occur either intentionally or unintentionally. Parties who do not intentionally do this default can occur because they are not able to fulfill these achievements or are also forced to make these achievements.

The Digital Economy оf Russia: Current State аnd Prospects оf Development

2017 ◽  
Vol 33 (4) ◽  
pp. 32-38 ◽  
Author(s):  
M. A. Izmailova
Keyword(s):  
Economic Growth ◽  
Digital Technologies ◽  
Digital Economy ◽  
Current Status ◽  
Economic Activities ◽  
Digital Revolution ◽  
Russian Economy ◽  
Current State ◽  
The World

The article analyzes the current status of the digital economy of Russia in comparison with the world leaders in digital revolution. Describes the main sources of economic growth of the Russian economy on the basis of digitalization. The role and prospects of use of digital technologies in various spheres of socio-economic activities.

scholarly journals Over-The-Top Media in Digital Economy and Society 5.0

2020 ◽  
Vol 8 (3) ◽  
pp. 60-67
Author(s):  
Tasya Safiranita Ramli ◽  
Ahmad M Ramli ◽  
Huala Adolf ◽  
Eddy Damian ◽  
Miranda Risang Ayu Palar
Keyword(s):  
Economic Growth ◽  
Economic Development ◽  
Intellectual Property ◽  
Driving Force ◽  
Developed Countries ◽  
Digital Economy ◽  
Digital Revolution ◽  
Property System ◽  
Over The Top ◽  
Creativity And Innovation

Indonesia has entered global economic development based on innovation, technology and knowledge. This is the first point where it becomes the driving force in economic growth. In this, in Indonesia there is a population of millennials who have new creativity and innovation that makes the potential that can increase economic growth based on the digital economy and pursue the Society 5.0.. Nowadays, innovation and creativity are the key to success in economic development in the era of globalization. It is also closely related to the intellectual property system. In the era of globalization, developed countries are those who are able to utilize intellectual property as a driving force for the economy through new science, technology, creativity and innovation. One of the changes in the media is Over The Top (OTT), which is quite popular either in the world of telecommunications, world governance or academic world. In the digital era, some companies implemented a system that will change the company's digital revolution. Some companies need to restructuring their type of business based on digitalisation.

scholarly journals Management of the Innovative Digital Technology Implementation in the Regions

2021 ◽  
Vol 110 ◽  
pp. 04017
Author(s):  
Irina Ershova ◽  
Anna Obukhova ◽  
Olga Belyaeva ◽  
Oleg Aseev
Keyword(s):  
Economic Growth ◽  
Intellectual Property ◽  
Digital Technology ◽  
Technology Implementation ◽  
Developed Countries ◽  
Digital Economy ◽  
Digital Transformation ◽  
Global Innovation ◽  
The World ◽  
Global Economic Growth

The article defines the goals of digital transformation of companies, highlights the main distinctive elements of digitalization of enterprises, and classifies the factors that affect the speed of digital transformation. The authors assessed the level of digital economy development in Russia, Ukraine and developed countries over the period of 2007-2020 according to the International Digital Economy and Society Index (I-DESI) as well as the Global Innovation Index (GII). The change in the ranking of individual countries according to the GII is presented, top ten leading countries in each group are identified. The authors compare the most popular innovative technological trends, present the expected payback periods for investments in digital solutions in Russia and the world, determine the barriers that hinder the development of digitalization in companies. The analysis carried out shows that against the background of a significant slowdown in the global economic growth, there are concerns about a reduction in R&D, venture capital and intellectual property.

Analyzing trade and financial relations in Russia today

2020 ◽  
Vol 26 (8) ◽  
pp. 1703-1730
Author(s):  
V.V. Smirnov
Keyword(s):  
Economic Growth ◽  
Systems Approach ◽  
World Order ◽  
Financial Policy ◽  
Government Bonds ◽  
Export Prices ◽  
Futures Options ◽  
Managerial Decisions ◽  
Global Recession ◽  
Russian Economy

Subject. The article discusses trading and financial relations of today’s Russia. Objectives. The article is to determine requirements for trading and financial relations to progress in Russia today and evaluate how they influence the economic growth. Methods. The study is based on the systems approach and the statistical analysis. Results. Having analyzed trading and financial relations, I found what can give an impetus to the contemporary economy in Russia, i.e. oil prices, related risks. The article demonstrates that government bonds (federal loan bonds) cushion and set off an increase in the foreign exchange rate. The dynamics of the oil price and the issue of federal loan bonds shape the environment where trading and financial relations evolve in Russia today, i.e. export prices for natural resources outgrowing prices for some commodities; a stalling growth in the acquisition of financial assets, debt instruments and a growth in liabilities, equity and shares of mutual funds; a growing pace of long positions of forward, futures, options contracts due to a slow down in short positions; rising pace of official reserve assets. As long as the international trade slows down and the global recession begins, the existing trading and financial relations resulted in a palpable economic growth. Conclusions and Relevance. Opportunities for the development of trade and financial relations in contemporary Russia are conditioned by the changing world order, which determines the dynamics of economic growth. The findings expand the knowledge and create new competencies of governmental authorities when making managerial decisions to ensure the effective design of the Russian economy in terms of the current trading and financial policy.

scholarly journals Assessment peculiarities of loan obligations for enterprises of investment and construction complex in the context of economy digitalization

2021 ◽  
Vol 244 ◽  
pp. 10004
Author(s):  
Evgenia Grigorash ◽  
Sofiya Samodurova ◽  
Vladimir Grigorash ◽  
Maksat Redzhepov
Keyword(s):  
Banking System ◽  
Market Value ◽  
Developed Countries ◽  
Digital Economy ◽  
Russian Economy ◽  
System Assessment ◽  
The Right ◽  
The Impact ◽  
Article Study ◽  
Credit Institutions

The article deals with the procedure for assessing the market value of loan obligations for enterprises of the investment and construction complex in the context of the digitalization of the Russian economy. The relevance of the topic is confirmed by the fact that digital systems and technologies have been developing rapidly in Russia in recent years, since the level of development of the digital economy is important for increasing the competitiveness of the state with other developed countries. The banking system is inextricably linked with the digital economy, which completely changes the structure of the banking system as a whole, first of all, accelerating all processes, making them more accessible and transparent. The authors of the article study the concept of a digital economy and examine the impact of the digital economy on the banking system. Assessment of the market value of loan obligations in business is a new topic in appraisal activities. The article discusses in detail the approaches to determining the market value of a business, the most suitable methods for determining the market value of a right of claim are clarified and updated. The authors investigated the concept of a collection agency, the procedure for cooperation between credit institutions and agencies. They analyze the statistics on the sale of debts, as well as the advantages for credit institutions of transferring the right of claim to agencies.

scholarly journals Implementation of innovative digital technologies in the world

2020 ◽  
Vol 186 (11-12) ◽  
pp. 28-35
Author(s):  
Irina Ershova ◽  
◽  
Anna Obukhova ◽  
Olga Belyaeva ◽  
◽  
...  
Keyword(s):  
Economic Growth ◽  
Intellectual Property ◽  
Digital Technologies ◽  
Developed Countries ◽  
Digital Economy ◽  
Digital Transformation ◽  
Development Level ◽  
Global Innovation ◽  
The World ◽  
Global Economic Growth

The authors define the goals of digital transformation of countries, highlight the main distinctive elements of their digitalization and classify factors that affect the speed of digital transformation. They assess the development level of digital economy in Russia, Ukraine and developed countries in 2007-2020 according to the International Digital Economy and Society Index (I-DESI) and the Global Innovation Index (GII). The authors provide information about changes in the ranking of individual countries according to the GII and identify top ten countries in each group. The authors compare the most popular innovative technological trends, present the expected payback periods for investments in digital solutions in Russia and the world and determine the barriers that hinder the development of digitalization in the countries and companies. The conducted analysis shows that against the background of a significant slowdown in the global economic growth, there are concerns about a reduction in R&D, venture capital and intellectual property.

scholarly journals ICT and Economic Growth Nexus: Case of Central Asian Countries

2021 ◽  
Vol 1 ◽  
pp. 155-167
Author(s):  
Tursun Shodiev ◽  
Bakhodir Turayey ◽  
Kamoliddin Shodiyev
Keyword(s):  
Economic Growth ◽  
Developed Countries ◽  
Digital Economy ◽  
Gdp Per Capita ◽  
Asian Countries ◽  
Central Asian ◽  
Central Asian Countries ◽  
Per Capita ◽  
The Government ◽  
The Impact

The Government of Uzbekistan declared the year of 2020 as “The Year of Science, Education and Development of the Digital Economy” and is implementing the State Program, aiming at to liberalize the economy, improve market related incentives, encourage private enterprises, to reduce the role of the public sector by introducing ICT and Internet, developing digital economy. In order to understand the causal relationship between ICT investment and economic growth researchers have exert many effort in the world. The results are different: in developed countries the impact of ICT on economic growth is more powerful than in developing countries. This paper aims at finding and measuring causality between Economic growth and ICT development in emerging economies of Central Asian Countries by using panel data over  the period of  19 years  from 2000 – 2018. The research findings revealed that inflation, trade openness, final consumption expenditure and unemployment impact significantly on GDP per capita in Central Asian countries.  The econometric analysis showed  that ICT affects to GDP per capita positively and significantly: one percent increase in ICT contributes to GDP per capita 0.1669 percent (fixed broadband subscriptions) and 0.2218 percent (internet usage).Thus we concluded that information and communication technology together with economic indicators are key part of economic development in Central Asian countries. Reduction of inflation and unemployment allow expanding businesses, to create new job places in the digital economy.

scholarly journals On the level of the tax burden in the Russian economy and the possibilities to reduce it without reducing tax revenues

2018 ◽  
Vol 11 (1) ◽  
pp. 52-62
Author(s):  
M. M. Sokolov
Keyword(s):  
Economic Growth ◽  
Soft Power ◽  
Income Tax ◽  
New Economy ◽  
Developed Countries ◽  
Manufacturing Industries ◽  
Tax Burden ◽  
Russian Economy ◽  
Foreign Countries ◽  
Specific Calculations

In article on the basis of specific calculations the author shows the level of tax burden of the economy and some manufacturing industries in Russia in comparison with foreign countries. On average, this level is about 1.4–1.8 times higher in Russia compared to most developed countries. In order to reduce the tax burden on the business proposes to modernize tax policy in Russia on two fronts. The first direction involves redistribution of gravity of taxation from legal enties to physical with the introduction of their progressive income tax. The second direction to reduce the tax burden, the author relates an urgent need to modernize the depreciation policy in Russia, which should allow to accelerate the pace of economic growth. This direction in the process of reproduction, the author considers as a manifestation of the «new economy», the characteristic feature of which is the active use of «soft power» aimed at forcing the business to better use its profits on investment.

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