Assessment of Oil Rent of the Russian Federation

The article presents the position of the author, relating to such an important economic concept as oil rent. The oil rent of the country, estimated in the world economic space, is determined and considered. A mathematical model is presented that allows calculating such rent using available statistical information. The method of obtaining initial data is described and the results of specific applied calculations are given. The interpretation of oil rents as super-profits of oil companies, established in economic science, affects, according to the author, only a part of the economic benefits that the country receives by developing its oil fields. If we consider such deposits as a natural gift, then it is possible, according to the author, to estimate the full size of this gift only as a result of comparing the real situation with the virtual one, in which there are no such deposits or they are, but are not exploited. The result of such a comparison is considered in the article as the oil rent of the country, estimated in the world economic space. As an illustration, the results of calculations of the oil rent of the Russian Federation for 2011, 2013, 2015 and 2018 are given. А brief analysis of the results obtained and their dependence on external economic circumstances is given. For the purpose of comparison, the calculation of the oil rent of Saudi Arabia for 2018 is given.

Processes and Trends of Modern Transformation of the Socio-Economic Space of Russia and the World

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Application of the New Resource Approach to the Study of the Parameters of the Industrialization Economy

The processes of industrialization, reindustrialization and new industrialization differ not only in the content and mechanisms of implementation, but also in the set of resources required for their application. New industrialization as a process of quantitative and qualitative changes in the economy is based on a complex of resources. These resources are necessary, on the one hand, for the modernization of traditional industries, and on the other hand, for the formation of promising economic activities and industries. Keeping a balance between the resources used to achieve the goals of modernization and innovative development in order to achieve the goals of modernization and innovative development is one of the tasks of a methodological nature and requires the development of appropriate theoretical approaches and models. At the same time, the second most important task is the application of such theories and concepts that will provide a solution to the problems associated with the identification, assessment and description of the parametric characteristics and functions of resources in the system of industrial development of the domestic economy. To solve these problems, the article highlights the features of new industrialization; its differences from such phenomena as industrialization, deindustrialization and reindustrialization. It is substantiated that the use of the resource concept as a methodological basis for new industrialization will make it possible to determine the following: to draw up a typology of the resources of new industrialization; identify criteria for strategic and complementary resources of new industrialization; to identify the subjects of relations in the resource allocation system, as well as their specific functions. The article concludes that modernization processes are provided mainly by massive resources and complementary capabilities and competencies, while the processes of innovative and technological development within the framework of the new industrialization of the economy presuppose the presence of strategic, unique resources and competencies.

Express-Evaluation of Industrial Enterprises Operations in Moscow with Universal Composite Indicator

Recent years were a transformation period of the analytic systems to support management decision-making on continuously available open data away from official periodic reports. In this regard, the system of control and supervision of management objects by the state controlling bodies is changing, new sources of information are included; monitoring of the external environment and media space is introduced. The author proposes an approach to the formation of a generalized key indicator for rapid assessment of the object of management (on the example of an industrial enterprise) on the basis of open data from the Internet. The object of the research is developing universal comprehensive indicator for rapid assessment of the compliance of the economic object of management on the part of regulators or relevant services on the basis of structured and unstructured data from the Internet. Scientific novelty of the study is to propose the concept of building a universal comprehensive indicator (UCI) based on a logical function that uses an extended set of arguments, including both continuous and discrete variables. Transformation into the values of the indicator is proposed using the logical rules, given the requirements for the control object from the regulators. Main results of the work: the concept of constructing universal comprehensive indicator allowing to get an express assessment of the state of the object in control was developed. The algorithm was tested to assess the need and feasibility for the state authorities in the financial assistance of the Moscow industrial enterprise. The approach in this research is applicable to current monitoring of the situation due to official reporting at the tactical level of management.

The Integral Index of Business Activity: Methods of Constructing

The article deals with the formation and use of the business activity index for the analysis, forecasting and regulation of the development of the Russian economy. The possibilities of forming the Business Activity Index of the Institute of Economics of the Russian Academy of Sciences by basic spheres of the economy (Index of the Institute of Economics RAS) are analyzed and its advantages are substantiated in comparison with the Index of Output of Goods and Services by the basic types of economic activities of Rosstat (Rosstat Index). The analysis of the dynamics of the IE RAS Index and the Rosstat Index after the socio-economic crisis of 2014–2015 until the second half of 2021, including the period of the coronavirus pandemic, has been carried out. A list of macroeconomic indicators characterizing the level of business activity in the spheres of the national economy included in the IE RAS Index is presented. Analysis and comparison of the dynamics of the IE RAS and Rosstat indices showed that the main advantages of the IE RAS Index lie in a more accurate determination of the timing of the onset and overcoming of crisis processes, as well as the depth of their impact on socio-economic development. Particular attention is paid to the analysis and comparison of the dynamics of business activity in the post-crisis and pandemic periods. It was found that the maximum drop in business activity, caused largely by restrictive measures in connection with the coronavirus pandemic, was observed in 2020. It is noted that the maximum growth in business activity for the period under review fell on the first half of 2021. This growth is confirmed by the dynamics of business activity indices according to the methodology of the Institute of Economics of the Russian Academy of Sciences and Rosstat. The paper concludes that the IE RAS Index provides a more accurate integral assessment of the macroeconomic dynamics of business activity; it is proposed to widely use it in state accounting and management, forecasting and strategic planning.

Social Justice as an Incentive and a Brake on Economic Development: The Contradictions of the USSR as Challenges for the Future

The article examines the experience of the USSR in the field of solving the problem of correlation between social justice and economic efficiency. The characteristics of those aspects of Soviet experience in the sphere of implementation of social justice principles in the sphere of labor and distribution, which have potential for application in the conditions of modern capitalism to respond to the current challenges, are outlined. Firstly, it is noted that social justice is not reduced to inequality of income and distribution of wealth but is considered in connection with the human factor of economic development. In an expanded understanding, social justice includes a measure of access to basic resources such as labour, housing, education, health and other areas of human development. The experience of the USSR is characterised by the fact that, on the one hand, the universal availability and security of these basic resources (public goods) created the grounds for stimulating human development. On the other hand, the violation of these declared principles in practice (due to the development of bureaucratic privileges and benefits, the shadow economy, etc.) caused serious negative incentives, which became one of the elements in the system of reasons for the departure of “real socialism” from the historical scene. Secondly, the article points out that the Soviet system of income generation based on the principles of labour distribution was a combination of planned-normative and market-capitalist principles designed to create economic “egoistic” incentives. To the extent that this system was implemented, it succeeded in stimulating productivity and labour (but not market) initiative. But the manifestation, and in later stages of the USSR's development – in some cases the predominance, of bureaucratic-voluntarist foundations in the system created rather negative incentives. Relations of alienation in the sphere of appropriation and disposal of public property undermined socialist incentives to work and social innovation. The author concludes that some of the achievements of the Soviet system in the realisation of social justice are possible and effective in meeting the challenge of sustainable development in the 21st century. In particular, practices that were developed in the Soviet system, such as the provision of basic goods that are publicly available and free to users, the use of forms of work organisation based on a combination of competition, solidarity and self-government, etc., remain important.

Theoretical Aspects of the Digital Economy

The aim of the study is to verify the theoretical content of the digital economy. Within the framework of the set goal, the following tasks were solved: substantiation the fragmentation of private analytical developments and the lack of their necessary generalization for comprehensive disclosure of the essence of the phenomenon of the digital economy; characterization of current trends in financial markets, in the spheres of production and employment of the population; disclosure of the socio-economic essence of the virtual space; forecasting the main contours of the material basis of the future. The article discusses the basic provisions of the theory of digital economy, synthesizing the practical experience of its formation in the Russian society. The new content of commodity-money relations, the leading role of intangible assets in it, the objective nature of the monopoly of electronic money, which has lost a number of its specific functions, and the transformation of monetary institutions into multi-disciplinary financial concerns are substantiated.

Strategy of Digitalization and Real Russian Economy

The article is devoted to analyzing realization of the declared recently thesis on general digital transformation of Russian economy and real situation connected with implementing national program and project “Digital Economy of the RF”. As an example a construction industry and agriculture are regarded. A conclusion is made that valuable digitalization of these industries is impossible without changing the economic strategy of the country. The present construction boom causes huge inflow of migrants, who cannot use digital technologies, and makes living in large cities more and more discomforting. And to speak on digitalization of agriculture on the whole doesn›t make sense at all. Fair realization of separate projects in different industries of agro-industry complex that allow getting maximally rapid effect from their introduction is possible.

Soviet Planning: What and Why Is Relevant in the XXI Century

Planning has become widespread in countries with different socio-economic systems. At the same time, both the evaluation of the results of using planned methods and these planned methods themselves have significant differences. They depend both on the features of the socio-economic systems in which planning was applied, and on the tasks that it solved. To study these dependencies, it is useful to turn to the experience of planning in the USSR, which demonstrates different options for using planning methods. During the years of the new economic policy, planning functioned in the conditions of a broad development of market and capitalist relations. Therefore, the planning methods were adapted to the market conditions. The planning itself was mainly indicative, and the achievement of planned results was built by influencing the economic interests of economic entities. Therefore, it is possible to find a significant similarity in the model of Soviet planning during the years of the new economic policy and those planning methods that were used in the post-war period in Europe, Japan, and then in the new industrial countries. The model of directive planning, which was developed in the USSR in the 1930s of the twentieth century, provided both certain advantages in the development of the economy (the mobilization and concentration of significant masses of resources for deep structural changes in the economy, the implementation of large scientific, technical and social projects), and was burdened with serious contradictions. The Soviet model of directive planning did not have effective institutions that expressed the economic interests of enterprises and their collectives, did not create incentives for technical re-equipment of existing enterprises, and ultimately led to the predominance of the interests of the top government departments. To prevent the development of such contradictions, one-sided reflection of the interests of narrow social groups, the planned system should be built on democratic grounds.

Culture as a Conceptual Vector of Economic Modernization

The article shows that at present the processes of total marketization have spread to the sphere of artistic culture, in which more and more the value of a creator and the results of his activity is evaluated in terms of market and capital. It becomes one of the factors of the economy stagnation that lasts for decades, in particular, in Russia. Meanwhile, the existing experience of modernization in the USSR shows that there is a powerful feedback when culture and, in particular, art, become an important factor and conceptual vector of socio-economic and technological modernization. The means for this can be and have been historically long-term strategic development programs linking together technological, scientific, economic, educational and cultural transformations, mass labor enthusiasm, the inclusion of workers in social creativity and other relations and institutions that transform a person from a passive object (an employee, consumer) into an active creator. The history of the USSR gives contradictory examples of such relations formation (the GOELRO plan, etc.).