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Economics and Management

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Vol 31, No 12 (2025)
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ACTUAL PROBLEMS DEVELOPMENT OF ECONOMICS

1516-1524 16
Abstract

Aim. The work aimed to test practically and evaluate the effectiveness of the proprietary technology of transactional configuration in a project management system using the example of national projects in the Sverdlovsk Region.

Objectives. The work seeks to determine the institutional characteristics of national project implementation at the regional level; identify the sources and structure of transaction expenses; analyze the relationship between formal and informal institutions; and assess the impact of digital tools and management approaches of different generations on the effectiveness of project activities.

Methods. The study was conducted based on interviews and an author’s questionnaire based on the principles of the transactional configuration methodology. The empirical base consisted of 26 questionnaires from specialists and heads of ministries and agencies of the Sverdlovsk Region involved in the implementation of national projects. Methods of institutional and comparative analysis, content analysis of questionnaire responses, and systematization of transaction expenses according to O. Williamson’s typology were applied.

Results. The regional national project management system was established to represent a hierarchical network of formal institutions with pronounced centralization and dependence on informal communication practices. Information (84 %) and coordination (73 %) transaction expenses predominate, due to fragmented data exchange and duplication of functions. The institutional environment stability was assessed as partial (62 %), with regulatory stability and personnel vulnerability predominating. Digital tools were used at all stages of the project cycle (according to 88 % of respondents), with persisting competency deficit (36 %) and insufficient system integration. The analysis revealed differences between management strategies, namely pragmatic-procedural (58 %) and operational-digital (42 %) ones, which generate opposing effects on transaction expenses. The data obtained confirm the analytical relevance of the transactional configuration methodology as a tool for diagnosing institutional mechanisms and optimizing coordination processes.

Conclusions. The transactional configuration methodology allows for structuring stakeholder interactions, identifying transaction barriers, and identifying areas for reducing institutional expenses. Its application contributes to improved consistency in management decisions, the adaptability of project systems, and the sustainable development of digital public administration tools.

WORLD ECONOMY

1525-1534 10
Abstract

Aim. The work aimed to analyze institutional transformation processes within the “Vision 2030” reformatory program and to assess their impact on the economic development of the Kingdom of Saudi Arabia.

Objectives. The work seeks to conduct an interdisciplinary literature review; to explore the problems of the formation and development of institutions in society; to systematize theoretical and empirical research in the context of the chosen topic; to examine current statistical data indicating the dynamics of institutional development in Saudi Arabia; as well as to analyze and evaluate the impact of institutional changes on the implementation of the “Vision 2030” concept and its economic outcomes.

Methods. The author applied literature analysis in the field of institutional economics, a synthesis of empirical and theoretical experience, and a comparative analysis of statistical data.

Results. The Kingdom of Saudi Arabia demonstrates a unique example of its reformatory pathway. The “Vision 2030” program is primarily aimed to achieve sustainable economic development through economic diversification and scientific and technological progress, which principally requires a comprehensive institutional transformation of the country. A key area of institutional change has been the modernization of government institutions. The creation of specialized agencies, the administrative system optimization, as well as openness and transparency became incentives of the development of small and medium-sized businesses, including those with foreign capital. Reformatory efforts found its way into the religious sphere, while accelerating significantly the scientific and technological progress and the development of promising non-oil sectors. Considerable attention has been paid to the establishment of social institutions and the development of human capital as the main driver of the country’s sustainable economic development. Integration into the international community and the gradual “depreservation” of the Kingdom of Saudi Arabia are initiating information and cultural exchange. The country’s reformatory policy is resulting in significant changes in institutional norms and the structure of social relations in a relatively short period, which is positively embodied in the creation of an active “dynamic society” and a sustainable economy.

Conclusions. Despite significant progress in institutional transformations towards implementing the “Vision 2030” reforms, Saudi Arabia faces a number of challenges. Contrary to expectations, foreign direct investment has declined, jeopardizing a number of infrastructure and ambitious innovation projects. This is due to external factors, such as changes in the global market and inconsistent government actions. Traditionally conservative attitudes have become a challenge in social transformations, hindering the creation of a “dynamic society”. Rapid social changes are causing difficulties for a certain segment of the adult population in adapting to new standards and values. Despite the active development of educational programs and efforts to combat unemployment, the employment scheme remains somewhat hampered by the industry diversity imperfection. Nevertheless, the authorities are continuing their chosen reformatory course. Institutional and structural socioeconomic changes in society cannot be fully implemented in a short period of time. However, significant preconditions have been created for constructive transformations aimed at the country’s sustainable economic development.

REGIONAL AND SECTORAL ECONOMY

1535-1546 7
Abstract

Aim. The work aimed to present a methodological project for the implementation of multi-omics technologies in regional healthcare management practices, from setting management objectives and data preparation to assessing economic efficiency.

Objectives. The work seeks to characterize the input data, i.e., the process of their processing and integration; to formulate rules for quality control and the sustainability of results; to demonstrate an economic model with an incremental cost-effectiveness ratio (ICER) calculation and uncertainty analysis; to discuss the specifics of transferring the solution to Russian conditions.

Methods. The authors used principles of integrating heterogeneous data (early, late, and mixed integration), factor and network methods for combining omics layers, and standard procedures for economic evaluation of medical technologies with single-factor and probabilistic sensitivity analysis.

Results. A template for setting management objectives linked to data sources at the level of a constituent entity of the Russian Federation was developed, and its applicability for various scenarios (oncology, cardiovascular, and rare diseases) was demonstrated. The end-to-end process was examined, from the certification of data sets and the integration of administrative, clinical, and omics layers to the construction of clinical benefit indicators (proportion of early stages, mortality, rehospitalizations) and economic evaluation. The work presents a model for calculating the ICER with single-factor and probabilistic sensitivity analysis, as well as a cost-effectiveness acceptability curve. A diagnostic maturity scale (0–5) has been introduced to assess the readiness of solutions for implementation in practice.

Conclusions. The transition to management decisions based on multi-omics data is possible with the availability of standardized and certified kits, transparent processing regulations, and a quality control system. Economic feasibility is confirmed by ICER calculations, taking into account parameter uncertainty, test costs, and regional specifics. Effective implementation requires a gradual transition from pilot projects to routine practice, as well as consideration of ethical and social risks, including the non-discriminatory nature of algorithms. Multi-omics is considered a promising tool for improving healthcare outcomes and rational allocation of resources at the regional level.

1547-1553 10
Abstract

Aim. This work aimed to develop the theoretical and methodological foundations of an organizational and economic mechanism to ensure the sustainable development of hospitality companies.

Objectives. The work seeks to formulate the operating principles of the organizational and economic mechanism for sustainable development of hospitality companies; and to substantiate and characterize the interaction technology of the key components of the organizational and economic mechanism for sustainable development of hospitality companies within the context of a stakeholder approach.

Methods. General scientific methods, including systems and comparative analysis, and structural modeling, were used as methodological tools.

Results. We have developed and proposed a structured model of the organizational and economic mechanism for sustainable development of hospitality companies. This model incorporates a set of principles, methods, tools, and management decisions aimed at ensuring the long-term stability and competitiveness of hospitality companies. A distinctive feature of the mechanism proposed is its emphasis on the use of synergistic interaction tools between enterprises and key stakeholders (government agencies and municipalities, tourism and industry organizations, suppliers, clients, local communities, etc.).

Conclusions. The implementation of the proposed mechanism for sustainable development of hospitality companies contributes to the overall resilience of hotel enterprises, reduces their vulnerability to external risks associated with environmental volatility, and ensures increased effectiveness of management decisions by achieving a synergistic effect in the interactions between enterprises and stakeholders. Systematic partnerships between hospitality companies and stakeholders represent a key factor in their long-term sustainability, as they align interests, mitigate risks, and increase predictability. Systematic and consistent interaction with guests, staff, suppliers, travel organizers, government agencies, and the local community enables hotels to adapt sustainably to changes in the external environment, maintain stable demand, access to resources and investment, and create trust and a reputation as a reliable partner. As a result, such partnerships become the foundation for the long-term financial, social, and reputational sustainability of hospitality companies.

DIGITAL ECONOMICS

1554-1564 6
Abstract

Aim. The work aimed to construct an analytical model for measuring the three-level digital economy development in the regions of the Russian Federation (RF) based on official statistics.

Objectives. The work seeks to examine a number of official statistical indicators reflecting the use of information and communication technologies by organizations to obtain quantitative assessments of the development of individual fields of the digital economy in Russian regions; to identify spatial differentiation among regions based on broadband internet usage by organizations in 2010–2024.

Methods. The work employed a signal-based approach to official statistics and a special grouping of regions, proposed by E. L. Domnich for distributing regions based on average annual enterprise expenditures on innovation.

Results. An analytical model for measuring the three-level (low, medium, and high) digital economy development in Russian regions was constructed based on statistical data on broadband internet usage by organizations in 2010–2024. The work revealed a significant impact of the registered values in the Moscow region on the dynamics of the national indicator. Specific dynamics of individual regions are highlighted, regardless of their membership in a particular innovative group of regions.

Conclusions. The examined features of spatial differentiation of regions by broadband internet usage demonstrate the complex nature of the interaction between digital and innovative criteria. The significant decline in the studied indicator in 2020, which is common to almost all regions of the Russian Federation, including Moscow, suggests hypothesis of economic changes, possibly structural in nature, registered in the digital economy in 2020–2021 in regions of the Russian Federation, that remain in low and medium signal indication zones for the parameter under study. The analytical model developed can be used to analyze other official statistical indicators characterizing the development of the regional digital economy.

BUSINESS MANAGEMENT

1565-1577 8
Abstract

Aim. The work aimed to implement the principle of projective responsibility in managing an entrepreneurial project during digital transformation.

Objectives. The work seeks to develop theoretically sound requirements based on the humanistic theory of entrepreneurship, and implement a practical model for assessing the readiness of an entrepreneurial project for digital transformation in accordance with the HDI (Humanism, Digitalization, Innovation) concept.

Methods. The study employed the methods of analysis, inductive and deductive generalization and synthesis, as well as graphical and tabular visualization.

Results. The study substantiates the close relationship between ethics as a normative science and the institution of entrepreneurship. It examines the issue of sociocultural development from the perspective of economic management philosophy and the concept of “new ethics” which has emerged in the context of the modern digital temporal era. We substantiated and proposed a new model for assessing digital transformation readiness based on the HDI concept. This model allows for a comprehensive assessment of an organization’s current state in a number of key areas and can be used to conduct combined research as part of the monitoring of entrepreneurial projects.

Conclusions. The revolutionary nature of the introduction of advanced information technologies is leading to economic, political, and cultural transformations. The modern economy is becoming dependent on societal ethical and cultural guidelines, while innovative aspirations are beginning to compete with a core set of values. The goals of entrepreneurial activity are expanding to the creation of progressive business models focused on sustainable development. Initiators of entrepreneurial projects must be guided by the fundamental principles of the humanistic theory of entrepreneurship, including the principle of projective responsibility.

1578-1588 6
Abstract

Aim. The work aimed to develop a scientifically-grounded risk management methodology for Agile IT projects that accounts for the specific characteristics of Generation Z. This methodology ensures continuous risk identification and effective mitigation throughout each phase of the project.

Objectives. The work seeks to analyze modern approaches and standards for project risk management, as well as the specific features of Agile methodologies from a risk management perspective; to identify key differences in the nature of risks in Agile projects compared to traditional ones (Waterfall), in particular, risks associated with human factors and organizational culture; to reveal the characteristics of Generation Z specialists when developing an approach to risk management for Agile projects; to develop a conceptual model and a comprehensive risk management methodology for Agile projects, integrated into the iterative development process and distributing risk management responsibilities within the team.

Methods. The study is based on an analysis of modern literature and project management best practices. A scenario approach was used to conceptualize the impact of risk management on project outcomes. A proprietary model was developed that integrates classic risk management processes with Agile rhythms (sprints, standups, retrospectives). A number of practical tools (risk backlog, risk burndown chart, risk owner assignment) and measures for considering the human factor, including the characteristics of Generation Z, in the work of an Agile team are recommended.

Results. The work proposes a methodology for proactive risk management in IT projects implemented using Agile methodologies, enabling the ongoing identification and assessment of negative and positive risks at the team level. The developed model integrates risk management processes into all iterations of an Agile project, providing specialized roles and artifacts to support this process. The characteristics of young Generation Z professionals are taken into account, namely the methodology includes recommendations for adapting team culture and leadership style to reduce generation-related risks and unlock the potential of young employees.

Conclusions. Implementing the proposed methodology in Agile teams helps increase the resilience of IT projects to uncertainty and human factors. Continuous risk management integrated into Agile processes ensures not only the timely prevention of disruptions due to threats but also the maximum use of favorable opportunities. Particular attention to the motivation and values of Generation Z helps reduce turnover risks and simultaneously increase the team’s overall contribution to project success.

FINANCES AND CREDIT

1589-1599 8
Abstract

Aim. The work aimed to conduct a comprehensive analysis of the tariff setting system for services provided by non-public railway transport in 40 constituent entities of the Russian Federation (RF), and to develop recommendations for improving the tariff setting procedure.

Objectives. The work seeks to analyze the current tariff regulation system for industrial railway transport enterprises (IRTE) services in 40 constituent entities of the Russian Federation and identify the applicable regulatory models; to systematize regional differences in methodological approaches to tariff setting; to identify key issues with the current tariff regulation system; and to develop practical recommendations for unifying approaches to IRTE services tariff setting and the monitoring system.

Methods. The study is based on a systems approach and comparative tariff policy analysis methods. Federal and regional regulatory acts on tariff regulation were used as the information base.

Results. The study revealed that most of the analyzed entities of the Russian Federation use a system of state regulation of tariffs for IRTE services. However, three regions have transitioned to free pricing. Significant regional and intraregional tariff differentiation, a lack of a unified tariff setting methodology, and a lack of data transparency were identified. Thus, along with the low profitability of most IRTEs, these can be attributed to the high level of depreciation of fixed assets (tracks and locomotives).

Conclusions. The existing tariff setting system for the IRTE services is characterized by a lack of consistency, differentiation, and economic imbalance. To address the identified problems, we recommend to develop a unified, economically sound tariff calculation methodology with standardization across the list of regulated services. Harmonization of approaches to the selection of tariff regulation models is proposed to create a level playing field for freight transport market participants and improve the transport system efficiency.

1600-1610 16
Abstract

Aim. The work aimed to develop proposals for improving state support for the Russian leasing market in the context of sanctions pressure.

Objectives. The work seeks to study the regulatory framework to identify existing state support measures for leasing; to analyze statistical data for 2022–2025 to assess the market conditions; to substantiate the need for state support for the industry’s development; and to identify systemic limitations to the existing measures effectiveness.

Methods. The study employed systems and statistical analysis methods. The authors examined the legal and regulatory framework governing the state support for leasing. The official statistics and leasing company reports were used to analyze the key market indicators for 2022–2025, such as the leasing portfolio size, the number of contracts concluded, and the share of leasing in the gross domestic product (GDP), which enabled to assess the market dynamics and identify structural issues.

Results. We identified systemic limitations to the effectiveness of current government support measures, including administrative barriers, high market concentration, and structural maladjustments. By 2025, the leasing market transitioned from recovery growth to stagnation, represented by a decline in GDP share of leasing and a decline in the number of new contracts. The value of the leasing portfolio increased primarily due to the period of high key interest rates, rather than the actual expansion of lessors’ operating activities.

Conclusions. We proposed government support measures as ways to overcome these obstacles, namely introducing a differentiated system of industry-specific “subsidy corridors,” developing a government guarantee mechanism, and creating an ESG leasing support program. Particular attention in the implementation of these measures should be paid to small and medium-sized businesses which access to leasing remains critically hindered. This negatively impacts the economic diversification and support for domestic producers.

SCIENTIFIC RESEARCH OF YOUNG SCIENTISTS

1611-1619 12
Abstract

Aim. The work aimed to structure the key elements of Indian policy and practice in implementing closed-loop economy principles within the country’s strategic development, taking into account balanced economic growth and environmental sustainability.

Objectives. The work seeks to analyze the state of the closed-loop economy in India using examples from major sectors such as agriculture, manufacturing, and waste management; and to develop closed-loop economy development strategies, taking into account the country’s economic and environmental situation.

Methods. The author used a mixed-methods approach, combining a qualitative analysis of programme documents, case studies of successful development initiatives, and quantitative surveys of businesses and local governments. Data was collected in five regions with different economic and environmental conditions. Statistical tools and thematic analysis were used to interpret the results.

Results. The study revealed that some regions of India are lagging behind in the closed-loop economy development, nevertheless there are advanced waste management technologies, renewable energy resources integration, and resource application efficiency improvements, while there are still challenges related to infrastructure, insufficient awareness, and there are adjustment policy gaps, and financial constraints. However, the country has significant potential for growth, largely due to increased government support, technological developments, and public participation.

Conclusions. In India, the transition to a closed-loop economy in its regions is still in its infancy, meaning this process has limitless potential to promote sustainable development. A combination of effective policies, network support, and capacity-building programs can remove barriers to the rapid adoption of closed-loop economy principles across the country. Using its strengths and joining forces to ensure national resilience, India is poised to become a global leader in the closed-loop economy.

1620-1633 8
Abstract

Aim. The work aimed to analyze the evolution of organizational and economic mechanisms (OEMs), identify the drivers of their transformation, and develop a conceptual model for ensuring the sustainability of film industry enterprises.

Objectives. The work seeks to determine the chronology and stages of OEM transformation in the global film industry; to systematize the set of internal and external factors (drivers) that have led to changes in OEMs; to identify and classify the key problems in OEM functioning in the context of digitalization and global competition; and to develop a conceptual model of adaptive OEMs that ensure the sustainable development of film industry enterprises.

Methods. This paper examines the evolution of OEM in the filmmaking industry using general scientific cognition methods, including theoretical analysis of classical and contemporary scientific works and a comparative case study of global practices. The analysis identifies systemic problems and defines key areas for developing sustainable models.

Results. A study of the OEM evolution global filmmaking demonstrates their progressive development from the theoretical foundations established by classical economic thought to contemporary digital transformations. The problems of fragmented coordination, inefficient use of resources, and the adaptation challenges facing the filmmaking industry in the context of digitalization and global competition are examined. The experience of leading film markets confirms that the formation of sustainable OEMs is predicated on the synthesis of traditional agglomeration advantages (specialized labor pools, knowledge spillovers) with innovative digital platforms, which helps identify critical efficiency factors. In particular, coordination should be based on hybrid (physical-digital) principles; while the pace of digital transformation of OEMs should be determined by the readiness of institutions and the development of market infrastructure.

Conclusions. Studying the OEM evolution in the filmmaking industry as a process, identifying key stages and their characteristic measures, enabled to identify national and industry-specific issues of coordination, monetization, and risk management, as well as to develop a systemic understanding of the factors that ensure the sustainability and competitiveness of enterprise complexes. These factors include the adaptability of institutions to external shocks (sanctions, crises), the effective integration of traditional principles (agglomeration) with digital innovations (AI, blockchain, NFT), and the creation of flexible hybrid models that combine the physical concentration of creative resources with networked digital ecosystems.

1634-1646 10
Abstract

Aim. The work aimed to compare systematically the differences in the strategic positioning of China and the USA in the development of smart cities driven by artificial intelligence (AI), and to study their impact on global market competitiveness.

Objectives. The work seeks to compare and analyze the differences in the strategic positioning of China and the USA in promoting the development of AI-driven smart cities, as well as assess how these strategic differences shape the competitive landscape in the global smart city market.

Methods. The author used a mixed research method, combining qualitative and quantitative methods, comparative analysis, calculations of indicators, statistical data induction, and literature analysis to compare systematically the strategic positioning and market competitiveness of China and the USA in the field of AI-driven smart cities.

Results. China employs a government-led top-down model, promoting pilot projects and infrastructure construction through national policy, emphasizing rapid technology implementation and the integration of all stages of the production chain. The United States of America is market-oriented, relying on the innovative capabilities of Silicon Valley technology companies and a public-private partnership model, focusing on technological originality and commercial applications.

Conclusions. The study results revealed that in the future, China, owing to its government-led, large-scale advantages, will be able to take a leading position in smart city infrastructure construction and advancement in emerging markets. While the USA, relying on a market-oriented innovation ecosystem and accumulated core technologies, will continue to dominate the high-tech market, maintaining superiority in fundamental AI research and high-value-added fields.

1647-1656 8
Abstract

Aim. The work aimed to develop scientific and methodological principles for an adaptive risk management concept that determines the prioritization of risk management methods depending on the level of economic instability.

Methods. The concept’s principles were developed based on a synthesis of Russian and international risk management literature, empirical hypothesis testing, and project modeling. The baseline hypothesis was verified through a survey of 302 manufacturing employees (Cronbach’s α = 0.84). Practical recommendations are proposed for implementation at two metal-processing companies.

Results. The work developed and empirically validated the key principle of the adaptive risk management concept on a direct link between the current level of economic instability and the application of risk management methods in organizations. The central tenet of the concept, specifically the rule for dynamic change of the applicability (priority) of risk management methods depending on the identified level of economic instability, was formulated and formalized. This provision is implemented in the form of a method application matrix, which assigns a numerical priority (1–5) to each of the 20 risk management methods for each of the five levels of external economic instability. We provided a rationale for operationalizing the concept through digital tools. In accordance with this provision, we designed the architecture and interface of the corresponding software modules. These modules facilitate the adaptive selection of methods depending on the level of economic instability and demonstrate the operation of the rule formulated. Prototype software modules were designed and integrated into the proposed concept. These include a Production Risk Management Center, a risk management method designer, a risk management method effectiveness matrix depending on the level of economic instability, a risk management method registry, and an analytical module for calculating the level of economic instability based on regression analysis and deviations from trend. We proposed a provision on the industry specification of the risk management methods included in the matrix. For each of the 20 selected methods, we developed recommendations for their application, taking into account the goals and conditions of manufacturing enterprises (for example, using failure modes and effects analysis for proactive equipment failure analysis, and the “bow tie” method for visualizing critical assets).

Conclusions. The combination of the developed principles forms a holistic concept that elevates an organization’s risk management to a higher level, activating a dynamic, context-sensitive risk management mode.



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ISSN 1998-1627 (Print)