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Economics and Management

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Vol 26, No 11 (2020)
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ACTUAL PROBLEMS DEVELOPMENT OF ECONOMICS

1170-1179 2220
Abstract

Since the second half of the XX century, the trend of globalization has increasingly led to the use of high-tech developments and innovations that make it possible to achieve strategic goals set at the national, regional, industrial or corporate level. All this requires carefully developed strategies that make allowance for global challenges which are based on advanced technologies that able to use them successfully as a competitive advantage at every stage of strategizing.

Aim. The presented study aims to determine the role of advanced technologies in achieving strategic goals of great social significance.

Tasks. The authors determine the correlation between the key elements of strategy, the process of finding and using advanced technologies in determining the development vector and achieving certain strategic goals; emphasize the importance of innovative technologies in development strategies; show that technology transfer is an efficient strategic tool for implementing advanced technologies to improve all aspects of the population’s quality of life (material, intellectual, emotional).

Methods. This study is based on the general theory of strategy and strategizing methodology developed by the Center for Strategic Research of the Institute of Mathematical Research of Complex Systems and the Economic and Financial Strategy Department at Moscow School of Economics at Lomonosov Moscow State University. The strategic principles of developing practical strategic documents are considered. The study uses the methods of analysis and synthesis, analogy, comparison, generalization, induction and deduction.

Results. The authors develop conceptual frameworks for finding, evaluating and implementing advanced technologies in strategizing. The study describes the role of advanced technologies in improving all aspects of the quality of life: material, intellectual and emotional.

Conclusions. Advanced technologies play a crucial role in strategizing. Their application guarantees the achievement of the strategic goal of each strategy aimed at improving all aspects of the population’s quality of life (material, intellectual, emotional). At the same time, the strategic system for monitoring, finding and transferring technologies is designed to detect and use innovative developments in a timely manner to ensure effective achievement of this goal.

1180-1189 487
Abstract

The presented study determines the prospects for implementing and spreading transportation technologies based on the principles of magnetic levitation as an innovative infrastructure framework for the formation of Global Eurasia.

Aim. The study aims to determine and analyze the mutual influence of integration processes in the formation of Global Eurasia and the spread of transportation technologies based on the principles of magnetic levitation within this space, particularly along the North-South line, as the foundation for socio-economic, industrial, and technological priority development of the region’s countries.

Tasks. The authors reveal the limited applicability of the traditional principle of wheel-rail movement in modern reality; indicate the undesirability and impossibility of blindly copying magnetic levitationbased movement projects implemented abroad; consider vacuum-levitation transport systems (VLTS) as innovative infrastructure projects that are too radical, excessive in quality, expensive to implement, and limited in the scope of application; determine the undesirability factors of priority development of passenger Maglev transport over cargo transport; systematize the competitive advantages and implementation problems of the North-South high-speed cargo transit highway project and the technological competitive advantages of the open Maglev system.

Methods. This study uses the methods of system analysis, theory of techno-economic paradigms, manufacturing-technological balance of the economy, evolutionary-institutional theory, and worldsystem analysis.

Results. The authors verify the hypothesis that the mutual influence of integration processes in the formation of Global Eurasia and the spread of transportation technologies based on the principles of magnetic levitation within this space, particularly along the North-South line, serve as a foundation for socio-economic, industrial, and technological priority development of the region’s countries, allowing them to become global leaders in the future.

Conclusions. The study proves that adaptation and localization of production of advanced traditional high-speed highway systems based on the wheel-rail principle in Russia will not change the catchingup nature of development of the country’s transit transport system. It also shows that transportation by Maglev trains combines the advantages of both mass modes of transport and high-speed movement. This type of transportation is therefore attractive to customers who use a combination of the maritime fleet or traditional railways and air transport. The authors emphasize the need for mass production and distribution of Maglev technology and its application over long distances, which will help to achieve economies of scale, develop manufacturing and technological competencies, ensure operational safety, and provide a sufficient number of spare parts and components.

MODERNIZATION OF THE REGIONAL ECONOMICS

1190-1199 366
Abstract

Aim. The presented study aims to confirm the hypothesis that the type of economic immunity of a territory is determined by a specific concentration of activity of economic entities, with the foreign economic complex of the region playing an important role.

Tasks. The authors expand the notion of economic immunity of a regional system and identify its influencing factors; develop a methodological approach to assessing the impact of the foreign economic complex on regional immunity; test the assessment methodology and formulate directions for improving the operation of the foreign economic complex in the context of transformations in the economic immunity of regional systems.

Methods. This study uses general scientific methods of cognition to examine the concept of regional economic immunity and substantiate the structure of the region’s foreign economic complex from the perspective of its interaction with certain economic processes occurring in the regional system. Regression models serve as the basis of the methodological approach to assessing the degree of influence of the foreign economic complex on the formation of regional economic immunity.

Results. The proposed original methodology is tested by analyzing data for 2012-2018 on the development of 59 constituent entities of the Russian Federation that are industrial regions and have foreign economic relations. The performance of the regional foreign economic complex and its correlation with the region’s development indicators are determined. Three main types of economic immunity of regional systems (extractive, inclusive, and mixed) are identified, forming under the influence of the foreign economic complex, and the examined regions are grouped by types of economic immunity.

Conclusions. Based on the determined characteristic differences in the formation of the types of regional economic immunity, and with the inclusive type being the most effective option for diversifying exports, creating new jobs, and improving the population’s quality of life as a whole, the necessity of incentives in the transition of regional economies towards the formation of this type of immunity is substantiated. This makes it possible to identify three main scenarios of transition towards the inclusive type of regional economic immunity: the first scenario involves the transformation of the extractive type of immunity into mixed, allowing for a smoother transition towards the desired type and for the establishment or reformation of existing institutions in the territory; the second scenario involves the transformation of the mixed type of immunity into inclusive by diversifying the economy and exports; the third scenario is premised on enhancing the inclusiveness of immunity by expanding exports of high-tech products.

DIGITAL ECONOMICS

1200-1209 330
Abstract

conditions for the introduction of digital technologies and its own level of potential. This makes the issues of assessing the digital potential of economic systems at various levels increasingly important. The presented study expands and assesses the concept of the potential of industrial complexes in the context of digital transformations.

Aim. The study aims to assess the digital potential of industrial complexes based on the analysis of regional conditions for the use of information technologies and information and telecommunications networks.

Tasks. The authors substantiate the urgency of the problem and the experience of solving it; explore the essence of the potential of industrial complexes in the context of digital transformations, summarize approaches to its assessment, characterize the digital potential of the industry; assess the digital potential of the regions of the Russian Federation as specific territories where industrial complexes are located; propose ways of increasing the digital potential of territories.

Methods. This study uses general scientific methods of cognition and methods of comparative analysis to develop the general research logic and explore the essence of the examined phenomena and processes. It also uses such methodological tools as analytical introspection (determining the estimated phenomena of the examined object through the analysis of practical materials) and theoretical cognition (grouping and summarizing scientific research in the field of digital transformations in the economy). Methods of applied statistics and cluster analysis are used to examine various aspects of the use of information technologies and information and telecommunications networks in regional Russian organizations. Applied software Excel and IBM SPSS Statistics are used to perform calculations, process and evaluate the information used in the study.

Results. The authors conclude that it is necessary to separate digital potential from the structure of potential of industrial enterprises and complexes. Digital potential is described as an opportunity for enterprises to build a more effective management system through digital technologies and/or their implementation in production processes. By using the total placings method and data clustering based on intergroup relations, the authors are able to rank regions of the Russian Federation and group them into six clusters by the degree to which information technologies and information and telecommunications networks are used in organizations. Major directions for increasing the digital potential of Russian regions as specific territories where industrial complexes are located are proposed.

Conclusions. The conducted study explores the essence of the potential of industrial complexes in the context of digital transformations, summarizes approaches to its assessment, and determines the essence of the digital potential of the industry; assesses the digital potential of Russian regions as specific territories where industrial complexes are located; proposes ways of increasing the digital potential of territories.

1210-1216 427
Abstract

Aim. The presented study aims to develop conceptual approaches to the formation of infrastructure for the innovative transformation of entrepreneurship in the digital economy, which would make it possible to optimize the management system of regional economic entities aimed at creating a favorable climate for the generation, development, and implementation of innovations in the Russian socioeconomic system.

Tasks. The authors analyze conceptual approaches to the formation of a system of infrastructural support for the innovative transformation of business structures based on a comprehensive analysis of the parameters of its subsystems; substantiate priority directions for the development of regional infrastructure with a view to ensuring sustainable operation of economic entities; propose scenarios for the formation of regional infrastructure based on digital technologies for the transformation of innovation activities of companies.

Methods. This study is based on the classical corporate life cycle theory, which includes mechanisms and organizational structures that facilitate the sustainable development of business structures in the digital economy. Theoretical and practical recommendations for innovation management and system analysis of the formation of competitive advantages of regional economic entities are used with allowance for current trends in the world economy and geopolitical risks.

Results. Infrastructure support for the innovative transformation of business structures in the digital economy should allow for the reloading of the logistical, technological, financial, economic, informational, personnel, and communication units of the company’s integrated functioning system. Digital technologies transform system-wide, strategic, marketing, information, and communication methods of development and implementation of management decisions within regional socio-economic systems.

Conclusions. Infrastructure support for the innovative transformation of business structures largely depends on the use of digital methods that allow for the implementation of information and communication platforms making it possible to optimize the organizational management structures of companies. The effectiveness of innovative transformation can be increased by accelerating and simplifying business processes; increasing the level of transparency and reliability of procedures performed on the web and implemented in business applications; structural transformations of forms of interaction with customers based on modern interfaces and access to complete information about consumer preferences; ensuring the availability of services provided on a cloud platform; achieving a high level of security of the knowledge base. Digital technologies have made the effectiveness of company management more dependent on the parameters of economic security and indicators of the quality of the information and communication infrastructure used at all stages of the functioning of the regional socio-economic system. Business communications in the global market of goods and services are accelerating and simplifying.

NATIONAL ECONOMIC POLICY AND CORPORATE MANAGEMENT

1217-1226 391
Abstract

Aim. The presented study aims to identify stages and propose an algorithm for assessing the intellectual capital of an innovative industrial cluster.

Tasks. The authors classify the types of intellectual capital of an innovative industrial cluster; propose the structure of the intellectual capital of an innovative industrial cluster; develop the stages for assessing the intellectual capital of an innovative industrial cluster and an algorithm for assessing the intellectual capital of an innovative industrial cluster.

Methods. This study uses a combination of general scientific and natural scientific methods of cognition: observation, generalization, abstraction, and the graphical approach. These methods are used to consistently solve the tasks of the study.

Results. During the analysis of the types of intellectual capital of innovative industrial clusters, the authors classify them according to three criteria: carrier, involvement in the processes of the innovative industrial cluster, and the type of existence. The proposed classification allows the authors to develop the structure of intellectual capital of an innovative industrial cluster, which is presented in the form of four levels characterized by compressibility. The authors develop and describe the stages of assessing the intellectual capital of an innovative industrial cluster and propose an algorithm for its assessment consisting of three stages: preparatory, main, and final.

Conclusions. The study describes stages and an algorithm for assessing the intellectual capital of an innovative industrial cluster, which can be used to manage intellectual capital in order to increase its value and develop an innovative industrial cluster.

1227-1235 514
Abstract

The presented study examines the comparative characteristics of industrial revolution targets, national goals, and strategic objectives for the development of the Russian economy; proposes methods for measuring and evaluating technological development; describes its impact on economic growth and shows the performance of enterprises.

Aim. The study aims to determine the specific features of formation of economic and social development targets and the potential of new technologies, including breakthrough technologies, for shaping the technological development of the Russian economy; to propose methods for measuring and evaluating technological development and its impact on the growth and development of the national economy that would improve the quality of economic and managerial decision-making.

Tasks. The authors clarify the interpretation of the concept of breakthrough technologies; identify distinctive features in the formation of industrial revolution targets and priority targets for the development of the Russian economy; substantiate methodological approaches to identifying parameters and indicators, methods for measuring and evaluating the level of technological development, its impact on the results of changes in economic growth and development of the national economy and its economic entities.

Methods. The authors use the methods of scientific research, theoretical and comparative analysis, synthesis, generalization, general theory of economic growth, and elements of the economic efficiency theory.

Results. The interpretation of breakthrough technologies as dominant new technologies that can ensure accelerated progressive development of the economy and minimize damage to the natural environment is clarified. The distinctive features of formation of industrial revolution targets and their relationship with the targets for the development of the Russian economy are identified. Evaluative features are substantiated; indicators for measuring and evaluating the transformation of the technological development of enterprises engaged in different activities and indicators for measuring and evaluating the impact of new technologies, including breakthrough technologies, on economic growth and development are proposed. The influence of the recommended measurement and evaluation methods on improving the quality of management decisions is shown.

Conclusions. The study substantiates the need to improve methods for assessing the actual achieved (projected, planned) level of technological development as a necessary prerequisite for its qualitative analysis, evaluation, control, and monitoring required to make sound economic and managerial decisions. The proposed methods for measuring and evaluating technological development, measuring and evaluating the impact of new technologies, including breakthrough technologies, on the quality of economic growth, efficiency and competitiveness of the national economy (region, industry, activity, enterprises) improve the quality of managerial decision-making in achieving national goals for the development of the national economy.

1236-1244 312
Abstract

The presented study focuses on the problem of increasing the participation of institutional investors in climate finance.

Aim. The study aims to identify key drivers and barriers for increasing the participation of institutional investors in climate finance.

Tasks. The author considers the transformation of the concept of the fiduciary debt of institutional investors; examines international efforts to address climate risks and mobilize institutional investment in low-carbon projects; analyzes factors preventing wider engagement of institutional investors in climate finance.

Methods. This study used general scientific methods of cognition, such as synthesis and analysis.

Results. The transformation of the concept of the fiduciary debt of institutional investors is described and its modern interpretation is provided. Factors facilitating the consideration of climate risks and increasing the role of institutional investors in climate finance are identified. The main barriers to considering climate change issues in the investment decisions made by institutional investors are identified.

Conclusions. Common approaches to financial policies and regulations are being actively developed at the international level to help mobilize institutional investment in climate change projects. Credible international structures in the field of responsible investment, such as PRI, have a significant influence on the way investors address climate-related risks and opportunities when making decisions. Along with the drivers for institutional investment, numerous barriers still remain.

EDUCATION

1245-1257 448
Abstract

The topic of the presented study is relevant due to a new trend in the development of the education system – digitalization of education, which changes the paradigm of educational relations. Digitalization of the economy in general and education in particular declared in federal strategic documents over the last two decades and until 2024 has been unexpectedly boosted by the quarantine measures taken in spring 2020 and the mass transition of the participants of educational relations into the online format. This topic requires special consideration due to its uniqueness in the context of transforming relations in any field of human activity, especially in the context of human relations transitioning from the analog offline world to the online domain.

Aim. The study aims to present theories explaining the changes in educational relations in digital reality and to empirically assess the level of preparedness/unpreparedness of the subjects of educational relations for actual changes in their roles required for constructive digital interaction.

Tasks. The authors select theoretical grounds for explaining changes in the educational relations between subjects in the context of digitalization; determine the ideas of participants about the phenomenon of “digitalization of education”; analyze the results of surveys in the logic of expectations of respondents with different characteristics from digitalization of education; compare the results of surveys addressing the problem of digitalization of education before and after the mass transition of school education into online mode.

Methods. This study includes a theoretical and an empirical part. The search for an explanatory theory of changes in educational relations focuses on the theoretical substantiation of the phenomenon of changes on the one hand, and on empirical substantiation of the existing problem of a blurry vision of school stakeholders about the phenomenon of digitalization of education on the other hand. The empirical part includes a fragment of a three-stage sociological survey aimed at the preliminary identification of ideas about the phenomenon of digitalization among people of different ages and professional status before and during the COVID-19 pandemic.

Results. A “portfolio” of theories that are relevant to the topic of the study and explain the essence of changes in educational relations in the context of digitalization is developed. Definitions of “digitalization of education” and “transformation of educational relations” are provided. The theoretical block, based on the concept of an interdisciplinary approach, is supplemented by empirical data obtained from surveys of more than 1,700 respondents from different regions, different professional status, and different ages, the results of which are used to verify (or refute) the hypothesis about the relevance of changes in educational relations in digital education.

Conclusions. The results of empirical research and contextual goals presented in the study do not give grounds for asserting that digitalization of education becomes a trigger for changes in educational relations. This conclusion does not contradict the basic explanatory theory – the theory of liminality. The transition of relations from the usual state to a new one takes time, since it involves the loss of previous statuses (roles) in educational relations, where the understanding of the hierarchy in the structure of these relations is invalidated.

1258-1262 586
Abstract

Aim. The presented study aims to assess the socio-economic aspects of higher education transformation based on the widespread use of digital technologies.

Tasks. The author describes the essence of digital inequality (digital divide), determines the place and role of teachers and students in the transformation of education driven by digital technologies, and highlights the specific features of virtual reality.

Methods. This study uses the methods of the systems approach, comparative and structural analysis, analytical and theoretical generalization.

Results. The author outlines the concept of a new paradigm of education based on the widespread use of digital technologies and transformed roles of teachers and students.

Conclusions. Digitalization of education has made it possible to form an individual educational trajectory based on different forms of presentation of educational content and its communication from the teacher to the student, including using such technologies as virtual reality and artificial intelligence.

SCIENTIFIC RESEARCH OF YOUNG SCIENTISTS

1263-1270 526
Abstract

Aim. The presented study aims to formulate the methodological basis of a market mechanism for ensuring the efficiency of investment and construction projects in the context of negligible transaction costs.

Tasks. The authors analyze the effect of the relationship between the subjects of an investment and construction project on its efficiency; examine the major groups of fundamental economic mechanisms for enabling integration cooperation between economic entities; describe the IPD approach as the methodological basis of a market mechanism for ensuring the efficiency of investment and construction projects; define the principles of formation of local and global maximum economic effects of investments at the stage of an investment and construction project; formulate the methodological foundations of an economic IPD partnership, which is viewed as a market mechanism for maximizing the integral effect of an investment and construction project.

Methods. This study uses general scientific methods of cognition and the institutional approach, which considers the market, organizational, and government groups as the fundamental economic mechanisms for enabling integration cooperation between economic entities, to develop the economic fundamentals of the IPD approach as a methodological basis of a market mechanism for ensuring the efficiency of investment and construction projects.

Results. During the implementation of investment and construction projects, the so-called mutual effects of independent entities arise when changes in the cost and/or duration of one stage of the project affect the quality of the results at another stage. The need to develop mechanisms for ensuring the integral efficiency of investment and construction projects by compensating for efficiency losses at each stage is substantiated. In the case of negligible transaction costs, the best such mechanism would be to establish voluntary agreements between the parties based on a market mechanism. In investment and construction management, IPD contracts serve as the instrument of such agreements. The authors develop a methodological basis for an economic IPD partnership by differentiating the subjects included in the IPD contract in correlation with their costs and results within the investment and construction process and by establishing the conditions for remuneration payments and internalization of "internal" externalities by types of subjects in the IPD project.

Conclusions. Economic interaction modeled according to the presented methodology is meant to ensure a cognitive IPD partnership combining the knowledge, competencies, and interests of different subjects, experts and specialists, which in turn serves as one of the mechanisms for maximizing the integral effect of an investment and construction project. Having a common digital information space for the project is a modern prerequisite for a successful IPD partnership based on the presented model of economic interaction between subjects.
1271-1277 463
Abstract

Aim. The presented study aims to examine project initiatives and proposals for improving funding mechanisms for infrastructure projects based on public-private partnership in the Russian Federation.

Tasks. The authors consider approaches and project initiatives of the G20 countries pertaining to the implementation of public-private partnership projects in the context of the adaptation of infrastructure projects to the Russian market (for the purpose of improving the quality and efficiency of the implementation of infrastructure projects in the Russian market).

Methods. The methodological basis of this study includes works of Russian and foreign researchers in the field of public-private partnership and project financing. The authors use methods of scientific research (expert and comparative analysis, grouping and generalization) selected in accordance with the goals and objectives of the study as well as information publicly available on the official websites of the ROSINFRA platform and the Ministry of Economic Development of the Russian Federation.

Results. Comparative analysis of foreign and national practices in the public-private partnership market makes it possible to identify a number of potential initiatives, including a new approach to the examination of infrastructure projects and proposals for attracting additional investment resources to the public-private partnership market. Adaptation of foreign competencies to the Russian public private partnership market will drive the transformation of the current PPP project model in Russia.

Conclusions. Analysis of methods used by the G20 to assess and implement infrastructure projects based on public-private partnership makes it possible to formulate potential initiatives and proposals for improving approaches to the implementation of infrastructure projects based on public-private partnership in the Russian market and to determine the development vector for the national infrastructure project model.



ISSN 1998-1627 (Print)