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Economics and Management

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Vol 28, No 11 (2022)
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ECONOMIC THEORY

1088-1099 339
Abstract

Aim. The presented study aims to assess the impact of modern development trends on the sharing economy.
Tasks. The authors analyze the development of the sharing economy across different periods; formulate and test hypotheses about the impact of technological and social trends on the development of the sharing economy; substantiate the division of the examined period into four stages; describe the revealed patterns using single factor regression models.
Methods. The study includes four stages: data selection and processing, trend elimination and division of the analyzed stage into periods, verification of the formulated hypotheses for each of the periods, and quality control of the obtained models. The information basis of the study includes a list of thematic indexes calculated by the Indxx agency (USA).
Results. During the identification of periods of development of the sharing economy, the influence of global events on the dynamics of the sharing economy is determined, which is confirmed by the dynamics of the values of the sharing economy index during the pandemic and postpandemic period. Testing of the hypothesis shows that the most significant factor for the development of the sharing economy is the development of fintech and decentralized finance. That said, in the period from October 2018 to December 2019, there is a correlation between the development of the sharing economy and companies whose activity is focused on generation Y.
Conclusions. The revealed patterns confirm the leading role of digital technologies in the development of the sharing economy.

MODERNIZATION OF THE REGIONAL ECONOMICS

1100-1108 492
Abstract

Aim. The presented study proposes an approach to assessing infrastructure constraints on the development of regional economic space.
Tasks. The author investigates major approaches to the assessment of infrastructure development and determines the principles of assessing infrastructure constraints on the development of regional economic space.
Methods. This study uses general scientific methods of theoretical research and analyzes the approaches of leading Russian and foreign scientists in the context of the problem under consideration.
Results. The content of the concept of infrastructure constraints is defined as the absence or insufficient development of infrastructure that hinders the development of the regional economy. The principles of assessing infrastructure constraints are formulated based on the indicators of availability of facilities for regional infrastructure and its performance as well as indicators of the impact of infrastructure subsystems on the region’s socio-economic development and the quality of life of its population.
Conclusions. The realization of regional economic potential and the increase in the population’s quality of life are hindered by the insufficient development of individual infrastructure subsystems. From the scientific perspective, this makes it highly important to identify factors that cause imbalances in the economic space and to determine infrastructure constraints that can affect the prospects for the structural development of regional economic space.

DIGITAL ECONOMICS

1109-1120 258
Abstract

Aim. The presented study aims to substantiate the role of digital technologies as a driver of innovative business development in the Eurasian space. 
Tasks. The authors identify and substantiate trends in innovative business development in the Eurasian space.
Methods. This study uses the methods of generalization, comparative analysis, and analysis of sources and statistics on the problems under consideration. The information basis of the study includes data published in relevant Russian and foreign publications from the list of HAC, RSCI, Web of Science, Scopus; platforms such as Crunchbase.com, Forbes, RB.ru, VC.ru, etc.; reports of the Eurasian Economic Commission.
Results. The main trends of innovative business development in the Eurasian space include the creation of technoparks and high-tech parks, the development of a system of state grants and the transformation of state corporations, the creation of venture funds, and the development of business angels.
Conclusions. The transformation processes in the Eurasian space are uneven among the countries. The pace of innovative development of the EAEU countries is largely influenced by the active attraction of foreign funds and international support from the UN Development Programme and other international institutions. Fundraising, the creation of a scientific and technical base, government support, and the development of digital ecosystems are the key factors and driving forces for the digital transformation of the EAEU countries. Keywords:

WORLD ECONOMY

1121-1132 283
Abstract

Aim. The presented study aims to investigate the regulation of dubious currency transactions in the People’s Republic of China (PRC), the application of the anti-money laundering/combating the financing of terroristm regime, and the development of the digital yuan system.
Tasks. The author reveals the essence of the concept of dubious currency transactions in modern China and their legal regulation by Chinese state authorities; considers the legal regime for anti-money laundering/combating the financing of terrorism (AML/CFT); describes the concept of “digital yuan” as a Chinese analog of previously banned cryptocurrencies in China.
Methods. This study uses the methods of analysis, grouping, and systematization, a method of synthesizing information from various sources in Chinese and English, and general scientific methods of induction and deduction.
Results. The strict system for combating dubious currency transactions developed by the government of the People’s Republic of China has become a significant step in the fight against the legalization of criminal proceeds. Nowadays, Chinese financial regulators pay special attention to any transactions that can be characterized as “dubious”. To effectively combat illegal financial transactions, Chinese AML/CFT standards have been developed and are regularly updated. The Chinese government has regarded cryptocurrencies as a threat to the AML/CFT regime, which led to their complete prohibition on the territory of the PRC. However, the Chinese government has offered an alternative in the form of the digital yuan. Attempts to put it into circulation have been made since 2020.
Conclusions. In China, there are strict criteria for declaring foreign exchange transactions as dubious, and Chinese financial institutions have broad powers for their regulation. China’s financial institutions should monitor suspicious transactions at all levels of business management, taking reasonable measures to identify suspicious transactions not only in the process of identifying customers, but also by checking, studying, and analyzing transaction data. The digital yuan, which differs significantly from other cryptocurrencies, is recognized as one of the most developed cryptocurrencies controlled by centralized authorities. The Chinese digital currency is controlled by the Central Bank, minimizing one of the main advantages of cryptocurrencies — user anonymity. If China continues to successfully put the digital yuan into circulation, it may help China protect its so-called monetary sovereignty in the context of US sanctions.

1133-1145 284
Abstract

Aim. The presented study aims to identify trends in the production and use of second-generation bioethanol in foreign countries and to assess the potential for the development of production and use of second-generation bioethanol in the Russian Federation.
Tasks. The author describes the current level of development of the global biofuel industry; identifies the specific features of the production and use of second-generation bioethanol in foreign countries; summarizes the experience of government support for the production and use of second-generation bioethanol in foreign countries; analyzes the current level and development potential of bioethanol production in Russia.
Methods. This study uses the methods of system analysis and comparative analysis, as well as statistical, mathematical, and graphical methods of providing information.
Results. Current production volumes of second-generation bioethanol in the world and in Russia are assessed; the peculiarities of government regulation of the production and use of secondgeneration bioethanol in the European Union (EU), Brazil, the US, and China are identified; the economic efficiency of gasoline and second-generation bioethanol production in Russia is compared; recommendations on the use of government support measures in the Russian biofuel industry are formulated.
Conclusions. Even though global production and use of second-generation bioethanol currently amounts to a total of 65–125 million liters, mechanisms of government support for this area are systematically applied in many countries. This is due to the desire to decarbonize the transport sector without adversely affecting food security and natural ecosystems. The development of the production and use of second-generation bioethanol in Russia requires similar mechanisms of government support, and it can be relevant in the context of the need to achieve goals in the field of reducing greenhouse gas emissions.

BUSINESS MANAGEMENT

1146-1154 397
Abstract

Aim. The presented study aims to create a business model of a medical institution where the data-driven decision-making concept is implemented.
Tasks. The authors define the data-driven concept; analyze successful cases of implementation of the data-driven concept in various organizations, including medical organizations; identify the technical requirements of this concept; develop business models of budgetary and commercial medical institutions with the with the introduction of the data-driven concept.
Methods. This study uses such research methods as description, theoretical and comparative analysis, construction of business models, and systematization.
Results. The concept of the data-driven approach to managerial decision-making is explored. Excerpts from foreign analyses of this approach are presented. The authors provide examples of successful implementation of the data-driven concept in organizations operating in various fields, including marketing, management, and medicine. The cases of PJSC Sibur Holding, PJSC SberBank, Seoul National University Bundang Hospital, and Memorial Sloan Kettering Cancer Center are considered. Technical requirements for the implementation of the data-driven concept are indetified. The business models of budgetary and commercial medical institutions operating according to this concept are described and analyzed in detail.
Conclusions. The scope of application of the data-driven approach in managerial decisionmaking is extensive: this concept can be successfully applied in marketing, management, and medicine. In most cases, the company’s field of activity does not limit the applicability of this management approach. However, the implementation of the data-driven concept in the organization’s management will inevitably lead to high financial and labor costs. The authors believe that this concept can be used to successfully manage budgetary and commercial medical institutions in Russia in view of the steps toward implementing the data-driven approach provided in this study. The introduction of data-driven management will allow medical institutions to develop a personalized approach to patients and increase the level of work efficiency.

1155-1161 369
Abstract

Aim. The presented study aims to analyze and examine the current state of the independent oil business in Russia, assess its development prospects, develop and propose measures necessary to support this sector of the oil and gas industry.
Tasks. The authors describe the state of the independent oil business in the Russian Federation at the current stage and identify problems in its development; analyze the prospects and trends of business development in this industry; suggest possible measures to improve the situation.
Methods. This study uses complementary general scientific (classification, comparison, abstraction, etc.) and special methods of cognition (observation, examination, generalization, etc.).
Results. The study identifies several problems that hinder the operation of small and medium private enterprises in the oil and gas industry: high well servicing costs; high additional costs for the purchase, implementation, and maintenance of upgraded equipment; high dependence on the situation in the domestic market and price changes; the problem of attracting qualified personnel to small companies. The role and importance of independent oil companies in Russia are substantiated. The following proposals for improving the state of the independent oil production sector are presented: improving legislation and developing regulations aimed at simplifying the official transfer of oil fields that are uneconomic and unprofitable for large vertically integrated oil companies (VIOCs) to small market players, provided that it will be beneficial to all parties; further stimulating close mutually beneficial cooperation of the government represented by research universities, large oil companies and small businesses engaged in oil production; providing and modifying various preferential coefficients — for example, returning a reduction coefficient that takes into account the production of super-viscous oil; providing benefits to small independent oil companies in terms of resuming production at previously mothballed or abandoned fields; provision benefits to independent oil companies (IOCs) for the purchase and (or) production of industrial equipment necessary for the development and operation of oil fields; introducing a system of tax deductions aimed at stimulating geological exploration.
Conclusions. The prospects for the functioning and development of IOCs in Russia are great. The government should provide more support to IOCs. It seems feasible to take several protective measures to ensure the sustainable growth of such firms at the initial stage. In turn, the operation of IOCs facilitates the development of regions (additional tax deductions, employment, etc.), which has a positive effect on the national economy as a whole. Underestimating small businesses’ role and prospects in the oil industry may lead to the loss of existing opportunities and Russia’s leading positions in the global oil and gas industry.

SCIENTIFIC RESEARCH OF YOUNG SCIENTISTS

1162-1168 204
Abstract

Aim. The presented study aims to investigate the system of factors affecting the development of innovation culture in Russian companies.
Tasks. Based on qualitative research, the author comparatively analyzes the main structural components of innovation culture in typologically different Russian companies; determines internal and external conditions for the development of innovation culture; substantiates the leading role of the government in regulating formal labor market institutions that form the patterns of innovation culture in society and facilitate the innovative development of Russian companies.
Methods. This study uses the methods of analysis and synthesis, comparison and generalization, and general logical research methods.
Results. Innovation in Russian companies involves not only new technologies and materials, the production of new products (services) and their introduction to the market, but also the creation of a cultural environment favorable for innovation. The key role in this process is played not only by internal corporate factors, but also by external ones. A company's internal innovation development system includes the strategic commitment of top management to innovation, creativity as the highest value of corporate culture, and implemented management practices aimed at increasing employee receptivity to innovation. System-wide factors of innovation culture are predetermined by the national education system and labor market institutions.
Conclusions. The government plays a leading role in the formation of an innovation culture in society. Creative activity in the Russian Federation has only recently found financial and organizational support at the government level. Therefore, it is important not to lose this value orientation and continue the modernization of social processes aimed at the innovative development of the economy. The focus on the formation of innovative culture should be reflected in the activity of labor market institutions (the Ministry of Labor, employment services, migration service, etc., and in the mechanisms of labor market regulation (state employment policy, trade unions, social partnership, and collective agreements).

1169-1180 295
Abstract

Aim. The presented study aims to reveal the economic essence of financial innovation and the specific features of its evolutionary growth, which correspond to the current and innovative developments in financial services.
Tasks. The authors analyze and justify the transition from the concept of innovation to the concept of financial innovation from the scientific perspective; examine the evolutionary characteristics of financial innovation that correspond to the current development of financial services; develop a mechanism that facilitates the growth and spreading of financial innovation.
Methods. This study is based on the analysis of works of reputable scientists and authors devoted to defining the concept of financial innovation, its characteristics, and stages of development.
Results. The complex concept of financial innovation evolves with the development of science and technology. Scientists approach the concept of financial innovation differently, which leads to the lack of a single definition of this concept. Innovation plays a key role in the efficient functioning of the financial market and economic growth. The most important characteristics of financial innovation related to continuous development are identified. Several proposals are formulated to facilitate the growth and development of financial innovation while corresponding to the innovative transformation of financial services at the present time.
Conclusions. A study of financial innovations and their various characteristics makes it possible to understand the impact of current technological developments on the traditional concept of financial innovation, limited only to the banking sector, in addition to identifying shortcomings that help to form a balanced mechanism that ensures the efficient growth of financial innovation.

1181-1194 257
Abstract

Aim. This study presents the results of the development of a diagnostic model of organizational culture, which makes it possible to assess innovativeness as a formal characteristic that can be calculated using empirical methods.
Tasks. The author systemizes methods for diagnosing and studying organizational culture; based on the resulting classification, proposes a diagnostic model of innovative organizational culture as a method for conducting socio-psychological research of organizational changes and assessing the organization’s innovativeness.
Methods. The study uses general scientific methods of logical, structural, comparative, and systems analysis, qualitative methods of survey, observation, questionnaire, documentation analysis.
Results. A review of methods for analyzing and diagnosing organizational culture in terms of innovativeness shows that in modern practice of organizational research there are many methods characterized by mosaic structure and absence of an empirically based model.
Conclusion. The proposed model is a reliable tool for assessing the readiness of organizational culture for changes at the individual, group, and organizational level that have passed a psychometric test and are applicable for assessing socio-psychological phenomena in the context of organizational changes.



ISSN 1998-1627 (Print)