Economics, taxes & law最新文献

{"title":"National Digital Currency as a Factor of the Russia’s Economic Revival","authors":"V. Grigoriev","doi":"10.26794/1999-849X-2019-12-1-30-36","DOIUrl":"https://doi.org/10.26794/1999-849X-2019-12-1-30-36","url":null,"abstract":"The past decade has highlighted the increasing role of virtual electronic digital currency in the financial sphere. This currency is now performing the functions of investment, storage and accumulation rather than solely the function of measuring the value of goods and services. Thus, the virtual digital currency has come to implement all basic functions of paper money.The purpose of the paperwas to put forward the thesis of the feasibility of introduction in Russia of a new virtual national digital currency operating on the basis of the blockchain technology, which will significantly revitalize the domestic economy. The paper provides the definition of the virtual digital currency and its types, discusses its advantages and disadvantages, gives a brief overview of the experience of using this currency in Russia and abroad, shows the current state of cost capitalization of the virtual digital currency and describes the legal framework for the virtual digital currency application. The paperconcludesthat rather than forbidding the crypto currency, there are all the reasons to arrange the issue and circulation of an officially accepted type of a virtual national digital currency that would give a powerful impetus to the development of all spheres of the country’s economy. Special attention is paid to the mechanism of the national digital currency operation with the government participation. Every citizen will be able to get a salary in a few seconds, buy everything he wants, invest in any project. Records of transactions in the user’s personal digital electronic purse will completely relieve him of paperwork. It is important to note that blockchain protocols do not allow transaction canceling or compulsory change of ledger entries. This means that all transactions will become safe and anonymous, and anonymity cannot be violated if only by illegal operations. This will suit all law-abiding citizens of the country. The advantages of the national digital currency will ensure its wide circulation in the country and lead to significant shrinking of the “gray” and “dark” cryptocurrency markets and revival of the domestic economy.","PeriodicalId":143414,"journal":{"name":"Economics, taxes & law","volume":"33 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"134404579","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Economic Security in the Field of Electronic Money Circulation in the EAEU Countries in 2019–2021","authors":"L. Khomyakova","doi":"10.26794/1999-849x-2019-12-1-37-46","DOIUrl":"https://doi.org/10.26794/1999-849x-2019-12-1-37-46","url":null,"abstract":"The subject of the researchis the main aspects of ensuring economic security in the field of electronic money circulation in the EAEU countries.The purpose of the researchwas to develop recommendations for enhancing the economic security of electronic money transactions within the EAEU countries, including the entry of appropriate provisions into the “Concept for the Common Financial Market of the EAEU”.The factors of the objective and subjective nature that affect the economic security in using the electronic money were analyzed. The objective factors include those affecting cash flows, payments, settlements and the financial system of the country as a whole — various force majeure circumstances, financial crises, sharp changes in the national currency exchange rate, tightening of the law to the extent of absolute transaction embargo, imposition of sanctions on bank accounts, settlements, individual financial institutions, etc. Subjective factors include liquidity, reliability, universality, confidentiality, cyber resistance, anonymity and alike. These factors determine the list of measures aimed at ensuring economic security in the field of electronic money circulation within the EAEU. The economic security in this area is achieved through the development of action plans for each stage of activity. It is noted that the EAEU countries are currently pursuing identical but independent policies to ensure the economic security of electronic money transactions.It is concludedthat a stepwise harmonization of specific requirements, rules and standards for the circulation of electronic money in the EAEU countries based on their integration cooperation and with account for international experience is needed.","PeriodicalId":143414,"journal":{"name":"Economics, taxes & law","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116813279","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Improving the Effectiveness of Anti-Crisis Measures of the Russian Federation Government for 2019–2021","authors":"A. Ryakhovskaya","doi":"10.26794/1999-849x-2019-12-1-68-75","DOIUrl":"https://doi.org/10.26794/1999-849x-2019-12-1-68-75","url":null,"abstract":"The subject of the researchis measures of the anti-crisis regulation to be taken by the Russian Government aiming to strengthen the financial system of Russia, improve the performance of the state socio-economic systems at various levels, support all sectors of the economy and prevent irreversible processes that could be provoked by Western sanctions.The purpose of the researchwas to substantiate the feasibility of transition to the principles of integrity and consistency in the development and implementation of the above measures along with increasing the personal responsibility of managers for their implementation and monitoring the approved system of indicators when innovative developments of universities are put into practice. The research assessed the role of the bankruptcy institution in the state management of the economy as well as the impact of sanctions on the current socio-economic system, analyzed the consequences of certain regulations adopted by the Russian Government and their impact on the pricing policy of Russian enterprises, the importance of certain economic parameters of international and intergovernmental relations for the Russian economy, the efficiency of the state regulation of the housing sector, activities of non-government pension funds. there are all the reasons to It is concluded that an integrated approach to the crisis management is a powerful tool for the state to increase its efficiency and effectiveness in the constantly changing environment and maintain the effectiveness of internal processes at the macro-, meso- and micro-levels of the economy. The domestic and foreign policies of theRussian Federation need modernization through structural transformation in order to increase the share of high value-added sectors in the economy with a corresponding decrease in the share of low profitability sectors.","PeriodicalId":143414,"journal":{"name":"Economics, taxes & law","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129553549","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Improving the Efficiency of the Russian Budgetary Policy in the Context of Economic Growth Fueling","authors":"N. Semenova, O. Eremina, G. Morozova, Y. Filichkina","doi":"10.26794/1999-849X-2019-12-1-47-56","DOIUrl":"https://doi.org/10.26794/1999-849X-2019-12-1-47-56","url":null,"abstract":"In modern life, the budgetary policy is a crucial tool for financial regulation of the Russian economic development from the standpoint of ensuring stable growth rates. The importance of the budgetary policy for the sustainable economic development is determined by the following factors: first, at the macroeconomic level it helps to achieve macroeconomic stability (a necessary condition for economic growth); second, at the microlevel it stimulates investment, accumulation of human capital and the increase in factor productivity. The state influences the economic growth rates and quality through productive expenditures as one of the most important components of aggregate demand.The subject of the researchis the impact of productive government expenditures on the economic growth rates in the Russian Federation at the stages of crisis and post-crisis development of the national economy (2008–2016).The purpose of the researchwas to assess the budgetary policy of the Russian Federation in the context of boosting the economic growth and to develop proposals to increase its efficiency. The paper examines the existing theoretical approaches to assessment of the impact of government expenditures on the economic development. The authors also used statistical data to measure the interrelationship between budgetary investments in science, basic and human capital and the GDP volumes. The authors formulated recommendations on improving the efficiency of the Russian budgetary policy, in particular: identifying priorities for budget fund expenditures; changing the existing structure of government spending; expanding the scope of the public-private partnership to promote investment and innovation activities. The paperconcludesthat the lack of medium- and long-term reserves for increasing government expenditures necessitates the change in the structure of government spending through reducing overheads and increasing production costs with the purpose of ensuring sustainable economic growth.","PeriodicalId":143414,"journal":{"name":"Economics, taxes & law","volume":"26 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-03-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123014494","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Impact of Financialization and Income Inequality on Economic Growth, Investment Processes and Innovation","authors":"A. K. Karayev","doi":"10.26794/1999-849X-2018-11-6-57-68","DOIUrl":"https://doi.org/10.26794/1999-849X-2018-11-6-57-68","url":null,"abstract":"For the macroeconomic policy to be effective, macroeconomic models must take into account the interrelations between the financial and real sectors of the national economy. The subject of the research is the impact of financialization (expansion of the financial sector influence) and heterogeneity of investment decisions made by households and organizations on the inequality of income and wealth distribution as well as on household consumption and investment demand generated by organizations. The purpose of the research was to simulate the integrated influence and inter- influence of financialization of the economy leading to the following phenomena: an increase in the financial capabilities of economic agents, households and organizations and an increase in their debt; heterogeneity of decisions made by households (with account for different education levels) towards investment in their professional skill improvement, in particular through bank loans; heterogeneity of decisions made by organizations towards investment in expanding the existing production or mastering innovative product manufacturing; inequality in distribution of household incomes, components of aggregate demand in the economy, unemployment, etc. The research was carried out using an agent-oriented AB-SFC model with consistent flows and reserves that takes into account the specifics of investment behavior of economic agents (households and companies). The paper concludes that the financialization can contribute to the economic growth and the leverage and, accordingly, to the debt of economic agents and a higher volatility of macroeconomic aggregates such as aggregate demand components. The research finding also show that innovation and technological changes resulting from investment preferences of organizations and households can also, along with the financialization, aggravate the income inequality of households.","PeriodicalId":143414,"journal":{"name":"Economics, taxes & law","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-26","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114562510","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The Impact of the Shadow Economy on International Capital Flows under Modern Conditions","authors":"D. Nikolaev","doi":"10.26794/1999-849X-2018-11-5-108-117","DOIUrl":"https://doi.org/10.26794/1999-849X-2018-11-5-108-117","url":null,"abstract":"","PeriodicalId":143414,"journal":{"name":"Economics, taxes & law","volume":"60 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124887267","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Informal Economy and Innovation: Contra et Pro","authors":"E. Moreva","doi":"10.26794/1999-849X-2018-11-5-38-47","DOIUrl":"https://doi.org/10.26794/1999-849X-2018-11-5-38-47","url":null,"abstract":"","PeriodicalId":143414,"journal":{"name":"Economics, taxes & law","volume":"189 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"131387344","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"The impact of FDI on setting and implementation of strategic priorities for regional development","authors":"A. Tedeyeva","doi":"10.26794/1999-849X-2018-11-4-152-160","DOIUrl":"https://doi.org/10.26794/1999-849X-2018-11-4-152-160","url":null,"abstract":"The subject of study is foreign direct investment (FDI) being a source for attracting both financial resources to implement investment projects in certain regions and improved production technologies, quality management systems, established sales markets, etc. The purpose of the work is to estimate the relationship between the growth in intensity of FDI inflows into the region’s economy and the increased potential for implementation of regional strategic development priorities. Thus, the growth in dynamics of accumulated foreign direct investment in the region may serve as an indicator of efficient economic strategy aimed at increased investment attractiveness, improved technologies, and broader integration into international economic relations. The article notes that FDI influences setting of strategic priorities designed to achieve desired results. The paper concludes that regions seeking to increase foreign investors’ activity should develop strategic documents that stipulate priorities and ensure the coherence of interests and values between foreign investors and regional business entities. Results: the article presents an analysis of dynamics in FDI inflows into the economy of Russian regions, their sources and sectoral allocation structure. Conclusions are drawn about the FDI effectiveness for financing strategic projects in various regions of the country. Also, the study identifies regions that consistently implement the set priorities and successfully attract FDI to develop manufacturing enterprises.","PeriodicalId":143414,"journal":{"name":"Economics, taxes & law","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115771197","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Prospects of Using Virtual Currencies for the Socio-Economic Development of the Country","authors":"M. N. Prokofiev, E. S. Borisova, A. Vorobyeva","doi":"10.26794/1999-849x-2018-11-4-54-59","DOIUrl":"https://doi.org/10.26794/1999-849x-2018-11-4-54-59","url":null,"abstract":"The subject of research is the influence of virtual currencies on the socio- economic development. The purpose of research was to determine the specific features and development prospects of virtual innovation currencies as currencies of the future. The paper analyzes the virtual currency as a phenomenon of the modern payment system. The key characteristics of the crypto currency, their difference from the fiat money, the interrelation with the blockchain technology are indicated. The dynamics of the crypto currency market capitalization is demonstrated by a bitcoin example. The reasons for the attractiveness of the virtual currency for consumers and the growth of its popularity are revealed. The role of the new currency in the development of the world economy is described. The main advantages and disadvantages of the virtual currency as well as the main threats when using it are highlighted. Two opposing views on the future of the crypto currency are considered. As a result, the role of the virtual currency in the socio-economic development of the state is outlined, the prospects for using the currency in question are forecasted, and the factors contributing to its development are listed. It is concluded that virtual currencies established and distributed as a function of time and speed of introduction of scientific and technical achievements in the financial sphere are a technical and economic innovation of the present.","PeriodicalId":143414,"journal":{"name":"Economics, taxes & law","volume":"262 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116149744","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

{"title":"Control and Supervision Activities as a Factor of Boosting Business Activity of Tax Authorities","authors":"J. K. Grunina","doi":"10.26794/1999-849X-2018-11-3-131-139","DOIUrl":"https://doi.org/10.26794/1999-849X-2018-11-3-131-139","url":null,"abstract":"The paper examines the key management decisions of tax authorities in the control and supervision area and their importance for enhancement of business activities of economic entities. The subject of the research is management decisions of tax authorities in carrying out the program “Reforms of control and supervision activities” and the practice of their implementation. The purpose of the research was to reveal current trends in the control and supervision policy of tax authorities aiming to ensure a business-friendly environment for legal entities and individuals. The research methods included the content analysis of the legal and regulatory framework, the economic and statistical analysis of tax reporting; tabular and graphic data visualization and performance monitoring of tax authorities. Based on the research findings it is stated that the tax authorities are making significant efforts to improve the control and supervision activities, which makes it possible to reduce the administrative burden on the business and raise the quality of services provided to taxpayers. However, there is a number of still existing organizational and legal aspects that do not allow full optimization of the control and supervision functions for ensuring more favorable conditions for doing business in the Russian Federation. There are circumstances that prevent better servicing of taxpayers by the Inspectorate of the Federal Tax Service. It is concluded that the criteria for assessing the efficiency and effectiveness of control and supervision activities need to be reviewed and updated.","PeriodicalId":143414,"journal":{"name":"Economics, taxes & law","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-11-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121556728","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}