{"title":"Monetary policy on launching new production facilities in Russia: Opportunities in the semiconductor market","authors":"Evgeny Balatsky, Nataly Ekimova","doi":"10.29141/2218-5003-2023-14-5-2","DOIUrl":"https://doi.org/10.29141/2218-5003-2023-14-5-2","url":null,"abstract":"The paper discusses the capabilities of the Russian monetary system for massive lending to new industries that are of strategic importance to the country and contribute to its technological sovereignty. The key provisions of monetary theory and the concept of multiplier constitute the theoretical basis of the study. Modelling transient processes was used as the main research method. Empirical evidence is official data from the Bank of Russia and the Federal State Statistics Service (Rosstat), as well as industry reports on the global semiconductor market. The authors propose their own model of the transition process, which allows assessing the possible inflation rate and economic growth generated by massive credit investments. Testing the model in the microelectronics industry showed that assumptions about the Bank of Russia possibly losing its control over inflation due to a large-scale lending are unfounded. Even during the first two years, when the construction of a new enterprise is underway and there is an obvious imbalance between the product and money supply, the additional inflation rate caused by this initiative does not exceed 0.5 % per year. We conclude that the regulator has enough reserves to open credit lines for establishing new high-tech enterprises simultaneously in several industries. The proposed model can be used to optimize the public administration system when designing the country’s technological development strategy focused on domestic import substitution.","PeriodicalId":42955,"journal":{"name":"Upravlenets-The Manager","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135545532","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":"Regional import substitution policy amid economic sanctions: The case of the Republic of Tatarstan","authors":"Marat Safiullin, Aliya Gataullina, Leonid Elshin","doi":"10.29141/2218-5003-2023-14-5-5","DOIUrl":"https://doi.org/10.29141/2218-5003-2023-14-5-5","url":null,"abstract":"The exhaustion of the traditional raw material export model, which results in a growing dependence of the core economic industries on imported goods and components, makes it increasingly relevant to develop tools for finding promising areas of import substitution. The paper proposes a methodology for assessing imported commodity groups to identify the priority areas for import substitution in a region. The theoretical framework of the study includes comparative and competitive advantage theories, as well as the concepts of production concentration, clusters, and industrial complexes. The research methods of economic-statistical, structural analyses and clustering were applied. The statistical data were retrieved from the Federal Customs Service of the Russian Federation, the Federal State Statistics Service (Rosstat), and the Unified Interdepartmental Statistical Information System (EMISS). The proposed methodology was tested using the case of imports and exports in the Republic of Tatarstan in 2013–2021. We identified four key commodity clusters for import substitution, which account for more than 40 % of the region’s current imports, these are 1) the important localized import-dependent commodity groups a) having potential for import substitution in the region (tools, petroleum products), b) promising for import substitution in the RF (equipment and mechanical devices, furniture), as well as 2) the important non-specific import-dependent commodities a) having potential for import substitution (paints, electrical machines), and b) promising for import substitution (milk, clothing). The largest producers of the Republic of Tatarstan were identified for each cluster. Matrix modeling showed that some commodity groups are positioned in the area of the region’s low specialization, low localization and share of imports, which are typically grouped into three additional clusters that do not require enhanced policy on import substitution: growing import-dependent goods (grain, etc.), goods requiring no particular attention (silk, wool, etc.), and significant import-dependent goods (essential oils, etc.). The research findings can be used by regional ministries and departments when making strategic decisions on import substitution.","PeriodicalId":42955,"journal":{"name":"Upravlenets-The Manager","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135545526","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":"Assessing the boundaries of the airport services market: Grounds for tariff deregulation","authors":"Andrey Shastitko, Natalya Pavlova","doi":"10.29141/2218-5003-2023-14-5-1","DOIUrl":"https://doi.org/10.29141/2218-5003-2023-14-5-1","url":null,"abstract":"The aviation industry has recently witnessed a series of crises that changed its competitive landscape. In Russia, due to passenger flows redirected to domestic flights and the growing role of large airports as hubs, there are reasons to deregulate tariffs for airport services on domestic flights. Pulkovo (Saint Petersburg, Russia) is among the airports facing this issue. However, deregulation implies sufficient competitive pressure from other airports, in particular those included in the Moscow Aviation Hub (MAH). The article assesses the geographical boundaries of the market where the Pulkovo Airport operates, in order to establish whether it is the same market for the MAH airports. Methodologically, the study relies on the principles of industrial organization theory. Among the research methods are the hypothetical monopolist test and critical loss analysis. Empirical evidence covers data of an online survey conducted in March 2023 with 1,613 respondents who made domestic flights in 2019–2023. The analysis of the market in which Pulkovo provides its services shows that its boundaries extend beyond Saint Petersburg and cover at least Moscow airports, which indicates that Pulkovo is up against strong competition from Moscow airports in terms of domestic destinations. Thus, it seems expedient to deregulate the Pulkovo airport’s tariffs on domestic flights.","PeriodicalId":42955,"journal":{"name":"Upravlenets-The Manager","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135545530","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":"Parallel import in Russia’s software industry: Expected consequences","authors":"Anton Morozov","doi":"10.29141/2218-5003-2023-14-5-7","DOIUrl":"https://doi.org/10.29141/2218-5003-2023-14-5-7","url":null,"abstract":"Amid the withdrawal of foreign software developers from the Russian market, policymakers continue to discuss the option of legalising software parallel import. The purpose of the article is to assess the expected effects of the software parallel import introduction. The methodological basis of the study is industrial organization theory and new institutional economics theory. Among the research methods are theoretical and mathematical modelling and comparative analysis. The empirical evidence includes publicly available data on the pirated content consumption retrieved from the web source I Know (iknowwhatyoudownload.com) and financial statements of Russian software developers (SPARK-Interfax database). The article presents a theoretical model describing the consumer’s choice between original and pirated versions of programs and analyses the situation, where the most popular software product gets inaccessible. Our analysis shows that when costs of piracy are low, users of ‘out-of-the-box’ programs will not switch to another software and prefer the pirated version of the previously used program. The results of the model are compared with data on the pirated software consumption in Russia. We have found that consumers prefer foreign software to Russian counterparts, which means that if parallel import is legalised, Russian software developers will fail to occupy the niche of home-use software, which remains an important reserve for the industry’s further development. Free access to foreign software distorts consumer incentives. The institution of parallel imports should be modified so that the consumer keeps paying the price of the original’s, the state guarantees such software is secure, and intellectual property violations are strictly controlled.","PeriodicalId":42955,"journal":{"name":"Upravlenets-The Manager","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135545533","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":"Strengthening personal data regulation in Russia: Economic implications and risks","authors":"Anastasia Morosanova","doi":"10.29141/2218-5003-2023-14-5-3","DOIUrl":"https://doi.org/10.29141/2218-5003-2023-14-5-3","url":null,"abstract":"The enormous personal data breach of recent years is pushing regulators to tighten control over big data. The paper aims to analyse changes in big data regulation in Russia, and its possible effects on the competitive environment and economic performance of digital markets. New institutional economics theory, as well as some elements of law economics and industrial organization theory constitute the theoretical framework of the study. The research methods include comparison of structural alternatives and economic and statistical analysis. The empirical evidence covers 2021 data by Russia’s Federal State Statistics Service (Rosstat). The results of the study demonstrate that strengthening regulation of personal data (1) will widely affect all businesses involved in big data processing in all sectors of the economy, (2) will reduce innovation activity and investment attractiveness of digital markets in the short term, (3) will have a negative impact on small and medium-sized businesses. The statistical analysis indicates that there is room for applying an industry-wide approach, primarily ‘framework’ regulation, to big data markets. The research findings can be used by the regulator when developing or altering big data legal standards to prevent adverse economic implications.","PeriodicalId":42955,"journal":{"name":"Upravlenets-The Manager","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135545527","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":"On the coexistence of on-exchange and OTC segments in commodity markets","authors":"Karina Ionkina, Aleksandr Kurdin","doi":"10.29141/2218-5003-2023-14-5-4","DOIUrl":"https://doi.org/10.29141/2218-5003-2023-14-5-4","url":null,"abstract":"The introduction of exchange trade in Russia is one of the ways to form a competitive commodity price that can act as a benchmark for the over-the-counter (OTC) segment. However, the exchange price may be subject to distortions, which may cause faults in antitrust law. Using the international commodity exchange experience, we aim to identify the risks of exchange trade arising amid the coexisting on-exchange and OTC segments. Methodologically, the paper relies on industrial organization theory and new institutional economics theory. In the research, the case study method was applied and data on the practices of commodity exchange introduced in different countries were used. As a result of the study, we have identified the risks of violating regulatory mechanisms in the market and of distorting effects on national markets, the risks in the areas of infrastructure restrictions and violations of antitrust laws, as well as the risks of price manipulation and distortion of exchange prices. We have proven that in the context of the coexistence of on-exchange and over-the-counter market segments, these risks can emerge even in cases of the successful development of global exchange trading.","PeriodicalId":42955,"journal":{"name":"Upravlenets-The Manager","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135545528","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":"“Acquire and leave”: Effects of startups acquisitions by digital ecosystems","authors":"Anna Stavniychuk, Olga Markova","doi":"10.29141/2218-5003-2023-14-5-6","DOIUrl":"https://doi.org/10.29141/2218-5003-2023-14-5-6","url":null,"abstract":"Digital ecosystems penetrate many areas of modern life, they integrate many services and are growing partially through acquiring start-ups. These can lead to a rise of their market power, which in turn has caused the increased attention of antitrust regulators in recent years . The new changes into the Russian antitrust law contain the requirement for scrutiny for mergers above 7 billion of rubbles. This additional criterion is designed to include the acquisitions of startups by digital ecosystems that currently do not need to be announced to the Russian antitrust service. As for economic literature, there is no consensus on the way mergers with startups affect markets, in particular, venture capital market. The purpose of this work is to assess the effects of mergers of digital ecosystems with Russian startups in different niches of the venture investment in these niches. Methodologically, our study is based on economic theory and particularly on industrial organisation, antitrust economics; we also use econometrics while estimating causal inferences. We perform econometric analysis of panel data and matching to evaluate the effect of mergers of digital ecosystems with startups. In our quantitative analysis we use data collected from the website Rusbase, which gathers information on deals with Russian startups building primarily on open sources. In our study, we conclude that niches where digital ecosystems more actively purchase or invest in startups tend to be lower investments, smaller total and average purchase prices, which may indicate some washing out of investments in such niches. However, the effect we see may be present due to the changing popularity of niches and/or bringing forward of investor decisions, and not to the kill zone that is claimed to be one of the downsides of such mergers, since we observe a short-term increase in the number of investment decisions in a niche during the period when a startup is acquired by the digital ecosystem.","PeriodicalId":42955,"journal":{"name":"Upravlenets-The Manager","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-11-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135545534","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 mediating role of organizational commitment in the collective efficacy-performance relationship","authors":"Nihan Senbursa","doi":"10.29141/2218-5003-2023-14-4-4","DOIUrl":"https://doi.org/10.29141/2218-5003-2023-14-4-4","url":null,"abstract":"In recent years, human resources have become a central issue for senior executives in organizations as they try to increase the commitment and performance of their employees. The study aims to examine three of the most important employee attachments to the workplace, namely organizational commitment, collective efficacy and individual job performance, based on a multifocal research framework, while also investigating the mediating effect of organizational commitment. The methodological basis includes the foundations of organizational behavior and human resources management. The research data were obtained by the survey method with 171 respondents working for a port operator in Mersin, Turkey. The survey data obtained were evaluated on a 5-point Likert scale. Statistical calculations were performed in SPSS Statistics 24 software package. The research methods are quantitative and sociometric analysis; reliability and validity analysis were applied to the variables. The relationships between the variables were tested using the structural equation model. To assess the importance of the intermediary effect, the bias-corrected bootstrap method was used. Our findings have shown that collective efficacy has a positive effect on organizational commitment, and organizational commitment has a positive effect on performance. Organizational commitment was proved as having a mediating role in the effect of collective efficacy on individual job performance. The study highlights that employees need to be committed to their organizations, and the increase in performance should be triggered by giving place to collective work.","PeriodicalId":42955,"journal":{"name":"Upravlenets-The Manager","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135097220","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":"Shedding light on healthcare workers’ labour behaviours during the COVID-19 pandemic","authors":"H. Tezcan Uysal, Murat Ak, Seval Türk Güven","doi":"10.29141/2218-5003-2023-14-4-5","DOIUrl":"https://doi.org/10.29141/2218-5003-2023-14-4-5","url":null,"abstract":"The COVID-19 pandemic has had a profound effect on all spheres of the economy. One of the numerous consequences for the health system, in particular, was the disruption of flexible working and the need for its fundamental transformation. The article is intended to analyse and assess the relationships between flexible work perception (FWP), job satisfaction (JS), work-family balance (WFB) and task performance (TP) and examine this relational network cumulatively from the perspective of healthcare workers. The methodological framework of the research includes social exchange theory and the concept of human resources management. The study involved 353 staff members working for one of private medical clinics in the city of Gaziantep, Turkey. The research methods applied are purposeful sampling and online survey. Smart PLS3 statistical program was used to estimate the structural equation model by partial least squares method. The study showed that despite the mobilization of additional resources, TP of healthcare workers during the pandemic significantly decreased. We proved that FWP had a positive effect on task performance. At the same time, lack of flexible working negatively influenced job satisfaction and work-family balance of the employees. We found that poor WFB resulted in a decrease in the respondents’ JS and TP. Among the avenues for further research are using the data retrieved from public medical institutions and conducting the investigation in different cities and with varying working conditions.","PeriodicalId":42955,"journal":{"name":"Upravlenets-The Manager","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135096441","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}
Olga N. Gutnikova, Olga B. Yarosh, Natalia N. Kalkova
{"title":"Gluten-free products: Consumer perception of the functional properties and peculiarities of labelling","authors":"Olga N. Gutnikova, Olga B. Yarosh, Natalia N. Kalkova","doi":"10.29141/2218-5003-2023-14-4-6","DOIUrl":"https://doi.org/10.29141/2218-5003-2023-14-4-6","url":null,"abstract":"The culture of food consumption is centered around innovative technologies and the healthy eating ideology. Against this background, manufacturers often use product information to promote products in the market without providing buyers with complete data on their practical purpose. The study tests the hypothesis that the ‘gluten-free’ logo has no effect on consumer choice, and the awareness of a product’s functional properties is formed in the context of marketing information received from the external environment. The methodological basis of the study is marketing theory in terms of consumer perception of products using neuromarketing technologies, oculography, and eye tracking. Practical outcomes were obtained through a pilot method implying a neuromarketing experiment on the visibility of ‘gluten-free’ labels. The empirical evidence covers the results of a survey of 200 buyers at large retail chains in the city of Simferopol in January 2023, as well as the results of an experiment involving 32 students and employees conducted by the Laboratory of Neuromarketing and Behavioral Economics of V.I. Vernadsky Crimean Federal University. The study shows that consumers are dimly aware of the functional properties of gluten-free products. We found that visual attention to the ‘gluten free’ logo was 1.5 times lower than to any other labelling information. A relationship was found between the time spent on studying the product and the buyer’s choice of a test sample with the logo. According to the research results, it is necessary to provide more detailed information on gluten-free products’ packaging; to classify such products as functional, narrowly specialized goods and substitutes intended for consumers with autoimmune disorders; and to sell them in specialized departments or sales points.","PeriodicalId":42955,"journal":{"name":"Upravlenets-The Manager","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2023-09-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"135097853","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}