{"title":"Creative industries: The limits of legal influence","authors":"E. E. Chukovskaya","doi":"10.31737/2221-2264-2022-54-2-16","DOIUrl":"https://doi.org/10.31737/2221-2264-2022-54-2-16","url":null,"abstract":"The article analyzes the legal acts regulating relations in creative industries, assesses the prospects for the development of legislation in the field of creative entrepreneurship, forms of state support and the limits of legal intervention in creative and entrepreneurial activities. Creation of a unified block of legal norms provided for by the Concept of Development of Creative (Arts) Industries and mechanisms for their state support in the large and the largest urban agglomerations until 2030, approved by the Decree of the Government of the Russian Federation on 09.20.2021 no. 2613-r, faces several problems: alternative versions in the legal definitions of existing regulations, the constitutional classification of power competence (intellectual property rights and entrepreneurial activity are regulated exclusively by federal legislation, while general cultural issues are assigned to the joint jurisdiction of the Federation and regions, while some aspects essential for creative industries are within the competence of municipal bodies), the present system of state support for certain areas, concerning creative industries (cinematography, mass media, etc.). The article also substantiates the need for a combination of legal influence methods to achieve the goals stated in the strategic documents.","PeriodicalId":43676,"journal":{"name":"Zhurnal Novaya Ekonomicheskaya Assotsiatsiya-Journal of the New Economic Association","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69823072","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}
N. S. Nikitina, V.M. Bolgova, M. Vinopal, T. S. Nikiforova
{"title":"The influence of external attractiveness on the transfer value of football players","authors":"N. S. Nikitina, V.M. Bolgova, M. Vinopal, T. S. Nikiforova","doi":"10.31737/2221-2264-2022-54-2-9","DOIUrl":"https://doi.org/10.31737/2221-2264-2022-54-2-9","url":null,"abstract":"In this paper, we evaluated the impact of the attractiveness of a football player on the value of a transfer transaction, combining two deeply studied areas of research: factors affecting the value of transfer and a «beauty premium» of a player in this labor market. The determinants that affect the value of transfer value are based on the data of the transfer window 2017/2018 season. Three European football leagues were used for our calculations: La Liga, Premier League and Bundesliga. We used a two-step Heckman procedure to assess the impact of player’s attractiveness on a transfer value. We got the following results: physical attractiveness does not affect the decision to buy a player for money or zero transfer cost, but significantly affects the value of transfer transaction. An increase in 1 in the player’s attractiveness index increases the transfer value by 3.8%.","PeriodicalId":43676,"journal":{"name":"Zhurnal Novaya Ekonomicheskaya Assotsiatsiya-Journal of the New Economic Association","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69823174","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":"New method of liquidation value estimation","authors":"S. A. S. A. Smolyak","doi":"10.31737/2221-2264-2022-55-3-1","DOIUrl":"https://doi.org/10.31737/2221-2264-2022-55-3-1","url":null,"abstract":"Valuation standards define the liquidation value of an asset as its value within a shortened (as compared to typical) exposure / sale period. However, usually such timings (even when assets are sold at the market value) are random, and the \"more\" / «less» ratios are not applicable. We treat the liquidation value of an asset as its value in a forced sale with proper marketing and a deterministic exposure period limit. We propose a model for determining the liquidation value, which allows to optimize the seller’s marketing policy according to the criterion of the expected discounted benefits. This model takes into account the probabilistic nature of demand for the similar assets and the dependence of this demand on price (information on the price elasticity of demand is not required). The formulas obtained also allow taking into account inflation, the salvage value of an asset, its depreciation during the exposure period, as well as the need to incur selling expenses during the exposure period and the possibility of obtaining additional income from the use of the asset in this period. The dependences of the asset’s liquidation value on the remaining exposure period, calculated using the model, differ significantly from those recommended in the literature on valuation.","PeriodicalId":43676,"journal":{"name":"Zhurnal Novaya Ekonomicheskaya Assotsiatsiya-Journal of the New Economic Association","volume":"54 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69823371","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":"Financial sanctions and future of globalization","authors":"O. Buklemishev","doi":"10.31737/2221-2264-2022-55-3-12","DOIUrl":"https://doi.org/10.31737/2221-2264-2022-55-3-12","url":null,"abstract":"The dynamics of financial sanctions over the past decades is considered. The outstripping growth of the role of financial and other \"smart\" sanctions is explained by their painfulness for target states, organizations and citizens, the asymmetry of the impact and the possibility of minimizing damage to third parties. It is shown that although the heyday of financial sanctions coincides with the period of the rollback of globalization, in many respects they are generated precisely by the process of globalization and the growth of network interactions. The assumption of the mutually reinforcing influence of deglobalization and sanctions is considered in view of the fact that the network effects of international financial institutions increase over time. Nevertheless, as a result of financial sanctions, the active processes of replacing traditional international payment and settlement mechanisms with alternative ones and the US dollar — with other reserve currencies (primarily the Chinese yuan) have not yet started. Historical experience confirms the conclusion that despite the negative effects of financial sanctions, in the modern world they may not contradict to the continuation of globalization.","PeriodicalId":43676,"journal":{"name":"Zhurnal Novaya Ekonomicheskaya Assotsiatsiya-Journal of the New Economic Association","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69823422","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":"Low-carbon development of Russia under the foreign economic restrictions","authors":"A. Shirov","doi":"10.31737/2221-2264-2022-56-4-11","DOIUrl":"https://doi.org/10.31737/2221-2264-2022-56-4-11","url":null,"abstract":"The article discusses the main factors infl uencing the formation of the of low carbon development strategy of Russia in a changing macroeconomic environment. The motives of the implementation of the climate agenda by various countries of the world are considered. A position is being formed that refl ects Russia’s interests in the implementation of climate policy. It is noted that the key factor in reducing greenhouse gas (GHG) emissions is technology change. In turn, the main limitation in this case is the capital intensity of the introduction of individual technologies. A key feature of the Russian economy is the need for structural shifts to ensure the sustainability of development in the medium term. In this regard, when implementing climate policy, modernization measures can be introduced to reduce GHG emissions. At the same time, investments in fi xed assets will be the key factor in reducing emissions. It is shown that in the conditions of deterioration of foreign economic relations with developed countries and related technological constraints, both negative effects for the decarbonizartion strategy, as well as some positive shifts occur, determined by possible structural shifts in the Russian economy.","PeriodicalId":43676,"journal":{"name":"Zhurnal Novaya Ekonomicheskaya Assotsiatsiya-Journal of the New Economic Association","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69823977","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}
Д. С. Карабекян, Журнал Нэа, Д. С. Карабекян, Ниу Вшэ, Москва
{"title":"On the stability of results for aggregation procedures","authors":"Д. С. Карабекян, Журнал Нэа, Д. С. Карабекян, Ниу Вшэ, Москва","doi":"10.31737/2221-2264-2022-57-5-2","DOIUrl":"https://doi.org/10.31737/2221-2264-2022-57-5-2","url":null,"abstract":"Some distortions are possible in the process of preference aggregation. For example, one voter who is pivotal for some preference profile may not read instructions properly and accidently submit wrong preference. We study how different voting rules react to these distortions for three, four and five alternatives with computer modelling. One of the results is: contrary to the results for the degree of manipulability estimations the most stable rule is the rule that requires less information from preferences when calculating final results — threshold rule. With more alternatives the difference between this rule and rules that require information about the whole ranking is more visible. So, for the rules that require less information the probability to influence the results goes down when the number of alternatives increases. Another result: the resoluteness (weighted average number of alternatives in the final outcome) is positively correlated with the stability of aggregation procedures. Threshold rule is the best one for the most cases when we consider both stability and resoluteness.","PeriodicalId":43676,"journal":{"name":"Zhurnal Novaya Ekonomicheskaya Assotsiatsiya-Journal of the New Economic Association","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69824682","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 global shocks on the Russian economy: FAVAR approach","authors":"A. Zubarev, K. Rybak","doi":"10.31737/2221-2264-2022-56-4-3","DOIUrl":"https://doi.org/10.31737/2221-2264-2022-56-4-3","url":null,"abstract":"In this study, we estimate the contribution of global demand, supply and commodity shocks to the dynamics of Russian macroeconomic variables. The main tool used in this work is a factor augmented vector autoregression (FAVAR) that allows extracting global factors from a wide range of variables. Recursive and sign restrictions are used to identify global shocks. Russian economy is represented by a large set of informational series aggregated into a small number of factors. FAVAR approach allows for extended inference on the reaction of Russian macroeconomic variables to global shocks. Impulse response function analysis shows that Russian economy is affected by all three specifi ed global shocks and forecast error decompositions indicate that those shocks account for nearly 80 per cent of key variables dynamics. We also showed that global demand and global commodity shocks were more crucial compared to the third type of shocks in explaining macroeconomic dynamics.","PeriodicalId":43676,"journal":{"name":"Zhurnal Novaya Ekonomicheskaya Assotsiatsiya-Journal of the New Economic Association","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69824107","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}
E. Fedorova, I. V. Pyltsin, Y. Kovalchuk, P. Drogovoz
{"title":"News and social networks of Russian companies: Degree of influence on the securities market","authors":"E. Fedorova, I. V. Pyltsin, Y. Kovalchuk, P. Drogovoz","doi":"10.31737/2221-2264-2022-53-1-2","DOIUrl":"https://doi.org/10.31737/2221-2264-2022-53-1-2","url":null,"abstract":"The main purpose of this work is to determine the periods in which the profitability of the Russian stock market is partially explained by official information (RBC news) and unofficial (tweets of companies). The methodology of the study included a VAR model with a sliding window of 50 days. The empirical base of the study included 32 thousand news articles and 111 thousand tweets for 2011–2020. The assessment of the tonality of the text was carried out on the basis of the EcSentiThemeLex dictionary, this dictionary is one of the first dictionaries that allow assessing the tonality of economic and financial texts in Russian by five tonalities. The results of the study show that the profitability of the market is explained both by economic indicators (the price of oil and the exchange rate) and by the tone of textual information. Moreover, from 2011 to 2015, the tone of the news background was the dominant information factor in the profitability of the securities market, and in 2017–2020 — dominance has shifted to the mood of social media texts. A short-term period of influence of textual information was also revealed, sudden bursts of investor sentiment lead to a temporary jump in stock prices, which quickly return to close the initial level.","PeriodicalId":43676,"journal":{"name":"Zhurnal Novaya Ekonomicheskaya Assotsiatsiya-Journal of the New Economic Association","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69821692","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":"Creative economy in Russia: New trends","authors":"T. Abankina","doi":"10.31737/2221-2264-2022-54-2-13","DOIUrl":"https://doi.org/10.31737/2221-2264-2022-54-2-13","url":null,"abstract":"The article substantiates that creative industries are one of the factors of sustainable development and contribute to the transition to an innovative economy. The concepts of creative industries, economic characteristics of the Russian creative sector, trends in Russian exports of creative goods and services are analyzed. Measures to support the creative sector in Russia are systematized. The article summarizes the new trends that developed during the pandemic, which pose threats and lead to imbalances in the development of the creative sector – that is the increasing role of large companies for stream delivery of digital content; the capture of markets for creative goods and services by the largest IT companies and banks forming digital ecosystems. A new trend is the stratification of the creative industries sector depending on industry affiliation and involvement in digital services; increased diversification and monopolization in the main links of value chains – distribution and monetization of creative goods and services. Intensive and uneven changes happened in the nature of work and its creative intensity in different professional groups under the conditions of digitalization, which leads to a significant change in labor relations, especially with a new category of self-employed citizens; strengthening of territorial imbalances in the development of the creative economy. The current management tasks for the development of creative industries in Russia are proposed and justified.","PeriodicalId":43676,"journal":{"name":"Zhurnal Novaya Ekonomicheskaya Assotsiatsiya-Journal of the New Economic Association","volume":"1 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69822146","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":"A brief overview of the evolution of computer simulations in economic research","authors":"Т.В. Хамдамов, Журнал Нэа","doi":"10.31737/2221-2264-2022-54-2-10","DOIUrl":"https://doi.org/10.31737/2221-2264-2022-54-2-10","url":null,"abstract":"The article discusses the evolution of two approaches to using computer simulations in economic research. The first was created by the American mathematician Norbert Wiener, who used the theory of cybernetics as a method of scientific research and cognition. The second, which also began its journey in the period 1944–1955, is based on the writings of John von Neumann, then a consultant to Los Alamos National Laboratory, and his invention of cellular automata. The first section provides an overview of the Wiener path, which became the guiding reference point for the Forrester system dynamics and Orcutt microsimulations. The second section presents the Neumann path, which gave birth to such methods as Monte Carlo and agent-based modeling, which, as a result, through the efforts of G. Epstein and P. Axtel, was transformed into a conceptual approach of artificial life specifically designed for socio-economic experiments. Finally, the third section explores the potential for developing hybrid simulations by combining the methods of the two paths in concern.","PeriodicalId":43676,"journal":{"name":"Zhurnal Novaya Ekonomicheskaya Assotsiatsiya-Journal of the New Economic Association","volume":"28 1","pages":""},"PeriodicalIF":0.5,"publicationDate":"2022-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"69822260","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}