Voprosy Ekonomiki最新文献_第4页

Non-payments in the Russian economy in the 1990s: An unforeseen institution 20世纪90年代俄罗斯经济中的拖欠：一个无法预见的制度

IF 0.8

Voprosy Ekonomiki Pub Date : 2023-07-11 DOI: 10.32609/0042-8736-2023-7-142-158

A. Chubaǐs

引用次数: 1

Methodology of the narrative analysis in economics: The case of the entrepreneurial networks 经济学叙事分析的方法论:以创业网络为例

IF 0.8

Voprosy Ekonomiki Pub Date : 2023-07-10 DOI: 10.32609/0042-8736-2023-7-81-99

V. Tambovtsev, E. Buzulukova, L. Valitova, J. Deng, D. Sitkevich, A. M. Turabaeva

{"title":"Methodology of the narrative analysis in economics: The case of the entrepreneurial networks","authors":"V. Tambovtsev, E. Buzulukova, L. Valitova, J. Deng, D. Sitkevich, A. M. Turabaeva","doi":"10.32609/0042-8736-2023-7-81-99","DOIUrl":"https://doi.org/10.32609/0042-8736-2023-7-81-99","url":null,"abstract":"The purpose of the article is to provide theoretical and empirical evidence that narrative analysis in economics is not an integral part of qualitative research and is quite compatible with the methodology of quantitative research. The development of methods for collecting and processing data is one of the significant directions in the development of both empirical and theoretical research in economics. Of particular importance to this direction is the consistent expansion of the consideration of social factors in the study of decision-making processes, both at the micro and macro levels. Narrative economics, which has emerged and developed in the last decade, is an integral part of this trend. The article proposes and substantiates a methodology for empirical analysis of narratives considered as sources of quantitative information used in decision making. This distinguishes it from the methods of narrative analysis used in qualitative research in the social sciences, although they are not always distinguished in the literature. The technique combines the search for the frequency of occurrence of various phrases on the Internet with interview analysis, which significantly reduces the time and effort required to search and analyze the necessary information about social factors. The effectiveness of the proposed methodology is tested on the example of the analysis of narratives that characterize personal entrepreneurial networks, no statistical information about which is collected, although the networks themselves play an important role in the formation of new small businesses. The presented results of the analysis show that the technique makes it possible to obtain useful quantitative data on such objects of economic research.","PeriodicalId":45534,"journal":{"name":"Voprosy Ekonomiki","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41584100","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}

引用次数: 0

Causes and lessons of accelerating global inflation 全球通胀加速的原因和教训

IF 0.8

Voprosy Ekonomiki Pub Date : 2023-07-10 DOI: 10.32609/0042-8736-2023-7-5-34

E. Goryunov, S. Drobyshevsky, A. Kudrin, P. Trunin

{"title":"Causes and lessons of accelerating global inflation","authors":"E. Goryunov, S. Drobyshevsky, A. Kudrin, P. Trunin","doi":"10.32609/0042-8736-2023-7-5-34","DOIUrl":"https://doi.org/10.32609/0042-8736-2023-7-5-34","url":null,"abstract":"The world economy has recently experienced a strong inflationary shock, which the leading research institutions and central banks were unable to predict. In advanced economies inflation rates spiked up to levels had not been seen for decades. Inflation also hit emerging economies albeit the shocks of such magnitude are more common for the countries of this group. What was the reason of the inflationary wave of 2021-2002 and why was it unexpected? In the paper we propose that the main driver of inflation was the rapid recovery of aggregate demand while aggregate supply lagged behind since it was negatively affected by quarantine restrictions and supply chain disruptions. A sharp increase in the prices of food and energy contributed to inflation significantly. Unprecedented fiscal stimulus supported by liquidity injections from central banks was also an important factor in boosting demand and accelerating inflation. Sharp turn towards ultraloose monetary and fiscal policy can be largely attributed to the experience of the previous decade which showed that inflation in advanced economies remained below the target level, despite constant stimulus. We discuss arguments considered by central banks when they kept monetary policy soft even after inflation significantly exceeded the target levels. Finally, we briefly discuss scenarios of possible future inflation, including a stagflation scenario, and analyze their underlying factors.","PeriodicalId":45534,"journal":{"name":"Voprosy Ekonomiki","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46613503","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}

引用次数: 0

Man in a changing world: How to coordinate individual plans? 人在变化的世界:如何协调个人计划?

IF 0.8

Voprosy Ekonomiki Pub Date : 2023-07-10 DOI: 10.32609/0042-8736-2023-7-50-80

A. Shastitko, S. I. Fedorov

{"title":"Man in a changing world: How to coordinate individual plans?","authors":"A. Shastitko, S. I. Fedorov","doi":"10.32609/0042-8736-2023-7-50-80","DOIUrl":"https://doi.org/10.32609/0042-8736-2023-7-50-80","url":null,"abstract":"In 2022 political issues made significant adjustments to individual economic plans of hundreds of millions of people around the world. Against this background, the idea of industrial regulation is gaining popularity again as a means to overcome the shocks that have arisen. However, how effective is such a mechanism for coordinating efforts to adapt to changes? In our article, we propose to look at the problem through the analysis of two models of man: the entrepreneur in Austrian economics and the limited rational person in the transaction costs economics. Based on the results of the analysis we reconstruct the process of adapting the market (or industry) to the shock using a formalized model of the game theory. The model allows us to demonstrate two key informational problems of adaptation to changes: individuals’ limited rationality and their heterogeneity in terms of “entrepreneurial alertness”. For industrial policy, this means the expediency of comparing the regulatory intervention’s benefits and costs during the shock period, taking into account the entrepreneurs’ advantage over the regulator in the collection and use of dispersed knowledge.","PeriodicalId":45534,"journal":{"name":"Voprosy Ekonomiki","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42834203","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}

引用次数: 0

Russia’s WTO membership: Assessing the impact on foreign trade 俄罗斯加入WTO:评估对对外贸易的影响

IF 0.8

Voprosy Ekonomiki Pub Date : 2023-07-10 DOI: 10.32609/0042-8736-2023-7-100-114

A. Kalinin

引用次数: 0

The house that Keynes built: Redecorating and overhaul of the monetary policy model 凯恩斯建造的房子:货币政策模型的重新装修和彻底改革

IF 0.8

Voprosy Ekonomiki Pub Date : 2023-07-10 DOI: 10.32609/0042-8736-2023-7-35-49

S. Moiseev

引用次数: 0

Long-term effects of extractive and inclusive institutions on entrepreneurship persistence in Russian regions 采掘性和包容性制度对俄罗斯地区创业持续性的长期影响

IF 0.8

Voprosy Ekonomiki Pub Date : 2023-07-10 DOI: 10.32609/0042-8736-2023-7-115-141

Stepan Zemtsov, Y. Tsareva

{"title":"Long-term effects of extractive and inclusive institutions on entrepreneurship persistence in Russian regions","authors":"Stepan Zemtsov, Y. Tsareva","doi":"10.32609/0042-8736-2023-7-115-141","DOIUrl":"https://doi.org/10.32609/0042-8736-2023-7-115-141","url":null,"abstract":"Some institutions can restrict or stimulate the business activity, which affects longterm economic growth. To assess this influence on regional level, we have collected and processed historical data on the distribution of serfs, the creation of universities, and business activity over more than a century. By business activity, we mean various direct and indirect assessments of the involvement of the population in entrepreneurial activity: merchants, NEPmen, cooperatives, small businesses, etc. Although the geography of business activity has constantly changed, we can identify relatively stable centers (Moscow, St. Petersburg, the south of the Far Eastern Russia) and the periphery (some regions of the North Caucasus, the Central Black Earth and the Volga regions). Econometric calculations confirm the existence of a relationship between the current density of small businesses in the Russian regions and the density of cooperatives in the late Soviet period; the relationship with the density of retail enterprises disappears by the 1970s as the planned economy strengthens. But the relationship with the merchant class is ambiguous: only in some regions did the entrepreneurial culture manage to survive the Soviet period. We distinguish three main channels of influence of the historical level of business activity on the modern one: geographical, functional, and sociocultural. According to the calculations, the earlier emergence of universities in the regions contributed to the spread of business culture and could stimulate the emergence of more inclusive institutions, but serfdom, as an extractive institution, on the contrary, could limit incentives for entrepreneurship. Even after a radical change in the political and economic regime, the influence of extractive institutions on business activity may persist, and inclusive institutions take a significant amount of time to take root.","PeriodicalId":45534,"journal":{"name":"Voprosy Ekonomiki","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-07-10","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42194608","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}

引用次数: 0

Retail loan pricing determinants in Russia 俄罗斯零售贷款定价的决定因素

IF 0.8

Voprosy Ekonomiki Pub Date : 2023-06-05 DOI: 10.32609/0042-8736-2023-6-36-61

H. Penikas

引用次数: 0

“Randomistas”: A new development economics “随机主义者”:一种新的发展经济学

IF 0.8

Voprosy Ekonomiki Pub Date : 2023-06-05 DOI: 10.32609/0042-8736-2023-6-5-35

R. Kapeliushnikov

{"title":"“Randomistas”: A new development economics","authors":"R. Kapeliushnikov","doi":"10.32609/0042-8736-2023-6-5-35","DOIUrl":"https://doi.org/10.32609/0042-8736-2023-6-5-35","url":null,"abstract":"The paper explores a curious phenomenon in the modern economic science — the intellectual confrontation between proponents of new development economics (“randomistas”) and its opponents. The general message of the new approach is that the technique of randomized controlled trials/experiments (RCT) must be considered the only truly scientific method, and only this technique should be used in studying the problems of developing countries. RCTs have been recognized as the “gold standard” in evaluating the effectiveness of anti-poverty programs; today this approach absolutely dominates in development economics. The paper discusses the main features of the RCT economics: an inclination to imitate biomedical research; atheoretical character; the idea of a hierarchy of methods; reorientation from large-scale macroeconomic and institutional reforms to targeted social and humanitarian interventions. The problems of internal and external validity of RCT are highlighted. A general conclusion is that conceptually counter-arguments of critics look more convincing: the idea of a hierarchy of methods is unscientific; no methodological “gold standard” exists in economic analysis; estimates obtained on the basis of RCT cannot be considered unbiased; RCTs are almost powerless in the face of the problem of external validity; policy recommendations derived from RCTs are of very limited practical value. However, the logic of critics has been trumped by the rhetoric of randomistas: most likely, randomized experiments will escalate, and their intellectual and political influence will grow.","PeriodicalId":45534,"journal":{"name":"Voprosy Ekonomiki","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45496342","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}

引用次数: 1

Finance and growth nexus in Russia: Does the SMEs channel matter? 俄罗斯的金融与增长关系:中小企业渠道重要吗?

IF 0.8

Voprosy Ekonomiki Pub Date : 2023-06-05 DOI: 10.32609/0042-8736-2023-6-76-93

K. Krinichansky, M. Yurevich, A. Fatkin

{"title":"Finance and growth nexus in Russia: Does the SMEs channel matter?","authors":"K. Krinichansky, M. Yurevich, A. Fatkin","doi":"10.32609/0042-8736-2023-6-76-93","DOIUrl":"https://doi.org/10.32609/0042-8736-2023-6-76-93","url":null,"abstract":"The paper presents the results of an analysis of the relationship between financial and economic development In Russian regions. The authors focus on one of the transmission channels of this relationship — the channel of small and medium-sized enterprises (SMEs). The issue of the SMEs’ dependence on the access to credit in the literature is generally considered separately from the issue of the impact of small business on economic dynamics. In this study, both issues are combined in one chain of the theoretical analysis and are examined with the help of an econometric model using credit depth measures as instrumental variables. To track the SMEs’ development, three variables were defined to characterize the size of the SME sector, the share of SMEs in the structure of the private sector, and the operational efficiency of small enterprises. Our data refer to the subjects of RF and cover the period from 2008 to 2019. The results confirm the Russian SMEs sector’s ability to act as a transmission channel from financial deepening to output growth. The most reliable variables are those characterizing the size of the SMEs sector in the region and the revenue of small firms per employee. Our findings support the conclusions made in a large number of works that provide evidence of the crucial importance of the conditions for access to external finance to raise the SMEs’ performance. The results we obtained also confirm that it would be reasonable to put special emphasis on overcoming obstacles in the access of SMEs to external financing when they take initiatives to develop SMEs in the regions.","PeriodicalId":45534,"journal":{"name":"Voprosy Ekonomiki","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2023-06-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44580802","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}

引用次数: 0