Voprosy EkonomikiPub Date : 2024-02-06DOI: 10.32609/0042-8736-2024-2-67-83
A. Zaostrovtsev, V. V. Matveev
{"title":"Austrian school of economics: Fundamental principles, methodology, institutional analysis and perspectives","authors":"A. Zaostrovtsev, V. V. Matveev","doi":"10.32609/0042-8736-2024-2-67-83","DOIUrl":"https://doi.org/10.32609/0042-8736-2024-2-67-83","url":null,"abstract":"The article presents the main characteristics of the modern Austrian school. Its fundamental principles are shown, from which its remaining gap with the economic mainstream becomes obvious. The task is solved to demonstrate that the Austrian economics as its initial methodological foundation has not strict methodological individualism, but institutional individualism. It is not typical for it to see a person as the notorious homo economicus. The Austrian school is a kind of modern institutionalism, the historical roots of which go back to the writings of its founders. This is due to its inherent focus not on the allocation of resources, but on individual exchange (catallaxy). The latter needs good institutions. At the same time, informal institutions (beliefs, traditions) that determine the meaning of human actions are highlighted. The spontaneous order and one of its institutional forms — anarchy are considered. The article concludes with an appeal to the perspectives of Austrian economic thought — its potential contribution to various research programs.","PeriodicalId":45534,"journal":{"name":"Voprosy Ekonomiki","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139861275","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}
Voprosy EkonomikiPub Date : 2024-02-06DOI: 10.32609/0042-8736-2024-2-103-124
G. Borshchevskiy
{"title":"Influence of preferential regimes on the Russian Far East development","authors":"G. Borshchevskiy","doi":"10.32609/0042-8736-2024-2-103-124","DOIUrl":"https://doi.org/10.32609/0042-8736-2024-2-103-124","url":null,"abstract":"The purpose of the study is to assess the impact of preferential regimes on the socio-economic development of territories on the example of the Far Eastern regions. We use both quantitative (e.g. regression and correlation analysis, modeling, method of averages, index method, “difference in differences”, factor analysis) and qualitative methods (document analysis, case-study, benchmarking, classification). The creation of preferential regimes, such as the Territory of Advanced Development, Free Port of Vladivostok, Arctic Zone of the Russian Federation, was a key element of the Far East development policy. To manage these preferential regimes a development institution has been created named Corporation for the Far East and the Arctic Development (CFEAD). We carried out the evaluation of the indicators of preferential regimes functioning and the socio-economic development of the Far Eastern regions. We identified the regions where these regimes have a positive impact on economic growth, and estimated the degree of the CFEAD’s assistance to their success. Also we worked out recommendations for optimizing preferential regimes and development institutions activities, which are acceptable both for the regions of the Far Eastern Federal District and in the all-Russian context.","PeriodicalId":45534,"journal":{"name":"Voprosy Ekonomiki","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139858353","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}
Voprosy EkonomikiPub Date : 2024-02-06DOI: 10.32609/0042-8736-2024-2-145-158
E. Zazdravnykh, T. I. Rodionova
{"title":"The relationship between the rate on unemployment and occupational injuries: A case of Russia","authors":"E. Zazdravnykh, T. I. Rodionova","doi":"10.32609/0042-8736-2024-2-145-158","DOIUrl":"https://doi.org/10.32609/0042-8736-2024-2-145-158","url":null,"abstract":"This study aims to reveal how growth or decline in the rate of unemployment determines occupational injuries in Russia. Based on the regional statistics from 2009 to 2021 with the help of linear panel models we estimate the relationship between the rate of unemployment and fatal or non-fatal occupational injuries rates. The results show that when the economy is decreasing employees or employers prefer to underreport workplace accidents. This effect is especially strong in conditions of rising unemployment due to the release of workers, layoffs or liquidation of enterprises. At the same time, the fluctuations of unemployment do not change the fatal accidents; that is, injuries per se do not have a cyclical behavior. Thus, though there is a decreasing trend in the rate of occupational injuries in Russia, there is a problem of underreporting of accidents as we observe in high-income economies.","PeriodicalId":45534,"journal":{"name":"Voprosy Ekonomiki","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139858844","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}
Voprosy EkonomikiPub Date : 2024-02-06DOI: 10.32609/0042-8736-2024-2-49-66
N. A. Makasheva
{"title":"Walras and Tugan-Baranovsky on socialism: Reconciling economic science and social ideal","authors":"N. A. Makasheva","doi":"10.32609/0042-8736-2024-2-49-66","DOIUrl":"https://doi.org/10.32609/0042-8736-2024-2-49-66","url":null,"abstract":"Nowadays, Leon Walras (1839—1910) is well-known first and foremost for his “Elements of pure political economy, or the theory of public wealth” (1874, 1877) and Mikhail Ivanovich Tugan-Baranovsky (1865—1919) gained a wide recognition due to his book “Industrial crises in contemporary England: Their causes and influences on the life of the people” (1894), which had a significant impact on the development of economics. At the same time, both economists were deeply concerned not only with theoretical problems, but also with those that are now considered beyond the scope of theory, the problem of social ideal and that of a more just social system being among them. Walras and Tugan-Baranovsky associated the embodiment of the social ideal with socialism and strived for an economic system that corresponded to that ideal, albeit their conceptions of socialism being different. The principal opportunity to achieve reconciliation between science and ideal was associated with a synthetic approach reconciling the scientific method and ideal, economics being considered “a bridge” between them, or a «testing ground», where the reconciliation was to take place. Although history has shown that Walras’s and Tugan-Baranovsky’s ideas of socialism were utopian, the very fact that two eminent economists were deeply concerned with the problem of social ideal and socialism at a time when the foundations of modern economics were being laid, shows that the striving of economists to create objective and rigorous science was, to a measure, driven by their aspiration to solve the social problem and to set up a social and economic system which is rational and more just than the existing one","PeriodicalId":45534,"journal":{"name":"Voprosy Ekonomiki","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139801455","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}
Voprosy EkonomikiPub Date : 2024-02-06DOI: 10.32609/0042-8736-2024-2-125-144
E. N. Bykova
{"title":"State regulation of negative infrastructure-related externalities in the system of land relations","authors":"E. N. Bykova","doi":"10.32609/0042-8736-2024-2-125-144","DOIUrl":"https://doi.org/10.32609/0042-8736-2024-2-125-144","url":null,"abstract":"The subject of the study is the system of land relations in Russia, the imperfection of which gives rise to negative infrastructural externalities caused by the modernization and development of linear engineering infrastructure The objective of the work is to develop methods for state regulation of the external effects, the main one of which is internalization through land taxation. In the work the concept of “negative infrastructure-related externalities”, their structure and economic nature in land relations are introduced. Also the consequences of negative infrastructure-related externalities on the economic interests of owners of encumbered land plots are determined. To overcome those issues the economic mechanism for regulating the use of land resources and their redistribution is developed. The scope of application of research results covers a lot of long-term aims: from the differentiation of land taxation for the internalization of negative infrastructure-related externalities to territorial planning at all levels.","PeriodicalId":45534,"journal":{"name":"Voprosy Ekonomiki","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139798968","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}
Voprosy EkonomikiPub Date : 2024-02-06DOI: 10.32609/0042-8736-2024-2-5-22
A. L. Vedev, V. A. Eremkin, K. A. Tuzov
{"title":"High risks and weak pace of economic growth: Russia macroeconomic forecast for the medium term","authors":"A. L. Vedev, V. A. Eremkin, K. A. Tuzov","doi":"10.32609/0042-8736-2024-2-5-22","DOIUrl":"https://doi.org/10.32609/0042-8736-2024-2-5-22","url":null,"abstract":"This paper examines prospects for the Russian economy in the mid-term until 2026. The authors identify four key factors that determine future dynamics: sanctions, the state of foreign trade, relations between Russian and foreign businesses, policy of the government and the Bank of Russia. The basic scenario of our forecast is based on the most probable future trends in development of foreign trade, investment activity, industrial dynamics, changes in exchange rate of the national currency, inflationary picture and monetary policy. The conservative scenario takes into account the manifestation of some negative risks, probability of which the authors consider as quite high. For both scenarios, the authors offer a list of risks that can have a significant impact on the forecast values. Results of modeling economic dynamics indicate that in the medium-term Russia will face moderate recovery growth, and there will be no real opportunities to accelerate it. By the end of 2026, the Russian economy will increase in the range of 5.6—7.8% compared to the level of 2021. The results of the presented work can be used for a critical comparison with official forecasts of the Bank of Russia and the Ministry of Economic Development of the Russian Federation in order to improve the efficiency of budget planning for future periods.","PeriodicalId":45534,"journal":{"name":"Voprosy Ekonomiki","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139798924","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}
Voprosy EkonomikiPub Date : 2024-02-06DOI: 10.32609/0042-8736-2024-2-23-48
S. V. Smirnov, N. V. Kondrashov, A. S. Kachur
{"title":"Macroeconomic forecasting and macroeconomic forecasts","authors":"S. V. Smirnov, N. V. Kondrashov, A. S. Kachur","doi":"10.32609/0042-8736-2024-2-23-48","DOIUrl":"https://doi.org/10.32609/0042-8736-2024-2-23-48","url":null,"abstract":"The specificity of macroeconomic forecasts is determined not so much by the list of predicted indicators or by mathematical tools used, but by the unavoidable human factor, which often generates great difference between forecasts made by various professionals. In Russian-language literature, this psychological aspect of macroeconomic forecasting has not received any attention; our work is designed to fill this gap. As a source of statistical data we used the forecasts extracted from the quarterly Poll of Professional Forecasters (PPF), which began in the first quarter of 2000. An analysis of real GDP and CPI forecasts made it possible to identify optimists and pessimists among independent experts, and also to show that the official forecasts by the Russian Ministry of Economic Development and the Bank of Russia are often too optimistic (with the possible exception of forecasts for a current year). It was also confirmed that the accuracy of consensus-forecasts exceeds (in the long run) not only that of official forecasts, but also forecasts made by the vast majority of independent experts. This asserts consensus-forecasts as a benchmark against which macroeconomic forecasts of other experts and organizations should be compared. An analysis of errors for different forecast horizons showed that in the medium term, the most significant ones are associated with underestimation of the resilience of the Russian economy to external shocks. This aspect of macroeconomic forecasting is closely related to forecasting cyclical dynamics (in particular, recessions, their beginning, depth and duration). Currently, this is just what requires additional attention by macroeconomic forecasters.","PeriodicalId":45534,"journal":{"name":"Voprosy Ekonomiki","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139798542","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}
Voprosy EkonomikiPub Date : 2024-02-06DOI: 10.32609/0042-8736-2024-2-84-102
U. A. Parkhimenka
{"title":"The Second Leontief Paradox: Economic Theory or Economic Engineering?","authors":"U. A. Parkhimenka","doi":"10.32609/0042-8736-2024-2-84-102","DOIUrl":"https://doi.org/10.32609/0042-8736-2024-2-84-102","url":null,"abstract":"The article analyzes the situation, conventionally called the \"Second Leontief Paradox\", when a recognized scientist, Nobel laureate and undisputed authority in the academic environment, it turns out, has practically no place in modern economic theory - neither within the \"mainstream\" nor in unorthodox directions. This paradox is considered in the context of four questions: (1) does Leontief have a “theory” at all; (2) to which theoretical school Leontief belongs or at least gravitates; (3) what is the main factor in the formation of the paradox under consideration; (4) what are the prospects for Leontief's approach in macroeconomics. To understand this paradox, it is proposed to use the terms introduced by G. Mankiw - an economist as a scientist and an economist as an engineer. It is concluded that there is still a gap between \"theory\" and \"engineering\" in economics. It is assumed that such a gap, including in connection with the rapid growth of a large amount of economic data and universal digitalization, may gradually decrease.","PeriodicalId":45534,"journal":{"name":"Voprosy Ekonomiki","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139798584","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}
Voprosy EkonomikiPub Date : 2024-02-06DOI: 10.32609/0042-8736-2024-2-84-102
U. A. Parkhimenka
{"title":"The Second Leontief Paradox: Economic Theory or Economic Engineering?","authors":"U. A. Parkhimenka","doi":"10.32609/0042-8736-2024-2-84-102","DOIUrl":"https://doi.org/10.32609/0042-8736-2024-2-84-102","url":null,"abstract":"The article analyzes the situation, conventionally called the \"Second Leontief Paradox\", when a recognized scientist, Nobel laureate and undisputed authority in the academic environment, it turns out, has practically no place in modern economic theory - neither within the \"mainstream\" nor in unorthodox directions. This paradox is considered in the context of four questions: (1) does Leontief have a “theory” at all; (2) to which theoretical school Leontief belongs or at least gravitates; (3) what is the main factor in the formation of the paradox under consideration; (4) what are the prospects for Leontief's approach in macroeconomics. To understand this paradox, it is proposed to use the terms introduced by G. Mankiw - an economist as a scientist and an economist as an engineer. It is concluded that there is still a gap between \"theory\" and \"engineering\" in economics. It is assumed that such a gap, including in connection with the rapid growth of a large amount of economic data and universal digitalization, may gradually decrease.","PeriodicalId":45534,"journal":{"name":"Voprosy Ekonomiki","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139858346","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}
Voprosy EkonomikiPub Date : 2024-01-07DOI: 10.32609/0042-8736-2024-1-115-136
V. Maltsev, A. Yudanov
{"title":"Knowledge-based view of the firm and the phenomenon of knowledge encapsulation","authors":"V. Maltsev, A. Yudanov","doi":"10.32609/0042-8736-2024-1-115-136","DOIUrl":"https://doi.org/10.32609/0042-8736-2024-1-115-136","url":null,"abstract":"The article is devoted to the development of the knowledge-based approach to the theory of the firm (KBV). It is noted that the modern mainstream KBV (R. Grant (1996) and numerous followers) sees the nature of the firm in effective integration of the knowledge of specialists employed in it. The article proposes to supplement this analysis with the second important function of the firm — its role as an encapsulator of knowledge. The foundations of such an approach to knowledge were laid by H. Demsetz, but have not yet been developed in the literature. The essence of encapsulation is to reduce complete knowledge to an algorithm of actions sufficient to achieve the goal, which is possible, say, with the help of instructions, directions of the manager, built in constructive “foolproofing”, etc. The compiler of the instruction does not integrate his knowledge with the knowledge of its performer, but prescribes the unquestioned implementation of the algorithm of behaviour. Thus, huge cost savings are achieved on the training of performers. The article considers the limiting case — the scheme of the firm functioning as a pure encapsulator of knowledge, the Markov property of the process is substantiated. The role of the entrepreneur as an architect and manager of the knowledge encapsulation scheme is revealed. At the same time, significant negative aspects of production based on the widespread use of encapsulated (incomplete — you do what you do not understand) knowledge are analyzed. In particular, the non-creative nature of labour in the encapsulationbased firm (a particular manifestation of which is the slow spread of horizontally organized or teal firms) and the threat of disqualification of performers when combining encapsulation with artificial intelligence are discussed","PeriodicalId":45534,"journal":{"name":"Voprosy Ekonomiki","volume":null,"pages":null},"PeriodicalIF":0.8,"publicationDate":"2024-01-07","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139448521","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}