Неэргодическая экономика

Авторский аналитический Интернет-журнал

Изучение широкого спектра проблем экономики

На английском языке
Developing and transition economy countries have two specific features: first, the capital deficit problem in these countries is particularly acute, and second, traditional capital redistribution channels either do not work or work poorly. In view of this, economic agents in these countries look for other options of investment market organization, using not very traditional methods for this purpose. One of these in Russia is the institution of regional investment forums.
The article gives a formal and substantive interpretation of Adolph Wagner’s law. Empirical evidence of violation of this law is cited. The role of the Armey–Rahn curve in restraining Wagner’s law is revealed. The Armey–Rahn curve is identified for Sweden and Russia. The paradox of wealth is formulated and a substantive explanation of it is given.
The article reports the results of testing of Wagner’s law for four countries: the United States, Great Britain, Sweden, and Russia. Econometric relation-ships are constructed that can be used to study properties of the Armey–Rahn curve and the Laffer curve. A new algorithm is suggested for finding the Laffer points and Scully points. The evolution of budget policy and the connection of budget parameters with the economic growth rate are examined.
This article has presented a short–term macroeconomic indicator, the index of monetary efficiency, which is an aggregate of two subindices, i.e., monetary stability and monetary freedom. An econometric model has been constructed, in which the GDP depends on the index of monetary efficiency with a lag of 8 months, which allows for the proactive prediction of economic growth. All analytical tools have been evaluated based on the statistical data of the Bank of Russia with a monthly breakdown.
The article reveals the experience of a project on consolidation of rating products within the single portal with related services for users. We describe the ideology of an open Internet platform, its structure and navigation, and specially designed analytical tools. We focus on the developed and tested trust index in relation to all the ratings on the website, which helps approach a possible solution to the problem of rating verification. We point out the fact that the proposed analytical verification tools are vulnerable to manipulation that is manifested in users’ hostile attacks on selective ratings by giving the ratings deliberately low trust scores. The paper shows the relevance of the portal designed, which is manifested not only in the number of views of its content, but also in the public reaction to various ratings of both individuals and organizations. In addition, we disclose the experience of using academic ratings over the period of several years to reveal undesirable trends and emerging threats in the market of economic research. We show an attempt to combine different ratings for the purpose of determining the extent of using educational and scientific potential of Russian regions. Video interviews allowed us to formulate ten principles in the development and use of ratings: neutrality (disinterest of the developer as a participant); pluralism (diversity of ratings); duration of the period of preparation; improvement of development methodology; openness of the object of rating and ranker; selectivity (optionality) of application, etc. These principles help raise the work of rankers to a higher level. We outline the ways of using the portal for communication between rankers and the expert community, for establishing a constructive dialogue between them and improving rating tools.
The article considers a possibility of change of the current global world economic leader – the United States. The author introduces the concept “geopolitical inversion”, which means the change of the global economic center. The article describes a common globalizing trend in the formation of the world centers of capital, provides quantitative characteristics of this process – the indices of territorial and demographic dominance. The article uses the example of the UK and the USA to show five steps in geopolitical inversion and give their chronology. The author makes some suggestions concerning a new global leader that could succeed the USA.
This article examines the concept of inclusive institutions (CII) put forward by Daron Acemoglu and James Robinson. It draws analogies and parallels between the CII and earlier economic theories and doctrines, revealing their organic interconnection and continuity. Particular focus is put on a more precise definition of inclusive and extractive institutions made possible by the introduction of the concepts of guarantees and freedoms of two social groups, the elites and the masses. The author shows that many systemic crises do not lend themselves to an adequate explanation without these clarifications.
The article surveys the ideas that constitute the basis of contemporary trap theory. Theoretical diagrams and constructs are presented as well as empirical facts that reveal how institutional and technological traps originate and function. Ways in which systems get out of traps are considered, and the significance of the new theory for understanding not only global but also everyday events in economics is discussed.
This article discusses the phenomenon of academic rent looking at its financial and non-financial components. The study of the internal structure of academic rent helps to better understand its dynamics. The author provides an introspective analysis of his own experience of working at a university and describes the process of gradual depletion of academic rent. The study provides numerous facts and discusses several high-profile cases that illustrate this process. The author formulates four basic conditions required for restoring academic rent and shows that all these conditions were violated during the economic reforms of the 1990s. This leads to a pessimistic conclusion that in the coming years the traditional model of academic rent cannot be restored. The author further analyzes the recent attempts to reform higher education and the organization of science in Russia. The analysis shows that these attempts may prove futile and fail to restore the prestige of the academia.
Building a market economy in Russia has brought not only the emergence of various economic conflicts but also the destruction of entire branches and spheres of activity. One such “fragile” sector has been higher education, which has undergone massive changes and is now facing new institutional reforms.
Яндекс.Метрика



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