№ 5/2024  Full text

Date of placement: 13.11.2024

 

 

ISSUES OF ECONOMIC THEORY

 

Yu.G. Pavlenko

EGALITARIANISM IN THE CONTEXT OF MODERN CREATIVE ECONOMY

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The article is devoted to understanding the objective grounds for the need to reduce social inequality, which creates threats to economic development, sustainability of social and political systems. The solution to the problem of social inequality is considered within the framework of the concept of egalitarianism. The author comes to the conclusion that the implementation of the principles of egalitarianism is an objective necessity, which is formed by the nature of modern social reproduction based on the creative economy. At the center of the creative economy is a person and his creative potential. At the same time, the most important political and economic basis of the creative economy is its diversity.

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ECONOMICS AND MANAGEMENT

 

A.V. Odintsova

PROBLEMS OF IMPLEMENTING LOCAL GOVERNANCE CONCEPT IN RUSSIA

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One of the key issues of spatial development at the present stage is to ensure the balanced development of Russian territories. The article examines current problems of municipal development in the Russian Federation taking into account the principles laid down in the concept of local governance as one of the components of the modern public authority system. The history and meaningful analysis of the concept are given, the key problems are identified, on the solution of which, in accordance with this concept, the implementation of the goals of the spatial policy of our country largely depends. Based on the use of stakeholder concepts and institutional proximity, the practice of municipal strategizing is evaluated.

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S.V. Kozlova

TRANSFORMATION OF STATE PROPERTY MANAGEMENT INSTITUTIONS: RESULTS OF 2022–2024

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The article analyzes innovations in the field of such state property management institutions as privatization/deprivatization. An assessment is given of the effectiveness of state property management in recent years in the context of new challenges and realities, as well as in connection with the transformation of the goals that the Russian economy must achieve in the upcoming rather difficult period of its development. The analysis of the institutional environment revealed modern trends in the transformation of conceptual approaches to the management of state property, which is no longer considered only as a source of privatization revenue (as it has been for many years), but, first of all, as a tool for building a new policy in the field of attracting investment, developing entrepreneurial activity, restructuring of the economy, improving the material base of industrial production at a new, higher and more modern level of technological development.

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T.S. Novikova

TO THE QUESTION OF THE INTRODUCTION OF A PROGRESSIVE SCALE OF PERSONAL INCOME TAX IN RUSSIA

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In the context of modern global challenges, the growth of tax progressivity is becoming an important tool of social policy, including in Russia. This paper puts forward a hypothesisabout reforming tax systems in accordance with the stages of scientific and technological development. It is verified on the basis of an analytical review of taxation trends using statistical data. The consequences of the introduction of a progressive personal income tax scale in Russia as an important component of the 2025 reform are analyzed using an agent-based approach with the measurement of the resulting effects based on indices of the consequences of tax progressivity, which are calculated using territorial Gini coefficients and social welfare functions with formal consideration of social inequality. The experimental results show a wide range of possibilities for reducing social inequality and allow us to assess the possible consequences of introducing a progressive personal income tax scale in 2025 as the first cautious step towards tax reform that corresponds to long-term priorities of scientific and technological development.

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I.V. Dodorina, E.V. Cherniaev

TERMINAL AND WAREHOUSE INFRASTRUCTURE: PROBLEMS AND PROSPECTS

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The article analyzes the main indicators of the warehouse real estate market (by federal districts, highlighting the most important subjects). In modern conditions, the development of logistics infrastructure is an important factor in socio-economic development, which determines, among other things, the investment attractiveness of the region. Based on statistical data, the work shows that terminal and warehouse infrastructure plays a particularly significant role in the territories adjacent to megacities. At the same time, in all federal districts, as well as in Moscow and the Moscow region, St. Petersburg and the Leningrad region, the level of available warehouse space varies in the range from 0,1 to 1,7%, which is extremely low and indicates an acute shortage of warehouse space. This means that currently the terminal and warehouse infrastructure throughout almost the entire territory of the country is a factor constraining economic development. At the same time, the results of the analysis can act as a signal for business: investments in the development of terminal and warehouse infrastructure are expected to be profitable and should pay off effectively.

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K.Yu. Timerbulatova 

THE SIGNAL ROLE OF ADVERTISING IN OPINION LEADERS’ BLOGS IN SOCIAL NETWORKS

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The article focuses on studying the possibility of advertising in social networks in the format of paid recommendations or opinion leaders’ reviews to serve as a signal of unknown quality. Results of econometric modeling confirm the positive impact of reviews from online “experts” and “friends” on purchase intentions. In the game-theoretic model, which was developed taking into account the peculiarities of modern views on influencer marketing, it is shown that advertising in the opinion leaders’ blogs serves as a signal and generates first-period demand. Demand of the second period depends on the consumer generated content.

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FINANCE

 

D.A. Kochergin

GLOBAL EXPERIENCE IN IMPLEMENTING CENTRAL BANKS DIGITAL CURRENCIES FOR RETAIL PAYMENTS IN EMERGING MARKETS AND DEVELOPING COUNTRIES

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The article is devoted to the definition of current trends in the development of retail payments, the study of the motives for the introduction of digital currencies, the architecture and design features of retail CBDC systems in emerging markets and developing countries (EMDCs), as well as possible risks. Proposals have been formulated to improve the digital ruble project. As a result of the study, conclusions are drawn about the global trend of more and more expanding use of non-cash payment instruments and the growing competition between private payment service providers and the government. The key motives for the introduction of retail CBDCs are: expanding financial accessibility, improving the security of payments, offering digital money of universal use, etc. Having analyzed the experience of implementing rCBDC systems in developing economies we conclude that these countries use a two-tier architecture, hybrid infrastructure and different types of digital wallets. The main difficulties facing the adoption of rCBDCs in EMDCs include risks of cyber security, bank disintermediation, low adoption, etc. For widespread the adoption of rCBDCs in EMDCs, including in Russia, it is necessary to: eliminate fees for CBDC payments; expand storage limits and transaction amounts; support anonymous low-denomination payments; encourage the use of digital currency in government payments, etc.

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D.A. Dinets

CONTRADICTIONS BETWEEN MONETARY AND FISCAL POLICIES: ANALYSIS OF THE CURRENT SITUATION AND POSSIBILITIES OF REDUCING THE LEVEL OF INTERGENERATIONAL DEBT

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The article proposes the author’s approach to grouping countries according to the level of use of resources inherited from past generations, as well as resources “borrowed” from future generations. The sample of countries was grouped based on the increase in production capacity compared to the level of past generations, which characterized the degree of use of those achievements that were formed by past generations, or formed their own reproduction circuit based on the achievements of engineering trends and future technologies. Further, these countries were grouped on the basis of “predatory” use of resources to the detriment of future generations. At the junction of two grouping characteristics, the author’s grouping of countries according to the level of intergenerational debt was formed. An analysis of the influence of monetary and fiscal policies on the economies of the countries of each group was carried out. Conclusions are drawn about the possibility of reducing the level of intergenerational debt through policy coordination without the use of automatic rules or recommendations of the Washington Consensus. For each group of countries, their own characteristic features of the fiscal and monetary policies combination have been identified, which have a stronger impact on the dynamics of intergenerational debt.

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G.A. Borisenko

NEURAL NETWORKS TO FORECAST STOCK PRICES BASED ON NEWS DATA

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This work is devoted to forecasting the movement of the stock prices of large Russian companies represented in the Moscow Exchange Index, based on news data. Transformer neural networks as well as classical machine learning are used as forecast models. Large Russian news sources and Telegram channels on economics and finance concerns are used as news data. The problem is solved in two settings: classification into 2 classes (the share price will be higher/lower than the current one) and classification into 3 classes (the share price will be higher/approximately at the same level/lower than the current one). As a result of the study, it was found that classical machine learning methods cope better with this task in the general case, but neural networks also show good quality for large companies.

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SCIENTIFIC LIFE

 

I.V. Karavaeva, M.Yu. Lev

ECONOMIC SECURITY OF RUSSIA: CURRENT RISKS AND LONG-TERM PRIORITIES (BASED ON THE CONFERENCE PROCEEDINGS «VIII SENCHAGOV READINGS»)

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The article presents the main guidelines and results of the scientific discussions that unfolded during the event held in April 2024 (Russian Federation, Moscow, IE RAS) – the VIII All-Russian scientific and practical conference of scientists, specialists, university professors and postgraduate students, dedicated to the legacy of the Honored Economist of Russia, Doctor of Economics, Professor, Academician of the Russian Academy of Natural Sciences V.K. Senchagov. The presented material reflects the process of opinions development and formation in the scientific community of new directions of theoretical and organizational-practical research of the economic security of Russia and its regions. The main focus of the conference was the discussion of the problems of economic security of Russia: long-term priorities and modern risks of socio-economic development within the framework of the following discussion areas: strategic priorities of national security of modern Russia in economic and social aspects; economic security institutions: evolution of tasks, functions, management mechanisms; – economy under sanctions and partial economic mobilization through the prism of economic security; new benchmarks for economic security in Russian regions. The broad and active participation of the scientific community (researchers from 29 cities of Russia and the Republic of Belarus, 56 state universities, academies, institutes and organizations attended the forum), the seriousness and significance of the presented research results confirmed the role and importance of economic security as the core of the country’s overall national security system, a tool for diagnosing and analyzing the state of the economic system in the face of challenges, threats and risks in the development of modern Russian society.

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