Abstracts of Main Articles

INNOVATIVE DEVELOPMENT TARGETS: «RECOLLECTION OF THE FUTURE»? (MACROECONOMIC DYNAMICS IN THE EARLY 2013 CONTRADICT PRE-CRISIS FORECASTS)

 

Author

Yershov M.V., Sc.D. (Economics), Rosbank senior vice-president (project manager);

Tatuzov V.Yu., Ph.D. (Economics), chief specialist with the Development Department of the said bank;

Urieva E.D., specialist of the same department

 

Abstract

The authors ascertained failure of the scenario of national economy transition to innovation growth path by 2013, contained in the «Concept of socioeconomic development of the Russian Federation up to 2020» approved in autumn 2008. Reviewed in the first section of the article is the slower dynamics of macroeconomic indices in the beginning of the current year. The second section reviews the negative phenomena observed in this period, and the third one states and comments on the available short- and medium-term forecasts of its development (official national forecasts and those offered by IMF experts)

 

Key words

Concept of socioeconomic development of the Russian Federation up to 2020, IMF Global Financial Stability Report (2013), WB Russia’s Economy Report (2013), Innovative development of Russia’s economy, dynamics of RF main macroeconomic measures, stagnation of Russia’s economy, economic recession in Russia, inflation monetary (nonmonetary) factors, liquidity squeeze.

 

 

«OIL-AND-GAS TITANIC» AT THE END OF THE FIRST YEAR OF THE «NEW OLD» POLITICAL CYCLE (COMMENTS ON OFFICIAL MACROECONOMIC STATISTICS)

 

Author

Zhukovsky V.S., senior analyst with Ricom-Trust Investment Company, Russian Foreign Ministry University (MGIMO) reader

 

Abstract

Proceeding from an extensive multi-faceted analysis of Rosstat data on the nation’s macroeconomic dynamics within January-April 2013, the author casts oneself as a proponent of the well-known thesis of that the national economy has actually plunged into recession, and  given no reversal of radically liberal socioeconomic course it is doomed to a deep crisis even under the record high oil price. Suggested as the principal base for an alternative strategy is the available expertise of scholars with RAS Department of Social Sciences, Economics Unit

 

Key words

dynamics of RF main macroeconomic measures, OECD forecasts, RF ministry of economic development forecasts, Russian economy recession, «oil and gas needle», «import needle», deindustrialization, capital flight, nonmonetary inflation.

 

 

SPECIFICS OF STATE PROPERTY ADMINISTRATION IN RUSSIAN FEDERATION

 

Author

Dmitrieva O.G., Sc.D. (Economics), Professor, First Chairman Deputy, Committee on Budget and Taxes, State Duma of FA RF

 

Abstract

The author states that given an extensive promotion of the thesis calling for restraining the role of the state, the following specifics in government regulation have emerged in economic policy: the lack of laws regulating state property administration, no state property administration system for managing government equity stakes in joint-stock companies, extremely high management costs in joint-stock companies with government interest, continuous changes in legal status of public agencies and organizations with a view to diminishing functions of the state as owner (founder)

 

Key words

state property, state property privatization , public sector, government regulation of economy, state-owned corporations, government equity stakes in joint-stock companies, direct budget investments, investments in joint-stock company equity capital.

 

 

POST-SOVIET GEORGIA ECONOMY: TRENDS AND PROBLEMS

 

Author

Pylin A.G., Ph.D. (Economics), research associate with Center of Post-Soviet Studies, Institute of Economics, RAS

 

Abstract

The article (its beginning is to be found in No. 1 for 2013) is a follow-up a series of publications by researchers from the Center of Post-Soviet Studies, Institute of Economics, RAS, on socioeconomic evolution of concrete ex-republics of the USSR (earlier Rossiisky Ekonomichesky Zhurnal carried materials devoted to Ukraine, Belarus, Baltic countries and Moldova). Having reviewed the respective evolution of Georgia, the author arrived at the conclusion that the republic, on the one hand, stands out from all other post-soviet countries with its advanced market and institutional transformations and, on the other, failed to resolve its fundamental socioeconomic problems thus far. The desire of the nation’s new leadership to restore and extend trade and economic relations with Russia is treated by the author as a prospective factor of not only normalization of Georgia-Russia relations but also of acceleration of growth and improvement of quality of Georgia’s economy per se.

 

Key words

the Republic of Georgia (RG), IMF, WB, European Union, USA, Rose revolution, Baku-Tbilisi-Ceyhan oil pipeline, Baku-Tbilisi-Erzerum oil pipeline, Baku-Tbilisi-Kars railway, Georgia-Russia relations, Saakashvili, Ivanishvili.

 

 

INDEPENDENT ARMENIA IN SEARCH OF ECONOMIC DEVELOPMENT MODEL

 

Author

Vardomsky L.B., Sc.D. (Economics), Professor, Head, Center of Post-Soviet Studies, Institute of Economics, RAS

 

Abstract

Follow-up of a series of publications by researchers from the Center of Post-Soviet Studies, Institute of Economics, RAS, on socioeconomic evolution of concrete ex-republics of the USSR. The article is broken down into sections such as «Deindustrialisation in the 1990s, its causes and

effects», «Construction boom in 2000-2008, its prerequisites and macroeconomic consequences», «Armenia economy amid global financial crisis and in post-crisis period», as well as «Revising the country’s economic development model» describing the search of an optimal growth model sharply intensified in the wake of global financial and economic crisis barely weathered by Armenia. The author stresses that the search also deals with the choice of a prospective foreign economic orientation of the republic (through involvement with European or Eurasian integration)

 

Key words

Republic of Armenia, Nagorno-Karabakh conflict, Azerbaijan, Turkey, Armenian Diaspora, Concept of IT development in the Republic of Armenia up to 2018, export-oriented industrial strategy in the Republic of Armenia, Armenia-Russia relations.

 

 

SPACE AND SUBSTANCE OF NATIONALLY-ORIENTED APPROACH IN ECONOMIC THEORY

 

Author

Kulkov V.M., Sc.D. (Economics), Professor, Political Economy Chair, Economic Department of M.V. Lomonosov Moscow State University

 

Abstract

The article, being a direct polemic comment on previous publications in Rossiisky Ekonomichesky Zhurnal on the relationship of «political economy» and «national economy» (national economic theories) as scientific and educational disciplines, positively reflects an original author’s version of structuring the modern general economic theory, along with inclusion in its structure of the second of the said disciplines. In reflecting the national specifics of economy, as the author believes, it (national economic theory) «overtops» the three «abstract and universal fractions of the general economic theory forming, in combination, its «hard core» (i.e., over the classical political economy, representing economics, microeconomics and macroeconomics, as well as over institutionalism).

 

Key words

economic theory, general economic theory, political economy, classical political economy, neoclassical political economy (economics), national economic theory, national economic relations, national economic laws, Marx, List.