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An analysis of regional infrastructure to support technology entrepreneurship: Challenges and ways to overcome them

Akimova O.E. Volgograd State Technical University (VSTU), Volgograd, Russian Federation ( akimovann25@mail.ru )

Volkov S.K. Volgograd State Technical University (VSTU), Volgograd, Russian Federation ( ambiente2@rambler.ru )

Kabanov V.A. Volgograd State Technical University (VSTU), Volgograd, Russian Federation ( kabanov@vstu.ru )

Kuzlaeva I.M. Guarantee Fund of Volgograd Oblast, Volgograd, Russian Federation ( kmn07@mail.ru )

Journal: Regional Economics: Theory and Practice, #10, 2019

Subject This article examines the infrastructure of support for technology entrepreneurship at the regional level, considering the Volgograd Oblast as a case study.
Objectives The article aims to analyze the regional infrastructure to support technology entrepreneurship and develop practical recommendations for its improvement.
Methods For the study, we used a systems approach and the methods of analysis and synthesis, comparison, generalization, and involved observation.
Results The article reveals the low effectiveness of measures of State support for technology entrepreneurship in the regions. It also offers certain ways to address the problem.
Conclusions and Relevance To develop technology entrepreneurship in the region, it is necessary to restructure the system of institutional support, organize a tripartite cluster-type interaction between the business community, research organizations and public authorities. The results of the study can be used by the authorities responsible for the development of entrepreneurship and innovation, as well as the business community.


A comparative analysis of major trends in the fiscal and monetary policies of Russia

Slepov V.A. Plekhanov Russian University of Economics, Moscow, Russian Federation ( slepov.va@rea.ru )

Volkov I.I. Plekhanov Russian University of Economics, Moscow, Russian Federation ( winner.06@mail.ru )

Journal: Financial Analytics: Science and Experience, #10, 2017

Subject The article analyzes the major trends in the monetary and fiscal policies of Russia.
Objectives The purpose of the study is to determine the extent of interaction of the said trends, which is focused on economic growth.
Methods The main methods we apply in the research include formal and dialectical logic, deduction and induction, analysis, synthesis, comparison, and synergy.
Results The inflation targeting and improving the transmission mechanism quality are the main elements of the monetary policy pursued by the Bank of Russia. The regulator specifies that one of drivers of monetary regulation efficiency is an adequate fiscal policy with regard to its predictability and capability to ensure sustainable economic development. The fiscal policy is focused on fiscal consolidation through cuts in public expenditure and alignment of budget balance in the mid-run.
Conclusions and Relevance The paper assesses the degree of integration of the fiscal and monetary policies over the current three-year period, which is classified as low, medium and high depending on certain measures to be taken. The findings may be useful for developing the financial and economic policies of the Russian Federation and the Federal budget formation.


Modern methods to assess the effectiveness of State support for innovation in the region

Avramchikova N.T. Reshetnev Siberian State University of Science and Technology, Krasnoyarsk, Russian Federation ( avr-777@yandex.ru )

Volkov D.O. Reshetnev Siberian State University of Science and Technology, Krasnoyarsk, Russian Federation ( volkov.do@mail.ru )

Journal: Regional Economics: Theory and Practice, #4, 2018

Importance This article considers the modern methods of estimation of efficiency of State support of innovative activity, widely applied at the regional level to assess the efficiency of budget funds use.
Objectives The article aims to identify problems related to the assessment of the effectiveness of State support for innovation activities at the regional level, and develop a qualitatively new evaluation strategy, involving an expert assessment of State support, which takes into account the opinion of recipients of such support and qualified experts.
Methods For the study, we used the methods of logical and statistical analyses.
Results The article formulates a new definition of expert estimation method, and it proposes the one to assess the effectiveness of State support in the sphere of scientific, technical and innovative development of the country.
Conclusions We believe that applying the proposed expert assessment method will help enhance the validity of decisions, take into account a great number of factors influencing the effectiveness of support mechanisms, and identify the existing relationships between effective State support and increase of innovation activity in the country.


Approaches to classification of non-tariff measures for foreign trade regulation

Volkov R.G. Center for Macroeconomic Analysis and Short-Term Forecasting, Moscow, Russian Federation ( rvolkov@forecast.ru )

Sabel'nikova E.M. Center for Macroeconomic Analysis and Short-Term Forecasting, Moscow, Russian Federation ( esabelnikova@forecast.ru )

Journal: Economic Analysis: Theory and Practice, #4, 2018

Importance The analysis of non-tariff measures for foreign trade regulation implies application of classifications developed over the last decades by international economic organizations and independent researchers. The article deals with the evolution of different approaches to non-tariff measures classification from the middle of the 20th century to the present day.
Objectives The study aims to review different approaches to non-tariff measures classification.
Methods We investigate approaches to non-tariff measures classification and perform their historical and qualitative analysis.
Results The analysis shows that researchers and international organizations have developed several classifications over recent 30 years. However, all of them either solved specific problems or became irrelevant due to expansion of non-tariff measures. This required joint efforts of the UN, WTO, UNCTAD and other organizations to develop a universal classification.
Conclusions At present, the UNCTAD classification developed in 2008 is considered to be the most comprehensive and widely used one. Though it covers approximately 180 non-tariff measures, the classification process remains unfinished.


Modern methods to assess the effectiveness of State support for innovation in the region

Avramchikova N.T. Reshetnev Siberian State University of Science and Technology, Krasnoyarsk, Russian Federation ( avr-777@yandex.ru )

Volkov D.O. Reshetnev Siberian State University of Science and Technology, Krasnoyarsk, Russian Federation ( volkov.do@mail.ru )

Journal: National Interests: Priorities and Security, #7, 2019

Subject This article considers the modern methods of estimation of efficiency of State support of innovative activity, widely applied at the regional level to assess the efficiency of budget funds use.
Objectives The article aims to identify problems related to the assessment of the effectiveness of State support for innovation activities at the regional level, and develop a qualitatively new evaluation strategy, involving an expert assessment of State support, which takes into account the opinion of recipients of such support and qualified experts.
Methods For the study, we used the methods of logical and statistical analyses.
Results The article formulates a new definition of expert estimation method, and it proposes the one to assess the effectiveness of State support in the sphere of scientific, technical and innovative development of the country.
Conclusions We believe that applying the proposed expert assessment method will help enhance the validity of decisions, take into account a great number of factors influencing the effectiveness of support mechanisms, and identify the existing relationships between effective State support and increase of innovation activity in the country.


Inflation targeting and economic growth: Dichotomy or correlation?

Volkov I.I. Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation ( winner.06@mail.ru )

Skarednov E.V. Plekhanov Russian University of Economics (PRUE), Moscow, Russian Federation ( skarednov_ugen@mail.ru )

Journal: Finance and Credit, #4, 2019

Subject The article studies whether the inflation targeting policy of the Central Bank of Russia can coexist with the macroeconomic intention of spurring the GDP growth.
Methods The research is mainly based on tools of mathematical, formal and dialectic logic, analysis and synthesis, induction and deduction.
Results We conducted the vector regression analysis to evaluate the correlation of GDP and monetary tools with 2014–2016. Key tools of inflation targeting have a limited impact on the economic growth level. We considered how measures of the Central Bank of Russia in 2014–2016 influenced the efficiency of the budgetary policy. To evaluate what effect inflation targeting had on the economic growth in 2017–2018, we applied the equation of fiscal restrictions imposed by the government. This type of monetary policy was found to considerably stabilize macroeconomic conditions in Russia for the said period. The economy and fiscal deficit may be much better improved if the difference between inflation (not exceeding the target) and key rate is as little as possible provided the economic growth is highly sensitive to inflation and key rate.
Conclusions The research determined limits and prospects for applicability of inflation targeting to stimulate business activities in Russia in the short- and mid-run. The findings can be used to formulate provisions on the regulation of monetary policy for spurring the economic growth.


A study of the modern state of innovative entrepreneurship in Russia

Akimova O.E. Volgograd State Technical University (VSTU), Volgograd, Russian Federation ( akimovann25@mail.ru )

Volkov S.K. Volgograd State Technical University (VSTU), Volgograd, Russian Federation ( ambiente2@rambler.ru )

Journal: Regional Economics: Theory and Practice, #4, 2019

Subject This article examines the issues of innovative entrepreneurship, the current state of which reflects the level of economic development of areas, regions, and the State as a whole.
Objectives The article aims to conduct a comprehensive analysis of the modern state of innovative entrepreneurship in Russia.
Methods For the study, we used the methods of quantitative and qualitative analyses of international ratings of innovative development, statistics of the Federal State Statistics Service, and the ratings of innovation companies and innovation regions of Russia.
Results The article reveals the main constraints and problems of development of the system of the Russian innovative entrepreneurship.
Conclusions and Relevance The identified problems of development of innovative entrepreneurship in Russia are a small part of the obstacles, slowing the emergence and growth of innovation companies and enterprises in the sphere of small and medium-sized business. Solving these problems is a prerequisite for increasing the innovative potential of domestic enterprises, which will help the Russian economy to enter the innovative path of development. The results of this study can be used to promote entrepreneurship and innovation at the regional and federal levels.


Distinctive characteristics of human capital among older age groups of the population in the northern region: Evidence from the Republic of Karelia

Volkov A.D. Institute of Economics, Karelian Research Centre of Russian Academy of Sciences, Petrozavodsk, Republic of Karelia, Russian Federation ( kov-vol@rambler.ru )

Journal: National Interests: Priorities and Security, #2, 2019

Subject The article discusses issues of employing the retirement age groups of people, considering the population aging trend.
Objectives The research identifies practices of employing the retirement age people in the northern area of the Russian Federation.
Methods I applied methods of institutional and logic analysis. The empirical framework comprises data of qualitative surveys as part of the socio-economic study into manpower reproduction in 2018.
Results Based on data of semi-structured interviews of top management, I conducted the content analysis of factors influencing employment practices with respect to the third age group of people. Such factors are considered to include the personnel policy with respect to the retirement age employees, corporate technological structure, production specifics, corporate social policy, specifics of pensioners' employment. The article reveals contemporary practices of employing people from older age groups.
Conclusions and Relevance The above tools allow to trace key HR approaches to the third age employees. Considering limitations of the northern economically distressed area, it is vital for most enterprises to employ the retirement age people due to comparative advantages offered by such human capital, and practices allowing to erase its weaknesses. This research may prove valuable for HR policies and regional programs for socio-economic development.


An impact of price instruments of alcohol policy on crime rate in the regions of the Russian Federation

Volkov A.Yu. National Research University Higher School of Economics, Moscow, Russian Federation ( volkovwho@gmail.com )

Journal: Regional Economics: Theory and Practice, #10, 2018

Subject This article discusses various measures to reduce the availability of alcoholic beverages to the population.
Objectives The article aims to assess the impact of anti-alcohol policy measures, price instruments especially, on the crime rate in the regions of Russia.
Methods For the study, I used an econometric analysis. The Rosstat data for 2003–2016 are the basis for research.
Results The article shows a non-linear correlation between the level of alcohol prices and the amount of crime in the region.
Conclusions and Relevance The use of price instruments in the framework of anti-alcohol policy helps reduce the crime rate in the regions. At the same time, it is necessary to approach their application with caution due to the possibility of strengthening of the competitiveness of illegal alcoholic beverages. The research findings can be used in the formation of anti-alcohol policy.


Innovation efficiency drivers in the regions of resource type: The Krasnoyarsk Krai case study

Volkov D.O. Reshetnev Siberian State University of Science and Technology (Reshetnev University), Krasnoyarsk, Russian Federation ( volkov.do@mail.ru )

Journal: Regional Economics: Theory and Practice, #8, 2018

Subject This article examines the factors influencing the efficiency of innovative development of resource-type regions and reveals their specific peculiarities.
Objectives The article aims to carry out a complex original study of the factors of innovative development of resource-type regions of the Russian Federation considering the Krasnoyarsk Krai as a case study. As well, it intends to develop a qualitatively new classification of the mentioned factors.
Methods For the study, I used the methods of logical and statistical analyses.
Results The article presents a developed classification of factors of innovative development of regions, taking into account the specificity of raw-material orientation at the federal and subnational levels.
Relevance The offered classification helps determine priority directions of regulation of innovative activities taking into account a significant role of State management at the regional level.


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