Factors of Economic Growth in Russia's Regions

Drobyshevsky, Sergey; Lugovoy, Olеg; Astafieva, Ekaterina; Polevoy, Dmitry; Kozlovskaya, Anna; Трунин, Павел; Lederman, Lew

doi:10.2139/ssrn.2170309

Cited by 7 publications

(5 citation statements)

References 46 publications

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“…On the basis of the information received through the network of business communications and the exchange of electronic documents between the companies "Sbis" (Drobyshevsky et al, 2005), the authors are forming the basic values that are necessary for creation of indicators for the calculation of financial ratios with the help of the financial statements of users of subsurface resources of Tomsk region.…”

Section: Research Questionsmentioning

confidence: 99%

Forming Composite Financial Indicator For Company Ranging In Oil And Gas Complex

Budlova¹,

Pichigina²,

Andrienko³

et al. 2018

The European Proceedings of Social and Behavioural Sciences

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Investment and financial policy of companies facilitate getting additional resources for financing and strengthen their financial status. Various methods have been developed so far, and there are a lot of financial coefficients by which one can evaluate and mark not only financial but also industrial potential of companies. But every region of the Russian Federation and every industry have specificities that are very difficult to take into account in defining regulatory meaning of financial indicators. That is why, the authors suggest forming a single financial indicator, and they have analyzed some companies of the oil and gas sector of Tomsk region. In the authors' viewpoint, the consolidated financial indicator allows assessing and analysing comprehensively the level of competitiveness of business entities. The obtained rating revealed that the first places belong to truly successful companies, which in fact undertake managing activity. The last places belong to the companies that do not manufacture goods, do not have any managerial and production expenditures. In this connection, the subsequent study and construction of an optimum business strategy is possible based on the constructed rating and comprehensive study of the leaders. The knowledge of factors, influencing the functioning of the organisation negatively, allows the agents of management to elaborate managerial decisions, correcting the managerial process. The number of taken corrective managerial decisions depends on the quality of managerial decisions made, which will lead to the change in the company's position in the composite rating.

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Section: Research Questionsmentioning

confidence: 99%

Forming Composite Financial Indicator For Company Ranging In Oil And Gas Complex

Budlova¹,

Pichigina²,

Andrienko³

et al. 2018

The European Proceedings of Social and Behavioural Sciences

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“…These countries have made some practical steps towards economic and financial integration: (1) Russia, Kazakhstan, Belarus (as well as four other CIS countries) are involved in the implementation of the concept of cooperation and coordination in the currency area [3,4]; (2) on July 30, 2012 Ukraine ratified a free-trade agreement [5], becoming the third country (along with Russia and Belarus) that implemented this procedure.…”

Section: Justification For the Selection Of Countries And The List Ofmentioning

confidence: 99%

Assessment of financial convergence of Ukraine with the CIS countries and the European Union

Kozmenko¹,

Савченко²,

Kazarinov³

2012

Banks and Bank Systems

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The article evaluates the financial convergence criteria of Ukraine with the major countries of the Commonwealth of Independent States: Russia, Kazakhstan and Belarus. It also studies the criteria of financial convergence of Ukraine with its main trading partners in Europe: the Eurozone, Poland, Hungary and the Czech Republic. Using the results of the comparative analysis the conclusion has been made that Ukraine has a bigger financial convergence with the CIS countries.

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“…They use cross-sectional regressions to identify three major drivers: the positive agglomeration effect in Moscow, the concentration of wealth in resource-rich regions, and the decline of Siberia and the Far East caused by population outflows. Kholodilin [19]) use unit root tests and find no convergence of real per capita income even within Russian Federal Districts except for the Far East. Ledyaeva and Linden (2008[20]) use panel data analysis and find conditional convergence for the period 1996-2005, stressing the contribution of investment and exports to growth.…”

mentioning

confidence: 99%

“…Yushkov points at the beneficial role of transfers from the federal to the regional level but mentions that these transfers helped mainly to stabilise macroeconomic conditions in the regions during the 2008-09 crisis, particularly in the North Caucasus, rather than support potential growth. Finally, Di Bella et al, (2017 [19]) underline that transfers from the federal to the regional level contribute to reducing interregional disparities in physical and human capital, but do not help income per capita to converge, and do not foster incentives for subnational debt sustainability.…”

mentioning

confidence: 99%

“…Public spending may contribute to improving infrastructure and public services and boost potential growth if directed toward "productive government spending" (Barro, 1990[50]). On the other hand, public resources may be spent inefficiently and generate a large non-tradeable sector where low competitive pressure limits productivity gains (Di Bella, Dynnikova and Grigoli, 2017 [19]).…”

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confidence: 99%

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The drivers of regional growth in Russia

Blöchliger

Durand-Lasserve

2018

OECD Economics Department Working Papers

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This document, as well as any data and map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. 2 │ ECO/WKP(2018)71 DRIVERS OF REGIONAL GROWTH IN RUSSIA: A BASELINE MODEL WITH APPLICATION Unclassified OECD Working Papers should not be reported as representing the official views of the OECD or of its member countries. The opinions expressed and arguments employed are those of the author(s). Working Papers describe preliminary results or research in progress by the author(s) and are published to stimulate discussion on a broad range of issues on which the OECD works.

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Factors of Economic Growth in Russia's Regions

Cited by 7 publications

References 46 publications

Forming Composite Financial Indicator For Company Ranging In Oil And Gas Complex

Forming Composite Financial Indicator For Company Ranging In Oil And Gas Complex

Assessment of financial convergence of Ukraine with the CIS countries and the European Union

The drivers of regional growth in Russia

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