Model of Financial Incentives for Innovation Activity in Industrial Sector: Development and Forecasting of Efficiency

Manshilin, S. A.; Leshchinskaya, A. F.

doi:10.26794/2587-5671-2022-26-2-74-87

Cited by 6 publications

(1 citation statement)

References 10 publications

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“…In the Russian Federation, settlements for electric power transmission services between territorial grid organizations (TSO) are made on the basis of the "boiler" model [15]. In these conditions, mutual settlements of all consumers belonging to the same group pay the "boiler holder" for electricity transmission services at a single (boiler) tariff.…”

Section: Methodsmentioning

confidence: 99%

Assessment of the Formation of the Economic Effect of Cross-Subsidization in the Electric Power Industry

2023

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The materials presented in the article reflect changes in the mechanism of cross-subsidization in the electric power industry, where price discrimination of consumers has taken place until recently. Historically, the established practice has been expressed in the redistribution of the burden of paying for electric energy between consumer groups, ensuring the containment of tariff growth. However, the reduction of tariffs for some categories of citizens was achieved by increasing them for others, social justice was violated and, for some buyers, the price is set above marginal costs, and for others—lower, although, in general, it led to prices corresponding to average costs. This policy was considered by the state as a measure of social support for the population but, at the same time, led to some negative consequences. The presented conceptual provisions for the creation of unified energy zones aimed at ensuring a fair redistribution of cross-subsidization between electricity consumers and a gradual reduction in its consumption will make it possible to form a unified energy space of Russia. On a concrete example, the socio-economic effects of the introduction of the author’s approach to the distribution of cross-subsidization between groups of consumers of electric power transmission services are identified and shown. They show the degree of influence of the amount of cross-subsidization paid by the consumer company on the cost of the final products that this company produces. The price of electric energy, which is part of the cost of production, significantly changes the consumer cost of energy-intensive production. The implementation of the proposals contained in the article will create economic incentives for the development of economically lagging regions and will make it possible to form an effective state tariff policy in the process of regulating the socio-economic development of the Russian Federation, defining an effective state tariff policy.

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Section: Methodsmentioning

confidence: 99%

Assessment of the Formation of the Economic Effect of Cross-Subsidization in the Electric Power Industry

2023

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Influence of financial tools, ESG principles and carbon regulation on the metallurgical industry

Leshchinskaya

2022

RJIE

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The article deals with the potential financial risks for Russia, devoted to the crossborder carbon regulation in the EU and its impact on the metallurgical industry. Due to the imposed economic sanctions and the refusal of a number of Western countries to cooperate with Russia the companies involved in the metallurgical sector are forced to transfer their export flows from the European markets to the Asian countries with China predominating. The authors conclude that in the short-term perspective the main tasks challenges for business will involve import substitution, search for the new sources of supply and restructuring of logistics chains. However, it is important to continue developing ESG principles, managing ecological risks and reducing carbon dioxide emissions in particular. Implementation of decarbonization strategy will let the business preserve the volumes of export and remain competitive in the international market where various incentives and mechanisms of decarbonization are formed. The authors analyses the relevance of climatic agenda in Russia: emergence of new financial tools, formation of ecological direction in the legislation as well as appropriate government support of the measures for improving environmental protection in terms of industrial enterprises’ activities. The authors point out that decarbonization of metallurgical sector requires developed partnership between business, state and ESG investors to provide the companies with access to external financing, modern domestic technology with the reduction of carbon payments in the future. In general, the article contains evaluation of the impact of financial tools, existing ESG principles and cross-border carbon regulation in terms of current development of the metallurgical industry.

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Prospects for innovative development of donor regions and subsidized subjects of the Russian Federation

Bykova

2022

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In the works of domestic and foreign authors it is noted that in modern conditions innovations determine the vector of development of territories. Also, the most important condition for the development of regions is the sufficiency of the necessary resources to ensure positive dynamics of economic growth. To date, most regional budgets are characterized by the need for subsidized contributions, since their incomes do not cover the amount of necessary expenses. Within the framework of the study, using econometric models, the features of the formation of the gross regional product under the influence of financing the innovative development of subsidized and non–subsidized entities were analyzed. The results of the study showed that in the donor subjects there is a stronger relationship between the costs of innovation and the value of the gross regional product. The results of the study have high theoretical and practical significance and can be used in regional planning.

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Model of Financial Incentives for Innovation Activity in Industrial Sector: Development and Forecasting of Efficiency

Cited by 6 publications

References 10 publications

Assessment of the Formation of the Economic Effect of Cross-Subsidization in the Electric Power Industry

Assessment of the Formation of the Economic Effect of Cross-Subsidization in the Electric Power Industry

Influence of financial tools, ESG principles and carbon regulation on the metallurgical industry

Prospects for innovative development of donor regions and subsidized subjects of the Russian Federation

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