Universal basic income: A viable policy alternative?

Although the need for an efficient Roma integration policy is growing in Europe, surprisingly little robust scientific evidence regarding potential policy costs and expected benefits of alternative policy options has supported the policy design and implementation so far. The present study attempts to narrow this evidence gap and aims to shed light on long‐run economic, budgetary and fiscal effects of selected education and employment policies for the inclusion of the marginalised Roma in the EU. We employ a general equilibrium approach that allows us to assess not only the direct impact of alternative Roma integration policies but also to capture all induced feedback effects. Our simulation results suggest that although Roma integration policies would be costly for the public budget, in the medium‐to‐long run, economic, budgetary and fiscal benefits may significantly outweigh short‐ to medium‐run Roma integration costs. Depending on the integration policy scenario and the analysed country, the full repayment of the integration policy investment (positive net present value) may be achieved after 7 to 9 years. In terms of the GDP, employment and earnings, the universal basic income scenario may have the highest potential impacts, particularly in the medium‐to‐long run.     

A modernization strategy for the nuclear power complex of Russia: Development and implementation conditions

The author substantiates the idea of integrating the Russian nuclear power complex into the worldwide energy system. It would involve the transformation of the Rosenergoatom Concern into a Transnational Metacompetitive Corporation. If the transformation of the Rosenergoatom Concern is to take place there is a need to pursue an active forward strategy, which means giving up the role of a passive performer and becoming an active participant in its development.     

Do Corporate Venture Capitalists Add Value to Start-Up Firms? Evidence from IPOs and Acquisitions of VC-Backed Companies

We present evidence that corporate venture capitalists (CVCs) add value to start-up companies only when the start-ups have a strategic fit with the parent corporations of CVCs. We find that CVCs provide a variety of services and support that suit the specific needs of start-ups operating in different industries. CVC-backed start-ups are able to obtain higher valuations at the IPO than non-CVC-backed ones, and the value added by CVCs concentrates in start-ups with a strategic overlap with CVC parents. Entrepreneurial companies with strategic CVC backing also receive higher takeover premiums when they become acquisition targets .     

Network modeling approaches for calculating wholesale NGA prices: A full comparison based on the Greek fixed broadband market

According to the European Commission Recommendation for setting copper and fiber wholesale prices where cost orientation is imposed as a remedy, National Regulatory Authorities (NRAs) should adopt a Bottom-UP Long-Run Incremental Cost Plus (BU LRIC+) costing methodology that estimates the current cost that a hypothetical efficient operator would incur to build a modern efficient Next Generation Access (NGA) network. The starting point of modeling an efficient operator investing in NGA networks is the network modeling approach. In this paper, we compare the most widely adopted network modeling approaches in terms of wholesale fiber-to-the-home (FTTH) prices. In particular, the modified scorched node approach is compared to the extreme cases of the scorched node and the scorched earth approaches. The comparison between the aforementioned scenarios sheds light on the impact of each approach on the wholesale FTTH prices. The main finding of this paper is that the scorched earth approach leads to a maximum of 10% reduction in the short-term access prices compared to the most inefficient scorched node approach, whereas further extending its optimizations by optimizing the number of central offices, both the short-term and long-term wholesale price reductions are quite significant (more than 20%) regardless of service speeds. Consequently, NRAs should consider a geographically differentiated modeling approach when regulating the wholesale market by adjusting the level of scorching in each area and network segment according to the investment plans of telecom operators. An appropriate variation of the modeled network operator's efficiency is expected to more accurately represent the costs of a reasonably efficient operator based on the real market conditions and a forward-looking perspective. These findings provide valuable information to both network operators and telecom regulators.     

Approaches to measuring the dynamics and structure of human capital and assessing its accumulated impact on economic growth

The article presents an analysis of existing approaches to calculating the volume of human capital on the level of the national economy. Possible approaches to calculating the retrospective dynamics of this indicator for Russia based on available statistical information are analyzed. The questions of constructing a model of the production function, comprising the index of human capital as a factor, are illustrated.     

Analysis of income inequality factors

This paper is a report of the analysis of the basic factors, which form the income differentiation of Russia’s population in the 2000s. This describes the methods and results of calculating differentiated balances of money income and expenditures of the population in 2007–2012.