Income differences and poverty: Problems facing Russia and the international experience of dealing with them

The topicality of income difference and poverty issues has greatly increased in post-Soviet Russia. Solutions to these problems are considered key goals of the country’s socioeconomic development. Factors behind the current situation are identified to develop specific measures for reducing the existing income differences and poverty level. The foreign experience in solving this problem is analyzed.     

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.     

怎样恢复良好的收益?——投资银行面临全球衰退的挑战

近年来,许多投资银行采取了基于建立全球覆盖的商业模式.这一方法在收入不断增加时是合理的.但在今天更为严酷的商业环境中,同样的策略被过多地运用,除最大的竞争者外,其它竞争者几乎都处于劣势.     

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.     

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.     

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 .     

Individual characteristics and behavior in repeated games: an experimental study

Using a laboratory experiment, we investigate whether a variety of behaviors in repeated games are related to an array of individual characteristics that are popular in economics: risk attitude, time preference, trust, trustworthiness, altruism, strategic skills in one-shot matrix games, compliance with first-order stochastic dominance, ability to plan ahead, and gender. We do find some systematic relationships. A subject’s compliance with first-order stochastic dominance as well as, possibly, patience, gender, and altruism have some systematic effects on her behavior in repeated games. At the level of a pair of subjects who are playing a repeated game, each subject’s gender as well as, possibly, patience and ability to choose an available dominant strategy in a one-shot matrix game systematically affect the frequency of the cooperate–cooperate outcome. However, overall, the number of systematic relationships is surprisingly small.     

The exchange traded funds’ pricing deviation: analysis and forecasts

In this paper, we study the pricing deviations of the three most liquid Exchange Traded Funds from the price of the underlying index. We examine Spider, Diamonds, and Cubes and find that their price deviation is predictable and nonzero. Therefore, the pricing deviation can be considered an additional cost of administering an Exchange Traded Fund. The reason for the predictability of the pricing deviation stems from its stationarity. The reasons for the pricing deviation being nonzero are the specific price discovery processes and dividend accumulation and distribution for this asset class. The pricing deviation can be used as a performance metric of Exchange Traded Funds and might motivate arbitrage strategies.