Forecasting recruitment needs of the Russian economy: Qualitative aspects

The article presents a new mechanism for translating labor market’s needs to the vocational education system that promotes the provision of long-term personnel requirements within the framework of the implementation of competence-based educational programs.     

The evaluation of the long-term economic development of the Irkutsk region in the system of the all-Russian forecasting

The long-term forecasting of the development of the Irkutsk region by economic sectors is considered. The evaluations of the structural changes and the interregional relationships by the variants of the potential trends of development of the economy of Siberia and Russia in a whole are presented. The forecast is made by the production output data, which are the basis of the target growth of the final consumption.     

Macroeconomic assessment of the state of regional labor markets in the Asian part of the Russian Arctic

The article analyzes the current conditions of the sector of employment and labor market in the regions of the Asian part of the Russian Arctic (about employment in the European part of the Russian Arctic see No. 1, 2016). Major changes in the structure of the sources of the formation of the manpower resources and its distribution by sectors of activity have been studied. An inertial assessment of the medium-term dynamics of the basic parameters of the regional labor markets has been given.     

Government bond market: Potential for establishing a system of primary dealers in Russia based on relevant world experience

The paper considers a potential improvement in the stability of the Russian government bond market by establishing a system of primary dealers. The existing world models of primary dealership are identified and their relations with national market peculiarities are determined based on the analysis of statistics and regulatory documents of 22 countries. The revealed regularities allow the authors to propose a private dealership model adapted to the specifics of the domestic economy.     

Problems and prospects of special economic zones in Russia

This article provides an evaluation of the efficiency of special economic zones in Russia for the 10 years since their establishment. An analysis of the possible courses of their development has been given. Approaches to models of SEZ administration and financing have been reconsidered.     

Analysis of long-term dynamics of factors that determine labor commuting in the Moscow region

Based on the studies of data for the Moscow region for 2001–2014, this paper proposes a method for assessing the long-term dynamics of labor commuting according to the dynamics of its key factors, including the population’s income, the cost of housing, and the cost of intraregional travels. It has been shown that these parameters did not undergo radical changes in the studied period: this indicates the stability of the structure and dynamics of labor commuting in the Moscow region. The forecast for the development of the situation in the near future has been discussed.     

Projections of Russia’s agricultural development under the conditions of climate change

This paper analyzes the possible impact of irrigation on the development of agriculture in the Volga River Basin and Black Sea Basin. Scenarios of the development of agriculture in Russia up to 2030 under the conditions of the expansion of irrigation and persistence of the current situation with irrigation have been calculated and analyzed based on the IMPACT-3 econometric partial equilibrium model.     

Growth in prices for mining products in the post-Soviet period and economic deindustrialization

In the context of growing prices for mining products aimed at achieving the world price level, economic deindustrialization occurs due to the changed proportions of the redistribution of natural resource royalties. The ways of the cross-sectoral redistribution of resource royalties and increase in their macroeconomic efficiency by changing forms of industrial production are discussed in the article.     

Does Audit Committee Accounting Expertise Help to Promote Audit Quality? Evidence from Auditor Reporting of Internal Control Weaknesses

In this study, we examine whether audit committee accounting expertise helps to promote audit quality by motivating auditors to conduct diligent internal control audits and make appropriate internal control assessments because audit committee accounting expertise safeguards auditors from dismissal following adverse internal control opinions. Among clients with existing and likely internal control material weaknesses (as proxied by future restatements of audited financial statements), we find a greater likelihood of adverse internal control audit opinions when the audit committee has greater accounting expertise (measured by the proportion of accounting experts on the audit committee). Among all clients, we find a lower likelihood of subsequent auditor dismissal following an adverse internal control audit opinion when the audit committee has greater accounting expertise. In further analyses, we find that this lower likelihood of subsequent auditor dismissal occurs when at least two audit committee members possess accounting expertise. We also find some evidence that CFO influence (but not CEO influence) over the audit committee negates the increased likelihood of adverse internal control opinions when internal control material weaknesses likely exist, as well as the decreased likelihood of auditor dismissal following adverse internal control opinions. These findings have important implications for regulators and corporate nominating committees interested in promoting audit committee effectiveness.