Employment structure transformation through economic activity types perspective

The present study was conducted to identify the reasons in modern information society that caused significant changes in the labor market particularly in its industrial structure through the perspective of individuals employed in real and service sectors. The analysis of the employed population`s statistical sample by economic activity type in enlarged groups of industrial and non-industrial spheres of activity over the past 20 years has shown that scientific and technological transformations have led to a significant shift in the employment structure. The research used statistical data comparison of economic activity types and the ratio of the regions employed in real and service sectors. New types of economic activity are emerging and start prevailing inherent exclusively in the current state of economy in the context of digitalization. A significant structural shift has been revealed in the course of the analysis of the employed population by the enlarged industry affiliation, which demonstrates diametrically opposite positions in the overall structure of employment. The resulting ratio allows us to propose and apply the coefficient of the employment structure, demonstrating a multiplier effect on identifying such jobs creation and preservation of which leads to further employment provisioning. The obtained tool allows managing population employment as well as related social and economic processes as migration outflow and population growth in all age groups, population reproduction, expansion and improvement of educational and health services in a particular territory. In addition, application of the developed employment structure tool allows estimating the amount of investment required to solve these issues

Globalization of mortgage-backed securities market in Russia: Legal impact on transaction economy

Research background: The exponential growth of mortgage lending has taken on increasing importance in development of securitization activities market for mortgage assets throughout the world. The difficulty of comparing mortgage-backed securities of different countries explained by varying national legal features is the reason why there is no international market for such securities. Since 2014, the mortgage securities market has entered the stage of nationalization; as a result, it slowed down and lost the necessary infrastructure, including its legal components. Since securitization of mortgage loans first originated and became common in developed economies, it is of interest to compare Russian and international experience of legal regulation of each transaction stage. Purpose of the article: The purpose of this paper is to analyze legal regulation features of mortgage securitization in different countries and their impact on economic characteristics of securities in order to develop a globalization strategy for this market. Methods: The study is based on open data from Russian, European, American, England Central Banks and uses methods of structural, statistical, dynamic analyses and abstraction which made it possible to form holistic and substantiated conclusions. Findings & Value added: As a result of research activities, key features of legal regulation of mortgage securitization transaction have been identified. Based on these findings, a strategy for globalization of mortgage securities market was proposed. It contributes to international cooperation development in the field of long-term projects financing, including support measures of mortgage lenders

Employment structure transformation through economic activity types perspective

The present study was conducted to identify the reasons in modern information society that caused significant changes in the labor market particularly in its industrial structure through the perspective of individuals employed in real and service sectors. The analysis of the employed population`s statistical sample by economic activity type in enlarged groups of industrial and non-industrial spheres of activity over the past 20 years has shown that scientific and technological transformations have led to a significant shift in the employment structure. The research used statistical data comparison of economic activity types and the ratio of the regions employed in real and service sectors. New types of economic activity are emerging and start prevailing inherent exclusively in the current state of economy in the context of digitalization. A significant structural shift has been revealed in the course of the analysis of the employed population by the enlarged industry affiliation, which demonstrates diametrically opposite positions in the overall structure of employment. The resulting ratio allows us to propose and apply the coefficient of the employment structure, demonstrating a multiplier effect on identifying such jobs creation and preservation of which leads to further employment provisioning. The obtained tool allows managing population employment as well as related social and economic processes as migration outflow and population growth in all age groups, population reproduction, expansion and improvement of educational and health services in a particular territory. In addition, application of the developed employment structure tool allows estimating the amount of investment required to solve these issues