Assessment of effect of large investment projects on development of investment potential of regions of Russia as exemplified by Universiade 2013 in Kazan

Objective: development and testing in Russia of methods of assessment of the effect of individual managerial decisions on modification of investment attractiveness of the region Methods: institutional, cost and systemic approaches were employed, as well as econometric modeling Results: new methods of assessment of the effect of individual managerial decisions and measures on the level of investment attractiveness of the region are suggested and evaluated as exemplified by assessment of the effect of preparation and hosting Universiade 2013 in Kazan on investment attractiveness of the Republic of Tatarstan. Employment of the mentioned methods is illustrated by assessment of the consumer potential growth in the Republic of Tatarstan. Scientific novelty: methods of assessment of the effect of managerial decisions and measures of regional level on investment attractiveness of the region are offered, a number of regression models is built allowing to assess the effect of large regional projects on the consumer potential of the region of Russia as exemplified by the Republic of Tatarstan. Practical value: The suggested methods are universal and can be applied when assessing any large regional project in Russia, in any of its subjects

Drivers of economic growth and investment attractiveness of Russian regions

This paper deals with the identification and justification of the drivers of growth and regional development in Russia. Based on the regression analysis in this paper we consider the influence of the level of domestic demand and income inequality in the regions of Russia on the pace of their economic growth and their foreign investment attractiveness. The relationship of these indicators and their transformation in recent years are identified and analyzed

Developing the corporate management model on the basis of state-private partnership in energy supply to the state and municipal budget organizations

© 2015, Mediterranean Center of Social and Educational Research. All rights reserved. The article presents the research results of one of the topical issues of corporate management – interaction between a corporation and state in the frameworks of state-private partnership for increasing the energy efficiency and energy saving in the budget sphere. The advanced model of corporate management offers ways of developing the state-private partnership mechanism in this sector

Test ing Kuznets' hypothesis for Russ ian regions: Trends and interpretations

The paper established a number of "stylized facts", one of which is a confirmation of the S. Kuznets' hypothesis of the nonlinear dependence between the degree of inequality in income distribution and welfare economic systems on the example of a group of Russian regions for the period 2002-2012. It is shown that, for a given sample, the welfare and economic growth factors amplify their influence on inequality in income distribution in the post-crisis period. The monotonous growth of income inequality which was observed before the crisis of 2008 is slowing in the process of raising the per capita gross regional product (GRP) during the post-crisis period, and for the foreseeable future, in some regions, its direction can be reversed, while maintaining a trend of socio-economic development. Despite the persistence over time of a convex nature of S. Kuznets' curve for Russian regional data, its parameters changed during the reporting 2002-2012 period. The maximum point of the curve shifts to the left, its convexity increases. These facts indicate that the income inequality growth of the Russian regions' as a result of growth of per capita GRP is slowing. For some regions in the post-crisis period, the income inequality does not grow with the growth of per capita GRP, or it even reduces. This fact can be attributed to the implementation of the Russian federal socially oriented projects and programs in recent years. The results can be used for the development of regional economic policy in order to regulate the level of income distribution inequality in the regions of Russia

A Generalization Of Lattice Specifications For Currency Options

This article revisits the topic of two-state pricing of currency options.  It examines the models developed by Cox, Ross, and Rubinstein, Rendleman and Bartter, and Trigeorgis, and presents two alternative binomial models based on the continuous and discrete time Geometric Brownian Motion processes respectively.  This work generalizes the standard binomial approach incorporating the main existing models as particular cases.  The proposed models are straightforward, flexible, accommodate any drift condition and afford additional insights into binomial trees and lattice models in general.  Further, the alternative parameterizations are free of the negative aspects associated with the Cox, Ross, and Rubinstein model

Import substitution and integration processes of corporate management as tools for competitiveness development of the Russian regions under modern conditions

Objective: to identify and systematize the key factors of international competitiveness of the Russian regions and identify the key areas of its improvement. Methods: institutional and systemic approaches, factor and comparative analysis. Results: The key current problems of agriculture in Russia are highlighted; promising areas of support to Russian agriculture under the WTO restrictions are identified. The Republic of Tatarstan is viewed as an example, as it has the potential to become a food donor of federal significance. The model of the import substitution project implementation is formed, in which a сentral place belongs to the regional import substitution strategy. Scientific novelty: a high potential of WTO "green basket" measures in the sphere of the Russian agro-industrial complex support is grounded. The model of import substitution project is constructed, based on the regional import substitution strategy, which includes interaction with the project stakeholders and takes into account the impact of internal and external institutional environments on the project. Practical value: the research results can be used for the formation of the federal program of import substitution in Russia, as well as for the formation of regional strategies of import substitution

Estimation of the impact of large regional investment projects on the regional development on the example of Universiade-2013

© 2015, Mediterranean Center of Social and Educational Research. All rights reserved. The work reveals and classifies the main socio-economic consequences of large international competitions. The impact of a large international sporting event on the socio-economic development of the host region is characterized with the institutional approach on the example of Universiade 2013 in Kazan. The impact of the Universiade on the socio-economic development in Tatarstan is estimated by economic sectors. In particular, the construction industry, hospitality industry, tourism, education in the Republic of Tatarstan are considered

Testing the model of information system of innovative management in education

© 2015, Mediterranean Center of Social and Educational Research. All rights reserved. The work presents the results of testing the model of information system of innovative management in education on the example of Institute of Economics, Management and Law (Kazan) based on transactional approach, taking into account the classical theory of transaction costs. Classifications of transaction costs, most applicable in corporate hierarchies, are used. Special emphasis is made on the descriptions of economic effects of the information system implementation in an educational establishment

Assessment of effect of large investment projects on development of investment potential of regions of Russia as exemplified by Universiade 2013 in Kazan

Objective: development and testing in Russia of methods of assessment of the effect of individual managerial decisions on modification of investment attractiveness of the region Methods: institutional, cost and systemic approaches were employed, as well as econometric modeling Results: new methods of assessment of the effect of individual managerial decisions and measures on the level of investment attractiveness of the region are suggested and evaluated as exemplified by assessment of the effect of preparation and hosting Universiade 2013 in Kazan on investment attractiveness of the Republic of Tatarstan. Employment of the mentioned methods is illustrated by assessment of the consumer potential growth in the Republic of Tatarstan. Scientific novelty: methods of assessment of the effect of managerial decisions and measures of regional level on investment attractiveness of the region are offered, a number of regression models is built allowing to assess the effect of large regional projects on the consumer potential of the region of Russia as exemplified by the Republic of Tatarstan. Practical value: The suggested methods are universal and can be applied when assessing any large regional project in Russia, in any of its subjects

PREREQUISITES OF INSTITUTIONAL ENVIRONMENT DEVELOPMENT OF THE CORPORATE SECTOR IN RUSSIAN ECONOMY

The article reveals and analyzes the prerequisites of institutional environment development of the Russian economy corporate sector. The reasons and prospects of integrative processes in the Russian economy are studied. The specific features of the main forms of strategic partnership and their development in Russia are examined