Index
Exploring the Future of Russia’s Economy and Markets
ISBN: 978-1-78769-398-2, eISBN: 978-1-78769-397-5
Publication date: 6 November 2018
This content is currently only available as a PDF
Citation
(2018), "Index", Sergi, B.S. (Ed.) Exploring the Future of Russia’s Economy and Markets, Emerald Publishing Limited, Leeds, pp. 257-266. https://doi.org/10.1108/978-1-78769-397-520181014
Publisher
:Emerald Publishing Limited
Copyright © 2019 Emerald Publishing Limited
INDEX
AliPay
, 3
Anti-Russia sanctions
negative side of
, 206, 208–209, 212
positive aspects of
, 209–212
A Random Walk Down Wall Street, Malkiel, Burton (1973)
, 7
Arctic zone, oil and gas industry
broadband seismic methods
, 169, 172
CJSC “Belfrakht”
, 169
domestic producers
, 168
economic sanctions
, 167
foreign companies
, 168
foreign contractors
, 172
geophysical services
, 172
hydrocarbons
, 167
international sanctions
, 169
JSC “MAGE”
, 172–173
JSC “PO” Sevmash
, 168
JSC “Zvezdochka”
, 168
localization production
, 168
marine geophysical companies
, 172
Mezhregiontruboprovodstroi
, 169
seismic monitor
, 169
“Sozvezdie”
, 168
ZAO “Belfrakht”
, 169
Arkhangelsk Commercial Sea Port
, 169
Artificial intelligence (AI) investment
, 8
Associated Petroleum Gas
, 176
Augmented Dickey–Fuller (ADF) regression
, 18
Baltic LNG project
, 179
Banking system
economic freedom
, 14
EFW index measures
, 14
financial development. See Financial development
free mobility of resources
, 14
innovations
, 13–14
lenders and borrowers
, 13
literature review
, 14–15
loan and credit
, 4–6
in market economy
, 13
model to identify control variables
, 18–20
restrictive rules and regulations
, 14
socioeconomic factors
, 14
in Soviet Union
, 15
See also Financial technology (FinTech)
Beauty Care plant
, 195
Betterment
, 7
BioMed
, 113
“Bishkeksut”
, 192
Bitcoins
, 3–4
Blockchain technology
, 3
Bobrovsky
, 113
Broadband seismic methods
, 169, 172
“ Cash advances”
, 5
“Cheerful Molochnik”
, 192
Circular economy
applied research methods
accessible technologies
, 131
“Clean country”
, 131
consumed energy
, 133–134
energy capacity
, 133
energy resources
, 131
environment protection
, 132, 133
forests
, 132
influence of investments
, 127, 130
investments
, 134
national program
, 127, 132–133
paired linear regression
, 130
reduction and processing of waste
, 131
water resources
, 131–132
conceptualization and adaptation
, 126–129
economic benefits
corporate and consumer ecological responsibility
, 136
economic growth
, 134, 135
energy intensity reduction
, 135
entrepreneurship
, 136
full-scale implementation
, 135–136
innovative technologies
, 136
mineral extraction
, 135
private investments
, 136–137
process of formation
, 135
humanity and environment
, 125
linear model
, 125
optimization task
, 126
reduction in production
, 126
resources and energy
, 126
CJSC “Belfrakht”
, 169
Clusters and innovational networks
Bobrovsky
, 113
Buryat Republic
, 113
developmental contribution
, 115–116
expenditures for R&D
, 114–115
factor analysis
, 114, 115
foreign corporations activity
, 108, 112
Fotonika
, 111
future growth scenarios
, 116
characteristics
, 117–119
imbalanced and unstable growth
, 119
implementation
, 119–120
implement effectiveness
, 121
paired linear regression
, 119
private investments
, 119
significant changes
, 120
state investment
, 119, 120
structural disproportions
, 120
substantial changes
, 120
Greenstate
, 113
gross added value
, 113–114
labor efficiency
, 111
logical model
, 113–114
regression and correlation analysis
, 108
regression curves
, 108, 113
values of coefficients
, 108
volume of expenditure
, 111
volume of investments
, 116, 117
Commercial banking development. See Banking system
CommonBond
, 5
Counter-sanctions
fines and imprisonment
, 215, 216
food products
, 213
foreign citizenship
, 213
legislation
, 211, 214
pharmaceuticals
, 214–215
punishment
, 215–216
restrictive measures
, 214
statutory regulation
, 213
Credit
, 4–6
Cryptocurrency
, 3–4, 9
Currency risk
, 37
Daimler
, 192
“Digital Economy of the Russian Federation”
, 102
Direct payment system
, 3
Domestic value-added (DVA)
, 222, 224
Economic benefits, of circular economy
corporate and consumer ecological responsibility
, 136
economic growth
, 134, 135
energy intensity reduction
, 135
entrepreneurship
, 136
full-scale implementation
, 135–136
innovative technologies
, 136
mineral extraction
, 135
private investments
, 136–137
process of formation
, 135
Economic Freedom of World (EFW)
, 14
Economic growth
calculations
GDP and per capita GDP growth
, 252–254
investments and accumulated capital
, 249–250
total factor productivity
, 250–251
circular economy
, 134, 135
development
, 244–249
empirical model
data description
, 241–243
define
, 240
estimation
, 244
foreign direct investment
, 241
public institutions
, 240
R&D expenditures
, 240
volume of investments
, 241
financial development and
, 15–16
human capital
, 16–17, 236
methodology
, 16–18
socioeconomic development
, 236–238
strategies
, 236–238
technological progress
, 236
theoretical model
, 238–239
variables
, 17
See also Banking system
Economic sanctions
international community
, 201
legitimacy and legality
, 203
reality
, 202
restrictive measures
, 202
against Russia
, 203–207
uses
, 201
Economic theory
, 16–17
EFW. See Economic Freedom of World (EFW)
Eigenvectors
, 21
Emerging stock markets
, 29
Empirical model
economic growth
data description
, 241–243
define
, 240
estimation
, 244
foreign direct investment
, 241
public institutions
, 240
R&D expenditures
, 240
volume of investments
, 241
stock market
data and methodology
, 35–38
international CAPM
“End-to-end” digital technologies
, 130
Enel
, 190
Eni
, 190
Environmental Performance Index
, 144–146
E. ON
, 190
Equity markets
, 7
Exchange-traded funds (ETFs)
, 7
Federal Reserve Report
, 5
Federal Service for Supervision of Natural Resource Usage
, 131
Federal State Statistics Service
, 127
Financial crisis
, 2, 35, 45
Financial deepening
, 15
Financial development
definition
, 14, 15
demand-pull explanation
, 15
and economic growth
, 15–16
methodology
, 16–18
objective and quantifiable variables
, 15
principal component analysis
, 21, 23
supply-push
, 15
variables
, 17, 20–22
See also Banking system
Financial intermediaries
, 15
Financial technology (FinTech)
credit and loan issuance
, 4–6
development
, 1
financial crisis
, 2
industry
, 2
innovations
, 1, 2
insurance
, 8–9
investment. See Investment
payment
, 3–4
regulatory regime changes
, 1
in Russia
, 9
Fixed income
, 7
Flare gas
, 176
Ford Corporation
, 191
Foreign direct investment (FDI)
, 230, 241
Foreign value-added (FVA)
, 222–224
Forest restoration
, 132
Forestry Code of the Russian Federation
, 132
Fortum
, 190
Fossil fuels
, 176
FVA. See Foreign value-added (FVA)
Game theory approach
, 116
characteristics
, 117–119
imbalanced and unstable growth
, 119
implementation
, 119–120
implement effectiveness
, 121
paired linear regression
, 119
private investments
, 119
significant changes
, 120
state investment
, 119, 120
structural disproportions
, 120
substantial changes
, 120
GARCH
, 38
GEICO
, 8
General Motors Corporation
, 191
“GeoStreamer”
, 172
Global banking system
, 4
Global economic system
, 143
Global Trade Analysis Project (GTAP)
, 222
Global value chains (GVCs)
concept
, 219–220
economic literature
, 220
future trends
, 229–232
gainfully link
, 227–229
input–output approach
, 220–221
international fragmentation
, 219
Russia’s participation measure
DVA
, 224
FVA
, 222–224
participation index
, 224–226
sectoral dimension
, 226–227
statistical approach
, 221–222
unbundling
, 220
Goldman Sachs Group Inc.
, 5
Goodness-of- fit measure R2 over time
, 38, 41
“Green economy”
characteristics of demand
, 145, 146
economic practice
, 143
Environmental Performance Index
, 144–146
foundations and practical experience
, 144
investments
, 147
normative and legal documents
, 144
policy implications and recommendations
, 153–155
“protection of the environment”
, 144
sustainable economic growth
, 144
technological parks
achievement
, 149
category D
, 149
characteristics and practical peculiarities of development
, 147
dynamics of number
, 147, 148
full-scale modernization
, 152–153
function
, 147
industrial companies
, 149
innovational development
, 148
Khanty-Mansi Autonomous Okrug–Yugra
, 152
labor efficiency
, 149–151
participants
, 151–152
priority
, 147
revenues
, 152
sectorial structure
, 147, 148
Sinarsky
, 149
West-Siberian innovational center
, 152
Gross added value (GAV)
, 113–114
GRPCGDP
, 18
GVCs. See Global value chains (GVCs)
Hennes & Mauritz (H&M) company
, 195
Human capital
, 16–17, 236
growth rate
, 244–247
“Individual investment account” (IIA)
, 46
Industry
development
changes and trends
, 76, 78–82
stages
, 76–77, 83–89
strategic objectives
, 98, 102–104
dynamics of industrial production
, 69–71
national economy
, 70
policy
, 89–92
advance development
, 96–98
automotive industry
, 89, 95–96
catching-up development
, 95–96
causes
, 93
“New Wave”
, 98–101
pharmaceutical industry
, 93
possible adverse changes prevention
, 94–95
system-forming companies
, 89
typology
, 93–94
Russian economy
, 72–75
Industry 4.0
aging of leading production funds
, 56, 57
atomic icebreaker
, 60
business activity
, 62
digital economy
, 55
econometric analysis
, 59
external environment
, 63, 64
financial resources
, 63
framework strategy
, 61
indicators
, 55
infrastructural provision
, 62
international cooperation
, 63, 64
Internet of Things
, 51
level of sustainability and industrial and innovational development
, 58
logical analysis
, 56
modern economic systems
, 51
modernization of critical components
, 56
modernization of entrepreneurship
, 62–63
normative and legal documents
, 60–61
regression and correlation analyses
, 59
“road map”
, 60
state regulator
, 62
statistical data
, 56
tax preferences
, 62
theoretical and methodological basis
, 52–53
top-priority products
, 51
volume of high-tech export
, 57–59
Initial coin offering (ICO)
, 47
Initial public offering (IPO)
, 30
Institute of Developing Economies-Japan External Trade Organization (IDE-JETRO)
, 222
Insurance
, 8–9
International CAPM (ICAPM)
, 29
with domestic risks
, 42–45
global risk
, 38–40
without local risks
, 38–42
International Finance Centre (IFC)
, 46
International fragmentation
, 219
See also Global value chains (GVCs)
International sanctions. See Economic sanctions
Internet of Things (IoT)
, 51
aging of leading production funds
, 56, 57
atomic icebreaker
, 60
business activity
, 62
digital economy
, 55
econometric analysis
, 59
external environment
, 63, 64
financial resources
, 63
framework strategy
, 61
indicators
, 55
infrastructural provision
, 62
international cooperation
, 63, 64
level of sustainability and industrial and innovational development
, 58
logical analysis
, 56
modern economic sciences
, 56
modernization of critical components
, 56
modernization of entrepreneurship
, 62–63
normative and legal documents
, 60–61
regression and correlation analyses
, 59
“road map”
, 60
state regulator
, 62
statistical data
, 56
tax preferences
, 62
volume of high-tech export
, 57–59
Investment
artificial intelligence
, 8
circular economy
, 134
economic growth calculations
, 249–250
fixed income and equity markets
, 7
money markets
, 6–7
“warehouse” banks
, 6
zero interest rate policy
, 6
See also Financial technology (FinTech)
“Investment tax rebate”
, 46
IoT. See Internet of Things (IoT)
Ishimbay Specialized Chemical Catalyst Plant LLC
, 175
JSC “Marine Arctic Geological Exploration Expedition” (JSC “MAGE”)
, 172–173
JSC “PO” Sevmash
, 168
JSC “Zvezdochka”
, 168
Kazan
, 131
Khanty-Mansi Autonomous Okrug–Yugra
, 152
Kolion
, 6
Lending Club
, 4–5
Leontief, Wassily
, 221
Liquefied natural gas (LNG)
, 177–180
Loan
, 4–6
“Loan sharks”
, 5
Marstone
, 7
Medical insurance
, 8
Mezhregiontruboprovodstroi (MRTS)
, 169
Microcredit model
, 4
Ministry of Energy and the Ministry of Industry and Trade
, 174
Ministry of Energy of Russia
, 174, 175
Ministry of Finance of Germany
, 4
Ministry of Natural Resources
, 131
Modern Portfolio Theory
, 7
Mondelēz International
, 193
Money market funds
, 6–7
Morgan Stanley Capital International Index (MSCI) for Russia
, 33
“Mosaic” peer-to-peer lending platform
, 5
Moscow Exchange Indices
, 30
Moscow Interbank Currency Exchange (MICEX)
, 30
Moscow Oblast
, 131
MSCI Emerging Markets Index
, 33
MSCI World Index
, 33
The National Technology Initiative (NTI)
, 98, 102
Nestle
, 193
“New Wave” of industry policy
, 98–101
Nooyi, Indra
, 192
Ohlin, Bertil
, 219
Oil
, 37
Oil and gas industry
Arctic zone
broadband seismic methods
, 169, 172
CJSC “Belfrakht”
, 169
domestic producers
, 168
economic sanctions
, 167
foreign companies
, 168
foreign contractors
, 172
geophysical services
, 172
hydrocarbons
, 167
international sanctions
, 169
JSC “MAGE”
, 172–173
JSC “PO” Sevmash
, 168
JSC “Zvezdochka”
, 168
localization production
, 168
marine geophysical companies
, 172
Mezhregiontruboprovodstroi
, 169
seismic monitor
, 169
“Sozvezdie”
, 168
ZAO “Belfrakht”
, 169
crisis of 2014
, 162–163
innovative development
, 176–180
investment contracts
, 175
natural resources development
, 174–176
priority projects
, 174–175
ruble vs. dollar
, 163–167
Oil price
, 29–30, 248–249
“One-on-one” model
, 5
Organic Rankine cycle (ORC) heat recovery systems
, 176–177
Oscar Health
, 8
Payday loans
, 5
Payment
, 3–4
PayPal
, 3
money market fund
, 6
PayTM
, 3
Pechora-LNG project
, 177
Peer-to-peer payment (P2P) payment system
, 4, 9
PepsiCo
, 192
Peterson Institute for International Economics
, 201, 202
PJSC Gazprom Neft
, 176
PJSC “NK” Rosneft
, 176
Polynomial models
, 16
P2P payment system. See Peer-to-peer payment (P2P) payment system
Principal component analysis (PCA)
advantage
, 21
control variables
, 23
financial development variables
, 22
loading factors
, 21
regressing per capita GDP and GDP growth rate
, 23, 24
Proctle & Gamble company
, 195
Property insurance
, 8–9
QPlum
, 8
Raiffeisen Bank
, 190
Renault
, 191
Robo-advisors
, 7, 8
“ROSBANK”
, 190
Royal Dutch Shell
, 190
Russian investors
, 2
Russian Ministry of Finance
, 162
Russian technology firms
, 2
Russian trade system (RTS)
, 30
Saudi Arabia
, 163
Seismic monitor
, 169
Sesame Credit
, 5
Siemens
, 190
Soviet Union, banking system
, 15
“Sozvezdie”
, 168
SsangYong
, 191
Stock market
analysis
, 29
currency risk
, 30
empirical analysis
data and methodology
, 35–38
international CAPM
, 38–45
growth opportunities
, 45–47
critical socioeconomic indicators
, 46
domestic investors
, 46
financial and high-tech sectors
, 46–47
geopolitical risks
, 45
initial coin offering
, 47
local and global risk factors
, 29
oil prices
, 29–30
performance
, 30–35
political crises
, 29
Sustainability
, 107
Sustainable economic growth
, 107
clusters and innovational networks. See Clusters and innovational networks
distribution of GRP per capita
, 108, 111
dynamics of indicators
, 110
game theory approach. See Game theory approach
“green economy”
, 144
GRP per capita of federal districts
, 108, 109
recommendations and policy analysis
, 121–122
System-forming companies
, 94–95
Taxation rules
, 46
Technet
, 60
Technological parks
achievement
, 149
category D
, 149
characteristics and practical peculiarities of development
, 147
dynamics of number
, 147, 148
full-scale modernization
, 152–153
function
, 147
industrial companies
, 149
innovational development
, 148
Khanty-Mansi Autonomous Okrug–Yugra
, 152
labor efficiency
, 149–151
participants
, 151–152
priority
, 147
revenues
, 152
sectorial structure
, 147, 148
Sinarsky
, 149
West-Siberian innovational center
, 152
Tests of stationarity
, 18–19
TFP. See Total factor productivity (TFP)
TGARCH model
, 47
Theory of Games. See Game theory approach
Total factor productivity (TFP)
, 239, 250–251
Toyota
, 191
Trade in value-added (TiVA)
, 225, 231
Traditional payment system
, 3
Transnational corporation (TNCs)
agricultural and food products
, 185
attractiveness
, 184
average number of employees
, 187
Beauty Care plant
, 195
corporate strategies
, 193
Daimler
, 192
domestic demand
, 185
energy sector
, 196–197
financial sector
, 196
foreign corporations
, 189
foreign direct investment
, 184
geopolitical risks
, 196
Hennes & Mauritz (H&M) company
, 195
international business challenge
, 184
investments in capital assets
, 188
KNAUF
, 194
manufacturing industry
, 186, 194–196
Mondelēz International
, 193
multinational companies
, 187
negative sentiment
, 190
Nestle
, 193
nonwestern producers
, 191
pharmaceuticals company
, 189
postcrisis development features
, 183–184
primary industrial clusters
, 194
private generators
, 190–191
Proctle & Gamble company
, 195
Raiffeisen Bank
, 190
“ROSBANK”
, 190
UniCredit bank
, 190
Valio
, 192
volume of investments
, 188
Western car producers
, 191
Western corporations
, 184
“wholesale and retail trade”
, 186
UniCredit bank
, 190
United Nations Security Council Resolution
, 202, 203
US Office of Foreign Assets Control
, 215–216
US Securities Exchange Commission (SEC)
, 47
USSR industry
, 72
Valio
, 192
Vanguard
, 7
Variance inflation factor (VIF)
, 20, 21
Venmo
, 3
Vladivostok-LNG project
, 179
Volgabus
, 60
Wealthfront
, 7
Western car producers
, 191
Western corporations
, 184
West-Siberian innovational center
, 152
“Wholesale and retail trade”
, 186
World Bank
, 239
World economy
, 235
World Input–Output Database (WIOD)
, 222
Yu’E Bao money market fund
, 6–7
Yunus, Muhammad
, 4
Yuri Milner’s DST Global
, 2
ZAO “Belfrakht”
, 169
Zero interest rate policy (ZIRP)
, 6
Zhong An Insurance
, 8–9
- Prelims
- Chapter 1 How Can FinTech Impact Russia’s Development?
- Chapter 2 The Impact of Commercial Banking Development on Russian Economic Growth
- Chapter 3 The Russian Stock Market: Risks and Growth Drivers
- Chapter 4 Will Industry 4.0 and Other Innovations Impact Russia’s Development?
- Chapter 5 Industrial Development, Structural Changes, and Industrial Policy in Russia
- Chapter 6 Clusters and Innovational Networks Toward Sustainable Growth
- Chapter 7 Will the Circular Economy Be the Future of Russia’s Growth Model?
- Chapter 8 Technological Parks, “Green Economy,” and Sustainable Development in Russia
- Chapter 9 Oil and Gas Industry’s Technological and Sustainable Development: Where Does Russia Stand?
- Chapter 10 TNCs in Russia: Challenges and Opportunities
- Chapter 11 The Impact of International Sanctions on Russia’s Sustainable Development
- Chapter 12 Russia in Global Value Chains: Levels of Participation and Distribution of Gains
- Chapter 13 Growth Scenarios for the Russian Economy
- Index