Content №1 от 2009
Mergers and acquisitions: assessing economic efficiency
The paper considers the methodical approaches to the assessment of how efficient the transactions of merger and acquisition are in the commercial and social aspects and what such transactions mean to national and regional economies. Applying the model offered by R. Merton for the optional assessment of value equity, the author presents a comparative analysis of the horizontal and conglomerate mergers, and analyses the conflicts of interests between companies’ managers, owners and creditors. From the point of view of national and regional efficiency, the paper researches how to find a balance between operating synergy and the higher power of such consolidated company in the market. The latter contributes to the higher prices and a lower consumer surplus. The paper also describes the factors defining benefits from and costs of the transactions of merger and acquisition for the national economy and different regions.
Factors of reproductive activity of population: analysis of regional differentiation
The paper rationalizes the idea that the policies to stimulate birth rate should be regionally differentiated. The factors of reproductive activity of population are shown. The paper classifies the regions by the levels and factors of reproductive activity. It is shown that the level of reproductive activity is motivated by the indicators of socio-economic stability achieved by the country, a region and a family and the indicators of personal living conditions as well as a fact of whether these indicators are balanced.
Cooperation between frontier regions of Russia and Mongolia
The paper shows the present situation and prospects for cooperation between the frontier Russia’s regions and Mongolia. It is also given such analysis of the retrospective data concerning Buryatia Republic and the basic prospective ways for the cooperation in the context of international competition on Mongolia markets.
Siberian economy structure as mirrored by tax statistics
The paper analyses the dynamics and sectoral structure of tax payments going from the Siberian Federal District. It was shown that the tax payments, made by the industries of the District, play a role of a locomotive in a tax sphere, and the regions of the District show the higher rates than Russian average ones. The paper also researches the reasons why the tax payments going from such sectors as transport, communication and trade relatively drop.
Promissory investments for better knowledge economy
The paper analyses the methodological issues of assessing the proportion of different investments which may positively influence on shaping the knowledge economy and technological sophistication, and shows the national and regional trends in shaping factors of such investments especially those going to labour resources training. The author validates the necessity to modernize the investment structure mostly through the higher share of the investments made for the technological innovations providing better competitiveness.
Conceptual models for strategic forecasting and indicative planning of the regional development
The paper presents the methodological bases, techniques and tools applied to develop and assess the efficiency of strategies or indicative plans for Russian regions. The notion “a concept-model” includes the theoretical concepts and methodical approaches to the process of forecasting which are presented in the form of the techniques and tools for obtaining projecting estimates. Some results are shown here such as those concerning the strategic development for Siberia, the Novosibirsk Oblast and Novosibirsk Megapolis.
Population of the third age: present socio-economic situation (a case-study for Novosibirsk)
The paper presents a sociological study of how elderly people, living in two large industrial districts of Novosibirsk, have adapted to the social changes happened at the macro- and micro levels; and to what degree their life views correspond to the existed social standards. The authors describe this socio-economic group - the population of the third age - and show its heterogeneity.
Oil-and-gas transportation systems in Russia: potential for its development
The paper researches what role the regions with hydro carbonic resources could play for Russian economy under the condition of the financial and economic crisis. The authors analyze the existed and prospected directions of the oil and gas transportation within the country and for export, and conclude that the choosing of strategy for the new export pipeline routs should be done from the position of how to lower the transportation costs for Russian companies and allowing for policies of transit states.
Energy sector growth
The paper researches the issues of how holistic, balanced and coordinated the development of enterprises and the implementation of large investments projects in energy industry, which define the future economies of the units of the Russian Federation, is.
Climate changes in the North of Russia: risks and threats
The global climate change is topical for Russia since a significant part of its territory is located in the North – in the permafrost zone affected by the climate change especially strong. The global warming gives a rise to new risks for Northern territories and requires an appropriate state’s policy. The paper analyzes the risk and threats for the population and economy, and presents the measures how to ensure the safety for the life and economic activity in the North.
Socio-economic development in municipal units: issues of governance
Applying a reproduction approach, the paper researches the methodological issues of municipal administration; the issues concerning the improvement of the management mechanism for the socio-economic development in municipal units; the distribution of powers between regional and municipal governments; and how municipal authorities and businesses may cooperate.
Assessing the ratings of consumer’s cooperation institutions
The paper analyses the strong and weak aspects of the methods applied to the ratings assessment, and puts forward the idea of applying an adapted technique of how to evaluate the potential of multidimensional objects to consumers’ cooperation organizations as they are of this type. The technique based on such mathematical apparatus allows obtaining the independent estimates of how effectively an entity operates.
Private-public partnership in agriculture: the regional pilot project
The paper analyses the financial, economic and legal approaches to the pilot project on better crediting the owners of private farms in the regions of the Siberian Federal District and it presents the output obtained by the implementation of the project. The paper describes the lending algorithms and mechanisms where crediting is partially realized by local authorities and enterprises, and the mechanisms of public insurance for the commercial lending institutions engaged in financing the pilot project.
Fiscal federalism in Germany: topical trends of how it develops
The paper shows how the executive federalism in Germany has transformed into the federalism of division of powers between the federal center and land governments in the result of the reform of intergovernmental fiscal relations. The paper presents a comparative analysis of the mechanisms provided financial equalization of lands and municipalities and existed in the pre- and after-reform periods. The paper shows the reasons of the German public and lands’ debts. The authors conclude that the reform of intergovernmental fiscal relations may further go in the way of strengthening positions of the federal center in all spheres.
Risks and capital costs: how JEREMIE fund initiative helps to create SME capital
The paper analyses how the JEREMIE fund initiative is profitable and enhances the functioning of micro and small enterprises engaged in JEREMIE fund. Particularly profitable are aspects connected with providing these enterprises with equity capital (i.e. Business Angels, Venture Capital) as well as with the theoretical possibilities connected with reducing the financial risk by over regional institution guarantees.
