Ensuring National Economic Security Through Institutional Regulation of the Shadow Economy

Плотников, В. А.; Головко, М.В.; Fedotova, Gilyan V.; Rukinov, Maksim

doi:10.1007/978-3-030-29586-8_40

Cited by 14 publications

(10 citation statements)

References 10 publications

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“…Lastly, it tests whether the joint value of the alphas is zero. The equation for the test statistic is constructed using the intercepts and error terms as outlined in Equation (1). Let α i = (α 1,...,α n ) and let ε i = (ε 1,.... ε n ) be n-vectors, which include the intercept values and error terms from Equation (1).…”

Section: Test Of Model Performancementioning

confidence: 99%

“…The effects of these events were often disastrous and affected the involved markets on economic, political, and sociocultural levels. The occurrence of such crises is a continuous and regular phenomenon on a global scale [1]. A majority of these events affected single countries and their bordering nations only, notably the Russian Financial Crisis from 1998 or the Icelandic Financial Crises between 2008 and 2010.…”

Section: Introductionmentioning

confidence: 99%

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An Analysis and Comparison of Multi-Factor Asset Pricing Model Performance during Pandemic Situations in Developed and Emerging Markets

2022

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This study empirically analyzes and compares return data from developed and emerging market data based on the Fama French five-factor model and compares it to previous results from the Fama French three-factor model by Kostin, Runge and Adams (2021). It researches whether the addition of the profitability and investment pattern factors show superior results in the assessment of emerging markets during the COVID-19 pandemic compared to developed markets. We use panel data covering eight indices of developed and emerging countries as well as a selection of eight companies from these markets, covering a period from 2000 to 2020. Our findings suggest that emerging markets do not generally outperform developed markets. The results underscore the need to reconsider the assumption that adding more factors to regression models automatically yields results that are more reliable. Our study contributes to the extant literature by broadening this research area. It is the first study to compare the performance of the Fama French three-factor model and the Fama French five-factor model in the cost of equity calculation for developed and emerging countries during the COVID-19 pandemic and other crisis events of the past two decades.

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Section: Test Of Model Performancementioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

An Analysis and Comparison of Multi-Factor Asset Pricing Model Performance during Pandemic Situations in Developed and Emerging Markets

2022

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“…Trade intensity is also a well-known determinant for informal activities (Schneider, Buehn & Montenegro, 2010). It is revealed that the bigger is the share of imports, the higher is the possibility for turnover of counterfeit or untaxed products (Plotnikov et al, 2019). The ratio of imports in respect to GDP was employed both as a direct (Kodila-Tedika & Mutascu, 2013) and a proxy (Biswas, Farzanegan & Thum, 2012) indicator for the prevalence of informal economic activities.…”

Section: 2) Hypothesesmentioning

confidence: 99%

Measuring the Immeasurable: The Evolution of the Size of Informal Economy in the Agricultural Sector in the EU-15 Up to 2019

2021

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“…In addition, the implementation of the distribution model may lead to the formation of a black market for food. Overcoming corruption requires additional economic and social costs (Plotnikov et al , 2020).…”

Section: Conceptual Models For Food Securitymentioning

confidence: 99%

National food security under institutional challenges (Russian experience)

Plotnikov

Nikitin²,

Maramygin

et al. 2020

IJSSP

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PurposeThe purpose of this paper is to show how institutional conditions affect food security at the national level.Design/methodology/approachA qualitative research with the usage of the methods of institutional, evolutionary, comparative and retrospective analysis is performed in this paper. During the study, emphasis was placed on the theory of sustainable development, the theory of economic security, the theory of economic systems and the theory of competitive advantages.FindingsFood security policies can be based on the use of the liberal or conservative paradigm. The liberal paradigm focuses on food supply. The conservative paradigm also considers food independence. The growth of global instability has led to increased use of the conservative paradigm. Within the framework of these paradigms, four alternative models of food security have been proposed: “Pure” market, procurement, distribution, directive. For their selection, the matrix method was used. The combination of market and nonmarket management methods in the production and distribution of food is considered. Each of the models is given a meaningful interpretation, and their strengths and weaknesses are identified, the conditions of applicability and efficiency factors are indicated.Originality/valueThe failure of the authorities to provide the population with access to food is largely determined by institutional factors. The system of national institutions sets limits for food security. The main limitations are: technological, land, labor, infrastructure, cluster, ecological. To overcome them, it is recommended to use the tools of innovative, scientific, technological, migration, financial, investment, cluster, sustainable development and other types of state policies. Institutional shocks that lead to crises have a significant impact on food security. The study, using the example of Russia, shows that effective institutional overcoming of them is possible using the conservative paradigm.

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Ensuring National Economic Security Through Institutional Regulation of the Shadow Economy

Cited by 14 publications

References 10 publications

An Analysis and Comparison of Multi-Factor Asset Pricing Model Performance during Pandemic Situations in Developed and Emerging Markets

An Analysis and Comparison of Multi-Factor Asset Pricing Model Performance during Pandemic Situations in Developed and Emerging Markets

Measuring the Immeasurable: The Evolution of the Size of Informal Economy in the Agricultural Sector in the EU-15 Up to 2019

National food security under institutional challenges (Russian experience)

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