Indices of Regional Economic Activity for Russia

Smirnov, Sergey V.

doi:10.2139/ssrn.3015244

Cited by 3 publications

(2 citation statements)

References 3 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…"The turnover of an organization... is the total volume of shipped goods of own production, work performed and services rendered..." [36]. Turnover dynamics characterizes business activity [37,38], or economic activity of the SME sector in the same way as GRP reflects the economic development of the region [35].…”

Section: Structural and Dynamic Analysis Of Economic Development Imentioning

confidence: 99%

Increasing business activity of Russian SMEs: problems and solutions illustrated with the example of Volgograd region

Bogachkova¹,

Usachyova²,

Usachyov³

2019

Proceedings of the Volgograd State University International Scientific Conference "Competitive, Sustainable and Safe Developmen

View full text Add to dashboard Cite

Small and medium-sized businesses (SME) are among the drivers of territories' economic development. In modern Russia, it has not yet been possible to ensure the sustainable development of this economical sector. The increase in SME activity in Russia is an actual scientific and practical problem, especially for the Volgograd region, the development of which has signs of depression. The purpose of this work is to identify promising areas for improving the SME regulation to ensure the increase of its activity in the Russian Federation on the example of the Volgograd region. To achieve the goal, the following tasks were solved: the current state of SME and its regulation policy were characterized; the problems hindering the SME development were analyzed; the structural and dynamic analysis of Volgograd region economic development indicators and regional SME activity was performed; the main directions of SME regulation improvement in the Russian Federation and in the Volgograd region were determined. The following general scientific methods are used: generalization and abstraction, statistical and comparative analysis, graphic modeling, tabular visualization of the results. The source of statistical data was the Federal Body of State Statistics of the Russian Federation -Rosstat. As a result of the statistical analysis it was found that the SME sector in the economy of the Volgograd region (in general) and in the agricultural sector (in particular) from 2014 to 2017 was developing successfully. However, in other sectors, including the priority manufacturing sector, its business activity increasing is problematic. The acceleration of SME development in all economic sectors of the Russian Federation and the Volgograd region will be facilitated by: harmonization of SME regulation with cluster construction and other areas of economic policy; creation of a unified integrated system of accounting for indicators of SME sector development; modernization of the tax system; development of rural cooperation; creation of a single integrated digital platform to support entrepreneurs, as well as to monitor and regulate the SME development.

show abstract

Section: Structural and Dynamic Analysis Of Economic Development Imentioning

confidence: 99%

Increasing business activity of Russian SMEs: problems and solutions illustrated with the example of Volgograd region

Bogachkova¹,

Usachyova²,

Usachyov³

2019

Proceedings of the Volgograd State University International Scientific Conference "Competitive, Sustainable and Safe Developmen

View full text Add to dashboard Cite

show abstract

“…Applied aspects of measuring economic expectations and economic activity in globalizing environment are presented in studies of L. Kilian [6], O. Claveria, E. Monte and S. Torra [7], S.V. Smirnov and N.V. Kondrashov [8]. The dependence of economic activity on the uncertainty of fiscal and economic policy of the state is determined by J. Fernández-Villaverde, P. Guerrón-Quintana, K. Kuester and J. Rubio-Ramírez [9], W. Kim [10] and P. Sorić and I. Lolić [11].…”

Section: Literature Reviewmentioning

confidence: 99%

Economic activity of enterprises: methodical aspects of assessment

et al. 2019

View full text Add to dashboard Cite

Sustainable development of entrepreneurial structures requires the reformation of existing tools and the search for new effective tools of their economic activity managing. The aim is substantiation of the methodological provisions for assessing the economic activity of enterprises and developing applied recommendations for its improvement. The methodology of the enterprises’ economic activity analysis is developed and the priority vectors of its intensification are identified in the research paper. The results of the research paper show that the determinant of national competitiveness and sustainable development is business decisions and technologies which determine the quantitative and qualitative renewal of individual enterprises potential and the combination of their business strategies with global development priorities. The proposed methodology of enterprises’ economic activity assessment and applied recommendations for its strengthening are scientific basis for the development and implementation of schemes for rapid economic growth.

show abstract

Predicting Turning Points of the Russian Economic Cycle Using Composite Leading Indicators

Smirnov

2020

Vopr. stat.

View full text Add to dashboard Cite

The article provides a brief overview of the background of constructing composite leading indicators (CLI) for Russia; the paper defines key indicators which currently are calculated and published monthly; they can be put in practice to monitor the Russian economy. The underlying methodological approaches are analyzed, along with their advantages and disadvantages. The importance of accounting for a factor of regular or irregular updates and revisions of methods for calculating the CLI is emphasized. Due to them not only the current but also the “historical” dynamics of the indices occasionally change. The paper compares various CLI components and reveals both similarities and differences in the notion of the cyclical dynamics of individual components, reaching the point that the same indicators depending on the methodology are considered as leading, or as lagging. A set of “core” indicators included in the calculation of almost all Russian CLIs is determined; the author also noted those indicators that are widely used in other countries but not yet in Russia, for various reasons.Special attention is paid to the problems of dating economic cycle turning points, in particular, those arising from different notions of the very concept of the economic cycle. Dating using formal statistical methods, ﬁrstly, is mostly determined by purely technical (and not substantive) nuances, and secondly, it often changes retroactively when revising historical time series. Analysis of global experience indicates that the way out of this impasse can be the detecting of cyclical turning points based on the decisions of the special expert council, whose sole tasks include dating cyclical peaks and troughs. The article describes methodological approaches that the Economic Cycle Dating Committee (Russian Dating Committee, RDC) under the Association of Russian Economic Think Tanks (ARETT), is supposed to follow.The ﬁnal part of the article analyzes the ability of various Russian CLIs to timely warn when a new phase of the economic cycle is approaching, especially the impending recession. It is shown that expert opinions on the future dynamics of the Russian economy, contained in monthly press releases, are often more accurate than the conclusions that can be obtained based on the CLI trajectory using purely formal decision rules. On this basis, it is concluded that the existing Russian CLIs can be improved; this calls for clariﬁcation and ﬁnally ﬁxing the dating of cyclical turning points (peaks and troughs), as well as for conducting additional research to identify various economic and ﬁnancial indicators as the leading, synchronous or lagging indicators of the Russian economic cycle.

show abstract

Indices of Regional Economic Activity for Russia

Cited by 3 publications

References 3 publications

Increasing business activity of Russian SMEs: problems and solutions illustrated with the example of Volgograd region

Increasing business activity of Russian SMEs: problems and solutions illustrated with the example of Volgograd region

Economic activity of enterprises: methodical aspects of assessment

Predicting Turning Points of the Russian Economic Cycle Using Composite Leading Indicators

Contact Info

Product

Resources

About