DOI: 10.33917/es-8.166.2019.16-23

At the present moment Russia faces the problem of increasing the economic growth rates to the average world rates. As the country economy was in crisis and post-crises conditions for several years, so the effective measures should be taken in all economic fields. Here, the question of investment activity comes to the fore. In spite of the fastening in economic growth as of 2018 according to the official data, investments in Russia in conditions of a high external and internal uncertainty have not yet recovered to pre-crisis level. The article raises the issue about necessity of creation a conductive investment environment, special measures and programmes orientated on the local and foreign investors which can help to increase the investments volume and quality and to promote Russia’s economic growth

DOI: 10.33917/es-8.166.2019.24-29

The Russian economy needs in adequate financial policy in the environment when other countries use actively financial stimulation measures, among which are protectionist measures, aimed at the growth of activity and defend of national economy. Contemporary financial protectionist measures often are not subject of international conventions that increase international trade and capital flow transparency. Countries use non-market mechanisms to support their national business in the competitive environment. Such mechanisms entail risks and opportunities for countries, as well as for business (large business in the first place). It’s necessary for Russian regulators to consider thoroughly approaches of other countries and broaden instruments they use

DOI: 10.33917/es-8.166.2019.30-37

The article dwells on the current trends in regulating activities of the audit market entities, resulting from peculiarities of the current stage in development of the audit services market in Russia. The subjects of audit activity are auditors and audit organizations, in particular, companies providing audit services to socially significant economic entities: credit and insurance organizations, non-state pension funds, state-owned companies, state-owned corporations, organizations with a state ownership share of over 25%, as well as companies disclosing their consolidated financial statements. Among the main dysfunctions of the audit services market, that influence the regulation of audit entities, the author underlines less attractiveness of the audit profession for young professionals, an annual decrease in the number of auditors and audit organizations, uneven distribution of the number of clients and revenues in the audit market and prices dumping for audit services. Based on the analysis results, the author suggests ways for improving the audit regulation in Russia, paying special attention to the need for greater interaction of audit regulatory entities — the state and self-regulatory organizations of auditors

DOI: 10.33917/es-8.166.2019.38-43

Changing of a conjuncture index of “Economic strategy” (CIES) for the first nine months of 2019 is considered. The contribution of indicators of supply and demand in CIES is estimated. The results of the analysis and forecasting of the dynamics of macroeconomic indicators are presented

DOI: 10.33917/es-6.164.2019.90-95

Changing of a conjuncture index of “Economic strategy” (CIES) for the first half of 2019 is considered. The contribution of indicators of supply and demand in CIES is estimated. The analysis of industrial production is carried out

DOI: 10.33917/es-6.164.2019.78-89

The purpose of the study is to assess the dynamics of the manufacturing industries in Russia. According to the “structural formula”, the contribution of innovations in various types of activities to the overall dynamics of innovations in manufacturing industries is assessed, which makes it possible to identify the dominant innovations in economic sectors. This approach is useful in order to differentiate the methods of industrial (sectoral) policy, including national projects as an institutional tool for managing the development of the Russian economy, since it identifies those areas that require special incentives for the innovation process. The structure of innovation is heterogeneous, the contribution by different types of activity varies significantly, which indicates the instability of the process of innovative development. Two strategies are considered for the functioning of processing industries: the export of machinery and the substitution of machinery imports. It is shown that these strategies can not be reduced to one another, except for special cases and suggest different possibilities. The parameter of structural independence for the Russian engineering industry has steadily decreased and its dynamics has been stabilized at low values, as shown by the method of phase portraits of the change in this indicator. This suggests that the domestic economy and engineering remain highly dependent on imports of machinery, equipment and technology, and leads to the conclusion that the import substitution policy is not, firstly, sufficient, and secondly, structural internal changes are required in the economy, so that import substitution and the development of export manufacturing industries give a positive systemic result. On the basis of quantitative assessments, a fundamental conclusion was obtained that the import substitution policy itself will certainly not have a high performance (locally limited effect), which it could potentially have when the internal flow of resources changes towards the processing sectors

DOI: 10.33917/es-6.164.2019.68-77

The example of the food sector shows that concentration trends in Russian business have led to its stratification into three levels with different institutional conditions and the dominance of the upper levels (alpha business) over the lower one (beta and gamma business). The features of the Russian alpha business against the background of a similar world hierarchy, the logic of its transformation and interaction with the government are analyzed. The requirements for the country development strategy based on the functional balance of the different levels of business are determined

DOI: 10.33917/es-5.163.2019.108-113

Corporate transparency research is being conducted by the Russian Regional Integrated Reporting Network (RRS) since 2013 and is a public initiative of the professional community. The research objectives include: forming an idea of the state and dynamics of corporate transparency of the largest Russian companies, identifying best practices of corporate transparency, such as disclosing information through public reporting mechanisms, compiling a rating and sub-ratings of corporate transparency. More detailed information on the methodology is presented in the Regulation on the study “Corporate transparency of the largest Russian companies” [1].

DOI: 10.33917/es-5.163.2019.100-107

Significant volumes of the gold and foreign exchange reserves determines the high importance of taking well-based decisions in the process of managing reserves. While maintaining the overall set-up for implementing conservative strategy of reserves management, investing part of the funds in more risky financial instruments may increase profitability without risking macroeconomic stability and loss of reserves

DOI: 10.33917/es-5.163.2019.90-99

Innovative development is a strategy for creating a new technological and social structure. The implementation of this agenda requires the solution of a complex of problems created by the phenomenon of innovation. The article identifies seven problem areas that impede the formation of a sustainable innovation system in modern Russia. The problem of definitions is associated with a lack of understanding of the deep essence of the innovation culture, which gives rise to a superficial understanding of innovation only as a commercialized innovation, and not as a way of life. The problem of operationalization and evaluation of innovations is associated with the dominance of technocratic and statistical approaches, which leads to linear conclusions and forms a biased picture of the development potential of Russia. The problem of spontaneity of innovation and the focus solely on the investment aspects of innovation policy can turn into significant financial losses and a decrease in the creative potential of people involved in certain branches of science and economics. The problem of the subject forms the wrong idea of innovation as an exclusive product of individual creativity, while they are the result of complex social interaction. The problem of the institutional environment is associated not so much with incubators, venture funds, technology parks and research laboratories, as with the indispensable role of the school and basic science. Last but not least, are the problems of the socio-cultural environment of innovations and their unpredictable consequences. The efficiency and sustainability of the innovation system is directly dependent on the prevailing attitude in society towards unsuccessful attempts to introduce innovations. Negative perception can generate apathy towards innovation at best, and aggression at worst. A calm assessment of failures can be the key to success. The solution of the identified problems – the constraining factors of innovation – is possible with the unidirectional energy of political, economic and research subjects