METHODOLOGY OF INVESTMENT CYCLE ANALYSIS IN THE REGIONAL ECONOMY: TERRITORIAL AND INDUSTRIAL ASPECTS

Oksana BUTORINA

Associate Professor, Perm National Research Polytechnic University, Russia

sci.publ@gmail.com

Matvey OBORIN

Associate Professor, Perm Branch of Plekhanov Russian University of Economics, Perm State National Research University, Perm State Agro-Technological University named after Academician D.N. Pryanishnikov, Russia

Galina KUTERGINA

Associate Professor, Perm State National Research University, Perm, Russia

Mariya OSIPOVA

Assistant, Perm National Research Polytechnic University, Russia

Abstract

The paper gives a brief description of the recurrent approach to the study of modern macroeconomic processes. It defines the role of investment processes in the modern macroeconomic cycle. The authors’ interpretation of the investment cycle as a structural component of progressive macroeconomic development is characterized by repeatability in time (periodicity); sequential change of stages; the presence of recurrent dependencies, determination character (determines the current basic trends). The justification of the investment cycle features on the basis of the recurrent approach made it possible to determine the features of the statistical analysis of the current investment cycle within the framework of the modern macrocycle. Such an analysis is a multi-level and multi-spectral study of the dynamics of investment activity indicators in the regional economy. It is based on a process approach that involves the systematization of relevant indicators and their phase-by-phase characteristics, including the territorial aspect of the study, which allows to identify general and particular dependencies within investment processes in each group of regions and/or in a specific region, as well as the sectoral aspect of the study, aimed at assessing the quality and efficiency of investment in the economy of the region on the basis of comparison of dynamics of real investment in foreign trade. A variety of different approaches and aspects of statistical analysis can contribute to a comprehensive study of the features of the current investment cycle.

Keywords: Macroeconomic cycle, recurrent approach, investment cycle, process approach

JEL classification: D51
read more

METHODOLOGICAL AND PRACTICAL ASPECTS OF HUMAN POTENTIAL MANAGEMENT IN THE REGION

Marina Gennadyevna FEDOTOVA

Associate Professor, Plekhanov Russian University of Economics

mgfedotova@yandex.ru

Anastasia Viktоrovna  ZHIGLYAEVA

4th – year student, Plekhanov Russian University of Economics

anastasia.zhiglyaeva@gmail.com

Elena Valentinovna STOLYAROVA

Associate Professor, Plekhanov Russian University of Economics

mgfedotova@yandex.ru

Abstract

Human potential is the main factor, a key aspect of the socio-economic development of the region. The article presents a systematic approach to the management of the human potential of the region, which is distinguished by its novelty and based on modern methods of system analysis, management and regional economy. In the course of the study, a model for managing the human potential of the region is formed, based on a system with a closed loop, consisting of a number of simpler functional subsystems. The structure and the mechanism for managing the human potential of the region based on the proposed conceptual model are substantiated.  The scientifically grounded proposals and recommendations on the formation, use of the system at the regional level are presented. A system of indicators for the integrated assessment of the human potential of the region has been developed in linking them to strategic development guidelines.  In total, eight fundamental quantitative indicators have been identified. Based on these indicators, the integral indicator (the level of the human potential of the region) is calculated. Using the formed system of indicators makes it possible to assess the magnitude of human potential, the effectiveness of the proposed management model.  In addition, it is planned to monitor the dynamics of indicators, conduct interregional comparisons. Approbation of methodological tools was carried out on the example of Oryol region, Russia (2010-2015).  Priority directions of development of human potential in Oryol region are determined and some recommendations for their implementation are given.

Keywords: human potential, structural components, Oryol region, priority directions

JEL classification:
read more

FIRMS’ ENIRONMENTAL PERFORMANCE AND REGIONAL RESIDENTS

Kenichi SHIMAMOTO

Associate Professor, Konan University, Japan

kenichi@center.konan-u.ac.jp

Abstract

As the scale of economic activities continue to grow, the burden on the environment for the surrounding region increases, so it has become necessary for firms and the regional community to have bilateral negotiations taking economic activities and environmental issues into consideration in order to find an efficient solution. This paper attempts to use the Nash bargaining solution concept between firms and the surrounding residents to analyse the optimal solution when considering the firms’ economic activity and environmental performance. It includes a model to analyse the impact that a firm’s environmental performance has on improving its economic performance. It also takes into consideration the effects that an improved environmental performance will have on the regional residents, through reduced pollution, employment opportunities and tax revenue. The results for both cases, when environmental regulations are absent and when they are enforced, find that the party that receives the greater benefit will transfer income to the other party which supports the benefits principle. Thus, in order to examine the mechanism of income transfer between firms and the regional residents, it will be important to comprehensively consider the affect that firms’ environmental performance have on their economic performance, the environmental cost for firms to improve their environmental performance and the benefits to regional residents from environmental regulations.

Keywords: Environmental performance, Economic performance, Bargaining game, Income transfer

JEL classification: M2, Q5, R1
read more