jrge

Journal of Reviews on Global Economics

The Estimation of Losses of the Russian Economy from Population Migration to Developed Countries in 2000–2017 Pages 442-449

 

Vladimir V. Maslennikov, Aleksandr S. Linnikov and Oleg V. Maslennikov

DOI: https://doi.org/10.6000/1929-7092.2018.07.38

Published: 12 November 2018  


Abstract: The problem of emigration of Russian citizens to other countries remained quite acute during 2000-2017. This poses a threat to national security, as there are many economically active young people with a high level of education among the emigrants. Therefore, it is required a comprehensive study of these processes and the creation of conditions for the preservation of human capital in Russia. The authors developed a methodology for assessing the losses of the Russian economy in value terms as a result of emigration of citizens abroad. It is based on the determination of the “cost” of human life and the individualization of this indicator in accordance with the level of economic development of the host country and with the subjective factors of the emigrant, as well as in specifying the number of citizens who left the Russian Federation in accordance with the official data of foreign migration services. As a result of the calculations, it was determined that the losses of the Russian economy from this phenomenon for the period 2000-2017 amounted to more than 545.85 billion USD. Such a situation is unacceptable in the conditions of the country’s unfolding competition with other states for the positions of leaders in the new industrial revolution. It is necessary to carry out systematic work to reduce the scale of outgoing flows of international labour migration from Russia.

Keywords: Migration, human capital, international labour movement, brain drain, migration policy.

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Journal of Reviews on Global Economics

Kinematical Model of Currency Dynamics Pages 450-452

 

Boris Boyarshinov and Nina Yuzhakova

DOI: https://doi.org/10.6000/1929-7092.2018.07.39

Published: 12 November 2018  


Abstract: The work is devoted to the actual topic of forecasting of sharp changes in exchange rates. The paper uses the analytical approximation of data on the dynamics of the USD and EUR currency pair, based on the physical model. The paper shows signs of an approaching sharp change in the exchange rate of a currency pair.

Keywords: Currency market, euro-dollar currency pair, physical analogies.

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Journal of Reviews on Global Economics

Inflation and Consumer Basket Pages 453-456

 

Vladimir A. Popov

DOI: https://doi.org/10.6000/1929-7092.2018.07.40

Published: 12 November 2018  


Abstract: Formation of consumer basket is investigated by means of probability theory. Inflation on the consumer market can be managed by reducing its rate and lowering inflation-related risks. The approach is based on the treating the inflation risks of particular ingredients of the consumer goods basket as component of the whole complex rather than separate units. The proposed management strategy is focused on the degree of correlation between the rates of price increase of the items in the basket. Portfolio theories of Markowitz and Tobin are used.

Keywords: Consumer market, inflation risk, correlation of price increase, expectation, covariance matrix.

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Journal of Reviews on Global Economics

Functional Improvement of Non-State Pension Funds as Mechanism of Investment in Russian Economy Pages 457-463

 

Irina A. Guseva, Elena I. Kulikova, Nikolay M. Rebelsky and Lidia S. Arkhipova

DOI: https://doi.org/10.6000/1929-7092.2018.07.41

Published: 12 November 2018  


Abstract: The article is dedicated to the search of investments in the domestic financial market that is a relevant problem for the Russian economy. The authors believe that pension funds attracted by non-state pension institutions are an essential resource for the Russian economy; practices of foreign pension institutions need to be examined and implemented to tap this resource more efficiently.

The proposed measures specified in the article following the study of foreign pension funds’ functioning include: changes in the criteria for balancing portfolios of Russian pension funds’ securities; development of new instruments for pension funds’ investment; enhancing activities of non-state pension funds’ shares market; activation of pension funds' investments in shares of innovative enterprises, etc. Practical proposals on the improvement of Russian non-state pension funds’ activities have been made.

Keywords: Pension system, pension reserves, pension savings, portfolio strategy, portfolio structure, pension products.

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