Central Economics and Mathematics Institute

About: Central Economics and Mathematics Institute is a facility organization based out in Moscow, Russia. It is known for research contribution in the topics: Population & Foreign-exchange reserves. The organization has 297 authors who have published 580 publications receiving 6449 citations. The organization is also known as: Federal State Institution of Science Central Economics and Mathematics Institute of the Russian Academy of Sciences.

Telecommunication ecosystems: Special features of management and interaction

Abstract: The article explores the current situation in the telecommunications industry. The current analysis is based on the dual nature of the telecom operator, which can be regarded as an independent ecosystem company and as an infrastructure basis for implementing the model by companies engaged in other areas of the economy. Diversification of services leads to the formation of ecosystems of hightech companies. The methodological framework of the study includes theoretical principles of the ecosystem approach and the theory of management of complex systems. The research methods are deduction, comparison and classification. In the course of the analysis of the telecommunications market, we find that an ecosystem is a complex socio-economic whole consisting of sets of harmoniously functioning blocks. Each ecosystem forms its own industry distinguished from every other. The ecosystem emerges on the basis of the technological platform created by the company. The ecosystem is not built around the company as a legal entity, but precisely around its brand. In order to win the telecom operator’s communication channels, ecosystems interact and unify through partnership or parasitic integration. These integration processes may indirectly indicate that a non-telecommunication company applies the ecosystem concept. The interpenetration of two or more ecosystems can lead to their merger in the future. These particularities show that it is impossible to categorize ecosystem as an unambiguously micro- or mesoeconomic component. Ecosystem management should be based not on the traditional principles of company management, but on a combination of management projects, which are unique, rather than routine, solutions in the form of regulation and assistance in attaining the set goals. The obtained results are of theoretical importance for performing further studies on ecosystem formations in today’s economy. In practical terms, the research results can be useful for the management of companies belonging to various ecosystems to justify the formats of effective business models and development strategies

What is Slowing Growth in China

Abstract: A small part of the slowdown of growth in China in the recent decade may be due to the decline in population growth. The major factor contributing to China’s growth slowdown has been the reversal of earlier policies resulting in foreign exchange reserve accumulation. The resulting pressure for the currency to appreciate undermined the international competitiveness of Chinese exports. This has led to the decline in China’s export/GDP and investment/GDP ratios besides reorienting growth towards domestic consumption, thus also reducing household savings.

Contractual Savings for Housing: A Mortgage Institution for Russia

Abstract: The paper argues that introduction of сontractual savings for housing (CSH) - bausparkassen and building and loan cooperatives - is an essential institutional stage in the process of mass mortgage market formation. An attempt to skip over it is a costly mistake and almost doomed to failure. Given an active government support CSH become a primary school of saving and loan behavior for millions and an effective tool for selection and education of steady borrowers for the banking system. In a short period of time they allow to increase substantially aggregate savings. CSH facilitate people's access to credit market and its further institutional evolution. To prove these conclusions the authors investigate specific features of housing markets, the role of CSH in development of housing finances in advanced economies, analyze recent experience of East European countries and numerous attempts to create the mortgage market in Russia in 1992-2003.

Puzzles of public opinion: Why Soviet population supports the transition to capitalism since the 1980S

Abstract: Why even after the dramatic increase in inequality in the 1990s and after the emergence and enrichment of “oligarchs”, the alternative (leftist, social democratic) economic policies that could have improved material and social wellbeing of the majority of the population is not supported by this majority? It is argued that in immature democracies (without efficient restrictions for the participation of private capital in politics) mass media and electoral campaigns are controlled by the rich, so there is vicious circle: market reforms and private property create the class of the wealthy “oligarchs” that are not only interested in these reforms, but also have power to maintain their political and economic might through mass media and democratic elections. The return of public opinion to the “norm” so that it reflects interests of the majority is possible only if mass media and political process are separated from private capital and private financing.

Benefits of entry control: the Russian case

Abstract: This article compares an original theory of gatekeeping and public choice theory, confronting them with data from an emerging market, Russia. It argues that the former theory produces riskier predictions than the latter one. The Popperian criteria for falsification of a theory suggest that the riskier the predictions the theory produces, the more confidence we have in the outcomes of its falsification. Theory of public choice predicts that either the government wins and business loses (the tollbooth hypothesis) or business wins and the government loses (regulatory capture theory). The theory of gatekeeping predicts that both the government and business win. Furthermore, the third agent's (the population's) pecuniary interests are also supposedly associated with the interests of the first two agents. A series of econometric tests using sub-national data from Russia show that the gatekeeper's interests are indeed positively associated with the interests of the businesses that manage to get admitted to the f...