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.

Successes and Failures of Industrial Policy: Lessons From Transition (Post-Communist) Economies of Europe and Asia

Abstract: Is industrial policy necessary for successful development or the market “knows” better, how to allocate resources? - If industrial policy is needed, how to select industries that need to be supported? - What are the appropriate tools / instruments to support particular industries? Eastern European countries in general did not have any explicit industrial policy, neither via tax concessions and/or subsidies, nor via under/overpricing the exchange rate. Many countries of former Soviet Union carried out large import substitution programs through regulation of domestic fuel and energy prices (directly and via export tax) that subsidized all energy consumers. They also provided subsidies to agricultural enterprises. China and Vietnam (and to some extent Uzbekistan) were carrying out export oriented industrial policy mostly via underpricing the exchange rate. The paper discusses pros and cons, achievements and failures of various models of industrial policy. It is argued that export oriented industrial policy via undervaluation of the exchange rate is the best possible option to promote export oriented catch up development based on export of manufactured goods. It is especially needed for resource rich countries (Azerbaijan, Kazakhstan, Russia, Turkmenistan, Uzbekistan) that are prone to Dutch disease. Assistance to domestic producers via keeping low domestic prices for fuel and energy also helps to stimulate growth, but at a price of very high energy intensity. Industrial policy that is not targeting particular industries (general support for education, research and development and infrastructure) may be reasonable for counties at a higher level of development.

The Memory of the Future: The Second Edition of the Drama of 'the 1998 Crisis'

Abstract: "Hegel once said: history is repeating itself. He forgot to mention – the first time as a tragedy, and the second time – as a farce..." (C. Marx, The Eighteenth Brumaire of Louis Bonaparte).We have forgotten everything and have learned no lessons. The Central Bank is doing this again. We are “stepping on the same rake” a second time. Just like in 1998, we have first pushed the economy into the economic crisis living though a recession, and only after that and under the pressure of the circumstances, are devaluating the ruble tothe extent required for restoration of production growth.

An Investigation of Social-Behavioral Phenomena in the Peer-Review Processes of Scientific Foundations

Abstract: A huge amount of the issues in the realm of scientific endeavor are decided by member of expert communities in various fields. Decisions that sanction the funding of project proposals are based on a voting process. Such decision-making is particularly applied in the evaluation of applications to publicly-funded initiatives, which include the awarding of higher academic degrees and titles, in competitions to fill personnel vacancies, and other similar areas.

The Scientific Pedagogical Cadres of Russia: Quality of Life, Moods, and Expectations.

Abstract: Russian science is in need of serious reforms if it is to provide the research and development needed for economic health. Issues of increasing average age of scientific personnel, poor working conditions, low salaries, and relatively low social prestige need to be addressed.