Author page: Alexander Dagaev

“Patent Box” for Innovations

#9. Preserving humanness
“Patent Box” for Innovations

Today the problems of efficient innovation development are in the spotlight of government bodies. Obviously, only in this way it is possible to succeed in improving the national economy competitiveness in the medium and especially in the long term. This understanding was formed as a result of evaluating the existing resource constraints, consequences and prospects of wide spread of information and computer technologies, biotechnology, alternative energy sources, automation of production processes and so on. It has become even more prominent on the background of the global financial crisis, hardly predictable high volatility in commodity markets and environmental problems aggravation caused by the use of technologies hostile to environment.

The Impact of Financial Integration Level on Changing Macroeconomic Indicators in the Crisis Conditions

#10. Russia Concentrates?
The Impact of Financial Integration Level on Changing Macroeconomic Indicators in the Crisis Conditions

The International Monetary Fund statistics for 12 eurozone countries is analyzed in order to assess the degree of changes synchrony under the crisis influence of such macroeconomic indicators as GDP growth, public debt, inflation level, unemployment and the current account operations. To quantify the observed changes, the values of Kendall concordance coefficient are calculated in equal intervals of time before and after the crisis beginning. Comparison with similar indices changes in groups of countries at a lower level of financial integration was accomplished. On the basis of received results the author discusses hypothesis about the origin of evident systemic economic turbulence in the eurozone under the crisis influence, which led to financial integration level decrease.