The Public-Private Partnership Market as a Factor of Economic Growth in the Regions

DOI: https://doi.org/10.33917/es-5.185.2022.12-21

The purpose of this article is to assess the regions of the Russian Federation by the level of PPP development from the perspective

of their infrastructural and socio-economic development and the impact of PPP on accelerating their economic growth. To do this, the following tasks are being implemented: assessment of the general characteristics of the PPP market for the period 2006–2021, in particular, public and private contributions to PPP projects, distribution of investments in the areas under consideration; analysis of accumulated investments in the PPP market for the period 2006–2021, assessment of their impact on investment attractiveness and economic growth of regions based on the distribution by federal districts and regions of the Russian Federation; analysis of the market of large PPP projects for the period 2006–2021 from the position of influence on the strategic development of regions, its distribution by federal districts and regions of the Russian Federation; based on the results of the study, determining the top 10 most developed regions for the use of PPP mechanisms.

The methodology of the study is an analysis of the distribution of the classical PPP market by regions and districts based on the

construction of tables and diagrams. To characterize the overall economic and infrastructural development of the regions, PPP

projects in the housing, social, transport and IT spheres were considered.

The results of the study are that the assessment of the level of economic and infrastructural development of the regions is given; the strategic importance of PPP projects for the regions (especially large ones) is substantiated; it is determined that the successful implementation of PPP projects is a factor in the economic growth of the regions. Based on the analysis, the 10 most developed regions are identified from the point of view of the use of PPP mechanisms. The perspective of the study is to use its results to expand the PPP market, in particular, in territories in need of economic development. At the same time, in order to expand the territorial coverage of the PPP market, it is necessary to create conditions for the implementation of such projects in order to ensure the economic growth of the regions.

References:

 

1. Chumakov I.I. Gosudarstvenno-chastnoe partnerstvo kak osnovnaya forma partnerstva gosudarstva i biznesa [Public-private Partnership as the Main Form of Partnership Between the State and the Business]. Aktual’nye problemy i perspektivy razvitiya ekonomiki: rossiiskii i zarubezhnyi opyt, 2017, no 11, 29–32.

2. Sukharev O.S. Instituty regional’nogo razvitiya: kontseptual’no-prakticheskii analiz organizatsionnykh izmenenii [Regional Development Institutions: Conceptual and Practical Analysis of Organizational Changes]. Ekonomicheskii analiz: teoriya i praktika, 2012, no 4 (259), pp. 2–12.

3. Sukharev O.S., Voronchikhina E.N. Tipy tekhnologicheskogo razvitiya regionov: struktura tekhnologii i investitsii [Types of Regions’ Technological Development: Structure of Technologies and Investments]. Investitsii v Rossii, 2019, no 7, pp. 24–36.

Foreign Direct Investment and Industrial Policy (Based on Examples of Certain Countries)

DOI: https://doi.org/10.33917/es-5.185.2022.6-11

The goal of the study is an attempt to rethink the role of Foreign Direct Investment, Industrial Policy and others phenomenon.

The author propose a new analysis of them in today’s conditions and circumstances. This article uses statistics published by OECD and IMF. The article pays particular attention to different approaches of certain countries (USSR, Russia, Italy, South Korea) in the field of import of Foreign Direct Investment and in the field of the Industrial Policy. Based on many years of the author’s experience in the Russian banking sphere and Russian business, the author puts forward certain economic advice to regulators in Russia.

References:

 

1. IMF. World Economic Outlook — Rising Caseloads, a Disrupted Recovery, and Higher Inflation. Washington, DC, 2022.

2. IMF. World Economic Outlook — War Sets Back the Global Recovery. Washington, DC, 2022.

3. Soboleva Inna. Les experts russes redoutent une guerre mondiale d’ici dix ans. FR. Russia Beyond, 2013, April 16, available at: https://fr.rbth.com/tech/2013/04/16/les_experts_russes_redoutent_une_guerre_mondiale_dici_dix_ans_23165.

4. Glazyev S. How to win the war. Top War, 2014, July 26, available at: https:www.en.topwar.ru.

5. Kondratieff N. The World Economy and its Conjunctures during and after the War. Moscow, International Kondratieff Foundation, 2004.

6. Trotsky L. La courbe du d velopppement capitaliste. Marxists, 1923, Avril 21, available at: https://www.marxists.org/francais/trotsky/oeuvres/1923/04/lt19230421.htm.

7. Pokidchenko M.G. Sushchestvuet li ekonomicheskii tsikl? [Is there an Economic Cycle]. Voprosy teoreticheskoi ekonomiki, 2017, no 1, pp. 66–73, available at: http://questionset.ru/files/arch/2017/2017-N1/VTE_2017_1.pdf.

8. Ershov M.V, Lokhmachev V.F., Tatuzov V.Yu, Tanasova A.S. Global’nyi krizis (sravnitel’nyi analiz tsiklicheskikh protsessov) [About Tendencies of Global Crisis]. Bankovskoe delo, 2009, no 5, pp. 16–20, available at: https://www.elibrary.ru/contents.asp?id=33338082.

9.FDI in Fugures. Paris, OECD, 2022, April, available at: www.oecd.org.

10. Putin V. Economic Tasks. Working Day, 2012, January, 30, available at: http://archive.premier.gov.ru/eng/events/news/17888/

11. Ministerial Decree No. 328 validating the State Program of the Russian Federation “Development of industry and increase of its competitiveness” (аpril 2014), available at: http://extwprlegs1.fao.org/docs/pdf/rus170671.pdf.

12. Federal Law No. 488-FZ of December 31, 2014 “On Industrial Policy”. FAO, available at: https://www.fao.org/faolex/results/details/ru/c/LEX-FAOC170671/

13. Vstrecha s chlenami pravitel’stva [Meeting with Governments Members]. Ofitsial’nyi sait Prezidenta RF, 2022, 23 marta, available at: http://en.kremlin.ru/events/president/news/68037.

14. Idrisov G.I. Promyshlennaya politika Rossii v sovremennykh usloviyakh [Towards Modern Industrial Policy for Russia]. Moscow, Izd-vo Instituta Gaidara, 2016.

15. Strukturno-investitsionnaya politika v tselyakh ustoichivogo rosta i modernizatsii ekonomiki: Nauchnyi doklad [Structural and Investment Policy for Sustainable Growth and Modernization of the Economy: Scientific Report]. Pod red. V.V. Ivantera. Moscow, INP RAN, 2016.

Investment Attractiveness of the Russian Energy Sector for Foreign Investors: Assessment and Recommendations

DOI: https://doi.org/10.33917/es-4.184.2022.106-112

The article analyses the investment attractiveness of the Russian energy sector for foreign investors. Analysis is based on such indicators as the volume of energy resources’ production and export as well as their dynamics, foreign direct investment in the country’s energy industry, portfolio investment in the “green” energy industry. The author draws up a conclusion that despite the exports decrease in the main types of energy resources (oil, gas, coal, energy) over the past few years (2020–2021), Russia continues to play a leading role in the global fuel and energy complex, the volume of foreign direct investment in industry is steadily growing, the “green” energy industry is actively developing. The author also dwells on the difficulties that foreign investors have to face when investing in the Russian energy sector. The present study results in identifying the main directions for improving investment attractiveness of the Russian energy sector for potential foreign investors.

Источники:

1. Lizikova M. Nuclear energy prospects and legal challenges towards achieving sustainable development goals. E3S Web of Conferences, 2020, no 1, p. 02009.

2. Baisaeva M.U. Rol’ i znachenie inostrannykh investitsii v Rossii [Role and Importance of Foreign Investments in Russia]. Ekonomist”, 2020, no 1, pp. 80–82.

3. Vypkhanova G.V., Zhavoronkova N.G. Innovatsii v energetike — organizatsionno-pravovye aspekty [Innovations in the Energy Sector — Organizational and Legal Aspects]. Aktualnye problemy rossiiskogo prava, 2021, vol. 16, no 1 (122), pp. 189–203.

4. Tsentral’nyi bank Rossiiskoi Federatsii [Central Bank of the Russian Federation], available at: https://www.cbr.ru/

5. Obzor energetiki stran BRIKS [Overview of the BRICS Countries Energy]. Sammit BRICS, 2020, November, 17, available at: https://brics-russia2020.ru/images/114/89/1148936.pdf.

6. Balafas V., Fakiolas E.T. From energy security to energy dominance: US’ blending of politics and economics. Strategic Analysis, 2020, no 44 (2), pp. 91–105.

7. Inevatova O.A., Matushkin E.F. Problemy i perspektivy ispol’zovaniya kapital’nykh vlozhenii v energetike [Problems and Prospects of Using Capital Investments in the Energy Industry]. Tendentsii razvitiya nauki i obrazovaniya, 2021, no 69-2, pp. 21–24.

8. Nagimova A. Arabskie investitsii v rossiiskuyu infrastrukturu [Arab Investments in Russian Infrastructure]. Mirovaya ekonomika i mezhdunarodnye otnosheniya, 2020, vol. 64, no 3, pp. 80–87.

9. Eksport Rossiiskoi Federatsiei prirodnogo gaza (po dannym FTS i Rosstat) [Export of Natural Gas by the Russian Federation (According to the Federal Customs Service and Rosstat)]. Tsentral’nyi bank RF, available at: https://cbr.ru/vfs/statistics/credit_statistics/trade/gas.xls.

10. Ministerstvo energetiki Rossiiskoi Federatsii [Ministry of Energy of the Russian Federation], available at: https://minenergo.gov.ru/

11. Pryamye investitsii po sektoram ekonomiki [Direct Investments by Sectors of the Economy]. Tsentral’nyi bank RF, available at: https://cbr.ru/statistics/macro_itm/svs/

Fisheries and Aquaculture Development in West Africa: an Opportunity for Russia?

DOI: https://doi.org/10.33917/es-4.184.2022.100-105

The Gulf of Guinea is one of the most productive fishing areas in the ocean, which has attracted the attention of many external actors. The article considers the feasibility of cooperation between Russia and the member countries of the Fisheries Committee for the West Central Gulf of Guinea (FCWC) in the field of fisheries and aquaculture, as today Russian companies operate mainly to the north, in the waters of Morocco and Mauritania. The results of the analysis of the FCWC 2021-2030 Strategic Action Plan reveal the directions of maritime activities in the countries, the nature of external donors’ participation in the implementation of the project and the possibility of Russia’s inclusion. A conclusion is made about the prospects of russian investments in the development of fisheries and aquaculture in the region.

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2022, January — May: Russia in the Context of Slowing Down Socio-economic Development

DOI: https://doi.org/10.33917/es-4.184.2022.90-95

Changing of a conjuncture index of “Economic strategy” (CIES) for five months of 2022 is considered. The contribution of indicators of supply and demand in CIES is estimated. The analysis of industrial production is carried out.

Источники:

1. Sotsial’no-ekonomicheskoe polozhenie Rossii v yanvare — mae 2022 goda: Doklad [Socio-Economic Situation in Russia in January-May 2022: Report]. Federal’naya sluzhba gosudarstvennoi statistiki, available at: https://rosstat.gov.ru/storage/mediabank/osn-05-2022.pdf.

2. Osnovnye parametry stsenarnykh uslovii prognoza sotsial’no-ekonomicheskogo razvitiya Rossiiskoi Federatsii na 2023 god i na planovyi period 2024 i 2025 godov [Main Parameters of the Scenario Conditions for Forecasting Socio-economic Development of the Russian Federation for 2023 and for the Planned Period of 2024 and 2025]. Ministerstvo ekonomicheskogo razvitiya RF, available at: https://www.economy.gov.ru/material/file/c56d9cd0365715292055fe5930854d59/scenarnye_usloviya_2023.pdf.

3. Informatsiya o Plenarnom zasedanii Peterburgskogo mezhdunarodnogo ekonomicheskogo foruma s uchastiem Prezidenta RF 17 iyunya 2022 g. [Information on the Plenary Meeting of the St. Petersburg International Economic Forum with Participation of the President of the Russian Federation on June 17, 2022]. Ofitsial’nyi sait Prezidenta RF, available at: kremlin.ru/events/president/news/68669.

4. Frenkel’ A.A., Tikhomirov B.I., Surkov A.A. 2021: stagflyatsiya ili tekhnologicheskii suverenitet — inogo ne dano! [2021: Stagflation or Technological Sovereignty — No Other Choice!]. Ekonomicheskie strategii, 2022, no 2, pp. 86–91, DOI: 10.33917/es-2.182.2022.86-91.

Peculiarities of the Bread Products Consumption as a Factor in the Health Status of the Working Population of Russia

DOI: https://doi.org/10.33917/es-4.184.2022.82-89

Bread and bakery products are among the basic foods in Russia. Among the subjects of the Russian Federation 23 regions have seen an increase in the consumption of bread products in 2017–2020, leaders in consumption growth became the Astrakhan region, Republic of Ingushetia, the Chechen Republic and the Krasnodar Territory. These regions traditionally have a high consumption of bread products (10–19% higher than the Russian average). In addition, in the above North Caucasian regions, as well as in the Astrakhan region, in 2017–2020 Rosstat have recorded one of the lowest per capita monetary incomes of the population (30–53% lower than the average for the Russian Federation). In 2018– 2020 consumption of bread products in the Russian Federation was at the level of 116 kg per person a year, which is 20 kg or 21% higher than the recommended norm. Thus, resulting from a decline in revenues, the population switches from consumption of more expensive products to cheaper ones, saving on the purchase of meat, vegetables and fruit. Studies in this area have shown that bread products and vegetable oil in terms of kilocalories per ruble of costs stand in the first place, sugar and confectionery are in the second and potatoes are in the third place. The quality of the Russian consumer basket is the success of the nation’s longevity.

Poverty, Inequality, National Wealth: Empirical Analysis and Policy Implications

DOI: https://doi.org/10.33917/es-4.184.2022.70-81

The article is devoted to the study of poverty and inequality in the economic growth of the most developed countries, with a general focus on the formation of social policy consistent with the growth policy. The purpose of the study is to conduct a macroeconomic analysis of poverty, inequality and wealth in the G7 countries, China and Russia, with the ensuing substantiation of a social development strategy for the Russian economy. The methodology is made up of empirical analysis, as well as regression modeling, which make it possible to identify in a comparative way the connectivity of the dynamics of relevant indicators of social development  — the level of national poverty and wealth, the Gini coefficient and general inequality, growth rate, human development index. The result of the study is a precisely confirmed empirical relationship between the level of poverty and inequality for the countries considered, that is, a high value of one parameter corresponds to a high value of another. Consequently, poverty reduction may imply a reduction in inequality, and not only relative, but also absolute. In addition, it was found that for developed countries, high levels of poverty and inequality mean low values of the human development index. Social policy aimed at human development requires that its instruments be harmonized, including the necessary alignment with the current macroeconomic policies to stimulate growth. The magnitude of national wealth does not guarantee high growth rates, as well as low levels of inequality and poverty. A high level of inequality can accompany economic growth, having a positive effect on the growth rate, as for the Russian economy. In this regard, the current policy needs a reasonable selection of measures to stimulate growth and, at the same time, measures to reduce inequality, which can and should not be limited only to tax changes that require special confirmation of influence, but to institutional changes that regulate the creation and appropriation of income.

Источники:

1. Aganbegyan A.G. Kak preodolet’ stagnatsiyu i novyi krizis, obespechiv sotsial’no-ekonomicheskii rost [How to Overcome Stagnation and New Crisis, Providing Socio-Economic Growth]. Ekonomicheskie strategii, 2020, vol. 22, no 5, pp. 34–45, DOI: 10.33917/es-5.171.2020.34-45; no 6, pp. 6–19, DOI: 10.33917/es-6.172.2020.6-19.

2. Adzhimoglu D., Robinson Dzh.A. Pochemu odni strany bogatye, a drugie bednye. Proiskhozhdenie vlasti, protsvetaniya i nishchety [Why Some Countries are Rich and Others are Poor. The Origin of Power, Prosperity and Poverty]. Moscow, AST, 2016, 693 p.

3. Livshits V.N. Bednost’ i neravenstvo dokhodov naseleniya v Rossii i za rubezhom [Poverty and Inequality of the Population Incomes in Russia and Abroad]. Moscow, IE RAN, 2017, 52 p.

4. Stiglits Dzh. Tsena neravenstva. Chem rassloenie obshchestva grozit nashemu budushchemu? [The Cost of Inequality. How does Social Stratification Threaten Our Future?]. Moscow, Eksmo, 2015, 512 p.

The Dollar Collapse: Projecting Russia’s Actions in the Face of Global Economic Collapse

DOI: https://doi.org/10.33917/es-4.184.2022.56-69

The world has been scared by the collapse of the dollar many times. So far, fears of a global economic collapse, associated with the fate of the dollar, have been greatly exaggerated. However, there are no significant guarantees that this will not happen under certain conditions. Variants of the Atlantic-planned collapse of the dollar with its replacement by a synthetic financial instrument o r digital currency, somehow similar to bitcoin, are possible. COVID-19 has further revealed this problem. Russia needs to abandon its illusions and to be ready to ensure the economic stability of political regime in a special period as manifestation of the world monetary and economic war of all against all at a certain stage of the catastrophe, while waiting for the main actors to agree on joint actions. At the same time, among our geopolitical competing partners, there are a lot of those who want by all means to solve their economic and other problems at the expense of Russia. Therefore,  macroeconomic measures that Russia will have to take in case of a global dollar collapse are very likely to be more severe than the scenario that the authors formulated in this article.

Источники:

1. Makarov V.L., Bakhtizin A.R., Il’in N.I., Sushko E.D. Natsional’naya bezopasnost’ Rossii [National Security of Russia]. Ekonomicheskie strategii, 2020, no 5, pp. 6–23, available at: DOI: 10.33917/es-5.171.2020.6-23.

2. Ageev A.I., Loginov E.L. Coronavirus superstrategy: mirovaya proektsiya finansovoi modeli catastrophe just-in-time dlya vykhoda iz krizisa na novuyu geoekonomicheskuyu normal’nost’ [Coronavirus Superstrategy: Global Projection of the “Just-in-time Catastrophe’s” Financial Model for Overcoming the Crisis and Entering into a New Geo-Economic Normality]. Ekonomicheskie strategii, 2020, no 4, pp. 6–19, available at: DOI: 10.33917/es-4.170.2020.6-19.

3. Na poroge monetarnoi kul’minatsii [On the Brink of a Monetary Climax]. Livejournal, Spydell, 2021, August, 25, available at: https://spydell.livejournal.com/699002.html.

4. Fiskal’nyi ad [Fiscal Hell]. Livejournal, Spydell, 2021, April, 21, available at: https://spydell.livejournal.com/698446.html.

5. Ageev A.I., Loginov E.L. New Deal – 2008 — “novaya sdacha”. Bludnye ucheniki Franklina Ruzvel’ta [“New Deal” – 2008. Lost Followers of Franklin Roosevelt]. Ekonomicheskie strategii, 2009, no 2, pp. 30–37

6. Ageev A.I., Loginov E.L. Formirovanie novoi modeli valyutno-finansovoi politiki pri upravlenii natsional’nymi zolotovalyutnymi rezervami Rossii [Forming a New Model of Monetary Policy while Managing the National Foreign Exchange Reserves of Russia]. Ekonomicheskie strategii, 2016,

no 3, no 8–15.

7. Ageev A.I., Loginov E.L. Institutsional’nye mekhanizmy snizheniya mul’tifaktornykh riskov dlya valyutno-finansovoi sistemy Rossii i EAES v usloviyakh nelineinoi ekonomicheskoi dinamiki [Institutional Mechanisms for Reducing Multifactor Risks for Monetary-financial System of Russia and the EAEU in the Context of Nonlinear Economic Dynamics]. Monografiya. Moscow, Institut ekonomicheskikh strategii, 2017.

Evolution of Scientific Views on the Problem of Forming Business Value

DOI: https://doi.org/10.33917/es-3.183.2022.70-77

The article analyzes scientific views of different schools and directions of economic thought on the business value formation. In the study, the author identifies and analyzes the main approaches of theoretical and economic research to studying the problem of the business value formation: cost and behaviour. The author comes to believe that scientific views on the problem of value formation were evolving along the line of “cost approach → behavioral approach”. The process of forming the value of business is a system of economic interactions. Any system of economic interactions of various subjects should be institutionalized. Certain formal and informal norms and rules of conduct organize and coordinate the process of business value formation.

Источники:

1. Engel’s F. Anti-Dyuring [Anti-Duhring]. Marks K., Engel’s F. Soch. [Works]. Moscow, Gosudarstvennoe izdatel’stvo politicheskoi literatury, 1961, vol. 20, pp. 242.

2. Smit A. Issledovanie o prirode i prichinakh bogatstva narodov: Antologiya ekonomicheskoi klassiki [Study on the Nature and Causes of the Wealth of Nations: Anthology of Economic Classics]. Vol. 1. Moscow, Ekonov, 1993.

3. Mill’ Dzh.S. Osnovy politicheskoi ekonomii [Fundamentals of Political Economy]. Moscow, Progress, 1980–1981, vol. 2, pp. 339–340, 351, 356.

4. Bem-Baverk E. Osnovy teorii tsennosti khozyaistvennykh blag [Fundamentals of the Theory of the Economic Goods Value]. Avstriiskaya shkola v politicheskoi ekonomii [Austrian School in Political Economy]. Moscow, Progress, 1992, p. 334.

5. Chemberlin E. Teoriya monopolisticheskoi konkurentsii: (reorientatsiya teorii stoimosti) [Theory of Monopolistic Competition: (Reorientation of the Value Theory]. Moscow, Ekonomika, 1996, 351 p.

6. Anan’in O.I. Struktura ekonomiko-teoreticheskogo znaniya: metodologicheskii analiz [Structure of Economic and Theoretical Knowledge: Methodological Analysis]. Moscow, Nauka, 2005, pp. 46, 47. (Ekonomicheskaya teoriya i strategiya razvitiya).

7. Blaug M. Ekonomicheskaya mysl’ v retrospective [Economic Thought In Retrospect]. Moscow, Delo Ltd, 1994, 720 p.

8. Marks K. Kapital. Kritika politicheskoi ekonomii [Capital. Criticism of Political Economy]. Marks K., Engel’s F. Soch. [Compositions]. Moscow, Gosudarstvennoe izdatel’stvo politicheskoi literatury, 1961, vol. 25, part I, II.

9. Keins Dzh.M. Obshchaya teoriya zanyatosti, protsenta i deneg [General Theory of Employment, Interest and Money]. Antologiya sovremennoi klassiki [Anthology of Modern Classics]. Moscow, Ekonov, 1993, p. 153.

10. Veblen T. The Place of Science in Modern Civilization. New York, 1919, p. 241.

11. Seligmen B. Osnovnye techeniya sovremennoi ekonomicheskoi mysli [Main Tendencies of Modern Economic Thought]. Moscow, Progress, 1968, 600 p.

12. Veblen T. Teoriya prazdnogo klassa [Theory of the Leisure Class]. Moscow, Progress, 1984, p. 216.

13. Marks K. Kapital. Kritika politicheskoi ekonomii [Capital. Criticism of Political Economy]. Marks K., Engel’s F. Soch. [Compositions]. Moscow, Gosudarstvennoe izdatel’stvo politicheskoi literatury, 1955–1981, vol. 23–25, 1960–1962.

Innovation Cluster as an Institution for Developing Russia’s Innovative Economy

DOI: https://doi.org/10.33917/es-3.183.2022.64-69

Supply support policy, which is becoming more and more relevant in Europe and America due to overheated demand, is also relevant for Russia. At the same time, active growth of the state’s information capabilities can be used to mutually coordinate the goals of social and economic development under condition of the focus on integrated development of the innovation environment and in case when the innovation cluster is the optimal institution. First of all, it forms the structure of innovative industry with a wide layer of small and medium-sized businesses, reducing transaction costs. Secondly, the combination of competition and cooperation in a cluster is especially advantageous in the innovation culture of Russia, which is distinguished by the intrinsic value of mastery and innovative community. Thirdly, the cluster makes possible to resolve a conflict between digital platforms and local economy, using the advantages of digitalization and localization to meet mutual interests that contributes to the public welfare growth.

Источники:

1. Obzor mezhdunarodnoi praktiki podderzhki ekonomiki i naseleniya v usloviyakh bor’by s pandemiei koronavirusa v Armenii, Velikobritanii, Germanii, Danii, Ispanii, Italii, Kazakhstane, Kitae, Niderlandakh, SShA, Finlyandii, Frantsii, Shvetsii, Yuzhnoi Koree, Yaponii [Review of International Practice of Supporting the Economy and the Population in the Context of Fighting the Coronavirus Pandemic in Armenia, Great Britain, Germany, Denmark, Spain, Italy, Kazakhstan, China, Netherlands, USA, Finland, France, Sweden, South Korea, Japan], available at: https://isp.hse.ru/data/2020/04/29/1544579194/COVID-19_stimulus%20packages_countries260420.pdf.

2. Cochrane J.D. The Revenge of Supply. Project Syndicate, available at: https://www.project-syndicate.org/commentary/supply-shortages-inflation-result-ofgovernment-policies-by-john-h-cochrane-2021-10.

3. Makhalina O.M., Makhalin V.N. Svoevremennye i adekvatnye mery po podderzhke ekonomiki i naseleniya Rossii v period pandemii [Timely and Adequate Measures to Support the Economy and Population of Russia During the Pandemic]. Vestnik RGGU. (Seriya: Ekonomika. Upravlenie. Pravo), 2021, no 1, pp. 56–70.

4. Vlasova V., Roud V. Cooperative Strategies in the Age of Open Innovation: Choice of Partners, Geography and Duration. Foresight and STI Governance, 2020, vol. 14, no 4, pp. 80–94, DOI: 10.17323/2500-2597.2020.4.80.94.

5. Bator F.M. Fine Tuning. In: Eatwell J., Milgate M., Newman P. (eds) The World of Economics. The New Palgrave, Palgrave Macmillan, London, 1991, available at: https://doi.org/10.1007/978-1-349-21315-3_35.

6. Minski Kh. Stabiliziruya nestabil’nuyu ekonomiku [Stabilizing Unstable Economy]. Moscow, Saint-Petersburg, Izd-vo Instituta Gaidara, fakul’tet svobodnykh iskusstv i nauk SPbGU, 2017, 624 p.

7. Berdin A.E., Berdina M. Regional’nye osobennosti razvitiya osobykh ekonomicheskikh zon. Na primere stran latinoamerikanskogo regiona [Regional Specific Features of Development of Special Economic Zones. On the Example of the Latin American Countries]. Latinskaya Amerika, 2021, no 3, pp. 33–54.