Вестник Самарского государственного экономического университета

Вестник самарского государственного экономического университета
Vestnik of Samara State University of Economics

2019 №4 (174)

THEORY OF ECONOMICS

Kuskov V.M.

ISSUES FOR DETERMINING THE BASIC ECONOMIC LAW OF THE MARKET ECONOMY

In foreign and domestic economic literature, the theory of the basic economic law of society has not been given due attention, and therefore this scientific problem is far from being finalized. In particular, the problem of determining the basic economic law of the market economy and its disclo-sure in relation to the modern developed capitalist society remains unresolved. It remains unclear which fundamental elements the basic economic law of commodity-money relations consists of, both in form and in content. Therefore, the purpose of the article is to clarify the definition of the basic economic law of the market economy in general and the capitalist market economy in particular. To achieve the goal in this paper, the following tasks are set: first, to consider the history of the theory of the basic economic law of the market economy in the studies of representatives of the classical school of political economy; secondly, to find out the positive and negative signs of the theory of the basic economic law in the works of classics of political economy; thirdly, to identify the problems of the basic economic law in the Soviet and modern Russian economics; fourth, to substantiate the formulation of the basic economic law of the market economic system; fifth, to formalize this law with the help of its funda-mental elements and thereby systematize the definition of this law; sixth, to clarify the interpretation of the basic economic law of the capitalist market economy.
Keywords: economic law, market value, basic economic law of the market economy, law of the market value. Highlights: adherents of classical political economy controversially presented the theory of the basic eco-nomic law of the capitalist market economy; Soviet economic thought was characterized by a distorted Marxist interpretation of the basic economic law of the capitalist market economy as the law of production of surplus value; it is advisable to recognize the law of the market value of goods as the main economic law of the market economy (including); the definition and formalization of this law is possible through systematization of its elements, which include a substantial economic attitude in market processes, the essence of the law, its form and content; the same law serves as the basic economic law for the valid capitalist market economy.

Email:	lllundead@rambler.ru
Сведения:	Vyacheslav M. Kuskov, Candidate of Economics, Associate Professor, Samara State University of Economics.

Razumovskaya E.A., Lebedev A.V.

THEORETICAL ASPECTS OF MODELING THE RESULTS OF THE SOCIO-ECONOMIC DEVELOPMENT OF THE NATIONAL ECONOMY OF RUSSIA

The study represents retrospective aspects of financial regulation of reproduction process-es, which determined investment activity in the era of market reforms and the trends of the mod-ern Russian economy in the periods of cyclicity. A dynamic comparison of the volume of invest-ments in the fixed capital of the national economy of the Russian Federation for the period 1990-2019 is made. The factors accompanying cyclical trends in the national economy are established, and the positions of the leading world and Russian scientists in the field of economics and fi-nance in evaluating the procedure for conducting a privatization campaign in Russia are shown. The conclusion is made about the dominance of political motives in the new Russian financial system based on the results of the shock privatization strategy, which determined investment trends for many years while strengthening the state influence on the economy.
Keywords: theory of economic growth, socio-economic development, reproduction pro-cesses, modeling. Highlights: a model function describing the conditions for balanced growth of the Russian economy based on the Harrod-Domar concept was illustrated; the adequacy of the proposed model to the realities of the domestic economy was ob-tained empirically by substituting the numerical values of the marginal propensity to save (mps) and the share of capital in the national income; the dynamics of the gross domestic product for the period from 1990 was presented as an illustrative series of the presented modeling of the reproduction process.

Email:	rasumovskaya.pochta@gmail.com, aleb13@bk.ru
Сведения:	Elena A. Razumovskaya, Doctor of Economics, Professor of the Department of Finance, Money Circulation and Credit, Ural Federal University named after the first President of Russia B. N. Yeltsin, Ural State University of Economics; Aleksey V. Lebedev, Candidate of Economics, Ural Federal University named after the first President of Russia B. N. Yeltsin.

Duginova A.O, Parchuk D.S., Borkova E.A.

AWARENESS OF MODERN YOUTH IN RUSSIA AND COUNTRIES OF THE COMMONWEALTH OF INDEPENDENT STATES ON SHADOW ECONOMY AS AN INFLUENCE ON ITS FURTHER EXISTENCE

We consider the results of the study of the invisible side of the economy (namely, the shad-ow and crime) in terms of awareness of the population of Russia and the CIS countries, mostly young people. Special attention is paid to the study of the causes and results of the shadow globalization. The statistical data on this issue are presented, their analysis is carried out, and assumptions are made about the impact of the results on the future non-observed economy and on minimizing its level.
Keywords: shadow economy, globalization, tax, GDP, offshore, criminal economy, re-search, youth. Highlights: the existing causes of the shadow economy and their impact on its stability were studied; the data on ways out of the shadow economy were systemized; the leading sphere of the criminal economy was identified and its other spheres were analyzed; the study of youth awareness of the shadow economy in terms of its globalization was conducted.

Email:	duginova.anna@gmail.com, di.parchuk@gmail.com, e.borkova@mail.ru
Сведения:	Anna O. Duginova, a doctoral candidate. E-mail: duginova.anna@gmail.com; Diana S. Parchuk, a doctoral candidate; Elena A. Borkova, Candidate of Economics, Associate Professor of the Department of General Economic Theory and History of Economic Thought - St. Petersburg State University of Economics.

REGIONAL ECONOMY

Yudina T.N., Balashov A.M.

POTENTIAL OF NEW CENTERS OF INNOVATIVE ECONOMY AND THEIR ROLE IN ENTREPRENEURSHIP (USING THE EXAMPLE OF THE NOVOSIBIRSK REGION)

Modern regions of the Russian Federation are a reflection of new socio-economic processes in which the formation and development of the national innovation system and the digital economy take place. This study aims to test the hypothesis that the Novosibirsk region can become one of the main regions of technological breakthrough due to a significant concentration of high-tech, knowledge-intensive industries in the region, the enormous role of science and scientific personnel in the economic development of the region, as well as high entrepreneurial activity. The objective of this study is to identify promising and priority areas of innovation activity of Novosibirsk entrepreneurship as a type of commercial activity and to find a unique niche in markets for goods produced using the technologies of the fourth industrial revolution. The study of this phenomenon was carried out on the basis of a sociological study. The role in the innovation transformation of entrepreneurship, authorities, scientists, and civil society was considered, the possibilities of their interaction on the basis of public-private partnership were evaluated. The influence of the economic structure on innovation and institutional changes in entrepreneurship and the competitiveness of products was also studied.
Keywords: innovation, modernization, entrepreneurship, digitalization, region, science, human capital. Highlights: the role of modern entrepreneurship, authorities, scientists, civil society in the innovative development of the Novosibirsk region was revealed; an the possibility of their interaction on the basis of a public-private partnership was assessed; the influence of various factors on the innovative development of the region was analyzed.

Email:	Ltha1@yandex.ru
Сведения:	Tamara N. Yudina, Doctor of Economics, Chief Researcher, Lomonosov Moscow State University; Aleksey M. Balashov, Candidate of Economics, Associate Professor, Novosibirsk State Pedagogical University.

ECONOMICS, ORGANIZATION AND MANAGEMENT OF ORGANIZATIONS, BRANCHES, COMPLEXES

Likhutin P.N., Kaverina A.E.

THE PROBABILITY OF A CLEAR PRICE CONTRACT UNDER THE EXTERNAL ENVIRONMENT: A METHODICAL ASPECT

Theoretical and methodological provisions and applied aspects of identifying implicit price collusion in the market are considered. It is necessary to assess the increased probability of implicit price collusion under uncertainty of information flows, where the implicit price collusion, considered as a group, presupposes the presence of a relatively isolated set of economic actors coordinating their actions through the interaction for reducing the pressure of system factors and obtain the corre-sponding economic effect. A methodical approach has been developed to identify implicit price col-lusion by calculating the index of the increased probability of implicit price collusion based on the analysis of publicly available financial and extra-financial information. The approach is based on the analysis of the correlation dependence of a number of significant indicators of financial and eco-nomic activity and the presence of affiliated relations of companies prone to probable participation in implicit price collusion. The results of the methodological approach are presented on the example of the “sugar production” type of activity, in which the Federal Antimonopoly Service proved price collusion. It can be concluded that the proposed toolkit to identify the probability of implicit price collusion is effective and can be used in practice.
Keywords: price collusion, price agreements, methodical approach, anti-monopoly regulation, correlation of financial and economic indicators, sugar production, extra-financial information. Highlights: the necessity of evaluating the indicator “increased probability of implicit price collusion”, where price collusion is viewed as a group of relatively separate economic entities coordinating their actions to reduce the pressure of system factors and obtain the corresponding economic effect, was justified; tools for identifying implicit price collusion, based on the analysis of publicly available fi-nancial and extra-financial information were proposed; the approbation of the developed tools was carried out using the example of the activity “sugar production”, in which the Federal Antimonopoly Service proved a price agreement.

Email:	p.n.lihutin@edu.nsuem.ru, nastya.kaverina.97@mail.ru
Сведения:	Pavel N. Likhutin, Candidate of Economics, Associate Professor; Anastasia Eu. Kaverina, a student. Novosibirsk State University of Economics and Management.

FINANCE, CURRENCY CIRCULATION AND CREDIT

Rakhaev V.A.

IMPROVING THE ELEMENTS OF THE BANK CREDIT MECHANISM IN CREDITING FOR UPDATING OF CURRENT FACILITIES

The effectiveness of bank lending is determined by the quality of the credit mechanism as a form of organization and method of using credit relations. The practice of lending indicates that the existing bank credit mechanism does not fully implement the principles of payment, urgency and repayment of loans. Thus, overdue debt on loans extended by Russian banks to legal entities and individual entrepreneurs amounted to 1,804 billion rubles as of 01.01.2018, or 6.4% of the banks` corporate loan portfolio. In this regard, it is relevant to search for tools of the credit mechanism, al-lowing implementing the principles of lending. The purposes are: explore the priority elements of the banking credit mechanism; describe the methods of justifying the needs of borrowers in loans; con-sider restrictive requirements (covenants) imposed by the bank on borrowers. The main research methods are: balance, analytical, regulatory, method of financial ratios, method of technical and economic calculations, method of forecast cash flow, economic and mathematical methods.
Keywords: commercial bank, borrower, crediting, covenants, credit mechanism, net working capital, financial model, net cash flow, break-even point, penalties. Highlights: priority elements of the bank credit mechanism were studied; the needs of borrowers in loans were justified; restrictive requirements (covenants) established by the bank to borrowers were considered.

Email:	raxaev.valerij@mail.ru
Сведения:	Valeriy A. Rakhaev, Candidate of Economics, Associate professor, Department of Finance and Credit, Samara State University of Economics.

THEORY OF ECONOMICS

REGIONAL ECONOMY

ECONOMICS, ORGANIZATION AND MANAGEMENT OF ORGANIZATIONS, BRANCHES, COMPLEXES

FINANCE, CURRENCY CIRCULATION AND CREDIT