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Scientific Research of Faculty of Economics. Electronic Journal

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Vol 12, No 2 (2020)

MACROECONOMIC POLICY

7-25 504
Abstract

The article is devoted to the comparative analysis and assessment of public policy measures aimed at state support of businesses and households in the foreign economies during the entry into the COVID-19 pandemics (i. e. in March 2020). We take into account first economic results of the acute phase of pandemics published in May and June 2020. We identify common and specific approaches of the governments of China, Italy, France, Germany, Czech Rep, and the USA. We formulate the recommendations on possible anti-crisis measures of public policy to protect businesses and households in case of new waves of pandemics and new crises.

THEORETICAL ISSUES

26-39 725
Abstract

The article reveals the economic content of intellectual property as a ratio of the appropriation and alienation of property. It is shown that intellectual property acts as a unity of a person’s mental abilities, which are expressed in his ability to solve various kinds of problems, and the result of these abilities is the net income of the owner obtained as a result of alienation. The role of intellectual property as the most important changing factor in the development of an innovative economy is considered. The participation of the state and business in the use of intellectual property and the intensification of innovation is shown. The article discloses modern trends in the development of innovations aimed at a high degree of automation and the use of new technologies for continuous self-replicating economic growth, improving the welfare and standard of living of society, and the development of the human person.

COMPETITION AND INDUSTRIAL POLICY

40-68 588
Abstract

The article estimates enforcement activities effects of the Federal Antimonopoly Service in oil products markets. The article analyzes the impact on petrol and diesel fuel markets of two types FAS Russia measures: measures related to the primary detection of antitrust laws violation signs, and measures applied when the violation fact has already been reliably established. The research point is based on the concerns about the negative impact on the companies of posting news of showing interest on the part of antimonopoly authorities with no evidence proving true law violation at the period of publication. To estimate effects on shares prices of large vertically integrated companies in the oil industry we used the event study method. The analysis sample included events that occurred with Russian oil companies from 2013 to 2019. The analysis showed that the effects based on the influence of detection signs of violation and establishing the violation fact of antitrust laws differ both in their intensity and in the direction of influence. It is also proved that the actions of antimonopoly authorities don’t create significant indirect costs of reducing the company's market value.

69-102 847
Abstract

The functioning of the digital economy determines the introduction of Internet technologies in almost all areas of business. In recent years, online banking systems have become widespread in Russia, which contribute to the appearance of new competitive factors in the banking services market. By providing services via the Internet, the banks can improve their financial performance and effectiveness by offering customers more services in a convenient format and on the most profitable conditions. Nowadays online banking as a tool for providing banking services is crucially important for the improvement of a commercial bank’ competitiveness. This work is a research of the modern Russian online banking market, which is devoted to the competitive analysis of its participants using marketing instruments and Internet resources. The purpose of the study is to develop practical recommendations for improving companies’ competitiveness in the Russian online banking market on a concrete example.

DISCUSSIONS AND ROUND TABLES

103-114 251
Abstract

The work is devoted to a review of the results of the 145rd meeting of the Dispute Club “Eco-nomic Policy Knots” of the Association of Russian Economic Think Tanks (hereinafter referred to as ARETT) on the topic "What anti-crisis measures are necessary and possible in Russia?". The purpose of the event was to discuss the consequences of the crisis caused by the COVID-19 pandemic for the Russian economy and the necessary anti-crisis measures. Disputants were Ruben Enikolopov, Rector of the New Economic School, and Andrey Yakovlev, Director of the Institute for Industrial and Market Studies of the Higher School of Economics. The review presents the key ideas of the disputants, and also summarizes the main results of their answers to questions.



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ISSN 2078-3809 (Online)