Izvestiya of Saratov University.
Economics. Management. Law
ISSN 1994-2540 (Print)
ISSN 2542-1956 (Online)

Economic

Comparison of Accuracy between Different Methods of Forecasting the Term Structure of Interest Rates

Introduction. Forecasting the term structure of interest rates is considered to be the complex problem. The experience shows that just a few models from the proposed in science literature provide us with much better accuracy in forecasting than random walk. This paper is devoted to the comparison of forecasting results’ accuracy for the different specifications of econometric models using Russian data for 2004–2014 years. Models. We use the next econometric models for the forecasting: random walk, autoregressive model, factor model, Diebold-Li model.

The Inequality of Income Taxation for Nonresident Taxpayers

Introduction. The paper provides analyses the difference between income taxation system for resident and nonresident taxpayer, in particular the inequality deduction and exemption. Empirical analysis. The paper emphasizes the different qualification principles for nonresident alien-taxpayer, the treaty benefits for different countries, and the standard deduction.

On Models the Relationships Authorities and Business Structures

Introduction. Currently, the Russian business is faced with a choice between economic transformation and adaptation to political realities. So now updated the task of studying the relationship of business and government as a process, which plays a role in political relations in modern Russia.

Factors Convergence Russian Regions and Their Characteristics in the Reproductive Cycle of the Human Potential

Introduction. Search the development of the Russian economy is characterized by increasingly complex social and economic phenomena, differentiation and specialization of regions of Russia, accompanied by a steady increase in the number of factors that significantly determine the scope, pace and quality of economic growth. According to the concept of long-term socio-economic development of the Russian Federation for the period up to 2020. One of these factors is the human potential. Empirical results.

Optimization and Improving Efficiency of Public Sector Expenditures in the Context of the Economic Area De-globalization

Introduction. There is an exacerbation of the struggle between the countries for the implementation of their economic interests in the global market in the context of a multipolar world formation. The de-globalization trends increase and emerging local and global economic crises form the series of new requirements to ensure the efficiency of the public sector housekeeper. The article analyzes the measures to optimize the public sector costs during the crisis. Theoretical analysis.

Essence of Venture Investments

Introduction. One of financial instruments of innovative activity is venture investment. So far the main tools and elements of infrastructure, investment of innovative activity, i.e. venture investment are formed, remains insufficiently developed in theoretical and practical aspect. In article genesis of the concept «venture investments» and its property is investigated. The purpose is the analysis of economic essence of venture investments. Theoretical analysis.

Dynamics of Labour Productivity: Calculation and Specialities in the Regions

Introduction.Improvement of competitive positions of Russian economy is impossible without an increase in labour productivity. A productivity development at the level of country, region, cluster, enterprise, manufacture or section is meant to be an increase in efficiency of production factors utilisation, or resources being used. Theoretical analysis. The article is devoted to analysis of public labour efficiency specifics in Russia. The essence and forming factors of labour efficiency were demonstrated at macrolevel. Research approach.

Existence`s Institutional Factor of Objects Cultural Heritage as One of the Type Public Goods

Introduction. Maintaining specific type of public goods in the form of cultural heritage property appears to be not only a social and cultural, but also economic problem. This problem is associated with the growth of government spending on the protection and conservation-restoration of cultural heritage objects and the evaluation of the effectiveness of public spending. By supporting these kind of goods, the national identity of economic agents can be provided, strengthening Russia’s national security. Theoretical analysis.

Credit Market: the Problems, Contradictions and Potential for Growth

Introduction. In the present state of the domestic economy, where there is a stable manifestation of stagflation processes will inevitably have to deal with problems in the field of credit and the banking system. At the same time it is the real situation in those areas of financial activity depend largely on the prospects and potential for economic growth. Therefore, the study of the conditions in which this activity takes place, and the search for reserves to strengthen the positions of banks in the market today are the urgent tasks.

The State Support of Small Business: Myth or Reality?

Introduction. Small business development has become one of the priorities of the economic policy of the country. This article led to the location and role of small business in today’s economy. Theoretical analysis. Small business is the locomotive of the economy of the country, it is a great force. Periodically creates favorable conditions for the prosperity of small businesses.

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