Global Economics and Management: Transition to Economy 4.0 (eBook)

Preface 6
Contents 8
Theoretical Approaches to the Development of Economy 4.0, the Construction of a Postindustrial Society, and Their Impact on the Labor Market, Finance, Public and Social Values. Innovative Methods and Models are Mentioned as Well 12
1 Modeling of Wage Payment System Choosing Task 13
1.1 Introduction 13
1.2 Solution to the Problem 14
1.3 Model Description 15
1.4 Formulas for Calculating Dependent Variables 17
1.5 Modeling and Regression Analysis Results 19
1.6 Conclusions 22
References 23
2 Problems of Labor Incentives of High-Tech Enterprises in Conditions of Digitalization 24
2.1 Digital Economy 24
2.2 Digital Worker 27
2.3 Labor Incentives in the Digital Economy 29
2.4 Conclusions 31
References 32
3 DE Analysis of Enterprises Activity 33
3.1 Introduction 33
3.2 Literature Review 34
3.3 Result and Discussion 35
3.4 Conclusion 43
References 44
4 Technique of Optimal Distribution of Investments in Industrial Cluster Blocks 45
4.1 Introduction 45
4.2 Research Methods 46
4.3 Conclusion 52
References 52
5 Game Models of Competition in the Cargo Transportation Market 53
5.1 Introduction 53
5.2 The Model 54
5.2.1 Model Description 54
5.2.2 Nash Equilibrium in the Game N 55
5.2.3 Equilibrium in the Modified Stackelberg Model of the Game N 58
5.3 Computer Simulation 61
5.4 Conclusions 62
References 64
6 Labor Productivity Improvement: The Role of Remuneration in the New Qualification System 65
6.1 Introduction 66
6.2 Methodology 66
6.3 Result 67
6.4 Conclusion 70
References 71
7 Application of Discriminate Function Analysis to Identification of Financially Unstable Banks of Russia 73
7.1 Introduction 73
7.2 Calculation Methodology 75
7.3 Results of Numerical Simulation 77
7.4 Methods of the Bank of Russia 79
7.5 Analysis of Results 82
7.6 Conclusion 83
References 83
8 Analysis of the Russian and World Marker of Telemedicine and Biochipping: Features and Development Prospects 85
8.1 Introduction 85
8.2 Telemedicine in Russia and the World 86
8.3 Biochipping in Russia and the World 89
8.4 Indicators of Improving the Efficiency of Treatment of Patients Using Telemedicine and Biochipping 91
8.5 Conclusion 94
References 95
The Creation and Implementation of Cryptocurrencies and Block Chain Technology 97
9 Copula Models Comparison for Portfolio Risk Assessment 98
9.1 Introduction 98
9.2 Dataset and Methodology 100
9.2.1 Dataset 100
9.2.2 Data Processing 100
9.2.3 Estimate the Parameters of the Marginal Distributions 101
9.2.4 Estimate the Copula Parameters 102
9.3 Portfolio Application 104
9.3.1 Mean-Conditional-Value-at-Risk Portfolio Optimization 104
9.3.2 Stability Study and Risk Measure Curve 105
9.4 Discussion and Conclusion 106
References 108
10 Constructing a Risky Optimal Mean/Value-at-Risk Portfolio 110
10.1 Introduction 110
10.2 Basic Framework 112
10.3 Empirical Results 114
10.4 Conclusion 117
References 117
11 Consumer Resistance to Digitalization on the Digital Platform Market: Preliminary Analysis 119
11.1 Introduction 120
11.2 Digital Platforms and Resistance to Digitalization 121
11.3 Literature Review 124
11.3.1 Thesis 1. The Absence of the Unity of the Terminology for Digital Platforms 125
11.3.2 Thesis 2. Research of Digital Platforms Have Interdisciplinary Character 125
11.3.3 Thesis 3. Diversity of Classical Economic Approaches to the Phenomenon of Digital Platforms 125
11.3.4 Thesis 4. Behavioral Approach to Digital Platforms and Resistance to Digitalization 126
11.4 General Approach to Resistance to Digitalization 128
11.5 Preliminary Model for Overcoming Consumer Resistance to Digitalization 130
11.6 Conclusion 132
References 133
12 Problems and Development Prospects of the Independent Financial Advisors Institute in Russia 135
12.1 Introduction 135
12.2 Materials and Methods 136
12.3 History of Origin and Creation of the Independent Financial Adviser 136
12.4 Problems and Development Prospects 137
12.5 Conclusion 143
References 144
13 Crowdfunding as a Tool for Financing: A Review of Theoretical Approaches 146
13.1 Introduction 146
13.2 Materials and Research Methods 147
13.3 Crowdfunding Definitions 147
13.4 Crowdfunding Classification 149
13.5 Risks 151
13.6 Types of Collective Investments 155
13.7 Conclusion 157
References 158
14 Possibilities of Applying the Foreign Experience in Regulation of Digital Currency Circulation in Russia 160
14.1 Introduction 160
14.2 Results 162
14.3 Conclusion 168
References 168
Comparative Analysis of Regional and Institutional Economics in Different Countries such as Russia, China, the United States and the EU, Among Others. Regulation, Supervision, Accounting and Economic Security Measures Are Also Explored 170
15 Integration of Strategic and Cross-Cultural Communication from an Economic Perspective: A Case Study of Russia and China 171
15.1 Related Theories and the Current Research 172
15.1.1 The Need for Integration 172
15.1.2 Strategic Communication in the Cross-Cultural Aspect 172
15.1.3 Comparison with Current Research Work 172
15.2 Analysis of Cooperation Between Russia and China 173
15.2.1 New Issues and Coping Strategies 173
15.2.2 Analysis of Economic Cooperation from the Cultural Aspect 175
15.2.3 The Coexistence of International Relationships, Economic Cooperation and Cultural Compatibility 176
15.3 Theoretical Suggestion for the Economic Cooperation from the Viewpoint of Strategic Communication 177
15.3.1 Strengthen the Advantages and Remedy the Weakness 177
15.3.2 Promote the Cultural Communication and Break the Language Barrier 179
15.3.3 Cultivate Everyone’s Sense of Mission to the National Strategic Communication 179
15.4 Conclusion 180
References 181
16 Assessment of the Effectiveness of the Eastern Europe, Caucasus, and Central Asia Based on the DEA Analysis Method 182
16.1 Introduction 183
16.2 State of the Problem 184
16.3 Data and Methods 185
16.4 Results 189
16.5 Conclusion 194
References 195
17 In-Group Cooperation and Gender: Evidence from an Interdisciplinary Study 196
17.1 Introduction 196
17.2 Participants 197
17.3 Design 198
17.3.1 Anonymous Stage 198
17.3.2 Group Formation 199
17.3.3 Group Stage 199
17.4 Results 200
17.5 Discussion 201
References 201
18 Ethical Finance as a Manifestation of International Economic Relations 204
18.1 Introduction 204
18.2 Digital Money 205
18.3 Ethic Finance 207
18.4 Conclusions 210
References 211
19 Analysis of the Problems of Measuring Organizational Performance in the Education, Public Administration and Commercial Sectors: Differences and General Principles 212
19.1 Introduction 212
19.2 Organizational Performance: Measurement and Problems 213
19.3 Performance Management 215
19.4 Educational Productivity: Problems and Measurement Criteria 216
19.5 Performance Evaluation in Public Institutions: Problems and Measurement Criteria 218
19.6 Performance Measurement Problems in Industries: Criteria and the Ability to Measure 220
19.7 Research Summary 221
19.8 Conclusion 224
References 225
20 State Tax Policy in Oil Industry as One of the Mechanisms to Ensure Financial Stability of the Russian Federation 227
20.1 Introduction 227
20.2 Research Materials and Methods 228
20.3 Results 231
20.4 Discussions 232
20.5 Conclusion 233
References 235
21 Improving the Government’s Tax Policy in the Oil Industry Taxation 236
21.1 Introduction 236
21.2 Research Materials and Methods 237
21.2.1 Research Findings 238
21.3 Discussions 239
21.4 Conclusion 241
References 242
22 An Indicator of Financial Condition in Industry Investment Analysis 244
22.1 Introduction 245
22.2 Features of Development of Telecommunications Industry in Russia 245
22.3 The Industry Indicator for Telecommunication Industry 246
22.4 Generalized Scheme of Industry Investment Analysis 247
22.5 Correlation of Discounts on the Enterprise Value of the Companies of the Telecommunication Industry 249
22.6 Conclusion 250
References 251
23 Mechanism of Import Substitution in the Machine-Building Complex in the Format of Industrial Cluster 252
23.1 Introduction 252
23.2 Results 253
23.3 Conclusion 259
References 259
24 Development of Management Mechanisms for Investment and Construction Projects of Energy-Efficient Low-Rise Construction 260
24.1 Introduction 261
24.2 Research Materials and Methods 261
24.3 Results 264
24.4 Conclusion 268
References 269
25 Analysis of Peculiarities of Industry-Specific Regulation of a Housing and Utility Complex on the Example of the Russian Federation 270
25.1 Introduction 270
25.2 Research Materials and Methods 271
25.3 Deliverables 275
25.4 Conclusions 278
References 278
26 Cluster Capacity Calculation Mechanism in Increasing the Efficiency of Regional Production 280
26.1 Socio-economic Problems in the Arctic 281
26.1.1 Arctic in Russia Federation 281
26.1.2 Social Development in North Region 281
26.2 Cluster 283
26.2.1 Cluster in Arctic 283
26.2.2 Cluster Types in the Arctic Zone in Russia Federation 284
26.3 Cluster Efficiency Analysis 285
26.3.1 Socio-economic Cluster Analysis 285
26.4 Results and Conclusions 288
References 288
27 Engineering Education Evaluated by the Technical University Students (Survey Data) 290
27.1 Introduction 290
27.1.1 Drivers of Professional Choice 292
27.2 Materials and Methods of the Research 292
27.2.1 The Students’ Opinion About the Necessity of Specific Competencies for an Engineer 293
27.2.2 Reactions of the Respondents to the Quality of the University Engineering Education 295
27.2.3 Challenges of Engineering Education 297
27.3 Conclusions 299
References 300
28 National Housing Investment Markets: Drivers of Development or Sources of Crises? 301
28.1 Introduction 302
28.1.1 Housing Investment Markets and the Global Economic Crisis 302
28.1.2 The Housing Investment Market as an Object of Research 303
28.2 Housing Investment Markets Around the World: Analysis and Comparisons 304
28.3 Conclusion 310
References 310
Index 312