Subject. The subject of the article is an analysis of approaches to the definition of a long-term strategy for the development of the Russian economy in the context of the transition to a new model of economic growth that will ensure a stable and dynamic development of the national economy. Goals. The authors set themselves the following main tasks: the first is to define targets for improving the economic dynamics of the Russian economy based on the assessment of the current situation in the Russian economy. The second is to study the proposals and recommendations of the leading institutions and centers for bringing the economy to the trajectory of sustainable growth. The third is to supplement and clarify these proposals and recommendations with their own proposals. Methods. The analysis of the materials of the Center for Strategic Research (headed by A. Kudrin) and the “Growth Strategies” program (headed by B. Titov) made it possible to identify those proposals and recommendations that can be used to prepare the country’s long-term economic growth program. Results. The article suggests structural priorities for economic growth and specifies the features of accelerated technological modernization of industrial potential and large-scale development of the country’s infrastructure, which can significantly complement and expand the recommendations and proposals of leading economic centers and, at the end, significantly accelerate the solution of the country’s economic and social problems.

Subject. After the recent papers of leading economists on the Russian economy, the Author examines the influence of external factors of 2014-2016 on the merchandise export structure quality and on the Russian economic growth through the prism of the “Dutch decease” impact. Purpose. The research was focused on clarification whether the export structure quality improves or if the Russian economic growth model is becoming more sustainable after the mentioned events. Methods. The official data were subject to statistical processing in order to use some research methods designed by the author. There are new aggregation schemes for goods and destinations of foreign trade and the estimation of the financial attractiveness gradient of industries for investors. The application of the proposed methods makes it possible to derive qualitative indicators of non-commodity export and to assess its impact on the Russian economic growth. Results. The author shows that the qualitative estimations obtained by mainstream researchers could be greatly distorted without taking into account of some important commodity market features. So, the main result of this study is the initial hypothesis confirmation that the 2014 events pushed Russia’s exports towards improving the quality of its structure within the framework of specified definitions. Based on these results and some other publications, the author concludes that the Russian economy has the prerequisites for a transition to quality economic growth. The quantitative assessment of the transition to a new model of economic growth will require some further research on the topic.

Subject. The direction in the field of behavioral economics, so-called nudge theory is described. Chicago professor Richard Thaler had been awarded Nobel prize in economics 2017 for it. This award remarks the importance of new aspects of behavioral economics investigation, which weak in Russia. Targets. Author (every year till 2001) introduces main ideas of Nobel laureates on economics for Russian economists. He believed that this activity gives a possibility to compare economic research in Russia with world ones according to its themes and depth. Methodology. Methods used to boil down to texts analytics and different times economic ideas comparison. The article provides real examples of nudge theory practical applications in different spheres of economic life as well. Results. The author proves that nudge theory is natural development of restricted rationality conception, experimental and non-price economics, that it improved previous economists’ (who were Nobel prize awarded also) conceptions to practical applications. Moreover, behavioral economics development importance is detected, This subject was absent in Soviet economic science and is weakly developed in the modern Russian one. Nudge theory place is determined, in connection with justice conception, which is intimately linked with practical measures for labor market improvement and so on in R. Thaler works. Conclusions. The author concludes, that a consciousness manipulation, as a part of nudge theory, is very dangerous. Level of danger depends largely on who is a manipulator. Discussion. Nudge theory application should be accompanied by many public control measures in Russia.

Subject. Macroeconomic conditions of conducting financial and economic activities determine its stability. In a stagnant national economy for enterprises and organizations becomes important to conserve resources, increase efficiency. One of the ways of increasing quality of activity of the economic entity is the streamlining (standardization) of the analytical procedures. Purpose. The author’s development of a standardized approach to the integrated analysis of the sustainability of the organization. Methodology. To solve the set tasks have used the methods of research (analysis and synthesis), comparative analysis, a method of analogies. The study built on the study of relevant economic literature and on the method of structural analysis. Results. The article suggests a direction of improving the theory and methodology of economic analysis - standardization. Standardization of the analysis of the activity of economic subjects (economic analysis) solves a number of problems associated with the practical application of the methodology of integrated economic analysis: are differences in terminology, a different interpretation of the title and content of analytical indicators; unified approaches to information security analysis. The article identified the need to develop a system of standards for economic analysis. We analyze the conditions of development of standardization of economic analysis in the context of stakeholder approach - taking into account the range of stakeholder requirements to the quality of functioning of the organization. On the basis of the study was the structure of the standard economic analysis, the developed model the model standard, including terms and definitions, scope, database analysis, methods analysis, methodical recommendations on the interpretation of the results of the analysis. Conclusions. The author came to the conclusion that to increase the satisfaction of stakeholders of economic entities it is important to focus on the development of standards of performance analysis (economic analysis) on the principles of transparency and continuous improvement.

When discussing the relevance of transformation of the Russian accounting or the digital economy the authors usually explore Autonomous these two areas. Examination of their relationship helps to explain the modern trends in the development of both theory and practice of accounting, Examination of their relationship helps to explain the modern trends in the development of both theory and practice of accounting. This explains the novelty of the subject and the relevance of the study. The aim of the study was substantiation of author’s vision of the specific directions of reforming of accounting. The emergence in Russia of a new economic accounting and relevant of science, “integrated accounting” are made possible by modern digital technology and tools of data analysis, forecasting. Methodology or a system of knowledge about the organization of accounting activities, in addition to scientific approaches, use development trends of the economic theory of the XX century, which explain the emergence of the digital economy and the expansion of the boundaries of Accounting and Russian accounting. Results. Broad use of integrated accounting and its acceptance for a basis of information support of enterprise management necessary in order to meet the new needs of stakeholders, to increase the competitiveness of enterprises and the country in a digital economy. The distribution integrated record will contribute to overcoming the country’s backwardness in the field of accounting and will accelerate the development of the digital economy. Outlook. The development of integrated accounting will not be too expensive for capital investments but will require improvement in the field of training. the author proposes a number of specific changes in education and training in the field of integrated accounting.

Introduction. The success and competitiveness of any enterprise are facilitated by the introduction of innovative approaches and continuous improvement of technological processes. In addition, it is not enough simply to modernize the equipment. A comprehensive approach to the optimization of technology, the organization of an effective management system and the building of a corporate culture is needed. Effective implementation of changes is often hampered by an aggressive external environment that can nullify any innovations and improvements. The Six Sigma methodology offers tools that timely identify the negative effects of external and internal factors and help to eliminate their negative impact. Methods. The study is based on statistical and econometric methods. The graphs of the control are used to estimate the deviation from the statistically stable state. Calculations were made using a software package for the processing of statistical data Minitab. Results. Six Sigma has tools for statistical control that allow determining the causes that divert the process from the state of equilibrium. To do this, it is necessary to monitor key indicators recorded on the control charts. The result of the use of control charts are signals indicating the appearance of negative factors. In this article, practical case studies show how statistical stability can be used to improve the stability and efficiency of processes by making timely and informed management decisions. Discussion. The concept of Six Sigma has been successfully used for many years by leading world companies. Possessing effective tools to reduce variability and improve quality, it is becoming more and more in demand in our country. The application of the Six Sigma approaches in process optimization in Russian enterprises helps to improve the competitiveness and quality of domestic products, which is especially relevant in the context of the import substitution policy.

Object. Modern Western European society to a large extent develops on the basis of theoretical views and practice of corporatism. The study of the origins of the theory and experience of corporate construction is important for understanding the features of the modern stage and the future development of the region. Corporatism, the new “corporate economy” in the national economic science has not yet become the subject of independent research. The purpose of the study is to determine the factors that contributed to the development of corporatist concepts, developed in the “neo-corporatism” theory, in the analysis of the historical experience of the use of corporatist practices, in the consideration of manifestations of this concept in the current thought and activities of Western European countries. Methodology. The study is based on the dialectical approach using historical-genetic, system-structural and historical-typological methods. Results. Corporatism organically combined religious and secular views. In the 1920s-1930s, a number of European States set the goal of building a corporate state. During this period, corporatism was seen as an alternative to Soviet socialism and Western European liberalism. In the middle of the twentieth-century interest in corporatism revived, there is a new “neo-corporatist” theoretical and practical reality. As history shows, Western Europe, corporatism is never left out of the political and economic life. Summary. Modern corporatism is not interested in the ideas of social Christianity, it is not associated with the ideology of fascist “corporatism”. Today, as an instrument of reconciliation of different social interests, it is organically integrated into the system of public administration, thus allowing balanced socio-economic policy, to have a positive impact on economic growth, to ensure a stable level of employment and income distribution. But this social model has shortcomings. In particular, it is unable to respond quickly and adequately to the need for structural adjustment of the economy, to increase requirements for management and labor. Negative aspects are the decrease in flexibility and openness towards innovation and the opacity of decision-making.

Subject. “Integrated management of sustainable development: methodological prerequisites and their practical realization” in a complex covers a set of problems in global tendencies of the modern world. Complex system disclosure of interrelation between various operating rooms and functional units and the capitals which the organization uses or on which she makes impact became an object of research on this subject. At the same time, connectivity and interdependence between various factors influencing the ability of the organization to create a cost for a long time are especially distinguished. The uniform information component of sustainable development is expressed in the international standards on drawing up the reporting in the field of sustainable development and The Integrated Reporting standard. Synthesis of such information and administrative decisions according to a hypothesis of a research predetermines opportunities and the directions of strategic development of the organization in close interrelation with external factors and conditions of global character. The purpose of the article is considerations of a control system in the synthesis of components of sustainable development and its reporting, the establishment of methodological unity that is necessary conditions for integrated strategic management of the organization and economy of regions. In article integrated, system approach in studying of a problem of sustainable development of regions of the country, methods of the group are used, the horizontal and vertical analysis of the compared indicators is carried out. The content of management of strategic stability of the organization on the basis of a wide range of the capitals and indicators predetermined by the international standards in the field of sustainable development and The Integrated Reporting standard reveals. Authors make recommendations on the example of the operating enterprises for the creation of the integrated system of management of sustainable development. Keeping and interrelation of types of the capitals in the management of sustainable development are considered. The integrated thinking as a basis of management of the interconnected types of the capitals which are contained in the reporting in the field of sustainable development reveals. An example of carrying out the analysis of separate indicators of sustainable development is reviewed.

Introduction, Purpose. The article considers the aspects of the Balance Mechanics developed in the middle of the XXth century by the German economist Wolfgang Stützel. Balance Mechanics aggregates all the interactions between the financial and real economic sectors. Since general orthodox neoclassical equilibrium DSGE models failed to predict the global financial crisis of 2007-2008, and due to their fundamental failure to simulate crisis situations in the economy, the post-Keynesian stock-flow consistent approach appears to be the main alternative in building macroeconomic models. Methods. A key feature of the SFC models is that they aggregate the full integration of real and financial sectors of the economy. These models use the system based on double-entry and four-entry accounting principles. Results. On the basis of the analysis of Stützel’s Balance Mechanics, it is possible to define some important concepts and terms, i. e. expenditure and revenue which influence the net value of financial assets of the economic agent; payments and revenue receipts which influence the volume of payment assets of the economic agent. It has been established that the total amount of all expenses shall be necessarily equal to the total income. Therefore, the total amount of financial savings (changes in the net financial value of assets) of all the economic agents in a closed economy (or world economy) always equals zero. The only way to provide the economy with savings is to increase the amount of non-financial assets, i. e. physical capital. Discussion. In accordance with Stüzel’s approach, the analysis of the macroeconomic paradoxes performed on the basis of neoclassical approach involves the “fallacious composition”, when the facts and assumptions which are true to an economic agent or a group of economic agents are fallaciously and unreasonably transferred to the whole aggregate of the economic agents.

Subject/Topic The object of study is the fundamental analysis of the Issuer’s securities. The subject of the research is to study possibility and necessity of introducing new directions and indicators for the fundamental analysis of the securities Issuer, in particular, credit institutions. Goals/objectives. The main purpose of the study is the analysis of new phenomena in the banking sector and identifying new indicators for the adequate analysis and their inclusion in sections of the fundamental analysis of the Issuer and of the investor securities. Methodology. The research methodology is the review of the existing situation in the Russian banking sector and new regulations and standards necessary for the calculation of new indicators of the credit organization as the Issuer and the investor securities. Conclusions and Relevance. Fundamental analysis of Russian credit organizations as issuers, major investors, and players in the organized securities market shall take into account ongoing changes in the external environment and legislation that will allow timely introduce new indicators of banking activities. In the article the basic directions and ways of development of certain new quantitative and qualitative indicators of fundamental analysis and their application in the Russian reality. Special attention is paid to indicators that are significantly changing in the future, 2019, with the introduction of new International financial reporting standard No. 9.

Relevance. The purpose of the article is to reveal and analyze some features of the structure and institutional forms of financing research and development in modern Germany, which belongs to the leading countries in the field of innovation. Modern science has proved that improving the competitiveness of both individual enterprises and countries as a whole is impossible without increasing the innovative component in economic development. In the new economic paradigm, scientific and technological progress, knowledge in general act as the main factors of economic growth. Within the framework of the concept “Strategy in the field of high technologies”, adopted in Germany in 2014, innovation policy is considered as the main component of the country’s economic policy, and its most important tasks are stimulating innovations in companies and in society as a whole. Methods. Based on the analysis of relevant publications of the EU, OECD, reports of German Federal agencies, articles by Russian authors on the organization and financing of R&D in the European Union and Germany, the authors show that the business sector is the main source of financing and the sphere of implementation of innovations. At the same time, not only large companies but also small businesses develop and implement innovations, thereby maintaining a high scientific and technical level of the economy. The article emphasizes the more active role of the state than it is in a number of other developed countries, The German state not only finances fundamental research in public and semi-public centers and universities, but also provides selective support to innovative developments in the private sector, including project financing. The authors stress that providing various kinds of support a special preference is given to innovation’s clusters and research networks, as well as regional development programs. Results. The study concluded that the characteristic feature of financing innovation in the private sector in Germany is the active interaction of large companies with banks on the basis of credit agreements. With regard to small business, its contribution to the country’s innovative development is constrained by the underdeveloped institution of venture capital financing. Prospects. The results of this study may be useful in the implementation of the strategy of innovative development of Russia and the development of measures of state support for innovative companies.