DRAFT
The concept note
on the project of working group
activity of the
ÇGlobal Collaborative Research
and DevelopmentÈ
Tatiana S. NOVIKOVA Ph.D., Dr.Sci.
March 26, 2007
The purpose: the
quantitative policy analysis of social and economic development in the Altai
Republic in view of global e-interrelations and interdependence on the basis of
economic-mathematical modeling and integrated system of research and training
with application of scientific researches results in an education system.
The mechanism of realization is the interaction of institutes of global
university system and leading universities and the academic institutes of
Novosibirsk and Moscow, that assumes realization of monitoring at Novosibirsk
state technical university (coordinator is Dr. T.S. Novikova, the head of the
finance and tax policy faculty).
Statement of the problem. The challenges of globalisation demand
the application of interdisciplinary and multilevel approaches to
decision-making, in particular, investment decisions. Methods of an estimation
of investment projects on a microeconomic level are not limited to narrow
frameworks of a commercial effectiveness and include as the major component the
analysis of public efficiency with quantitatively measured ecological, social and
other public effects. Realization of such approaches assumes a substantiation
of the necessary policy providing a mutually advantageous combination of
interests of various participants of projects and corresponding degree of
development of a civil society, in particular, of a transparency of
representation of the information on investment projects. In republic Altai the
urgent need in application of such wider methods of the quantitative policy
analysis arises for projects of construction of gas pipeline from Tomsk to
China, construction of hydroelectric dam, promotion of tourism. Development and
application of the mentioned above methods is an important component of
innovative education and the electronic learning, adequate to modern
requirements and new opportunities of the information infrastructure in
conditions of globalization.
Review of literature. A system of the methods is developed for
public estimations of projects and programs that is described by comparison of
expenses and benefits. A special term is introduced for these methods:
"the analysis of costs and benefits". They form one of the largest
sections of economy of the public sector that is connected with the applied
economic analysis. Methods of the analysis of costs and benefits have received
wide practical application for estimation of projects for the state and banks
of development, accordingly, mainly in public and a private sector. The second
direction was developed within the international organizations, first of all,
the World bank and UNIDO. Situation in developing countries have demanded
essential change and development of the traditional methods used for public
sector projects in the developed countries. As a result, in year 1970 a special
economic approach to the project analysis was generated. It is usually called
the modern analysis of costs and benefits [1]. Recently, the development of
corresponding methods in the European Union became more active [2].
Methodical recommendations regarding the
efficiency of investment projects, Ref. [3], is the basic official document that
regulates the project analysis in Russia, and determines opportunities of
application of the economic approach.
Recently, the methods of the analysis of public
efficiency of projects have been developed further in the Institute of economy
and organization of industrial production (IEOIP), Novosibirsk, for an
estimation of a few innovative megaprojects [4]. They were also applied here
for a complex of the interconnected innovative projects used for the estimation
of innovative potential of the Siberian Branch of the Russian Academy of
Science [5].
Methods of the estimation of commercial and
public efficiency of innovative projects have been put in a basis of
educational programs on investment activity in Novosibirsk state university,
the Siberian Academy of public service, and Novosibirsk state technical
university.
Methods of the quantitative policy analysis.
The quantitative estimation of
the project assumes the analysis of a complex of the interconnected parameters
based on calculation of two parameters of efficiency. The first parameter is
the commercial (financial) efficiency that considers benefits and expenses at
realization of the project for a set of private subjects (participants of the
project). The second parameter is the public (economic) efficiency tat
considers consequences of realization of the project from the point of view of
society as a whole. Distinction of commercial and public efficiency of the
project depends on tax, ecological and indirect effects. To obtain the
information about ecological, social, and indirect effects one needs to carry
out the interconnected calculations in different models on the basis of effective international partnerships.
The quantitative estimation of efficiency will
be carried out using the simulation models of investment projects with cash flows
corrected by mentioned above effects.
The positive net present value arising after realization of
the project and defined by the analysis of its efficiency, can be considered as
original "pie" which is divided between participants of the project,
providing corresponding efficiency of participation in the project. A
significant size of the net present value for all participants of the project means
that the offered scheme of financing provides interest of participants in its
successful realization. There are private participants of the project which
interests are considered as definition of a commercial effectiveness. In the
analysis of public efficiency cash flows of participants behind frameworks of
the project should be added. As a result of the project implementation the
mutually advantageous combination of various participants interests is
provided: private investors are interested in granting financial resources while
high social, ecological, and budgetary efficiency of the project is
simultaneously reached. The project implementation is based on the social
partnership mechanism for strategic perspective and coordinating activity for
its achievement.
Resources: how they will be used in the project
Novosibirsk state technical university (NSTU) is the largest university in Novosibirsk
and is one of the largest research and educational centers in Russia. The
University trains specialists in engineering, social-economic direction as well
as humanities. The University has long-standing traditions to pursue
fundamental and applied research in various directions of science and
engineering, in the field of higher education, increasing the quality if
education and training specialists. NSTU possesses significant innovative
potential, experience of the international innovative cooperation with
attraction of students and teachers to implementation of real innovative
projects that raises quality of educational process, promotes preparation of
experts of a high level.
On the faculty of the finance and tax policy
(head Dr. T.S. Novikova) the wide experience of teaching in the field of
investments and the finance within the frames of disciplines
"Investment", "Investment strategy", "Insurance",
and "Financing of innovations" is accumulated. In the scientific
research, experience of modeling of the investment projects is gained here that
is characterized by a combination of the analysis of commercial and public
efficiency and corresponding interaction of the finances of various
participants of projects. NSTU has a filial in Gorno-Altaisk (capital of
republic Altai). For this representation now the faculty begins the development of distance learning and telemedicine pilot
projects using broadband Internet technology in order to enhance their
teaching/learning capabilities.
Institute
of economy and organization of industrial production (IEOIP, Novosibirsk) is the leading institute
in Russia in the field of economic-mathematical modeling. The institute has
received popularity in the country and abroad and has won high reputation. The
main research directions in the institute include problems of the state
regional policy, territorial management and complex development of Siberia. In
the institute, an inter-branch model of global optimization and economic
interaction in the world economic was developed that uses the data of the
Leontiev's balance model of the world economic. In the project, IEIOPP is
considered as the base institute for carrying out the scientific research under
the management of corr. member of RAN, vice-director, prof. V.I. Suslov. It is
supposed to make use of the unique experience of development of two types of
models accumulated by the
institute: the inter-branch inter-regional models applied to forecasting of
territorial development of economy of Russia, and models of the investment
projects applied to an estimation of innovative potential of the Siberian
branch of the Russian Academy of Science.
Among practical measures of a state policy in
Russia the widest public resonance was received by the so-called megaprojects that
use significant volumes of budgetary financing and provide high parameters of
efficiency. Among innovative projects special interest for the project
"Global university system / Altai the World" present the project of
installations for recycling the oil gases that gives significant ecological
effects; the project of manufacture of medical products "IZODEKS",
characterized by high public efficiency of innovative products and technologies
in medicine; the project of ecological housing construction "ECODOM",
attractive to Altai from the point of view of harmonization of interaction with
an environment, energy saving, low expenses, and earthquake-resistant opportunities.
Stages of project realization.
1 stage. Carrying out imitation calculations that
account the ecological effects on an example of interaction of the investment
project model of manufacturing of installations on oil gases recycling
(Novosibirsk) and the global model (Washington, Arlington). Restoration of
business games "World Economic" and "Estimation of projects by
banks of development" with the subsequent introduction into educational
process in universities of Novosibirsk, and later – in the Altay
republic.
2 stage. The analysis of separate most
important problems for development of Republic Altai, including the civil-engineering project of the main
gas pump line Tomsk- Gorno Altaisk - China, civil-engineering project of the
Katun hydroelectric power station, development of the tourist complex,
providing the republic with modern Internet connection. Exchange of the turned
out methods and the saved up experience of the decision of interdisciplinary
problems with foreign experts in the field of the system analysis. Carrying out
videoconferences on discussion of separate problems.
3 stage. The analysis of strategic
opportunities of development of republic Altai on the basis of calculations on
a complex of the interconnected models of the project. From the Russian party
the complex includes inter-branch inter-regional model of economy of Russia, a
model of economy of republic Altai and models of various investment projects.
From the foreign party the complex includes global models of world development
with the detailed representation of ecological and social problems.
Introduction of results of scientific research
in an education system of republic Altai.
Needs for resources.
Connection to the broadband fast Internet for
participants of imitating calculations.
Maintenance of the necessary equipment for
carrying out of teleconferences.
Providing of researchers, teachers and students
by computers.
Wages of scientific employees, teachers and
translators.
Consumables and overheads.
Payment of participation in the international
conferences, including transport charges, travelling and living expenses, the
admission fee.
Literature
1.
Jenkins G.P.,
Harberger A.C. Cost-benefit Analysis of Investment Decisions. Manuel. - Queen's
University, Canada, 2001.
2.
A Guide to
Cost-Benefit Analysis of Investment Projects. - DG Regional Policy, European
Commission, 2000.
3.
Methodical
recommendations according to efficiency of investment projects (the second
edition). The official publication. M.: Economy, 2000.
4.
Novikova T.S.
Public efficiency analysis of investment projects. - Novosibirsk: IE OPP, 2005.
5.
Innovative
potential of a centre of science: methodological and methodical problems of
analysis and estimation / Ed. V.I.Suslov. - Novosibirsk: Nonparel, 2007.