Reform with Unaccounted Uncertainty (Review of the Monograph: ‘The Reform of Rail Transport: Critical Analysis and the Problem of Estimating Efficiency’)

The present work is a review of a monograph ‘The Reform of Rail Transport: critical analysis and the problem of estimating efficiency’ by Kibalov E.B. and Kin A.A., published by Institute of Economics and Industrial Engineering, Siberian Branch of RAS in 2017. The unquestionable merit of the monogra...

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Main Author: Anna Borisovna Bardal
Format: Article
Language:Russian
Published: Economic Research Institute of the Far East Branch of the Russian Academy of Sciences 2018-06-01
Series:Prostranstvennaâ Èkonomika
Subjects:
Online Access:http://www.spatial-economics.com/images/spatial-econimics/2018_2/SE.2018.2.170-183.Bardal.pdf
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author Anna Borisovna Bardal
author_facet Anna Borisovna Bardal
author_sort Anna Borisovna Bardal
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description The present work is a review of a monograph ‘The Reform of Rail Transport: critical analysis and the problem of estimating efficiency’ by Kibalov E.B. and Kin A.A., published by Institute of Economics and Industrial Engineering, Siberian Branch of RAS in 2017. The unquestionable merit of the monograph is an original author approach of complex application of decision theory methods, applied systems analysis, model apparatus of investment analysis, economic sociology, and economic publication, to one research task – studying the results of the rail transport reform in Russia. It is viewed by the authors as a large-scale institutional project with an investment component. The analysis of reform process and its results leads the authors to a conclusion about fundamental problem: not accounting for the uncertainty factor. The monograph formulates the authors’ concept of assessment of large-scale projects (institutional and investment) in uncertain situations and offers complex methods of their appraisal, including econometrical modeling and expert interviews. The main content is presented in five parts. The indisputable advantage of the monograph is the continuity with the previous works of the authors and the application of several decades’ worth of research results
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spelling doaj.art-a2a08fc1458a46ed858a6cfd431af8ae2022-12-22T00:36:21ZrusEconomic Research Institute of the Far East Branch of the Russian Academy of SciencesProstranstvennaâ Èkonomika1815-98342587-59572018-06-01217018310.14530/se.2018.2.170-183Reform with Unaccounted Uncertainty (Review of the Monograph: ‘The Reform of Rail Transport: Critical Analysis and the Problem of Estimating Efficiency’)Anna Borisovna Bardal0Economic Research Institute FEB RASThe present work is a review of a monograph ‘The Reform of Rail Transport: critical analysis and the problem of estimating efficiency’ by Kibalov E.B. and Kin A.A., published by Institute of Economics and Industrial Engineering, Siberian Branch of RAS in 2017. The unquestionable merit of the monograph is an original author approach of complex application of decision theory methods, applied systems analysis, model apparatus of investment analysis, economic sociology, and economic publication, to one research task – studying the results of the rail transport reform in Russia. It is viewed by the authors as a large-scale institutional project with an investment component. The analysis of reform process and its results leads the authors to a conclusion about fundamental problem: not accounting for the uncertainty factor. The monograph formulates the authors’ concept of assessment of large-scale projects (institutional and investment) in uncertain situations and offers complex methods of their appraisal, including econometrical modeling and expert interviews. The main content is presented in five parts. The indisputable advantage of the monograph is the continuity with the previous works of the authors and the application of several decades’ worth of research resultshttp://www.spatial-economics.com/images/spatial-econimics/2018_2/SE.2018.2.170-183.Bardal.pdfrail transportreformuncertainty factorrisksRussia
spellingShingle Anna Borisovna Bardal
Reform with Unaccounted Uncertainty (Review of the Monograph: ‘The Reform of Rail Transport: Critical Analysis and the Problem of Estimating Efficiency’)
Prostranstvennaâ Èkonomika
rail transport
reform
uncertainty factor
risks
Russia
title Reform with Unaccounted Uncertainty (Review of the Monograph: ‘The Reform of Rail Transport: Critical Analysis and the Problem of Estimating Efficiency’)
title_full Reform with Unaccounted Uncertainty (Review of the Monograph: ‘The Reform of Rail Transport: Critical Analysis and the Problem of Estimating Efficiency’)
title_fullStr Reform with Unaccounted Uncertainty (Review of the Monograph: ‘The Reform of Rail Transport: Critical Analysis and the Problem of Estimating Efficiency’)
title_full_unstemmed Reform with Unaccounted Uncertainty (Review of the Monograph: ‘The Reform of Rail Transport: Critical Analysis and the Problem of Estimating Efficiency’)
title_short Reform with Unaccounted Uncertainty (Review of the Monograph: ‘The Reform of Rail Transport: Critical Analysis and the Problem of Estimating Efficiency’)
title_sort reform with unaccounted uncertainty review of the monograph the reform of rail transport critical analysis and the problem of estimating efficiency
topic rail transport
reform
uncertainty factor
risks
Russia
url http://www.spatial-economics.com/images/spatial-econimics/2018_2/SE.2018.2.170-183.Bardal.pdf
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