Vol. 12 No. 3 (2017)

The first article in the present issue is written by E.V. Popov and O.S. Sukharev. The article is dedicated to the memory of the Noble laureate in economy Douglas North and presents a comprehensive discussion about institutional factors of economic changes. The present work substantiates the importance to develop institutional macro-economy as a separate branch of science. Further in the issue the peculiarities of social entrepreneurship and gender economy have been revealed from the view point of institutional economic theory. The transformation trend of fiscal and monetary regulations of open economic systems has been defined on the globalization analysis basis.

The determinants of direct foreign investments to the regions of the Russian Federation have been revealed using the tools of economic-mathematical modelling. Also in the issue the scenarios for Russian petrochemical industry development under sanctions have been substantiated on the Bayesian approach basis. The motor petrol market has been forecasted.

A wide range of issues, that are important for towns, have been discussed in the regional study scale. The key strategy trends to implement social and economic potential of towns have been proven.

The practical results of quality management system implementation at Russian industrial enterprises have been presented. A conceptual approach to form the present system has been suggested on the basis of the process method in management. Also in the issue there is a research devoted to the development of multi-criteria scale for the selection of employees in a personal reserve. The scale describes the peculiarities of the activity of employees at scientific-research institutes.

The last article in the issue presents and approves a multifactor model for the analysis of financial stability of sanatorium-and-spa institutions in the case study of the Bol’shaya Yalta enterprises. The model has been developed on the basis of the modification of «DuPont» model.