In the context of limitation of government expenditures, efficiency of their spending should be improved. The quality of budget governance can be improved by using a comprehensive approach only that will help to cover the broadest range of the applied regulating tools and to align their...

How to import modern Western Institutions to suppress economic growth in underdeveloped countries? Russian experience and some warnings for newcoming reformers The monograph «Institutional Constraints on Modern Economic Growth" deals with the most dangerous obstacles standing in the way of long...

In this paper we explore current understandings of the influence of political rights, among historical legacies, on economic development. We construct variables for selected political regimes for 1811-2010. We find significant association between individual rights and economic growth. We argue...

Can the absence of freedom of speech, a monopolized media market, and a politicized education create obstacles which will stand in the way of economic growth? The answer is an unambiguous Yes, and substantially. Partial, biased, or heteronomous mass media and an education turned into a...

The past year was transitional from the crisis period to a normal development. Russia’s GDP increased 4% in 2010. GDP and industrial production nearly recovered by the end of 2010, reaching 97-99% of the values recorded in September 2008, as estimated by Rosstat. These values show that as...

In this paper we tested the hypothesis of the "political" basis for the "economic" rights. We constructed our own variables of political regimes' classification for years 1820-2000. We found significant positive interdependencies between the Democracy's indicators and Economic Growth. Protection...

If the authorities have the opportunity to receive incomes uncontrolled by society, this gives them great freedom of action. Such incomes do not depend on the quality of the public goods delivered, nor on the investment climate. Given a certain minimal level of organization, taxpayers can try to...

This research is devoted to political and economic aspects of closed democracy institutions afoot. The book describes basic approaches to contrastive analysis in this field, typical problems that cause deviations in democratic institutional system’s development and major conditions and ways to...

The 2008 military and economic processes in RF have found themselves affected by changes in the nation’s military and political leadership – the new Supreme Commander-in-Chief, new faces on key positions in the Ministry of Defense and the General Staff of the Armed Forces of the Russian...

This paper deals with Russia's economic policy in 2009. The author speaks about institutional stability as the main outcome of the crisis year. He provides specific features of the anti-crisis policy and outlines Russia's anti-crisis policy. The priorities of Russia's economic policy during the...