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Managing Uncertainty : Hierarchies, Markets and 'Networks' in the Russian Timber Industry - 1991-1998
Lehmbruch, Barbara - 2009
The paper investigates institutional development in the Russian forestry sector after 1991. As it argues, while there has been a great degree of decentralization, original market-oriented reform blueprints for the industry were only partially implemented. The reasons for this can be found...
Persistent link: https://www.econbiz.de/10014048334
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International Linkage of the Russian Market and the Russian Financial Crisis : A Multivariate GARCH Analysis
Saleem, Kashif - 2008
transmission of the Russia's 1998 financial crisis utilizing the GARCH-BEKK model proposed by Engle and Kroner (1995). We find …
Persistent link: https://www.econbiz.de/10014217287
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Black Cash Tax Evasion in Russia : Its Forms, Incentives and Consequences at Firm Level
Yakovlev, Andrei A. - 2007
This paper discusses Russia's "black cash" economy. Using interviews and survey data, we examine the mechanics of …
Persistent link: https://www.econbiz.de/10014223981
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Currency Crisis Theories - Some Explanations for the Russian Case
Komulainen, Tuomas - 2007
The paper examines currency crisis theories and applies them in searching for the main causes of the Russian crisis. We first study the determination of the exchange rate and then the first and second generation theories on currency crisis and finally the recent theoretical discussions of the...
Persistent link: https://www.econbiz.de/10014223985
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Employment - Wage Decisions in the Insider-Owned Firm
Polterovich, Victor - 2007
The paper is intended to explain low sensitivity of employment decisions observed in transition economies where insider ownership prevails and capital markets are not highly developed. We introduce a stability concept for employment levels of a labor-managed firm and prove that there exists a...
Persistent link: https://www.econbiz.de/10014223986
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International Investors, Contagion and the Russian Crisis
Medvedev, Alexei - 2007
The paper provides detailed empirical assessment of the role of non-residents in the development of Rus-sian financial crisis in 1997-1998. It is established that non-residents behaved differently during the pe-riod of crisis and significantly contributed to the collapse of the state bonds...
Persistent link: https://www.econbiz.de/10014224025
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Federal State Shareholdings in Russian Companies : Origin, Forms and Consequences for Enterprise Perfomance
Muravyev, Alexander - 2007
This paper studies the impact of federal state shareholdings on the performance of Russian companies. It differs from most similar studies in two respects. Firstly, it focuses on mixed ownership companies rather than conventional state enterprises. Secondly, it distinguishes between several...
Persistent link: https://www.econbiz.de/10014224058
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The Role of Oil Prices and the Real Exchange Rate in Russia's Economy
Rautava, Jouko - 2007
Most people seem to think that Russia's economy and fiscal situation are still crucially tied up with international oil … Russia's economy and fiscal policy is analysed using VAR methodology and cointegration techniques. The research period … statistics do not indicate that Russia's dependence on oil and the real exchange rate would somehow have weakened in recent years …
Persistent link: https://www.econbiz.de/10014224062
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An Empirical Note on Growth and Convergence Across Russian Regions
Solanko, Laura - 2007
This empirical note uses publicly available Goskomstat data to investigate income growth and convergence across Russian regions. Using data for 1992-2001, we find strong sigma divergence simultaneously with beta convergence. he results indicate that per capita income in Russian regions may be...
Persistent link: https://www.econbiz.de/10014224094
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Trade Specialisation Patterns : The Case of Russia
Algieri, Bernardina - 2007
This paper considers trade specialisation in Russia, examining changes in trade patterns at the sectoral level over the … Russia's exports (specialisation in resource-intensive products) supports the index analysis …
Persistent link: https://www.econbiz.de/10014224104