Showing 1 - 10 of 142
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/10005771103
This paper examines two regions of the Russian Federation, Novgorod and Pskov, to compare how differences in economic policy affect economic development. Despite common histories, geography and natural resources, Novgorod committed early on to policies that would attract foreign investments in...
Persistent link: https://www.econbiz.de/10005771108
In this paper, we assess whether recent economic developments in Russia are symptomatic of Dutch Disease. We first … growth; and (4) higher overall wages. We test these predictions for Russia while carefully controlling for other factors that … could have led to similar symptoms. We con-clude that, while Russia has all of the symptoms, the diagnosis of Dutch Disease …
Persistent link: https://www.econbiz.de/10005771109
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/10012148391
This study considers the pervasive tax evasion of transition economies, with particular reference to Russia's tax …
Persistent link: https://www.econbiz.de/10012148392
This paper discusses Russia's "black cash" economy.Using interviews and survey data, we examine the mechanics of …
Persistent link: https://www.econbiz.de/10012148393
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 largely...
Persistent link: https://www.econbiz.de/10012148394
This paper examines two regions of the Russian Federation, Novgorod and Pskov, to compare how differences in economic policy affect economic development.Despite common histories, geography and natural resources, Novgorod committed early on to policies that would attract foreign investments in...
Persistent link: https://www.econbiz.de/10012148412
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 types...
Persistent link: https://www.econbiz.de/10012148441
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/10012148454