Showing 1 - 10 of 332
Trade among the CMEA countries will soon be conducted at world prices and in convertible currencies. These are crucial steps in economic reform but will worsen Eastern Europe’s terms of trade and drive it into current account deficit with the USSR. Proposals have been made for a payments...
Persistent link: https://www.econbiz.de/10014395796
We test the extent to which growth in the 11 CIS countries (excluding Russia) was associated with developments in … Russia, overall, as well as through the trade, financial and remittance channels over the last decade or so. The results … point to the continued existence of economic links between the CIS countries and Russia, though these links may have altered …
Persistent link: https://www.econbiz.de/10014402216
This paper assesses the effect of constrained trade finance on trade flows in countries undergoing financial and balance of payments crises. Most of the countries that had a major crisis had a significant trade contraction, while trade-related finance declined sharply. However, trade may also be...
Persistent link: https://www.econbiz.de/10014404046
With China''s accession to the WTO in 2001, Russia is by far that organization''s most prominent nonmember. This paper … applies the gravity model to gauge whether this ""outsider"" status has been affecting Russia''s export structure. On the … the model''s predictions. The paper discusses possible explanations of this result, including Russia''s exclusion from …
Persistent link: https://www.econbiz.de/10014404162
The short answer: The size of the Russian State has not increased much in the last few years, but its economic footprint remains significant. Concretely, the state's size increased from about 32 percent of GDP in 2012 to 33 percent in 2016, not far from the EBRD's estimate of 35 percent for...
Persistent link: https://www.econbiz.de/10012009568
The health of the Russian economy still depends heavily on natural resource revenues. The history of the economic collapse and recovery in 1970–2004 provides new evidence on the sources of Russian economic growth, while a survey of the economic literature suggests that the Russian economy...
Persistent link: https://www.econbiz.de/10014404334
Russia, the Baltic states and the other countries of the former Soviet Union inherited health and education systems …
Persistent link: https://www.econbiz.de/10014395920
Although various factors point to a more arduous and longer transition in Russia than in Eastern Europe, the broad … Russia needs external financial assistance, it must be willing and able to pursue economic policies that ensure that the …
Persistent link: https://www.econbiz.de/10014396521
This paper discusses Russia’s balance of payments developments in recent years: the initial macroeconomic imbalances … and systemic shocks which set the stage for the critical balance of payments difficulties Russia faced in the early 1990s …; the lessons from the early phases of Russia’s economic reforms; the choices faced by the Russian Government and the …
Persistent link: https://www.econbiz.de/10014398091
This paper presents a general equilibrium model of interenterprise arrears, characterized by n-stage production technology with random productivity shocks. The model shows that large interenterprise arrears in transition economies may reflect substantial business risks in those countries and...
Persistent link: https://www.econbiz.de/10014398204