Recent approaches in unit root testing have taken into account the influences of initial condition, trend, and breaks in data using pre-testing and union of rejection testing strategies based on obtained information. This paper proposes an extension of the Harvey et al. (2012b) approach to...

In the paper the authors examine not cyclic fluctuations in the growth rate of Russia’s GDP but fluctuations associated with changes in world oil prices

The analysis of events of the First Intifada focused on the question of how well founded the decisions made at the time were to introduce radical changes in the terror-fighting strategy. Most sources treat the process at Oslo as an outgrowth of Israel’s inability to suppress the Arab riots. We...

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...

Advocates of the war against discrimination and affirmative action claim it is necessary to set up additional regulatory procedures that will defend interests of minorities who, previously, were not given enough chances to succeed. Because there is no set definition of a minority who suffered...

Modern approaches to immigration policies in most developed countries make the problems of adaptation for new arrivals more severe. Protracted failure to adapt among immigrants (and even of their descendants) turns into recurrent problems vis-a-vis the law, and even extends into large scale...

Fiscal gap is an indicator of long run sustainability of government finance. It is used for assessment of the extent to which current fiscal policy is able to keep government budget solvent in the longer period. Fiscal gap is derived from intertemporal budget constraint which connects flows of...

In the paper we provide short review of the main Israeli parties' positions on the key issues. The set of "key issues" is our choice and contains Judicial (legal system) reform, Judea and Samaria status, 2nd amendment right and self-defense, Taxation / spending etc. We provide formal...

In this paper we extend the stationarity test proposed by Kurozumi and Tanaka (2010) for reducing size distortion with one structural break. We find the bias up to the order of 1/T for four types of models containing structural breaks. The simulations on finite samples show a reduction of size...

In this paper we extend the stationarity test proposed by Kurozumi and Tanaka (2010) for reducing size distortion with one structural break. We find the bias up to the order of 1/T for four types of models containing structural breaks. The simulations on finite samples show a reduction of size...