Inheritance and gift taxation vary widely among countries in both the design and tax burden. We analyze the impact of a series of factors, such as the country's affluence, political preferences, preferences for equity, aging ratio, fiscal standing of the state, and the country's size, on...

This paper analyses how farm access to credit affects farm input allocation and farm efficiency in the CEE transition countries. Drawing on a unique farm level panel data with 37,409 observations and employing a matching estimator we are able to control for the key source of endogeneity –...

This paper examines how including latent variables can benefit propensity score matching. A researcher can estimate, based on theoretical presumptions, the latent variable from the observed manifest variables and can use this estimate in propensity score matching. This paper demonstrates the...

Contingent valuation method was used in this study to elicit willingness to pay for risk reduction of dying because of cardiovascular or respiratory diseases. The survey was conducted on a sample of 408 citizens of Warsaw between 50 and 80 years of age. Obtained results did not pass external...

Using choice experiment, this paper investigates how Belarusian citizens value planned Zvanets mire protection programmes. Two approaches are used to analyze ignored attributes: a debriefing question, and estimating parameters at the individual level. We have found inconsistencies between...

We look at perspectives of nature protection in a wetland of international importance in South-Western part of Belarus. The region is economically depressed, which may prove to be a factor in local conservation initiatives. A theoretical model is developed to identify conditions for the local...

Studies of self-employment determinants in developed market economies comprise the effects of business cycle, changing social structures or legal framework, industrial organization regulations and government policies. This paper contributes to the literature by analysing the cyclical patterns of...

Modeling of financial markets volatility is one of the most significant issues of contemporary finance, especially with regard to analyzing high-frequency data. Accurate quantification and forecast of volatility are of immense importance in risk management (VaR models, stress testing and...

This paper reviews the literature on the labour market institutions in European Union Member States in the context of monetary integration. Traditionally, labour markets are a key concept in the optimal currency area theory, playing the role of the only accommodation mechanism of asymmetric...

This paper approaches the problem of inequalities in China. It is specifically focused on analyzing the effects of intra-provincial disparities on provincial economic development. Rising inequalities have been widely discussed in the literature on the examples of fast growing developing...