Showing 1 - 10 of 17
This paper analyzes economic policies in resource rich countries and various mechanisms of resource curse leading to a potentially inefficient use of resources. Arguments are provided in favor of "conditional resource curse" hypothesis: resource abundance hampers growth if institutions of a...
Persistent link: https://www.econbiz.de/10008596373
The Russian labor market was characterized with three main features: a weak sensitivity of employment levels to changing conditions, a high variability of wage, large inter-firm flows of labor resources. This paper recommends a model of a collective firm explaining these phenomena. The main...
Persistent link: https://www.econbiz.de/10008633345
Transplantation of institutions is an important part of reforms in many developing and transition economies. However, principles and methods of transplantation are not developed and therefore many transplantation attempts failed. This is a case for numerous projects of accelerated building the...
Persistent link: https://www.econbiz.de/10008633354
The economic "battle" that took place in Russia in 1992 consisted of the struggle between the liberally-oriented government and the labor collectives, the latter of which regarded the government's reform program as an attempt to encroach upon the established system of collective property. The...
Persistent link: https://www.econbiz.de/10008633355
We develop a strategy for building mass mortgage financing in Russia based on the transplantation of a modified institution of Contractual Savings for Housing (CSH) and on the control upon its evolution. Rationality of the proposed decision is justified by analysis of mortgage institutions...
Persistent link: https://www.econbiz.de/10008560968
Sachs, Warner (1995) were among the first to claim that «resource curse» is real and that resource abundant economies do indeed grow more slowly than the others. Hundreds of papers were published since then supporting the «resource curse» thesis and offering new explanations of mechanisms...
Persistent link: https://www.econbiz.de/10008560976
The article considers alternative variants of strategy formation: "modernization from above" and an approach based on the interaction of "coalitions of interests". To use the advantages of both approaches, it is suggested that a system of interactive control of growth be designed. It should be...
Persistent link: https://www.econbiz.de/10008565965
We analyze the state of both economic science and economic education in Russia. The proposed approach to their integration implies transforming academic institutes into organizations, which conduct both research and educational activities.
Persistent link: https://www.econbiz.de/10008587852
In this paper we try to describe the main feature of Russian civic culture that could influence the outcome of the reform, initiated in 1992, and discuss channels through which the influence was realized. We begin with consideration of paternalism and what we call “habitual deviationism”,...
Persistent link: https://www.econbiz.de/10008543534
An attempt is made to define main problems of the privatization theory and to present a survey of some results in this area. Two models are discussed that demonstrate paradoxical consequences of property right restrictions and dynamics of property right redistribution which entails a...
Persistent link: https://www.econbiz.de/10008545964