In December 2007, the Institute for the Economy in Transition (IET) carried out a survey of Russian industrial enterprises to identify their perceived constraints to successful economic development. Senior managers of enterprises were asked to answer 2 groups of questions and to assess: 1)...

In December 2007, the Institute for the Economy in Transition (IET) carried out a survey of Russian industrial enterprises to identify their perceived constraints to successful economic development. Senior managers of enterprises were asked to answer 2 groups of questions and to assess: 1)...

This paper presents an econometric model intended to explain fundamental cross-country differences in the quality of national economic institutions by using the set of economic, geographical, cultural and historical factors. Our key research hypothesis claims that bilateral trade may be working...

The paper examines ways to expand the contribution of the Armenian diaspora to Armenia’s long-term development agenda. It identifies factors that could explain the involvement and dynamics of a small group of entrepreneurs from the diaspora who have been active in and with Armenia. Based on...

This paper explores factors of economic decline in the small republican economies of the former USSR. It develops quantitative estimates of the costs of major transitional shocks for Armenia during the early transition, including the direct impact of terms of trade shock (price shock), direct...

The paper develops additional economic arguments to emphasize the potential importance of the Diasporas’ contribution to economic transformation of former socialist economies. At the same time, it argues that so far this potential has been grossly underutilized, especially in the economies of...

According to the Nigerian constitution, main public sector responsibilities are split across various government levels. Thus, no sole government could deliver radical improvements in service delivery on its own, which means that coordination and cooperation are pre-requisites. However, the...

This paper aims to develop a detailed analysis of quasi-fiscal deficits and subsidies, and their impact on Armenia’s fiscal performance in the second part of the 90-s. Based on the flow-of-funds approach, we estimate the magnitude of the quasi-fiscal deficits and the incidence of quasi-fiscal...

The paper deals with two issues. First, it focuses on the analysis of Armenia’s trade performance based on the utilization of standard statistical models and develops comparative estimates of this performance relative to the peer countries. The comparison is undertaken in terms of trade...

The paper documents how Nigeria’s public financial system stacks up against international standards, the better to see current institutions and their capacities in a wider perspective. It uses Public Expenditure and Financial Accountability (PEFA) framework for analysing the Nigeria's systems...