The declining labor share in national income and rising inequality over the last four decades raise questions about causes of these trends. In order to explain these trends, we develop theoretical model that links intra-industry distribution of wages to variation in market power of firms. The...

A standard neoclassical model of growth predicts convergence of income levels across countries and geographical regions. Recent empirical evidence, however, has shown that the gap between rich and poor countries has increased over the last thirty years. One of the key regularities that are at...

Arguably, the Commonwealth of Independent States (CIS) countries are not as integrated into the world markets as the EU countries or South-East Asian countries. Trade flows of the CIS countries are not well diversified both in terms of trading partners as well as in terms of composition of...

What is the structure of the Most-Favored Nation (MFN) tariff of Russia? How has it been changing over time? What are the sectors in which tariffs are high or low? How diverse is the tariff structure of Russia? Surprisingly, these questions have not been answered to date due to a lack of data...

The declining labor share in national income and rising inequality over the last four decades raise questions about causes of these trends. In order to explain these trends, we develop a theoretical model that links intra-industry distribution of wages to variation in market power of firms. The...