The paper provides a framework for analysis of optimal growth enhancing policy in the economy with market and government failures. It develops an endogenous growth model with strategic complementarities between R&D investments of firms and investments in training of households. The model...

Using the data from a supplement to the 2009 RLMS - HSE, we aim to reveal what preferences and constraints determine the choice between formal and informal employment and between selfemployment and wage employment. We depart from the most commonly used approach that relates informality to the...

By using the Pontryagin maximum procedure the author has found an optimal dynamic rule for the distribution of labor, investment, and material resources between the sectors of the open three-sector economy according to the maximi-zation criterion of discounted marginal consumption

Russian Abstract: Исследование отвечает на вопрос о потенциальных рисках реализации прямых и косвенных условных обязательств и их влиянии на бюджетные и долговые...