nep-cis New Economics Papers
on Confederation of Independent States
Issue of 2010‒03‒20
five papers chosen by
Koen Schoors
Ghent University

  1. Structural Analysis of Fertility in Russia By Dmitriev, Mikhail
  2. Pure Profit for Russia: Benefits of Responsible Finance By Gerasimchuk, Ivetta; Ilyumzhinova, Kamila; Schorn, Alistair; Kraft, Georg; Smith, Kevin; Lottmann, Juergen; Eckstein, Mark; Khmeleva, Ekaterina; Perelet, Renat; Shvarts, Evgeny
  3. Worker Displacement in Russia and Ukraine: A Comparative Analysis Using Micro Data By Hartmut Lehmann; Alexander Muravyev; Norberto Pignatti; Anzelika Zaiceva
  4. Fertility. Abortion. Contraception. Demographic situation in Russia in 1994-2003. By Dmitriev, Mikhail
  5. The Role of Informal Institutions in Corporate Governance: Brazil, Russia, India and China Compared By Saul Estrin; Martha Prevezer

  1. By: Dmitriev, Mikhail
    Abstract: This is one of the first effort to make structural estimation of fertility in Russia.Normal distribution of random individual effect and extreme value distribution of the error are assumed.
    Keywords: Dynamic Discrete Choice Estimation;Fertility; Demography; Russia
    JEL: J13
    Date: 2009–11
  2. By: Gerasimchuk, Ivetta; Ilyumzhinova, Kamila; Schorn, Alistair; Kraft, Georg; Smith, Kevin; Lottmann, Juergen; Eckstein, Mark; Khmeleva, Ekaterina; Perelet, Renat; Shvarts, Evgeny
    Abstract: The purpose of this report is to serve as a post financial crisis handbook that will help both financiers and environmentalists in Russia to cooperate in establishing a ‘greener’ and less risky financial system in a similar manner to which this process is underway in other emerging markets such as China, Brazil and South Africa. The report provides an overview of the evolution of international mechanisms of environmental and social responsibility in the global financial sector, quantifies the scope of exposure of foreign and Russian financial institutions to environment-intensive sectors of the Russian economy, and concludes with recommendations regarding actions that might be implemented by both the Russian government and domestic financial institutions. The report has been prepared within the framework of the project ‘Integration of Environmental and Social Safeguards, Standards and Processes and the Climate Change Agenda in the Russian Finance Sector’ implemented by WWF-Russia and WWF-Germany with the financial assistance of the Federal Agency for the Environment (Umweltbundesamt/UBA) under the German Federal Ministry for the Environment, Nature Conservation and Nuclear Safety (BMU), and with the support of the Russian Ministry of Natural Resources and Ecology, European Bank for Reconstruction and Development (EBRD), in collaboration with the Equator Principles Outreach Group for Russia.
    Keywords: responsible investment; sustainable finance; emerging markets; ESG; SRI; CSR
    JEL: G11 Q56 P28
    Date: 2009–12–02
  3. By: Hartmut Lehmann; Alexander Muravyev; Norberto Pignatti; Anzelika Zaiceva
    Abstract: Using unique data from a supplement to the RLMS on displaced workers in Russia and from the Ukrainian Longitudinal Monitoring Survey (ULMS) we analyze and provide the first solid evidence on displacement in Russia and Ukraine in a period of growth. Our estimates establish that quits dominate separations but that displacement rates are clearly not negligible amounting to between 2.5 and 3 percent of employment in Russia and between 2 and 5 percent in Ukraine. We also show that displacements are not random. Results that are valid across both countries demonstrate that unskilled and less educated workers are more affected as are workers in the agricultural sector. In countries like Russia and Ukraine where unemployment benefits are not generous or non-existent for the average worker long spells of non-employment can impose large monetary costs on workers. Presenting cumulative return rates for job movers we point to these costs by highlighting the fact that there is a very sizable privileged group of displaced workers who finds a new job within a very short time while the majority has difficulty in finding new employment. It is this group (larger in Ukraine than in Russia), which is not so rapidly absorbed by the labor market, that should be the target of social policy intervention by the Russian and Ukrainian governments.
    Date: 2010
  4. By: Dmitriev, Mikhail
    Abstract: In this paper author reveals some evidence on pattern of contraception and fertility in Russia. Contrary to common sense it turns out that women that follow very cautios contraceptive strategy make abortion very rarely. Author offers analytical devices to deal with thats issues.
    Keywords: Fertility; Abortion; Contraception; Russia
    JEL: J13
    Date: 2010–02
  5. By: Saul Estrin; Martha Prevezer
    Abstract: This paper argues that the role of informal institutions is central to understanding the functioning of corporate governance. We focus on the four largest emerging markets; Brazil, Russia India and China – commonly referred to as the BRIC countries. Our analysis is based on the Helmke and Levitsky framework of informal institutions and focuses on two related aspects of corporate governance: firm ownership structures and property rights; and the relationship between firms and external investors. We argue that for China and some states of India, ‘substitutive’ informal institutions, whereby informal institutions substitute for and replace ineffective formal institutions, are critical in creating corporate governance leading to positive domestic and foreign investment. In contrast, Russia is characterized by ‘competing’ informal institutions whereby various informal mechanisms of corporate governance associated with corruption and clientelism undermine the functioning of reasonably well set-out formal institutions relating to shareholder rights and relations with investors. Finally Brazil is characterized by ‘accommodating’ informal institutions which get round the effectively enforced but restrictive formal institutions and reconcile varying objectives that are held between actors in formal and informal institutions.
    Keywords: institutions (informal and formal), corporate governance, shareholder rights, suppliers of finance, emerging markets
    Date: 2010–03

This nep-cis issue is ©2010 by Koen Schoors. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
General information on the NEP project can be found at For comments please write to the director of NEP, Marco Novarese at <>. Put “NEP” in the subject, otherwise your mail may be rejected.
NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.