nep-cis New Economics Papers
on Confederation of Independent States
Issue of 2010‒06‒11
four papers chosen by
Koen Schoors
Ghent University

  1. Twenty Years Later and the Socialist Heritage is still Kicking: the Case of Russia By Ofer, Gur
  2. The spatial diffusion of social conformity: the case of voting participation By Coleman, Stephen
  3. After the Financial Crisis: Achieving the Millennium Development Goals in Europe, the Caucasus and Central Asia By Robert Shelburne; Claudia Trentini
  4. Эволюция банков в Х- и Y-экономиках By Kirdina, Svetlana; Vernikov, Andrei

  1. By: Ofer, Gur
    Abstract: Only recently, 20 years after transition to a market system, has Russia regained a similar production level it had achieved on the eve of transition in 1991. This may sound surprising, given its low productivity under central planning which dropped even l
    Keywords: transition, institutions, Russia, economic growth, human capital, higher
    Date: 2010
  2. By: Coleman, Stephen
    Abstract: Social interaction combined with social conformity spreads attitudes and behaviors through a society. This paper examines such a process geographically for compliance with the norm that good citizens should vote. The diffusion of conformist behavior affects the local degree of conformity with the norm and produces highly specific and predictable patterns of behavior across a country. These are demonstrated with qualitative and quantitative spatial analysis of voter turnout in the United States and Russia.
    Keywords: social conformity; norm compliance; voting; spatial analysis; United States; Russia; mathematical model; diffusion
    JEL: Z13 C31 D72
    Date: 2010–06–03
  3. By: Robert Shelburne (United Nations Economic Commission for Europe); Claudia Trentini (United Nations Economic Commission for Europe)
    Abstract: The Pan-European Region made significant progress from 1995 to 2007 in improving the economic, social, environmental and health indicators incorporated into the Millennium Development Goals (MDGs). However, given the huge set-backs associated with the transition recession in the early 1990s and the more recent economic declines from the global financial crisis, achievement of some of the MDGs in a significant number of countries by 2015 is now problematic. The degree to which the actual targets can be achieved by 2015 will depend critically on: (i) the speed of recovery from the current crisis and the policy responses to it; (ii) the commitment by national governments to focus resources on the MDG objectives and their willingness to implement new policy initiatives, and (iii) the level of foreign assistance and regional cooperation that can be obtained. The EU new Member States (NMS) are most likely to meet the MDGs, while the prospects for the other European emerging economies are more mixed, especially for MDGs related to poverty and health. All of the Pan-European economies are falling short in terms of achieving environmental sustainability and gender equality.
    Keywords: millennium development goals, economic development, Europe, financial crisis, transition economies, CIS, Russia, caucasus, central Asia, health, education, environmental sustainability, gender, HIV, AIDS, Tuberculosis, trade,
    JEL: O10 O52 P20 P27 P36 I10 I20 I30 F02 J40
    Date: 2010–04
  4. By: Kirdina, Svetlana; Vernikov, Andrei
    Abstract: We compare banking in economic systems of different type, namely X-type (redistributive economy) and Y-type (market economy). In an X-type economic system banking has a peculiar institutional design and is organized “top-down”, whereas in a Y-type market economy we see a “bottom-up model” of banking system. We suggest that in countries where X-type economy prevails the private banking activity is merely a complementary institution to centralized finance and credit allocation. We test this hypothesis with historical and contemporary evidence from Russia as well as from China. Russia’s experiment with bank de-nationalization did not produce a well functioning system of privately owned banks. Current trends in the Russian banking may be deemed consistent with the direction of evolution of economic institutions in the country including broader state ownership on core industrial assets. The share of state-controlled banks keeps growing to have reached 54 percent of total banking assets. We conclude that the complex and uncoordinated nature of change in Russian banking reflects a search for a better balance between redistributive and market instruments and an institutional model of banking that would fit this country more organically.
    Keywords: Institutions; institutional matrix; Russia; banks; redistribution; state
    JEL: B40 G21 P50
    Date: 2010–05

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