nep-cis New Economics Papers
on Confederation of Independent States
Issue of 2013‒05‒19
four papers chosen by
Alexander Harin
Modern University for the Humanities

  1. Экономика: теория и реальность By Pyastolov, S.M.
  2. Social Networks and Labor Market Inequality between Ethnicities and Races By Ott Toomet; Marco van der Leij; Meredith Rolfe
  3. The Analysis of Technical Efficiency and Productivity Growth In The Former Soviet Union Countries For Two Periods By Ertugrul Deliktas
  4. The First Great Divergence and the Evolution of Cross-Country Income Inequality during the Last Millennium: the Role of Institutions and Culture By Jakob Madsen; Eric Yan

  1. By: Pyastolov, S.M.
    Abstract: The monograph and study materials present the concepts of modern economics. The essences of micro - , macroeconomic theories, economic sociology, institutional economics, and economic psychology are revealed on examples of real situations with regard of the experience of the Russian economy transformations. The regularities of the development of the world and national economies, of international economic relations are discussed.
    Keywords: Economy, institutes, economic psychology, Russian national economy, development
    JEL: A12 A2 A20 A3
    Date: 2013
  2. By: Ott Toomet (Tartu University); Marco van der Leij (University of Amsterdam); Meredith Rolfe (London School of Economics)
    Abstract: This paper analyzes the relationship between unexplained racial/ethnic wage differentials on the one hand and social network segregation, as measured by inbreeding homophily, on the other hand. Our analysis is based on both U.S. and Estonian surveys, supplemented with Estonian telephone communication data. In case of Estonia we consider the regional variation in economic performance of the Russian minority, and in the U.S. case we consider the regional variation in black-white differentials. Our analysis finds a strong relationship between the size of the differential and network segregation: regions with more segregated social networks exhibit larger unexplained wage gaps.
    Keywords: social networks, wage differential, homophily, segregation, race, minorities
    JEL: J71 J31 Z13
    Date: 2012–11–13
  3. By: Ertugrul Deliktas (Department of Economics, Ege University)
    Abstract: This study measures economic performances of the 15 transition economies for two periods: The Soviet Union period and transition period. These periods include data of countries for 1970-1989 and 1991-2005. It is known that centrally planned economies are mainly criticized for widespread economic inefficiency and low total factor productivity. Thus, in order to see how the efficiency levels and productivity growth of the former Soviet union countries have changed during the transition or market-based period, we analyze two periods by using Data Envelopment Analysis. The results of analysis indicate that, on average, technical efficiency has slightly increased, however, total factor productivity decreased due to technical regress over the transition period when compared to the era of Soviet union for 15 countries.
    Keywords: technical efficiency, total factor productivity, transition countries, Soviet union countries, data envelopment analysis
    Date: 2013–05
  4. By: Jakob Madsen; Eric Yan
    Abstract: Using a millennium of data for 12 countries in the East and in the West this paper tests the extent to which the three most influential hypotheses on growth and development can shed light on why some economies developed earlier than others and which factors were fundamental for the Great Divergence. These hypotheses are the contracting institutions, property right institutions, and culture. It is tested whether these theories influence growth through science and technology or human capital or channels that are independent of these two channels. It is found that culture, contracting institutions and property right institutions have all been relevant for growth and development.
    Keywords: the Great Divergence, culture, institutions
    JEL: O1 P16
    Date: 2013–05

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