nep-cis New Economics Papers
on Confederation of Independent States
Issue of 2014‒06‒07
two papers chosen by
Alexander Harin
Modern University for the Humanities

  1. Economic Ideas and Institutional Change: The Case of the Russian Stabilisation Fund By Ewa Dabrowska; Joachim Zweynert
  2. Cointegration of Baltic Stock Markets in the Financial Tsunami: Empirical Evidence By Omar Masood; Mondher Bellalah; Sahil Chaudhary; Walid Mansour; Frederic Teulon

  1. By: Ewa Dabrowska (University of Erfurt, Hamburg Institute of International Economics); Joachim Zweynert
    Abstract: An intense discussion is taking place in International Political Economy on the influence of economic ideas on institutional change. Case studies so far have, however, mainly focused on the Western industrialised countries and research seems to be biased towards cases in which new ideas caused lasting institutional change. The present paper addresses these two shortcomings by analysing the case of the Russian Stabilisation Fund (SF). This case is an example both of the impact of global ideas on a non-Western emerging country and of a ‘near miss’ in the sense that imported neo-liberal ideas failed to assert themselves enduringly. Paradoxically, it can be shown how the neo-liberally based idea of the SF even contributed to the return to Soviet patterns of industrial policy. The main reason for this, we argue, is that the Fund’s implementation was not preceded by economic and political debates. Accordingly, the imported institution of the SF had to be filled with ideational content after its implementation.
    Keywords: Ideas and institutions, institutional transfer, policy-learning, Russia, stabilisation fund, bricolage
    JEL: B52 P28 Q33
    Date: 2014–04
  2. By: Omar Masood; Mondher Bellalah; Sahil Chaudhary; Walid Mansour; Frederic Teulon
    Keywords: baltic countries,Cointegration,comovements,stock markets
    JEL: C15 C32
    Date: 2014–06–02

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