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on Confederation of Independent States |
| By: | Amar Iqbal ANWAR; Mazhar Yasin MUGHAL |
| Abstract: | Why do Russian firms invest abroad? A firm level analysis |
| Date: | 2014–09 |
| URL: | http://d.repec.org/n?u=RePEc:tac:wpaper:2014-2015_1&r=cis |
| By: | A. V. Leonidov; E. L. Rumyantsev |
| Abstract: | A model of contagion propagation in the Russian interbank market based on the real data is developed. |
| Date: | 2014–09 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:1409.1071&r=cis |
| By: | Yulia Vymyatnina; Mikhail Pakhnin |
| Abstract: | The global financial crisis of 2007–2008, consequences of which continue to adversely affect the world economy, is often called a ‘Minsky crisis’. A prominent American economist Hyman Philip Minsky studied capitalist economic system paying special attention to its major properties, in particular, instability and high importance of money. He developed a consistent way to explain the nature of economic crises, which, according to him, are generated through financial mechanisms. Minsky’s financial instability hypothesis states that the fragility of financial system increases in periods of booms and thus crises arise from the very structure of business cycles. In this paper we give a short review of Minsky’s ideas and show that the last financial crisis could be persuasively explained in the framework of financial instability hypothesis. Moreover, we provide the extension of Minsky’s hypothesis and apply his insights to the ‘state-dominated economies’. Interesting and vivid examples of such economies are modern Russian economy (characterized by weak institutions, resource curse and dominance of state-related companies in the financial as well as non-financial sectors) and planned economy of the Soviet Union. We analyze the financial crisis 2008–2009 in Russia and the breakdown of the USSR and argue that these events could be interpreted along Minsky’s line of argument. |
| Keywords: | Hyman Minsky, financial crisis, financial instability hypothesis, endogenous money, planned economies, fall of the USSR, theory of money, business cycles, Minsky moment |
| JEL: | B50 E12 E32 E42 E44 E5 E60 G01 P2 |
| Date: | 2014–08–22 |
| URL: | http://d.repec.org/n?u=RePEc:eus:wpaper:ec0314&r=cis |
| By: | Valery Tabakov |
| Abstract: | There are identified indicators of availability a non-market relations in the sphere of labor market in Ukraine. It is concluded that illegal tax money paid by legally working in Ukraine, as insurance premiums in the event of unemployment. It is concluded that increased pressure from the government on labor market regulators Ukraine established on a parity basis. There are formulated recommendations for the implementation of the principle of a free market economy in the regulation of the labor market of Ukraine. |
| Date: | 2014–09 |
| URL: | http://d.repec.org/n?u=RePEc:arx:papers:1409.4387&r=cis |
| By: | Dmitry Edelev (Modern trading "North-South" Department - Moscow State University of Food Production); Natalia Mayorova (Modern tradng "North-South" Department - Moscow State University of Food Production) |
| Abstract: | The article is devoted to the research of a problem of population's differentiation by levels of income and education. The article highlights the changes of distribution of total amount of the population's income, the level of social and economic stratification of the population, differentiation of workers on the average level of the salary depending on an education level, comparison of salaries of highly educated people with salaries by types of economic activity. |
| Keywords: | POPULATION INCOME; EDUCATION LEVEL; SOCIAL AND ECONOMIC JUSTICE; AVAILABILITY OF HIGHER EDUCATION |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-01063687&r=cis |
| By: | Dmitry Edelev (Modern trading "North-South" Department - Moscow State University of Food Production); Arsen Tatuev (Department of Finance, Accounting and Analysis - Moscow State University of Food Production) |
| Abstract: | The article reveals the need of assessment of modern industrial production, specifically, contribution to a value added and level of costs, formation of new reproductive economic relations. It is illustrated that new stage of industrial development is characterised by increasing of reproductive role of this sector and by its transformation into infrastructure activity followed by increasing of labor productivity and employment reduction. |
| Keywords: | INDUSTRY; GLOBAL ECONOMY; EMPLOYMENT STRUCTURE; PRODUCTION INFRASTRUCTURE; REPRODUCTION |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-01063733&r=cis |
| By: | Dmitry Edelev (Modern trading "North-South" Department - Moscow State University of Food Production) |
| Abstract: | The article highlights the problem of formation and development of services related to the health-resort business and tourism. The author reveals a system of relationships that affects the organization of recreational services as well as the main concepts and models of consumer behavior. |
| Keywords: | RECREATION SERVICES; HEALTH INDUSTRY; STRUCTURE OF RECREATIONAL ACTIVITIES, SERVICES MARKET |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-01063372&r=cis |
| By: | Natalia Mayorova (Modern tradng "North-South" Department - Moscow State University of Food Production) |
| Abstract: | The article analyses theoretical questions on the formation of new economic relations structures connected with the organization and provision of educational services. It is shown that modern educational functionality has led to the separation of the educational space category as part of social space with the corresponding economic relations and motives which will objectively predetermine the priority trends of the development of an education system. Processes of interaction between a society and an intellectual elite are carried out by means of various mechanisms, and the roots of this interaction lie in society's traditional social institutes. |
| Keywords: | EDUCATION; ECONOMIC RELATIONS; EDUCATIONAL SERVICES; POLITICAL AND ECONOMIC CONTRADICTIONS; UNIVERSAL ELECTRONIC CARD, BUDGETARY FINANCING; SOCIAL SYSTEM; EDUCATION SYSTEM |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-01058979&r=cis |
| By: | World Bank |
| Keywords: | Finance and Financial Sector Development - Access to Finance Energy - Energy Production and Transportation Economic Theory and Research Private Sector Development - Emerging Markets Infrastructure Economics and Finance - Infrastructure Economics Macroeconomics and Economic Growth |
| Date: | 2014–06 |
| URL: | http://d.repec.org/n?u=RePEc:wbk:wboper:20021&r=cis |
| By: | Ira N. Gang (Rutgers University); Achim Schmillen |
| Abstract: | Several post-Soviet states have introduced policies to improve the relative economic, political or social position of formerly disadvantaged populations. Using one example of such policies – “Kazakhisation†in Kazakhstan – we investigate their impact on the comparative earnings of two directly affected groups, ethnic Russians and ethnic Kazakhs. Oaxaca decompositions show that Kazakhs are better endowed with income generating characteristics but receive lower returns to these characteristics than Russians. The second effect dominates and Kazakhs have comparatively lower average living standards. While “Kazakhisation†may have been successful in a narrow sense – i.e., by empowering Kazakhs to take on leading positions in the public sector – more broadly it as been a self-defeating policy as it has pushed ethnic Russians into jobs that often evolved into positions that (at least in monetary terms) are superior now to those held by Kazakhs. |
| Keywords: | Ethnicity, Decomposition, Indigenization, Kazakhstan |
| JEL: | I32 O12 J15 |
| Date: | 2014–09 |
| URL: | http://d.repec.org/n?u=RePEc:crm:wpaper:1437&r=cis |