nep-cis New Economics Papers
on Confederation of Independent States
Issue of 2014‒10‒13
twelve papers chosen by

  1. Situation in Russian science and innovation sector in 2013 By Irina Dezhina
  2. Review of Russian Legislation in the Sphere of Tax and Civil Legislation in 2013 By Irina Tolmacheva
  3. Schengen Borders In Practice: Facts About Finland (And Russia) By Anna A. Dekalchuk
  4. Application of TIMES Model for Russian Post2012 Climate Policy Scenario By Oleg Lugovoy; Alexander Golub; Inna Gritsevich
  5. Оценка инновационного потенциала научно-технологического комплекса экономических зон By Arzu Huseynova; Гусейнова Арзу Догру кызы
  6. Infrastructure investments in the main emerging countries By Luca Antonelli; Lorenzo Bencivelli; Annalisa Bucalossi; Luigi Concistrè; Raffaele De Marchi; Giorgio Merlonghi; Valeria Rolli; Giorgio Trebeschi
  7. Factors influencing the formation of corruption in oil-rich countries By Masoome Fouladi; Hedieh Setayesh; Yazdan Goudarzi-Farahani
  8. Business Cycles in Oil Exporting Countries: A Declining Role for Oil? By Salman Huseynov; Vugar Ahmadov
  9. Monthly Report No. 3/2014 By Vasily Astrov; Neil Foster-McGregor; Sandra M. Leitner; Robert Stehrer; Roman Stöllinger
  10. Republic of Belarus: Selected Issues By International Monetary Fund. European Dept.
  11. Kazakhstan Legislation for Allocation of Mining Exploration Rights : Report 2. Applicability of Results from Report 1 in Kazakhstan and Recommendations on Potential Policy Changes in Kazakhstan By World Bank
  12. The Republic of Kazakhstan: Financial System Stability Assessment By International Monetary Fund. Middle East and Central Asia Dept.

  1. By: Irina Dezhina (Gaidar Institute for Economic Policy)
    Abstract: This paper deals with the state of fundamental research and science in Russia, the author also touches issues related to innovation
    Keywords: Science in Russia, innovation
    JEL: O32 O38
    Date: 2014
  2. By: Irina Tolmacheva (Gaidar Institute for Economic Policy)
    Abstract: This paper deals with a review of the tax and civil legislation in Russia.
    Keywords: Russian tax and civil legislation
    JEL: K1 K2 K3
    Date: 2014
  3. By: Anna A. Dekalchuk (National Research University Higher School of Economics)
    Abstract: This article attempts to solve the empirical puzzle posed by the way the Finnish diplomatic missions issue Schengen visas to the Russians. Building on the theory of the Self and the Other, a theoretical expectation about the uniformity of the Schengen visa regime is brought forward and further checked against the legal reality of the European Union common visa policy and the Finnish-Russian visa issuance arrangements. The case study of the experience that the Finns have with the Russians coming to their territory and history of the Finnish-Russian relations is carried out to dismantle the panoply of motives and meanings laying behind a particular visa regime and to show how the interplay of various political, economic and social factors works to produce peculiar policy outcomes. The main findings prove that despite both theoretical expectations and legal rules governing the Schengen borders and visas, in practice different member states apply the ‘common’ regime differently depending on both economic rationale and historical memories.
    Keywords: Borders, visa policy, Schengen, Finnish-Russian relations, EU-Russian relations, Self and Other.
    JEL: F55
    Date: 2014
  4. By: Oleg Lugovoy; Alexander Golub; Inna Gritsevich
  5. By: Arzu Huseynova; Гусейнова Арзу Догру кызы
    Abstract: Главными факторами, определяющими инновационную активность территории, являются ее инновационный потенциал и результативность инновационной деятельности. Все характерные черты инновационного потенциала субъектов можно классифицировать по ряду признаков: внутренние средства и особенности структуры, качественные характеристики, социально-экономические отличия. К структурным особенностям следует отнести целостность, сложность, взаимозаменяемость элементов, их взаимосвязь и взаимодействие. Качественными характеристиками можно считать способность элементов потенциала к восприятию достижения научно- технического прогресса, гибкость мощность потенциала. Социально- экономические отличия заключаются в классовом характере и способности обладать мощностью. Инновационный потенциал может служить как характеристикой самих крупных систем, так и мелких, локальных. Особое значение приобретают научные исследования методов и принципов, регулирующих развитие инновационного потенциала научной деятельности в системе категорий рыночной экономики. Базовыми компонентами анализа становятся инновационные системы, инновационный потенциал, инновационные процессы, инновационные отношения, а также индивидуальная и корпоративная научная деятельность. Инновационный потенциал научной сферы как приоритетная потребность реального развития рыночной экономики является актуальным предметом научного осмысления.Основная цель - получение систематизированных представлений о проблемах и процессах, характеризующих научно-исследовательскую и инновационную деятельность, экономические и социальные аспекты научно-технологического комплекса. факторный анализ и теории нечетких множествВ Азербайджане использование прямых индикаторов затруднено из-за низкой достоверности статистики инновационной деятельности и отсутствия многих показателей в региональном разрезе. Отсюда проблема универсальной системы для определения уровня инновационного потенциала регионов остается актуальной. Основные результаты исследования. Мы предложили основные методики оценки инновационного потенциала. Нами было апробированы данные методики применительно к научно-технологическому комплексу экономических зон.
    Keywords: Azerbaijan, Socio-economic development, Socio-economic development
    Date: 2014–10–01
  6. By: Luca Antonelli (Banca d'Italia); Lorenzo Bencivelli (Banca d'Italia); Annalisa Bucalossi (Banca d'Italia); Luigi Concistrè (Banca d'Italia); Raffaele De Marchi (Banca d'Italia); Giorgio Merlonghi (Banca d'Italia); Valeria Rolli (Banca d'Italia); Giorgio Trebeschi (Banca d'Italia)
    Abstract: This paper surveys the current conditions and prospects for the infrastructure sector in seven large emerging countries - Brazil, China, India, Indonesia, Mexico, Russia and Turkey - assessing the adequacy of their current infrastructural endowment and illustrating the latest government investment plans. It also discusses the extent of private sector involvement and the main obstacles to the realization of the planned investments, including those related to the limited availability and high costs of financing. The seven countries cited in the research, which all have large domestic markets (either effective or potential) coupled with substantial requirements for new investment in public infrastructure, are of undoubted strategic importance for Italian firms operating in the infrastructure sector and planning international expansion.
    Keywords: economic development, infrastructure investments
    JEL: O12 O16
    Date: 2014–09
  7. By: Masoome Fouladi; Hedieh Setayesh; Yazdan Goudarzi-Farahani
    Abstract: Corruption undermines economic development and therefore it is one of the major factors hindering economic growth and political stability, especially in the developing countries. Studies in recent years show that countries with rich natural resources have the potential to shape corruption. Several studies have been done about this subject and different factors have been considered that most important are mechanisms for transparency, good management, good governance, human development and the degree of state dependence on oil revenues. This paper examines the factors affecting the level of corruption in 31 oil countries. This study uses GMM method and the period of time is 2000 to 2010 The results indicate that the size of the oil sector, government size, inflation, private sector debt, liquidity and democracy have a direct relationship with the level of corruption in these countries. However, the added value of the agricultural and industrial sectors and human development, relationships are reversed. So that with an increase in these indicators, the level of corruption in these countries has declined.
    Keywords: Algeria, Angola, Argentina, Australia, Azerbaijan, Brazil, Canada, China, Ecuador, Egypt, India, Andvnzhy, Iran, Iraq, Kazakhstan, Kuwait, Libya, Malaysia, Mexico, Norway, Oman, Qatar, Russia, Saudi Arabia, Sudan, United Arabic Emirates, United Kingdom, America, Venezuela and Vietnam., Other issues, Socio-economic development
    Date: 2014–10–01
  8. By: Salman Huseynov; Vugar Ahmadov
    Abstract: In this paper, we investigate business cycle regularities in oil exporting countries. We ask the question whether oil exporting countries are all alike or whether economic fluctuations and the response dynamics of macroeconomic variables are similar. Besides we also test for the possible sources of economic fluctuations and whether the oil is the main culprit behind business cycles in oil exporting countries. In this paper, we use different empirical methodologies to gain insights about the nature of the business cycles in the oil exporting countries. First, we draw on annual data to document stylized facts on economic fluctuations in these economies. Second, we also use principle component analysis and extract principle component of the panel on economic variables of the countries under the study. Third, we invoke to the methodology proposed by Giannone, Lenza and Primiceri (2012) to analyze impulse-response functions of GDP, household consumption, government expenditure, investment and import in 13 oil exporting countries under the study. In this study, we investigate the nature and possible sources of economic fluctuations in oil exporting countries using principle component and impulse-response analysis. The principal component analysis shows that the first two components can be statistically significantly explained by world GDP, but not by oil prices. We further develop our study using impulse-response analysis and find that a global demand shock is as important as oil supply and oil demand shocks in determining the dynamics of macroeconomic variables of interest. Though previous studies in this field underline the importance of institutional factors, we find that rising global political and economic integration can play a critical role in explaining business cycles of these economies. With increasing integration into the world economic system, oil exporting countries have become more susceptible to world business cycles, the sources of economic fluctuations have become more diversified, and consequently, the role of oil has declined over time. These results have crucial policy implications for the role of the fiscal and monetary policy in managing economic fluctuations in these economies.
    Keywords: Oil Exporting Countries (Algeria, Angola, Azerbaijan, Iran, Kazakhstan, Kuwait, Nigeria, Norway, Oman, Russia, Saudi Arabia, United Arab Emirates and Venezuela), Monetary issues, Energy
    Date: 2014–10–01
  9. By: Vasily Astrov (The Vienna Institute for International Economic Studies, wiiw); Neil Foster-McGregor (The Vienna Institute for International Economic Studies, wiiw); Sandra M. Leitner (The Vienna Institute for International Economic Studies, wiiw); Robert Stehrer (The Vienna Institute for International Economic Studies, wiiw); Roman Stöllinger (The Vienna Institute for International Economic Studies, wiiw)
    Abstract: Graph of the month Share of foreign value added in the exports of selected countries Opinion corner What might be the economic consequences of a potential territorial break-up of Ukraine? (by Vasily Astrov) Trade integration, vertical specialisation and employment growth in the new Member States (by Sandra Leitner and Robert Stehrer) Trade in jobs a counterfactual exercise (by Robert Stehrer and Roman Stöllinger) Vertical trade and business cycle correlations (by Neil Foster-McGregor) Recommended reading Statistical Annex Selected monthly data on the economic situation in Central, East and Southeast Europe
    Keywords: value added, foreign trade, Ukraine, territorial break-up, trade integration, vertical specialisation, employment, exports, imports, vertical trade, business cycles
    Date: 2014–03
  10. By: International Monetary Fund. European Dept.
    Keywords: Wages;Wage increases;Wage policy;Selected Issues Papers;Belarus;
    Date: 2014–07–25
  11. By: World Bank
    Keywords: Education - Knowledge for Development Information and Communication Technologies - ICT Policy and Strategies Technology Industry Social Protections and Labor - Labor Policies Finance and Financial Sector Development - Debt Markets Industry
    Date: 2013–07
  12. By: International Monetary Fund. Middle East and Central Asia Dept.
    Keywords: Financial system stability assessment;Financial sector;Financial safety nets;Liquidity management;Bank resolution;Bank supervision;Insurance supervision;Securities regulations;Capital markets;Risk management;Economic indicators;Reports on the Observance of Standards and Codes;Kazakhstan;
    Date: 2014–08–29

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NEP’s infrastructure is sponsored by the School of Economics and Finance of Massey University in New Zealand.