Conventional wisdom suggests that the stocks of human capital were one of the few positive legacies from communism. However, if factories under communism were so inefficient, why would the education system not have been? Using the education production function approach and new data on...

Most of the time the budget constraints in the socialist economies were harder than in developing countries and no less hard than in developed countries. The soft budget constraints (SBC) in socialist economies were not pervasive, as most authors believe, but selective, i.e. involved...

Russia currently has the world's third largest fleet of nuclear power plants with 33 reactors in operation. To supply the country's growing energy demand, Russia plans to double its nuclear energy output by 2035 with ten reactors currently under construction and a number of existing ones being...