TInformal economy in Russian regions is measured using two approaches: 1) cross-section regression model for electricity consumption in Russian regions; 2) augmented electricity dynamics approach. 1) Regression model is applied for electricity consumption in production of goods and services...

The recently established Eurasian Customs Union of Russia, Belarus and Kazakhstan has generated considerable research interest. Using a rich panel data, this paper analyses the impact of the common external tariff and changes in non-tariff trade barriers on bilateral trade patterns. Tariff...

This project analyzes whether Russian farms operate under liquidity constraints or under soft budget constraints. A production function that utilizes the concept of total factor productivity will be used. Incorporation of financial variables in the production function will allow analyzing their...

The formation of an efficient employment structure as an important factor stabilizing the situation in regional labor markets and its impact on labor markets' behavior are studied. Theoretical and empirical analysis of regional labor market differences and the factors causing these differences...

This paper considers the problem of determining the optimal taxation for a group of individuals with random, independent and identically distributed incomes. Because a taxpayer's income is private information, it can only be verified through a costly audit. The purpose of this paper is to...

This paper presents a theoretical argument that the relationship between price differences and per capita demand differences (approximated by per capita income differences) across locations can be used as a cross-sectional test of the law of one price. Since the relationship should be...

This paper analyzes factors affecting the duration of registered unemployment and the intensity of the individuals' transition from unemployment to alternative states. The results will help evaluate the process of the population's adaptation to the government's system of employment assistance in...

Based on panel data from 1995 – 1997, the paper focuses on the impact of ownership structure on the performance of Russian non-financial privatized companies that constitute the group of "blue chips" of the country's stock market. We find that ownership concentration results in higher...

Though Russia is very rich in natural resources, the share of natural resource rental payments in budget revenues is very low, less than 4% of the consolidated budget. Like many other natural resources in Russia, timber is under-priced, due, largely, to low stumpage fees. In this paper, timber...

This paper addresses the political economy background of import protection policy in Russia under the system of policy-making institutions developed during the period 1992–1997. Models explaining import penetration levels and import tariff rates are constructed and estimated independently as...