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Grimes, Arthur; Kerr, Suzi; Aitken, Andrew - EconWPA - 2003

Housing is the most important component of wealth for many New Zealanders. Its location is fixed and its value is influenced by economic and other factors specific to that location. Hence when people live in owner-occupied homes their wealth is strongly associated with their local economic...

Persistent link: https://www.econbiz.de/10005119012

Impact of Market Entry and Exit on EU Productivity and Growth Performance

Cincera, Michele; Galgau, Olivia - EconWPA - 2005

The European Union and its Member States have been engaged in product market reforms over a long period with notable reforms including the Single Market Program and the Lisbon Agenda launched in March 2000. Product market reforms are seen as exerting both a direct and an indirect impact on...

Persistent link: https://www.econbiz.de/10005076895

An Application of Clustering Analysis to International Private Indebtedness

Andre, Monteiro; Dionisio, Carneiro; Carlos, Pedreira - EconWPA - 2005

This paper presents a procedure for clustering analysis that combines Kohone’s Self organizing Feature Map (SOFM) and statistical schemes. The idea is to cluster the data in two stages: run SOFM and then minimize the segmentation dispersion. The advantages of proposed procedure will be...

Persistent link: https://www.econbiz.de/10005412997

One Asset, Two Prices: The case of the Tsarist Repudiated Bonds

Oosterlinck, Kim; Szafarz, Ariane - EconWPA - 2004

Prices of repudiated bonds are insightful but scarcely observed. Based on an original daily database, this paper compares the price evolution from January 6, 1916 to August 31, 1919 of a cross-listed (Paris and London) Tsarist bond repudiated by the Soviets on February 8, 1918. After its...

Persistent link: https://www.econbiz.de/10005076557

A Preliminary Evaluation of Monetary Policy Rules for Russia

Souza, Lucio Vinhas de - EconWPA - 2004

The paper reviews the recent conduct of monetary policy and the central bank’s rule-based behavior in Russia. Using … different policy rules, we test whether the central bank in Russia reacts to changes in inflation, output gap and the exchange … rate in a consistent and predictable manner. Our results indicate that during the period of 1993-2002 the Bank of Russia …

Persistent link: https://www.econbiz.de/10005076844

A Note on Non-Discriminatory Access to Railroad Infrastructure

Pittman, Russell - EconWPA - 2003

The setting of user prices for enterprises with large fixed costs and marginal costs below average costs – “natural monopolies” – raises important policy questions regarding both efficiency and equity. It has become well accepted among economists that, in a variety of settings, welfare...

Persistent link: https://www.econbiz.de/10005076868

An empirical note on growth and convergence across Russian regions

Solanko, Laura - EconWPA - 2003

This empirical note uses publicly available Goskomstat data to investigate income growth and convergence across Russian regions. Using data for 1992-2001, we find strong sigma divergence simultaneously with beta convergence. he results indicate that per capita income in Russian regions may be...

Persistent link: https://www.econbiz.de/10005125010

Time-varying Correlations of Russian and U.S. Equity Returns

Jithendranathan, Thadavillil - EconWPA - 2004

In this paper we looked at the changes in correlations between the Russian an U.S. equity market returns from September 1995 to October 2003. The correlations were estimated using the “Dynamic Conditional Correlation Model.” We further investigated the economic factors that cause the changes...

Persistent link: https://www.econbiz.de/10005125510

Economic Impact of Capital Flight from Russia and its Institutional Context: Why Capital Controls cannot be a Part of a Pro- Growth Policy.

Kadochnikov, Denis - EconWPA - 2005

The research presented in this paper is undertaken in response to the debate on capital flight from Russia. This debate … purpose of the paper is to examine capital flight from Russia within the institutional environment in which it occurs and to … argue that in Russia’s case capital flight might be considered not just a consequence, as some researchers have argued …

Persistent link: https://www.econbiz.de/10005125555

Federal state shareholdings in Russian companies: Origin, forms and consequences for enterprise perfomance

Muravyev, Alexander - EconWPA - 2003

This paper studies the impact of federal state shareholdings on the performance of Russian companies. It differs from most similar studies in two respects. Firstly, it focuses on mixed ownership companies rather than conventional state enterprises. Secondly, it distinguishes between several...

Persistent link: https://www.econbiz.de/10005126260

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