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Determinants Of Corruption Perceptions: Transitional Vs. Developed Economies
Aistov, Andrey V.; Mukhametova, Elvina - National Research University Higher School of Economics - 2015
In this paper we explore relationships between corruption perceptions and such characteristics as the size of shadow … countries. It is shown that irrespective of whether the economy is developed or transitional, negative dependence of corruption … the shadow economy passes 45%, the Transparency International Corruption Perceptions Index ceases to respond to growth of …
Persistent link: https://www.econbiz.de/10011168928
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Ruling elites' rotation and asset ownership: Implications for property rights
Polishchuk, Leonid; Syunyaev, Georgiy - National Research University Higher School of Economics - 2013
We provide a theory and empirical evidence showing that the rotation of ruling elites in combination with elites' asset ownership could improve property rights protection, and that such association holds for non-democratic political regimes when it is based on elites' concerns about security of...
Persistent link: https://www.econbiz.de/10010723287
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Key features of the first phase of the national cluster program in Russia
Kutsenko, Evgeniy; Meissner, Dirk - National Research University Higher School of Economics - 2013
devoted to the detailed description of the background of the national cluster program in Russia and its first phase – the …
Persistent link: https://www.econbiz.de/10010671189
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KEY FEATURES OF THE FIRST PHASE OF THE NATIONAL CLUSTER PROGRAM IN RUSSIA
Kutsenko, Evgeniy; Meissner, Dirk - National Research University Higher School of Economics - 2013
devoted to the detailed description of the background of the national cluster program in Russia and its first phase – the …
Persistent link: https://www.econbiz.de/10010720488
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Endogenous Property Rights, Conflict Intensity And Inequality In Asymmetric Rent-Seeking Contest
Yarkin, Alexander M. - National Research University Higher School of Economics - 2014
Does less inequality in wealth distribution imply better property rights protection? In this paper we show that this impact is non monotonous and is conditional on a) equilibrium type: conflict (rent-seeking) or peace, b) the reasons of changes in wealth distribution, and c) the size of the...
Persistent link: https://www.econbiz.de/10011098839
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Japanese Investment In Russia: Far Eastern And Western Russian Regions Compared
Ershova, Nina - National Research University Higher School of Economics - 2014
The investment relationship between Japan and Russia has been rapidly expanding over the recent couple of decades. The … facilities by Japanese companies in manufacturing industries in Russia, Today, investment cooperation has reached a new … investors toward projects in Russia. A comparison of the major macro-regions which attract Japanese investment (Far-Eastern and …
Persistent link: https://www.econbiz.de/10011098852
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Study of Consistency of Bond and CDS Quotes
Kurbangaleev, Marat; Lapshin, Victor; Smirnov, Sergey N. - National Research University Higher School of Economics - 2015
In this paper, we study the consistency of bonds and CDS quotes data within a widely accepted credit risk pricing framework, allowing for non-trivial term structures of risk-free interest rates and default intensities. We propose an approach to test this consistency and a procedure to deal with...
Persistent link: https://www.econbiz.de/10011227894
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Colog asset pricing, evidence from emerging markets
Dranev, Dranev Yury; Fomkina, Fomkina Sofya - National Research University Higher School of Economics - 2013
We introduce a new asset pricing model to account for risk asymmetrically in a very natural way. Assuming asymmetric investor behavior we develop a utility function similar to a quadratic utility but include a colog measure for capturing risk attitude. Asymmetry in investor preferences follows...
Persistent link: https://www.econbiz.de/10010735037
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Asymmetric exchange-rate exposure in BRIC countries
Dranev, Dranev Yury; Babushkin, Maxim - National Research University Higher School of Economics - 2014
except Russia. For a better understanding of the sources of asymmetry in exchange rate exposure, we separately studied the …
Persistent link: https://www.econbiz.de/10010737384
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Incentives For Repeated Contracts In Public Sector: Empirical Study Of Gasoline Procurement In Russia
Yakovlev, Andrei; Vyglovsky, Oleg; Demidova, Olga; … - National Research University Higher School of Economics - 2015
dataset on procurements of AI-92 gasoline in Russia in 2011, we show that the price difference between repeated and one …
Persistent link: https://www.econbiz.de/10011210547