Showing 1 - 10 of 225
The end of the Cold War has ushered in significant changes in worldwide military spending. This paper finds that the easing of (1) international tensions, (2) regional tensions, and (3) the existence of IMF-supported programs are related to lower military spending and a higher share of...
Persistent link: https://www.econbiz.de/10014401022
Although conventional wisdom suggests that reducing military spending may improve a country’s economic growth performance, empirical studies have produced ambiguous results. This paper extends a standard growth model and estimates it using techniques that exploit both cross-section and...
Persistent link: https://www.econbiz.de/10014398227
The short answer: The size of the Russian State has not increased much in the last few years, but its economic footprint remains significant. Concretely, the state's size increased from about 32 percent of GDP in 2012 to 33 percent in 2016, not far from the EBRD's estimate of 35 percent for...
Persistent link: https://www.econbiz.de/10012009568
lowering their inflation to more moderate rates. Inflation rates in the Baltics, Russia, and other countries of the former …
Persistent link: https://www.econbiz.de/10014403301
This paper explains the IMF''s impact on economic policies in Russia, focusing on where the IMF made a difference. The …
Persistent link: https://www.econbiz.de/10014404092
The health of the Russian economy still depends heavily on natural resource revenues. The history of the economic collapse and recovery in 1970–2004 provides new evidence on the sources of Russian economic growth, while a survey of the economic literature suggests that the Russian economy...
Persistent link: https://www.econbiz.de/10014404334
Although various factors point to a more arduous and longer transition in Russia than in Eastern Europe, the broad … Russia needs external financial assistance, it must be willing and able to pursue economic policies that ensure that the …
Persistent link: https://www.econbiz.de/10014396521
This paper discusses Russia’s balance of payments developments in recent years: the initial macroeconomic imbalances … and systemic shocks which set the stage for the critical balance of payments difficulties Russia faced in the early 1990s …; the lessons from the early phases of Russia’s economic reforms; the choices faced by the Russian Government and the …
Persistent link: https://www.econbiz.de/10014398091
This paper presents a general equilibrium model of interenterprise arrears, characterized by n-stage production technology with random productivity shocks. The model shows that large interenterprise arrears in transition economies may reflect substantial business risks in those countries and...
Persistent link: https://www.econbiz.de/10014398204
This paper examines the causes of the large buildup of enterprise arrears in Russia during 1992, and evaluates policy …
Persistent link: https://www.econbiz.de/10014398347