This paper tackles state participation in the Russian financial sector. We take the case of the banking industry to suggest criteria for a more accurate definition of public sector boundaries and an assessment of the actual scale of state presence in the national banking market. The approach for...

There are many support mechanisms for supporting newly established firms. Business incubators, one of them, are generally focused on supporting and promoting entrepreneurship, increasing employment through creating new job opportunities, enhancing local, regional and national R&D and...

The institute of social responsibility is regarded in the article as mandatory addition to market' institutes and to the institute of state power, because it reduces transaction costs in the socio-economic system by eliminating the relations of discrimination. The most important function of...

This paper attempts to analyze the causal relationship between central government revenue and expenditure for India using annual data over the period 1970-2008. The Johansen cointegration test suggests that there is a long-run relationship between central government revenue and expenditure. The...

Generally, Political Business Cycles happens in western economy, which reflects that macro-economy fluctuating is according with election cycles. The reason is that statesmen and citizens often do not have the same interest. And also, there is information asymmetry between them. Consequently,...

Corruption as an institutional factor of the state regulatory efficiency is seen in disfunction of distributed decision-making system at the national level. The effectiveness of state power is determined by the development of non-discretionary decision-making mechanisms and institutional...

The articles discusses the management of the cultural diversity in Indonesian archipelago by incorporating the web 2.0 and participatory database documentation system. Things related to the reports and researches that have been brought related to the on going collecting data is discussed,...

Nigeria was incorporated in 1914 when Frederick Lugard(First Governor-General) amalgamated the two British protectorates of Northern and Southern Nigeria and the Crown colony of Lagos into a single entity. The primary reason for almalgamation was economic rather than political. It is therefore,...

This paper surveys the state of fiscal federalism in India, in the broader context of decentralization. We begin with an overview of the basic features and recent developments in intergovernmental fiscal relations, including the role of political institutions, the specifics of legislative and...

This paper addresses the run up to the recent European Union enlargement. It considers the accession of 10 Eastern European countries in view of the pre-existing economic conditions. The paper also raises the question how the new member states can tackle their deficit problems. In particular,...