Estimation of spatial housing price indices requires a housing market segmentation into local sub-markets. In this paper, we use geographically weighted regression model (GWR) to take account for spatial heterogeneity of housing attribute marginal prices. Estimated marginal prices are then used...

This study deals with the problem of measuring the real exchange rate (RER). We consider four aspects of this measurement problem: (a) Using end- of- period or period averages of the nominal exchange rate. (b) Choosing price indexes. (c) In obtaining the real effective exchange rates (REER),...

This study deals with the problem of measuring the real exchange rate (RER). We consider four aspects of this measurement problem: (a) Using end- of- period or period averages of the nominal exchange rate. (b) Choosing price indexes. (c) In obtaining the real effective exchange rates (REER),...

The primary aim of this research report is to analyse the dynamics and structure of the publications of Russian authors, as well as to define the place of Russian science in the global scientific process. Bibliometric analysis methods are the main methods for quantitative analysis of scientific...

As financial inclusion gains popularity in developed and developing economies, there is a need for a single index, (simple in computation with little or no assumptions) that pools together the financial inclusion indicators adopted by the IMF financial access survey. The various variants of...

This paper uses the fuzzy set theory recently suggested by Cerioli and Zani (1990) and Dagum and Costa (2004) to derive a methodology to construct a Millennium Development Goals (MDGs) measurement index. Using the formulation of the index, it also derives the contribution of different attributes...

We analyse the structural aspects of the banking Risk Appetite Framework (RAF), providing an operational application in the light of the detailed recommendations of the banking supervisors. We develop a quantitative approach that could be used to adapt to the requirements of these regulations...

Article about the role of equilibrium in regional economic development and regional governance. The author proposes a system of index ratings disparities in socio-economic development of the regions of the Russian Federation.

The note examines a generalization of a theorem of Bortkiewicz which relates the difference between a Paasche and a Laspeyres price index to a covariance between price and quantity relatives. The generalized theorem is used to demonstrate a number of interesting special applications. It turns...

Social sector with the objective to satisfy the welfare needs of the people and to correct the imbalances in the economy claims a sizeable proportion of the public expenditure and has emerged as a significant sector. This paper in this regard is a state level analysis on the growth of public...