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. This paper uses a panel dataset from Russia, an economy in which consumer loans grew at an astounding rate - from about US … consumer borrowing increased very rapidly in Russia, the authors find that only 41% of respondents demonstrate understanding of …
Persistent link: https://www.econbiz.de/10013108599
In this paper, I develop a new identification method to solve the problem of simultaneous equations, based on heteroskedasticity of the structural shocks. I show that if the heteroskedasticity can be described as a two-regime process, then the system is just identified under relatively weak...
Persistent link: https://www.econbiz.de/10012763760
financial crises in the late 1990s: Brazil, Russia, and Thailand. Our findings indicate that financial turbulence in these …
Persistent link: https://www.econbiz.de/10013226155
took place after the 1998 Russian crisis. Moreover, the paper shows that recovery after crises that exhibit large output …
Persistent link: https://www.econbiz.de/10013313675
Political and economic transition is often blamed for Russia's 40% surge in deaths between 1990 and 1994. Highlighting … the campaign's end explains a large share of the mortality crisis - implying that Russia's transition to capitalism and …
Persistent link: https://www.econbiz.de/10013096856
countries, to Russia's earlier history, and to Russia's income distribution today? Careful weighing of an eclectic data set … of European Russia. In 1904, on the eve of military defeat and the 1905 Revolution, Russian income inequality was … States, and Russia itself. We also note how the interplay of some distinctive fiscal and relative-price features of Imperial …
Persistent link: https://www.econbiz.de/10013100677
This paper examines the effect of banking on economic growth in modern Russia. To overcome simultaneity and selection …
Persistent link: https://www.econbiz.de/10013104994
(namely, from Cyprus and British Virgin Islands) across Russia and compare them with the benchmark group of genuine foreign … investors in Russia. We further study the determinants of the fraction of round-trip investment in total foreign investment in … large fraction of round-trip investment in Russia is concentrated in real estate and financial sectors, our results point to …
Persistent link: https://www.econbiz.de/10013082421
developing economies circa 1910: Brazil, Russia, India and China (BRIC). These four countries encompassed more than 50 percent of …
Persistent link: https://www.econbiz.de/10013066599
We identify the impact of local firm concentration on incumbent performance with a quasi natural experiment. When Germany was divided after World War II, many firms in the machine tool industry fled the Soviet occupied zone to prevent expropriation. We show that the regional location decisions...
Persistent link: https://www.econbiz.de/10013069687