In China, local governments have actively contributed to the growth of new firms. In Russia, local governments have … question then is why this has not happened in China. We argue that the answer lies in the degree of political centralization … present in China, but not in Russia. Transition in China has taken place under the tight control of the communist party. As a …

real consumption for a select group of nations in Europe and some large countries like China and Russia, but lower in most …

Using both the onset of the US-China trade war in 2018 and the most recent Russia-Ukraine war and associated trade …