This paper provides a theory and firm-level evidence on the incorporation decision of entrepreneurs in a model of taxes and corporate governance. The theory explains how the incorporation decision of entrepreneurs is driven by taxation (corporate and personal income taxes), corporate...

This paper provides a theory and firm-level evidence on the incorporation decision of entrepreneurs in a model of taxes and corporate governance. The theory explains how the incorporation decision of entrepreneurs is driven by taxation (corporate and personal income taxes), corporate...

This paper provides theory and firm-level evidence on the incorporation decision of entrepreneurs in a model of corporate governance and taxation. The theory explains how the incorporation decision of entrepreneurs is driven by taxation (corporate and personal income taxes), corporate...

The paper investigates the consequences of outsourcing of labor intensive activities to low-wage economies. This trend challenges the two basic functions of the welfare state, redistribution and social insurance when private unemployment insurance markets are missing. The main results are: (i)...

It by all means is nearly twofold devaluation of the national currency amid falling crude oil prices that was the key event in the period under review, which determined Russia’s economic development vector.

Russia’s government began to implement its anticrisis plan for 2015 by adopting specifi c documents in the period under review. Despite its pro-market rhetorical statements, the government has so far taken no substantial steps towards economic reforms and enhancing the business environment in...

It’s worth noting that administrative bodies in the period under review made active eff orts in rule-making regarding the issues within the scope of their competence. Considering the challenging situation faced by Russia due to western sanctions, there are two reasons that might cause such an...

The period of October–November 2014 was very unstable economically. The rapid slide of crude oil prices, below $80 per barrel, was followed by a nearly 40% depreciation of the ruble against world currencies. Having lifted li mits on the ruble exchange rate fluctuations and imposed limits on...

The following developments marked the period under review: the Gaidar Forum 2015 was held in Moscow on January 14–16, the World Economic Forum’s Annual Meeting was held in Davos (Switzerland) on January 21–23, 2015, as well as a draft document of anti -crisis measures aimed at tackling the...

Over the period under consideration, Russia continued to be faced with uncertainty in the sphere of fi nancial policy. The anti -crisis package put forth by the RF Government was the focus of attention.