In this paper we extend the stationarity test proposed by Kurozumi and Tanaka (2010) for reducing size distortion with one structural break. We find the bias up to the order of 1/T for four types of models containing structural breaks. The simulations on finite samples show a reduction of size...

The core events which took place last year and which are related to the issues under consideration are the approval of a new three year privatisation programme for 2014–2016, including corporate control of market transactions associated with Rosneft and Gazprom, as well as the restructuring of...

The privatisation wave that spread all over the world in the 1980s at last reached the shores of Russia in the 1990s and near the bastions of the administrative system it came to rest in a rather indecisive way. If in the 1980s the issue of privatisation was of real interest only for a narrow...

The article focuses on the analysis of the evolution of contemporary theoretic approaches to the choice of an optimal form of ownership, and the corresponding estimation of privatization in the context of the advantages and disadvantages of the public and private sectors of the national economy....

Authors review the background of the "New privatization policy".They study stakeholder groups and principal risks and disclose dimensions of denationalization

The main objective of this publication is to analyze the system of governance of companies with mixed ownership, reveal issues and contradictions arising as a result of this sector reform, evaluation of their place and prospects in the light of Russia's economy modernization. The authors analyze...

Institutions and economic growth

This paper deals with the development of public institutions in Russia.

The main objectives of the present research are the identification of main regularities of the emergence of a new property rights system within privatization process in the conditions of transitional economy in Russia and its single regions (on the basis of evaluation of privatization models of...