In this paper, we use index number theory to decompose changes in total interest rate due to changes in the interest rate component and the weight component. We discuss the optimal calculation of a binary index using axiomatic index number theory. Based on this theory we compare alternative...

We examine the effect of natural resource abundance on economic performance during the 1996-2011 period in the 15 independent countries that formerly comprised the Soviet Union. These countries were a largely homogeneous group with respect to institutional development, liberalization and...

We examine the effect of natural resource exports on economic performance during the 1996-2011 period in the 15 independent countries that formerly comprised the Soviet Union. These countries were a largely homogeneous group with respect to social and institutional context; however, these...

The analysis using the new Regime Legitimation Expert Survey (RLES) demonstrates that non-democratic rulers in post-Soviet countries use specific combinations of legitimating claims to stay in power. Most notably, rulers claim to be the guardians of citizens' socioeconomic well-being. Second,...

The purpose of this paper is to identify the determinants of bank profitability in 13 post-Soviet countries. Within this scope, annual data between 1996 and 2016 is analyzed by using fixed effects panel regression and the Generalized Method of Moments (GMM). It is concluded that loan amount,...

Challenging the initial expectation that all post-Soviet economies will evolve from collective toward fully individualized farming, I argue that they separated into two different reform paths. In the European successor countries and Kazakhstan, corporate and family farms coexist, labor exited...

This paper analyses the issues of regulatory reform in the energy industry of post- Soviet countries. We identify the characteristics of the transformation that these countries go through: it is the introduction of a) a new legal culture and b) a capitalist rationality of production in societies...

As climate extremes intensify, biodiversity declines, and ecosystems degrade, agriculture faces scrutiny as both a driver and a victim of these crises. Its dependence on fossil fuels and ethical concerns around intensive farming fuel criticism from civil society. Corporate social responsibility...

Background: In the last two decades, health care systems (HCS) in the European countries have faced global challenges and have undergone structural changes with the focus on early disease prevention, strengthening primary care, changing the role of hospitals, etc. Russia has inherited the...

The problem of poverty, both in theory and practice, gained a new meaning with the beginning of the transformation of selected European economies from being centrally planned to market economies. The transition and the accompanying ownership changes resulted in significant shifts in the income...