The purpose of this paper is to examine the determinants of the variation in Czech managers' pay levels. Among the questions we attempt to answer are: Are the managers in state-owned firms compensated differently than those in private owned firms? How much of the difference in pay is explained...

The transition process in Central and Eastern Europe was associated with growing environmental awareness. This paper analyses the determinants of pollution abatement and control expenditure at plant level in the case of Romania using survey data and a multilevel regression model. Our findings...

This study estimates an econometric model that incorporates the linkages among agriculture, manufacturing, service and trade sectors using a vector error correction model for Poland and Romania. Three cointegrating vectors for Poland and one for Romania confirm that the different sectors in the...

The partial privatization of the Russian energy industry with retained state regulation has made it impossible to produce targeted market models. In the paper the paths of the 2001 and 2008 reforms in the electricity and gas industries and in the associated petroleum gas market are discussed....

This paper examines the effect of the change of state shares in a state-owned enterprise (SOE) on the efficiency of the whole society and the payoff of the government. This issue is addressed by setting up a mixed oligopolistic competition model and dividing the analysis into two cases: closed...

Numerous emerging markets have undergone or are still undergoing substantial transition processes. The aim of this paper is to provide, on the example of the Russian bakery industry, a deeper understanding of and a longitudinal perspective on how the transition process and institutional changes...

The paper considers the factors explaining violent pressure of law enforcement agencies on businessmen in Russia in recent years. This phenomenon has been analyzed from the viewpoint of "destructive entrepreneurship" concept (Baumol, 1990) and "limited access order" framework (North et al.,...

This publication contains papers written by leading experts of the Gaidar Institute during 2003-2009. Several papers were previously published in compilations of articles written in the framework of various projects; other came out as separate articles and several papers were specially written...

Corporate governance has been an important issue in the economic literature of the last decades, a strong corporate governance framework being extremely important in order to increase the confidence of the stakeholders. Also, the transition economies are an important issue of research,...

В очередной главе учебника по экономической компаративистике исследуются процесс трансформации командной экономики в рыночную экономику, особенности...