Development of self-employment becomes increasingly important issue for the transitional economy of Belarus. However the role of pecuniary benefits in terms of moving people towards selfemployment is not explored, and neither is the question of whether the direction of its’ impact is different...

This paper analyses the impact of foreign direct investment (FDI) on economic performance using the Belarusian industrial aggregated panel data over the 2002-2009 period. The paper didn’t reveal any general influence of FDI on the economic performance. However, a very diverse FDI impact at the...

There are three groups of factors that might affect the development of entrepreneurship. The first one includes institutional factors: economic, political and legal institutions that stimulate or hinder the development of the private sector. In particular the literature emphasizes the role of...

When it comes to Belarusian efforts to attract foreign investments, the year 2010 looked a lot like the previous year. Foreign capital inflow kept growing at a slow pace; there were no major privatization deals, as the state is still unwilling to put up for sale large property units and is...

The labour market plays an important role in the Belarusian economy. It is characterized by state dominance, as the private sector is relatively small, and overregulation. The policy of sustaining low wage disparities and excessive employment allows the authorities to eliminate inequality and...