We derive new tests for proper calibration of multivariate density forecasts based on Rosenblatt probability integral transforms. These tests have the advantage that they i) do not depend on the ordering of variables in the forecasting model, ii) are applicable to densities of arbitrary...

Russia and China are assumed to challenge democratization and to promote autocracy. In a first step, we analyze Central Asia as the most-likely case, considering both Russia and China as relevant external actors. We develop a concept for our analysis based on the different strategies of Russia...

The report “Eurasian Economic Integration – 2017” reflects the directions, events and decisions that determine the current vectors of integration processes in the Eurasian Economic Union. The authors offer fresh data and analytical insights with respect to: macroeconomic development;...

The authors turn to the large family of institutions that came into existence in post-Soviet Eurasia (and, in some ways, beyond it) over the last two decades. The researchers review their current state, agenda, real and perceived mandate, and their respective achievements and constraints. The...

This article reviews the literature on the linkages between political tensions, economic diplomacy and international trade in the light of China’s rise in the global economy. The existing scholarly work suggests that economic diplomacy should be more pivotal in economic exchange with China...

The essay considers the question: what internal Cuban legal adjustments will be necessary for Cuba to enter into a fully normalized relationship with the U.S. and the rest of the world? That raises three distinct questions made necessary by the profound changes that have occurred between the...

This paper, written in honor of Ake Andersson, supports his view that we have now arrived at a time of logistical revolution, wherein information processing and communication capacity as well as the growth of the knowledge base are quintessential to the socioeconomic development of society. This...

This paper investigates the effects of economic integration among Taiwan, Hong Kong and China (CEA). A seven-region, seven-sector computable general equilibrium model for world production and trade is developed for this purpose. The simulation results demonstrate that the three Chinese economies...

The effects of past linkages on trade flows in the former Soviet Union (FSU) are studied using a gravity equation, estimated from trade flows among and between 9 Russian regions and 14 FSU republics from 1987 to 1996. We find that Russian regions traded 60% more with each other than with...

The ASEAN+3 finance ministers' group has developed its economic review and policy dialogue (ERPD) process as part of regional financial cooperation efforts. Recently the group has decided to integrate the ERPD process with the regional liquidity support facility, called the Chiang Mai Initiative...