One of the consequences of the post-socialist transformation of Eastern and Central Europe and the Former Soviet Union is the emergence of energy poverty, a condition where households are living in inadequately heated homes. This paper examines the institutional and demographic underpinnings of...

This paper studies the long-term health and economic consequences of China's Household Responsibility System (HRS) reform—a property reform that assigned collectively owned farmland to individual households with secure tenures and boosted labor productivity among rural populations. Using...

This paper investigates the channels through which the middle class may matter for consumption growth and development. Determinants of the size and the growth of the middle class are also examined. Using several different middle class measures and a panel of 72 developing countries spanning the...

The social well-being of the Russian middle class in terms of the dynamics of its financial standing and opportunities of successful self-actualization has somewhat improved. According to representatives of the middle class, the prospects of self-actualization depend primarily on a high level of...

Tension is growing between the interests of part of the middle classes that are in decline in the mature economies and the rising ones in emerging markets. The aim of the public policies proposed in this paper is to impede such a clash by avoiding protectionism and de-globalisation, fostering...

Tension is growing between the interests of the middle classes that are in decline in the mature economies and the rising ones in emerging markets. The aim of the public policies proposed in this paper is to impede such a clash by not threatening de-globalisation, avoiding protectionism,...

This paper investigates the causal relationship between corruption and fixed capital investment in Russian regions. The panel data on corruption allow to control for unobserved heterogeneity with fixed effects estimation. We address the problem of endogeneity by introducing novel instrumental...