This paper estimates equilibrium dollar wages for 15 transition economies. Equilibrium dollar wages are interpreted as full employment wages consistent with a country`s physical and human capital endowment, and estimated by regressing actual dollar wages on productivity and human capital proxies...

This paper gives a scientific evaluation of the market economy which dominates in most of the world countries as non-alternative economic system and describes the present tendencies of transition to new economy. In this paper we especially discuss about the modernization of market economy as a...

Regional economic development has been long conceptualised as a non-linear, interactive and socially embedded process: these features were traditionally regarded as spatially mediated and highly localised. However, unprecedentedly fast technological change coupled with the intensification of...

I investigate whether the impact of firm-level corruption on growth varies based on origin of the firm. More specifically, I examine how corruption in the business environment affects growth for privatized former state-owned enterprises (SOEs) and originally private firms in transition...

In the research the results of the comparative quantitative evaluation of the effects of tax treaties on the FDIs are presented for the six former-USSR states: three non-EU – Russia, Ukraine, Belarus and three EU members – Lithuania, Latvia and Estonia. The different level of fiscal risks...

We use a hand-collected data set of firm-level foreign direct investment in China to examine the impact of home countries' institutional elements on the investment co-movement between foreign and domestic firms. We find that foreign firms from countries with well-developed financial markets or a...

This paper states the authors' views on the realities and prospects of globalization as an economic, political and social category. In particular, there considered the development factors of globalization in the world economy such as innovation development, expansion of intergovernmental...

Socialism is popular in the UK – not just among students, but also among people in their 30s and 40s. This is confirmed by survey after survey. Surveys also show that support for socialism in general terms is matched by support for a broad range of individual policies that could reasonably be...

We study whether a democracy improves a measure of individual wellbeing; human heights. Drawing on individual-level datasets, we test the hypothesis using a battery of eight different measures of democracy and derived averages, and include models accounting for several confounders, regional and...

A growing body of evidence documents numerous and deleterious economic and social consequences of corruption. These findings beg the question: How to reduce corruption? We exploit exogenous sources of variation in latitude, ethno linguistic fractionalization, settler mortality rates, legal...