Real GDP growth rate is a non-linear function of the size of government. On average, in countries with population of less than 1 mln people an increase in the size of government is associated with an increase in real growth rates, while in countries with population more than 1 mln people it...

The debate that has been going on for more than a year now regarding the nature of the Russian financial crisis, the culminating stage of which came in August 1998, distinctly demonstrates that the actual causes for the very grave cataclysm that shook the Russian economy remain to a large extent...