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We seek to quantify the success of Russia's attempt to achieve price-liberalization initiatives as part of the reforms established under the Big Bang of January 1992. We do so by studying the time-series behavior of commodity prices between 1992-1995 and focusing on the relationship between the...
Persistent link: https://www.econbiz.de/10014197466
We use a statistical model of commodity trade to measure the extent of integration between regional commodity markets within Russia. Monthly time-series data on regional commodity prices spanning 1994 through 1999 indicates substantial fluctuations in integration over this period: an initial...
Persistent link: https://www.econbiz.de/10014139264
In the process of implementing market reforms, many post-socialist countries have struggled to preserve economic and political integration. Using a statistical model of commodity trade, we quantify the evolution of economic integration observed among regions within Russia during 1995-1999, and...
Persistent link: https://www.econbiz.de/10014133523
We use a statistical model of commodity trade to measure the extent of integration between regional commodity markets within Russia. Monthly time-series data on regional commodity prices spanning 1994 through 1999 indicate substantial fluctuations in integration over this period: an initial...
Persistent link: https://www.econbiz.de/10014133700
In pursuit of its transition from a command to a market economy, post-Soviet Russia has witnessed enormous regional differences in economic growth rates. Moreover, the economic reforms implemented under this transition, while initiated at the federal level, have also differed markedly across...
Persistent link: https://www.econbiz.de/10014074857
A growing body of national-level survey evidence indicates that small-scale entrepreneurial activity has been an important engine of growth in post-socialist economies. Here we use a rich regional data set to obtain a statistical characterization of the relationship between entrepreneurial...
Persistent link: https://www.econbiz.de/10014034588
We use a rich regional data set to obtain a statistical characterization of the relationship between entrepreneurial activity and economic growth within post-Soviet Russia. Russia is a useful laboratory for evaluating links between entrepreneurial activity and growth because of the striking...
Persistent link: https://www.econbiz.de/10014028507
In integrated economies, inter-city-price differences can be explained largely by transportation costs. This is not the case in Russia. Here, we argue that this is due to an internal border that separates a region we denote as the Red Belt from the rest of Russia. Regions within the Red Belt...
Persistent link: https://www.econbiz.de/10014210449