Based on panel data from 1995 – 1997, the paper focuses on the impact of ownership structure on the performance of Russian non-financial privatized companies that constitute the group of "blue chips" of the country's stock market. We find that ownership concentration results in higher...

Though Russia is very rich in natural resources, the share of natural resource rental payments in budget revenues is very low, less than 4% of the consolidated budget. Like many other natural resources in Russia, timber is under-priced, due, largely, to low stumpage fees. In this paper, timber...

The project will provide a comparative analysis of financial behavior of households in Russia in the mid-90's. The data is collected from the authors' own surveys conducted in four regions of Russia. The project will evaluate parameters of regression models and construct typologies of financial...

The project centers on the effect of macroeconomics factors on inter-regional migration in Russian, using regression analysis and discriminant analysis. The motivation focuses on understanding migration in order to choose appropriate policies to influence it. The key question is whether the...

Based on the dynamic labor demand model, we investigate wage-setting and employment behavior of enterprises during the period of transition. Using panel data on large-sized and medium-sized enterprises in the Novosibirsk region (1993–1998), we make an effort to identify the type of...

Due to high inflation and the lack of financial instruments, the Russian economy is currently highly dollarized. The share of dollars in the total amount of cash circulating in the Russian economy constitutes about 80%. What is the degree of this currency substitution phenomenon? What are the...

This paper addresses the political economy background of import protection policy in Russia under the system of policy-making institutions developed during the period 1992–1997. Models explaining import penetration levels and import tariff rates are constructed and estimated independently as...

This project is aimed at assessing and comparing the influence of enterprise restructuring on employment and labor practices in several industrial regions of Russia. Analysis will be based on survey data compiled over the last six years as well as future data the authors intend to collect.

This paper presents the results of one of the first experimental studies of individual choice in transitional Russia. The study is based on two standard types of experimental design: on risk attitudes via individual preferences over two-outcome lotteries, and on public good provision under...

Liberalization policies of transition have led to the mass reduction of enterprise subsidization which prevailed in socialist economies. However, in some sectors of the economy, subsidies associated with price controls remain due to "social" and "political" factors. Moreover in multi-tier...