Studying the provision of public goods in 74 Russian regions between 2004-2009 provides an opportunity to test this hypothesis. Results show that governors appointed by the federal government provide more public goods (in this case, education and health care) than governors drawn from local...

This study is aimed at investigating the role of informal networks as a job search method in transition economy. Using the ULMS, a nationally representative survey of Ukrainian population, we investigate whether jobs obtained by means of friends, family or acquaintances' help are different in...

This study explores the question whether the problems of under- and overinvestment can be mitigated by banks. Using a unique matched dataset of Ukrainian companies and their main banks we apply robust IV-GMM-system, dynamic GMM-system techniques, and treatment effect model to estimate the role...

Using data from 2004 – 2008, we investigate the effect of foreign ownership on banks efficiency and financial performance. The data is a balanced panel consisting of 16 banks and 640 observations. In random effect regression, to investigate the influence of foreign ownership type banks’, we...

We investigate agglomeration economies that affect performance of firms producing tradable goods in Russian cities; performance is measured by the growth rate of enterprise revenue during 2001-2004. We find significant inverted U-shaped localization economies and positive economies from...

The paper analyzes the influence of credit market liberalization on economic growth in more than 100 economies over a period of 30 years. Liberalizing early and consistently is associated with higher living standards. However, although the timing of the reform seems to matter in raising living...

High volatility of Ukrainian inflation can partially be explained by large share of food and energy. The structure of Ukrainian CPI basket makes it difficult to distinguish between the underlining and temporary changes in inflation, which complicates the reaction of monetary policy. In this...

Input availability, quality of institutions and scale economies make a key contribution to the economy in terms of employment and growth. More recent studies explaining variability in urban economic growth have shifted their focus to urban areas of the developed and developing world with a very...

The objective of current paper is to explore the impact of services inputs on export performance of manufacturing firms in transition economies. The results of the study provide a new understanding of the consequences of trade liberalization in services sector. In particular, positive impact of...

This paper investigates whether and how various characteristics of CEOs and corporate boards are related to the severity of corporate governance problems within firms. The latter is proxied by private benefits of control, which we measure for dual class stock firms using the voting premium...