The paper studies whether and how CEO turnover in Ukrainian firms is related to their performance. Based on a novel dataset covering Ukrainian joint stock companies in 2002-2006, the paper finds statistically significant negative association between the past performance of firms measured by...

The project studies the Krugman's CP model in the weakly explored case of asymmetric regions in two settings: international trade and agglomeration processes. First setting implies that the industrial labor is immobile, while second one consider mobile industrial labor and long-run equilibria....

This paper analyzes the implications of the recently observed sharp expansion of foreign banks to the Central and Easter European Countries (CEECs). Using a simple intermediation model, we show that the mode of foreign entry has a pivotal impact on the post-entry performance of banks in CEECs....

In current study we analyze the convergence of trade between Central and Eastern European countries (CEECs) and European Union (EU) during the period from 1984 to 2004. In our extension of the theoretical framework of Helpman, Melitz and Rubinstein (2005) with heterogeneous firms we discuss the...

Several common wisdoms of economic geography and trade theories rely on specific technical assumptions, notably, CES utilities. Krugman’s (1979) general approach to monopolistic competition avoid this limitation, but has too narrow use. We expand it now to a family of multisector models and to...

Sound panel data analysis both on the macro and micro levels intends to define key macro and micro determinants of health of the population and quality of health services. The research will contribute to development of quality-enhancing policies in health sector on regional level and on the...

This study evaluates the impact of different individual, family and regional factors on child-bearing decisions using ULMS 2003 and 2007 data and provides recommendations on fertility-enhancing policies. Specifically, we looked for the income effect, which would indicate that higher child...

Emerging economic, financial and foreign exchange markets are subject to more extreme external and internal shocks than their developed counter-parts. The higher degree of volatility suffered by these economies leads to the expectation that heavy-tailedness properties for key variables in these...

We explicitly formulate (optimization) problems of finding a key sector and a key group of sectors within the framework of a hypothetical extraction method (HEM), and derive their solutions in terms of simple measures termed industries’ factor worths. It is shown that the top k 2 sectors with...

The study analyzed whether there are any symptoms of Dutch Disease in Azerbaijani economy during 2001-2007by employing testable hypotheses while carefully checks alternative explanations of observed consequences. The study concluded that there has not been “absolute de-industrialization”,...