We propose a strategy for assessing structural stability in time-series frameworks when potential change dates are unknown. Existing tests for structural stability have proven to be effective in detecting the presence of structural change, but procedures for identifying timing are highly...

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...

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...

The revised edition of the essential resource on macroeconometricsStructural Macroeconometrics provides a thorough overview and in-depth exploration of methodologies, models, and techniques used to analyze forces shaping national economies. In this thoroughly revised second edition, David DeJong...

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...

In pursuit of its transition from a command to a market economy, Russia has witnessed enormous regional differences in economic growth rates. Moreover, the implementation of economic reforms has also differed markedly across regions. We analyze whether regional differences in reform policies can...

Bank-issued credit is an important source of external financing for dynamic firms in transition economies. However, banks with a primary mission of issuing loans to private firms have only recently emerged in Russia. While this emergence (and subsequent expansion) appears to be carrying...

Methodologies for analyzing the forces that move and shape national economies have advanced markedly in the last thirty years, enabling economists as never before to unite theoretical and empirical research and align measurement with theory. In <i>Structural Macroeconometrics</i>, David DeJong and...

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