Researchers across the social sciences and humanities have sought to understand the nature of people’s affiliation with a particular place, to understand the emotional and symbolic ties that bind people to a place and make them feel at home. The concept of home becomes especially complex when...

This paper seeks to draw together the work undertaken for the EU (Fourth Framework Programme) TSER project on Science, Technology and Broad Industrial Policy with the experience of the countries of East and Central Europe (CEECs) as it has been catalogued through the papers written for this ESRC...

This paper discusses the theoretical aspects of fiscal sustainability and identities the main sources of fiscal non-sustainability from the perspective of both general equilibrium models and partial equilibrium models. The study adopts the partial equilibrium approach to investigate empirically...

This paper uses firm-level data on 162 large Hungarian enterprises to analyse the relationship between ownership structure and corporate performance in 1998 and 1999. Cross-sectional regressions are run for each of these years using the return on assets (ROA) as the measure of performance. Both...

Building on earlier work on regional inequality in Russia (Fedorov 2002; Gaddy and Ickes 2005; Bradshaw 2006 and others) we investigate a novel line of research, i.e. demonstrate that the regional oil and gas abundance is associated with high within-region inequality. We argue that this phenomenon is...

Economists have difficulties to conceptualise and model the relationship between macroeconomic policy and industry change. This paper explores the relationships between industry cost structures and macroeconomic regimes in central and east European countries (CEECs). It finds that the cost...

The Working Paper employs the paradigm of new institutional economics to examine peculiarities of the Russian model of corporate governance and control in the banking sector. The study relies upon theoretical as well as applied research of corporate governance in Russian commercial banks...

This paper examines the determinants of short-term wage dynamics, using a sample of large Hungarian companies for the period of 1996-1999. We test the basic implications of an efficient contract model of bargaining between the incumbent employees and the managers, which we are unable to reject....

This paper suggests that certain capabilities of the firm are functional to the type of economic system (socialist, capitalist, transitional, etc.) in which the firm has to operate. Their presence in a firm can be an important factor in explaining its ability to survive and develop. It also...

The paper defines the key features of Chinese guanxi and Russian blat networks, explores similarities and differences in the use of these networks both in communist and post-communist economies, and discovers their ambiguous relationship with the formal institutions. Having compared guanxixue...