The recent increase in operating expenses of merchant vessels (opex) has stimulated interest in explaining their determinants. However, the available literature cannot explain this development nor does it provide information on a level of necessary detail. This paper considers a quantitative...

The article deals with the results of econometric model building for Russian and Belorussian economic development using the LAM-3 methodology. LAM-3 is the most recent version of the Long-run Adjustment Model that is used for quarter-to-quarter modeling and forecasting to show the economic...