In this paper we extend the stationarity test proposed by Kurozumi and Tanaka (2010) for reducing size distortion with one structural break. We find the bias up to the order of 1/T for four types of models containing structural breaks. The simulations on finite samples show a reduction of size...

The book is devoted to analysis and systematization of major instruments and priorities of financing research and development from the federal budget in Russia, in comparative context with foreign experience. Such mechanisms are analyzed as block financing, program financing, and support through...

Through a survey of CEOs of Russian industrial companies administered in the second half of 2011 we have tried to understand the forces that lead some firms to decide to engage in more innovative activities than others and examined the types of routines associated with this decision. We found...

This paper deals with the flow of foreign investments in the Russian Federation

This paper deals with the flow of foreign investments in the Russian Federation

The core events which took place last year and which are related to the issues under consideration are the approval of a new three year privatisation programme for 2014–2016, including corporate control of market transactions associated with Rosneft and Gazprom, as well as the restructuring of...

This paper deals with Russia's budgetary system

Oil and gas comprise the main sector of the Russian economy that continues to play a key role in shaping the state budget revenues and the balance of trade. In 2013, against the background of continuing high global prices for oil and gas, petroleum production in Russia reached its highest level...

This paper deals with Russia’s market for municipal and sub-federal borrowings.

This paper deals with the broad specter of Russia's foreign trade issues. The authors analyze major indicators, geographical profile regulation and the terms of Russia's foreign trade.