In article the author covers venture capital investment practice abroad where government is involved and plays an important role. The mechanism of venture capital policy making and the question of venture development in Russia are discovered. Today Russian economy is based on raw materials...

The main event in March which is having long-term political and economic consequences was the accession of Crimea to Russia, based on the results of the referendum conducted on 16 March. It has resulted in the most serious tension in the relations between Russia and Western countries since the...

Distributions of many variables of interest in developed economic and financial markets, including income and wealth, exhibit heavy tails as in the case of Pareto or power laws. Many commonly used income and wealth inequality measures are very sensitive to extremes and outliers generated by...

Empirical analyses on inequality measurement and those in other fields in economics and finance often face the difficulty that the data is correlated, heterogeneous or heavy-tailed in some unknown fashion. The paper focuses on analogues and modifications of the recently developed t-statistic...

This paper describes a dynamic stochastic general equilibrium (DSGE) model for the Russian economy. It takes into account a high dependence of the national economy on the oil export. The model consists of three production sectors: tradable and non-tradable sectors and oil extraction sector. Oil...

Political and economic environment: a strong-arm approach Russia’s diplomatic and information efforts on the eve of signing a Euro-Ukrainian association agreement should be considered the key topic of the political and economic environment in November 2013.

The article deals with the influence of the global crisis on the Russian foreign economic relations and their effects on the national economy. The crisis has made it evident that it is necessary to change the character of Russia’s participation in the world division of labor. Russian export...

Given the present level of institutional quality and the significant role of the government sector in the economy, the Russian Federation has depleted the potential of the current model of growth which is based on commodity exports. The dramatic deceleration of the GDP growth rate down to less...

This paper develops a model that relates businesses’ entry into the underground economy to tax rates and the need to access the banking system. The model uses a dynamic approach in which both firms and banks optimize and in which the benefits to a firm of accessing the banking system are...

This paper summarizes the results of an empirical study, conducted in order to compile a list of the leading economists currently working in Russia. It determines the names of those who may be called the leading Russian economists. The work was based on a combined approach, including counting...