This paper is devoted to the strategic perspectives on the North Caucasus region. The author analyses the causes of conflicts in the region, positive and negative features of the federal policy in the North Caucasus Federal District. On the basis of the analysis policy recommendations were...

In this paper we extend the stationarity test proposed by Kurozumi and Tanaka (2010) to reduce size distortion with one structural break in data generating process. We nd the bias up to the order of 1=T for four types of models containing structural breaks. Simulations on fininite samples show a...

In this paperwe investigate the behavior of stationarity tests proposed by Muller (2005) and Harris et al. (2007) with uncertainty over the trend and/or initial condition. As dierent tests are e cient for dierent magnitudes of local trend and initial condition, following Harvey et al. (2012) we...

In a recently publicized study, Harvey et al. (2012) investigated procedures for unit root testing employing break detection methods under local break in trend. We apply this methodology to analyze asymptotic and unite sample behavior of procedures under local break to test the stationarity null...

Nowadays, the issue of inefficient social expenditures is not just a local item of social policy, rather it comes as far as the macroeconomic level, being considered in discussions about sources of financing of the national long-term development strategy.

This publication deals with the issues of the special forms of support of the innovation activity in Russia: foundations for funding R&D; giving research grants; special order allowing budget institutions to transfer to the statutory capital of daughter organizations rights on R&D; special regime...

This publication deals with the analysis of theoretical concepts, which explain the influence of innovations on scientific and technological progress for long term perspective.

This publication deals with the analysis of theoretical concepts, which explain the influence of innovations on scientific and technological progress for long term perspective.

In the paper the authors examine not cyclic fluctuations in the growth rate of Russia’s GDP but fluctuations associated with changes in world oil prices

Recent approaches in unit root testing have taken into account the influences of initial condition, trend, and breaks in data using pre-testing and union of rejection testing strategies based on obtained information. This paper proposes an extension of the Harvey et al. (2012b) approach to...