Globalisation is at a crossroad. On the surface, we see phenomena such as the rise of populism and the rise of China. Some aspects of globalisation such as growth of international trade and investment have slowed down after the Great Recession of 2008-09. Scholars including Professor Michael...

This study explores the impact of headquarters’ innovation motives on subsidiary knowledge sourcing, and their subsequent roles. The motivation of this research is to expand upon the understanding of the roles of foreign subsidiaries, and their implications on the innovation performance of the...

This paper employs the Russian Longitudinal Monitoring Survey, a nationwide panel, to inquire into the magnitude, determinants, and consequences of occupational mobility in Russia from 1985 to 1998. We show that the restructuring process increases the rate of occupational reallocation....

This paper develops a proxy measure of the inequality of influence on the basis of survey evidence from 2002 Business Environment and Enterprise Performance Survey (BEEPS) conducted among 6,500 firms in 27 transition countries. We refer to the resulting inequality as crony bias in the political...

Based on the Business Environment and Enterprise Performance Survey (BEEPS) of firms in transition countries, which unbundles corruption to measure different types of corrupt transactions and provide detailed information on the characteristics and performance of firms, we find that: i)...

In a decade of transition, fear of a leviathan state is giving way to increased focus on oligarchs who "capture the state." In the capture economy, the policy and legal environment is shaped to the captor firm`s huge advantage, at the expense of the rest of the enterprise sector. This has major...

Is there a J-curve for Azerbaijan? In answering this question, we are estimating a conventional trade model for Azerbaijan vis-à-vis its major trading partner—Europe. We are employing a Johansen approach to cointegration and error correction modeling. Our results suggest that a real...

This paper develops a proxy measure of the inequality of influence on the basis of survey evidence from 2002 Business Environment and Enterprise Performance Survey (BEEPS) conducted among 6,500 firms in 27 transition countries. We refer to the resulting inequality as crony bias in the political...

Based on the Business Environment and Enterprise Performance Survey (BEEPS) of firms in transition countries, which unbundles corruption to measure different types of corrupt transactions and provide detailed information on the characteristics and performance of firms, we find that: i)...

Utopian socialists believed that socialism is inevitable because it is a more rational system to organize production and life, a system more in line with the “good” nature of human beings. Marxism rejected this reasoning replacing it with what is known as historical materialism: social...