Okun’s law is a well-known relationship between the change in the unemployment rate and output growth. The main objective of the study is to provide a rigorous econometric analysis of Okun’s law for several CIS countries using different models and econometric methods. The paper further...

We study the evolution of the stock prices of 17 politically connected firms around the time of the Orange revolution and two other crucial political events (2010 Presidential elections and the arrest of Yuliya Tymoshenko) in Ukraine. Using an event-study approach we find that political...

As part of its Single Market Program the European Commission commanded the liberalization and regulatory harmonization of utilities, transport and telecommunication network services. This paper investigates whether and how this process affected the productivity of European network firms. We...

The purpose of paper is to investigate how the interplay of trade, commuting and communication costs shapes economy at both inter-regional and intra-urban level. Specifically, we study how trade affects the internal structure of cities and how decentralizing the production and consumption of...

Unfavorable geopolitical situation and small scale of economy, trade balance deficit and raw-materials export enforce Armenia to look for new geographical and product perspectives in its foreign trade. Our paper aims to estimate trade potential for Armenia by product groups in regional and...

The paper deals with temporary employment on the Russian labour market. The main focus is the gender differences of determinants for being temporary employed in Russia. The puzzle here is that in many European countries these are women who are most likely to have temporary work, but in Russia we...

In this paper I examine the Okun-Friedman hypothesis of the link between inflation and inflation uncertainty using historical international data on the monthly CPI. An indicator of inflation uncertainty at the two-years-ahead horizon is derived from a time-series model of inflation with...

Recent research emphasizes the importance of the separation of ownership and control for growing threshold firms. Demand for specialized management knowledge by growing owner-run SMEs is usually resolved through the separation of ownership and control, using top management labor market and...

Cities in transition face a unique set of challenges that came forth due to interaction of the legacy of socialist urban policies and the transition to the market economy. Socialist urban policies restrained growth of the largest cities and led to distortions in the spatial equilibrium and to...

We study discrete-type screening without Spence-Mirrlees condition. Under non-separable and non-concave cost, all packages can be distorted in equilibrium, even when only the participation constraints are active. This and other paradoxical effects, shown by examples, are caused by some kind of...