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Productivity in Russia has fallen steadily over the past 15 years. This paper explores micro-level data to understand … “the best” and “the rest” has widened in Russia, similar to other countries. Russian markets are quite concentrated, i …
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Foreign subsidiaries are at a disadvantage as compared to domestic enterprises, which is especially the case for emerging market firms in more developed economies. In this paper we apply liability of foreignness (LOF) concept to address the issue of these disadvantages. We consider LOF effects...
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