The paper studies the role visa restrictions play in determining export flows between Russian firms and their partners and explores the mechanism of this relationship. The specification of empirical model is derived from a heterogeneous firms' model of trade. The existing visa restrictions are...

Foreign market access cost introduced by Melitz (2003) into heterogeneous firm model of international trade is one of the essential assumptions that ensure a nice fit of model results to stylized facts. A selection of more productive firms into exporters is guaranteed by the excess of export...

Our study employs a difference-in-differences technique to test two channels of Dutch disease effects predicted by the theory. First, if there is a deindustrialization in resource-rich countries, then the outflow of resources from the manufacturing sector should put industries with higher...

This paper summarizes the estimates of what Russia will get from World Trade Organization accession and why. A key finding is the estimate that Russia will gain about $53 billion per year in the medium term from World Trade Organization accession and $177 billion per year in the long term, due...

This paper studies the effect of poor governance quality on foreign direct investment in Russia. Using a survey of businesses across forty administrative districts, we find that higher frequency of using illegal payments and higher pressure from regulatory agencies, enforcement authorities, and...

This paper summarizes the estimates of what Russia will get from World Trade Organization accession and why. A key finding is the estimate that Russia will gain about $53 billion per year in the medium term from World Trade Organization accession and $177 billion per year in the long term, due...

One of the arguments for the detrimental effect of natural resources on the manufacturing is that it could be a byproduct of the capital accumulation process in the resource-abundant open economy. Substitution of capital for labor in resource sectors might slow down the accumulation of a highly...

Numerous evidence demonstrate that firms affiliated with business groups in emerging markets outperform their independent counterparts. One of the proposed explanations for such a phenomenon is the more advanced groups' internal markets structure compared to the rest of the economy. In this...

The paper studies the role visa restrictions play in determining export flows between Russian firms and their partners and explores the mechanism of this relationship. The specification of empirical model is derived from a heterogeneous firms’ model of trade. The existing visa restrictions are...