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This paper tests the proposition that Russian nominal prices were distorted to support bankrupt sectors, which is the foundation of the virtual economy. The input-output table for 1997 is converted from rubles into dollars using American prices as shadow values. Three sectors belonging to the...
Persistent link: https://www.econbiz.de/10014069948
In the aftermath of sovereign default of August 1998, the hypothesis of virtual economy in Russia developed by Gaddy …
Persistent link: https://www.econbiz.de/10014118904
Transition requires the reallocation of resources across activities through closure of inefficient firms and the creation of new firms. It also requires restructuring of existing firms where improvements in performance are feasible. Both processes are closely tied together and are aimed at...
Persistent link: https://www.econbiz.de/10014191081
. Russia s transition since 1992 is examined as an example of the neoliberal approach, while China s transition since 1978 is …
Persistent link: https://www.econbiz.de/10011527411
Originally the Laffer Curve was formulated in a macroeconomic context, for which reason it is not applicable to individual taxes, but rather to a certain average aggregate tax. The 'corrections' to the Laffer Curve are based on a factor of time. High importance is the question – in which...
Persistent link: https://www.econbiz.de/10013097347
policy advice and mistaken policy choices. Though Russia's performance leaves much to be desired, such criticisms are based … particular the views presented by Jospeh Stiglitz, shows that the Chinese reform path was not available to Russia, that mass … and necessity in policy making more generally. The final section of the paper characterises Russia as a case of weak state …
Persistent link: https://www.econbiz.de/10013098903
Persistent link: https://www.econbiz.de/10013101550
This paper unfolds an analytical perspective on the evolution of property rights in Russia from Tsarist times until …
Persistent link: https://www.econbiz.de/10012959332
administration in Russia. It also describes changes in local fiscal management. The Yaroslavl region faces a set of budgetary …
Persistent link: https://www.econbiz.de/10013057018
We review the role of economic theory in shaping the process of legal change in Russia during the two transitions it … dependence and history are frequently invoked to explain the limited development of the rule of law in Russia during the 1990s …
Persistent link: https://www.econbiz.de/10013018021