FREE Policy Brief

Russia and Oil — Out of Control

Torbjörn Becker, SITE

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And the Lights Went Out – Measuring the Economic Situation in Eastern Ukraine

Tom Coupe, KSE/KEI
Michał Myck, CenEA
Mateusz Najsztub, CenEA

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Global Inequality – What Do We Mean and What Do We Know?

Jesper Roine, SITE

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Spatial Wage Inequality in Belarus

Aleh Mazol, BEROC

FREE Policy Brief

Expanding Leniency to Fight Collusion and Corruption

Reinaldo Diogo Luz, UFMG Law School
Giancarlo Spagnolo, SITE

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Do Regional Ties Add to Depositor Trust during the Crisis? Evidence from Russia

The question of whether regional banks should be treated differently has recently become all the rage in the banking authorities’ debates in Russia. We add to this discussion by analyzing bank regional ties in the flight-to-familiarity context, which implies that agents naturally feel more favorable...
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Gaming the System: Side Effects of Earnings-Dependent Benefits

Today policy makers in developing and middle-income countries face tremendous challenges in combating various forms of tax evasion. Increasingly it is proposed to tie social security benefits to the reported income and in this way increase tax compliance incentives. We use administrative data from Latvia...
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The Economics of Russian Import Substitution

This policy brief discusses the economic mechanisms triggered by import substitution policies, associated losses and conditions that ensure positive economic effects. Numerical estimations of potential effects of Russian import substitution policies indicate a decline in GDP, decrease in output of unprotected sectors and consumers’ welfare...
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Does Product Market Competition Cause Capital Constraints?

At the very center of Schumpeter’s (1934, 1942) notion of creative destruction is firms’ access to bank capital, which helps to fund the innovation in competitive product markets that drives out less productive firms in favor of those with more profitable ideas. However, competition is...
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What Does Ukraine’s Orange Revolution Tell Us About the Impact of Political Turnover on Economic Performance?

Political turnover is a normal, even desirable, feature of competitive politics, yet turnover in a context of weak institutions can create policy uncertainty, disrupt political connections, and threaten the security of property rights.   What is the impact of political turnover on economic performance in such...
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