June 30, 2014

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Gender and Development: the Role of Female Leadership

Authors: Anders Olofsgård and Evelina Bonnier, SITE. This policy brief reports on a discussion of the role of female leadership in development held during a full day conference at the Stockholm School of Economics on June 16, 2014. The event was organized jointly by the Stockholm Institute of Transition Economics (SITE) and the Swedish Ministry […]

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June 26, 2014

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Governance Quality as a Determinant of FDI: the Case of Russian Regions

Author: Olga Kuzmina, Natalya Volchkova, and Tatiana Zueva, CEFIR and NES This brief highlights the results of a study of the effect of poor governance quality on foreign direct investment in Russia. Using a survey of businesses across forty administrative districts, we find that a higher frequency of using illegal payments and a higher pressure […]

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June 23, 2014

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The Relationship between Education and Migration. The Direct Impact of a Person’s Education on Migration

Authors: Hanna Vakhitova and Tom Coupé, KEI This brief is based on a section from a large policy report, which investigates to what extent education directly influences major migration decisions. The results indicate that education does not have a clear and persistent effect on most of the migration decisions of Ukrainians — while in 2005-2008 […]

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June 9, 2014

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Is cutting Russian gas imports too costly for the EU?

Authors: Chloé Le Coq, Elena Paltseva, and Jesper Roine, SITE. This brief addresses the economic costs of a potential Russian gas sanction considered by the EU. We discuss different replacement alternatives for Russian gas, and argue that complete banning is currently unrealistic. In turn, a partial reduction of Russian gas imports may lead to a […]

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June 2, 2014

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Hedge Funds Non-Transparency: Skill of Risk-Taking?

Authors: Sergiy Gorovyy, Patrick Kelly, and Olga Kuzmina, NES This policy brief raises the issue of whether the secretive nature of hedge funds allows funds to misbehave and take excess risks that may in turn be contagious for the whole economy. We use a novel dataset and a new methodology to argue that at least […]

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May 26, 2014

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More Commitment is Needed to Improve Efficiency in EU Fiscal Spending

Author: Jenny Simon, SITE. The member states of the European Union coordinate on many policy areas. The joint implementation of public good type projects, however, has stalled. Centralized fiscal spending in the European Union remains small and there exists an overwhelming perception that the available funds are inefficiently allocated. Too little commitment, frequent rounds of […]

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May 19, 2014

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Trust and Economic Reforms

Author: Elena Besedina, KEI at KSE. This brief discusses the importance of trust in economic development. In the aftermath of the 2008 financial crisis, many countries experienced a decline in the level of both general trust and trust and confidence in the government and market institutions. Trust is important for economic growth as it facilitates […]

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May 12, 2014

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Whither Russia’s History Thought? Trends in Historical Research, Teaching and Policy-Making

Author: Lennart Samuelson, SITE. The next Russian generation’s understanding of their country’s past may turn out to be more refined and complex than at present whether or not the current project of a single history-textbook and accompanying pedagogical materials are successful. Rather than imposing a new version of Stalin’s infamous ‘Short course’, as certain Western […]

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May 5, 2014

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Skill Structure of Demand for Migrants in Russia: Evidence from Administrative Data

Authors: Simon Commander (IE Business School, EBRD and Altura Partners) and Irina Denisova (CEFIR, NES). Using Russian Ministry of Labor administrative data for all legal migrant applications in 2010 and matching the migrant to the sponsoring firm, we find that there is some – albeit limited – evidence of firms using migrants to address high […]

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April 28, 2014

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Financial Support for Families with Children and Its Trade-Offs: Balancing Redistribution and Parental Work Incentives

Authors: Michal Myck, Anna Kurowska and Michal Kundera, CenEA. Reforms of tax-benefit system of financial support for families with children have a broad range of consequences. In particular, they often imply trade-offs between effects on income redistribution and work incentives for first and second earners in the family. Understanding the complexity of the consequences involved […]

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