October 27, 2014

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Effects of International Taxation on Firm Valuation: Evidence from Japan’s 2009 Tax Reform

Authors: Sebastien Bradley and Estelle Dauchy, Drexel University and New Economic School. This brief highlights the results of a study of Japan’s 2009 adoption of a territorial tax regime exempting corporations’ foreign earnings from domestic taxation. We examine stock market reactions to events leading to the adoption of a dividend exemption system. We use an […]

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October 20, 2014

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Meeting Qualification Mismatch with Vocational Training

Author: Florian Biermann, ISET. While in an ideal world the qualification preferences of job seekers and employers would coincide, in reality this is often not the case. Besides informational asymmetries (job seekers not knowing which qualifications are demanded by employers) the reason is that employers may be in need of qualifications that are not considered […]

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October 13, 2014

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How Transport Links Help Market Integration: the Case of Moscow Office Rental Market

Authors: Anna Ignatenko (University of California, Davis), and Tatiana Mikhailova (RANEPA) This brief is based on a research project on Moscow office real estate (Ignatenko & Mikhailova, 2014). We study the market for office space rentals in Moscow. Our main interest regards spatial competition: when an object is rented, does the rental rate respond to […]

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October 8, 2014

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Decentralization Reform in Ukraine

Author: Ilona Sologoub, KSE. The current Ukrainian political system, which is a highly centralized “winner-take-all” system, is one of the main causes of the recent mass street protests. A decentralization reform is needed to make the system more stable by providing people with more impact on policy making, and increasing accountability of the government. A […]

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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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