nep-cis New Economics Papers
on Confederation of Independent States
Issue of 2020‒11‒30
eleven papers chosen by



  1. International humanitarian cooperation in the Eurasian space By Egorov, Vladimir K. (Егоров, Владимир К.); Komleva, Valentina (Комлева, Валентина); Zhulikova, Olga (Жуликова, Ольга); Frattini, Franco (Фраттини, Франко)
  2. Анализ смертности населения методами иерархического анализа By Timiryanova, Venera; Zimin, Aleksandr
  3. Long-run relationship between real consumption and real income in the Russian Federation: An ARDL bounds testing approach By Polbin, Andrey; Kuroedova, Anastasiia
  4. PROF. DR. STEVE HANKE: IN 1997-2001 PRIVATIZATIONS IN BULGARIA WERE DIRTY By Hanke, Steve H.
  5. PROF. DR. STEVE HANKE'S FIVE PART EXCLUSIVE INTERVIEW WITH PETIA MINKOVA, DEPUTY EDITOR IN CHIEF OF 168 HOURS By Hanke, Steve H.
  6. PROF. DR. STEVE H. HANKE’S EXCLUSIVE INTERVIEW WITH IVAN DJURDJEVIC, DEPUTY EDITOR IN CHIEF OF BLIC NEWSPAPER By Hanke, Steve H.
  7. PROF. DR. STEVE H. HANKE'S EXCLUSIVE INTERVIEW WITH DANIELA YAKOVA OF BULGARIAN NATIONAL RADIO'S MOST LISTENED TO "HORIZONT" CHANNEL, 12+3 PROGRAM By Hanke, Steve H.
  8. REMEMBRANCES FROM MONTENEGRO'S MOMENTOUS CURRENCY REFORM: THE 1999 ADOPTION OF THE GERMAN MARK By Hanke, Steve H.
  9. Monetary Policy Rule and Taylor Principle by GMM and DSGE Approaches: The Case of Mongolia By Taguchi, Hiroyuki
  10. Commodity and Foreign Exchange Trading- Some Notes and High Points By Hanke, Steve H.
  11. Exporting Costs and Multi-Product Shipments By David Gomtsyan; Alexander Tarasov

  1. By: Egorov, Vladimir K. (Егоров, Владимир К.) (The Russian Presidential Academy of National Economy and Public Administration); Komleva, Valentina (Комлева, Валентина) (The Russian Presidential Academy of National Economy and Public Administration); Zhulikova, Olga (Жуликова, Ольга) (The Russian Presidential Academy of National Economy and Public Administration); Frattini, Franco (Фраттини, Франко) (Institute for Eurasian Studies)
    Abstract: This work is a generalization of a part of the research carried out in the framework of the RANEPA research work on the topic "International humanitarian cooperation in the Eurasian space" and presents the main conclusions regarding the development of cooperation in the field of higher education. For the first time, this work comprehensively analyzes the educational ties of the countries - the core of Eurasian cooperation (Russia, Kazakhstan, Belarus) and examines the influence of China on the dynamics of relations in the field of higher education. For the first time, the dynamics of student mobility in the EAEU member countries is comprehensively presented.
    Keywords: international cooperation, humanitarian cooperation, interstate interactions, Eurasian space, export of education, educational space, accessibility of education, academic mobility.
    Date: 2020–11
    URL: http://d.repec.org/n?u=RePEc:rnp:wpaper:112001&r=all
  2. By: Timiryanova, Venera; Zimin, Aleksandr
    Abstract: The article presents the results of the analysis of mortality in municipalities in conjunction with the development of the health care system in the regions using the methods of hierarchical analysis. The study was conducted on the basis of data from 260 municipal districts and urbans of 6 regions of the Russian Federation. The results showed a significant influence on the mortality rate of such factors: wages of the population and the number of doctors in municipalities and the cost of providing outpatient medical care in the regions. В статье представлены результаты анализа смертности в муниципальных образованиях в увязке с развитием системы здравоохранения методами иерархического анализа. Исследование проводилось по данным 260 муниципальных районов и городских округов 6 субъектов РФ. Результаты показали значимое влияние среднемесячной заработной платы населения и численности врачей и расходов на оказание амбулаторной медицинской помощи на уровень смертности.
    Keywords: mortality, health care system, municipalities, hierarchical analysis, interregional differences (смертность населения, система здравоохранения, муниципальные образования, иерархический анализ, межрегиональные различия).
    JEL: I19 R11
    Date: 2020–11–14
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:104159&r=all
  3. By: Polbin, Andrey; Kuroedova, Anastasiia
    Abstract: This paper considers an application of the ARDL model and bounds testing approach to the analysis of the long-run relationship between household consumption and aggregate income. We have explored the presence of a long-run relationship between real household consumption and indicators characterizing real income, such as: real gross domestic product (GDP), real gross domestic income (GDI), and GDP at constant household consumption prices. We provide statistical evidence of the lack of a long-run relationship in the first and second cases and its presence in the third case. We have concluded that the nominal GDP deflated by the price index of aggregated consumption is the most applicable indicator for describing the dynamics of real consumption in the Russian Federation.
    Keywords: consumption: GDP; real income; ARDL; co-integration; bounds test
    JEL: C22 E21
    Date: 2020
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:103981&r=all
  4. By: Hanke, Steve H. (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)
    Abstract: Steve H. Hanke is a Professor of Applied Economics and Founder & Co-Director of the Institute forApplied Economics,Global Health, and the Study of Business Enterprise at The JohnsHopkins University in Baltimore. He is a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington, D.C., a Senior Advisor at the Renmin University of China’s International Monetary Research Institute in Beijing, a Special Counselor to the Center for Financial Stability in New York, a contributing editor at Central Banking in London, and a contributor at Forbes. Prof. Hanke is also a member of the Charter Council of the Society of Economic Measurement and of Euromoney Country Risk’s Experts Panel. In the past, Prof. Hanke taught economics at the Colorado School of Mines and at the University of California, Berkeley. He served as a Member of the Governor’s Council of Economic Advisers in Maryland in 1976-77, as a Senior Economist on President Reagan’s Council of Economic Advisers in 1981-82, and as a Senior Advisor to the Joint Economic Committee of the U.S. Congress in 1984-88. Prof. Hanke served as a State Counselor to both the Republic of Lithuania in 1994-96 and the Republic of Montenegro in 1999-2003. He was also an Advisor to the Presidents of Bulgaria in 1997-2002, Venezuela in 1995-96, and Indonesia in 1998. He played an important role in establishing new currency regimes in Argentina, Estonia, Bulgaria, BosniaHerzegovina, Ecuador, Lithuania, and Montenegro. Prof. Hanke has also held senior appointments in the governments of many other countries, including Albania, Kazakhstan, the United Arab Emirates, and Yugoslavia.
    Date: 2020–02
    URL: http://d.repec.org/n?u=RePEc:ris:jhisae:0150&r=all
  5. By: Hanke, Steve H. (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)
    Abstract: Steve H. Hanke is a Professor of Applied Economics and Founder & Co - Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. He is a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington, D.C., a Senior Advisor at the Renmin University of China’s International Monetary Research Institute in Beijing, a Special Counselor to the Center for Financial Stability in New York, a contributing editor at C entral Banking in London, and a regular contributor to the Wall Street Journal’s Opinion pages . Prof. Hanke is also a member of the Charter Council of the Society of Economic Measurement and of Euromoney Country Risk’s Experts Panel. In the past, Prof. Han ke taught economics at the Colorado School of Mines and at the University of California, Berkeley. He served as a Member of the Governor’s Council of Economic Advisers in Maryland in 1976 - 77, as a Senior Economist on President Reagan’s Council of Economic Advisers in 1981 - 82, and as a Senior Advisor to the Joint Economic Committee of the U.S. Congress in 1984 - 88. Prof. Hanke served as a State Counselor to both the Republic of Lithuania in 1994 - 96 and the Republic of Montenegro in 1999 - 2003. He was also an A dvisor to the Presidents of Bulgaria in 1997 - 2002, Venezuela in 1995 - 96, and Indonesia in 1998. He played an important role in establishing new currency regimes in Argentina, Estonia, Bulgaria, Bosnia - Herzegovina, Ecuador, Lithuania, and Montenegro. Prof. Hanke has also held senior appointments in the governments of many other countries, including Albania, Kazakhstan, the United Arab Emirates, and Yugoslavia.
    Date: 2020–04
    URL: http://d.repec.org/n?u=RePEc:ris:jhisae:0153&r=all
  6. By: Hanke, Steve H. (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)
    Abstract: Steve H. Hanke is a Professor of Applied Economics and Founder & Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. He is a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington, D.C., a Senior Advisor at the Renmin University of China’s International Monetary Research Institute in Beijing, a Special Counselor to the Center for Financial Stability in New York, a contributing editor at Central Banking in London, and a contributor at the National Review. Prof. Hanke is also a member of the Charter Council of the Society of Economic Measurement and of Euromoney Country Risk’s Experts Panel. In the past, Prof. Hanke taught economics at the Colorado School of Mines and at the University of California, Berkeley. He served as a Member of the Governor’s Council of Economic Advisers in Maryland in 1976-77, as a Senior Economist on President Reagan’s Council of Economic Advisers in 1981-82, and as a Senior Advisor to the Joint Economic Committee of the U.S. Congress in 1984-88. Prof. Hanke served as a State Counselor to both the Republic of Lithuania in 1994-96 and the Republic of Montenegro in 1999-2003. He was also an Advisor to the Presidents of Bulgaria in 1997- 2002, Venezuela in 1995-96, and Indonesia in 1998. He played an important role in establishing new currency regimes in Argentina, Estonia, Bulgaria, Bosnia-Herzegovina, Ecuador, Lithuania, and Montenegro. Prof. Hanke has also held senior appointments in the governments of many other countries, including Albania, Kazakhstan, the United Arab Emirates, and Yugoslavia.
    Date: 2020–05
    URL: http://d.repec.org/n?u=RePEc:ris:jhisae:0158&r=all
  7. By: Hanke, Steve H. (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)
    Abstract: Steve H. Hanke is a Professor of Applied Economics and Founder & Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. He is a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington, D.C., a Senior Advisor at the Renmin University of China’s International Monetary Research Institute in Beijing, a Special Counselor to the Center for Financial Stability in New York, a contributing editor at Central Banking in London, and a contributor at the National Review. Prof. Hanke is also a member of the Charter Council of the Society of Economic Measurement and of Euromoney Country Risk’s Experts Panel. In the past, Prof. Hanke taught economics at the Colorado School of Mines and at the University of California, Berkeley. He served as a Member of the Governor’s Council of Economic Advisers in Maryland in 1976-77, as a Senior Economist on President Reagan’s Council of Economic Advisers in 1981-82, and as a Senior Advisor to the Joint Economic Committee of the U.S. Congress in 1984-88. Prof. Hanke served as a State Counselor to both the Republic of Lithuania in 1994-96 and the Republic of Montenegro in 1999-2003. He was also an Advisor to the Presidents of Bulgaria in 1997- 2002, Venezuela in 1995-96, and Indonesia in 1998. He played an important role in establishing new currency regimes in Argentina, Estonia, Bulgaria, Bosnia-Herzegovina, Ecuador, Lithuania, and Montenegro. Prof. Hanke has also held senior appointments in the governments of many other countries, including Albania, Kazakhstan, the United Arab Emirates, and Yugoslavia.
    Date: 2020–04
    URL: http://d.repec.org/n?u=RePEc:ris:jhisae:0154&r=all
  8. By: Hanke, Steve H. (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)
    Abstract: Steve H. Hanke is a Professor of Applied Economics and Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. He is a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington, D.C., a Senior Advisor at the Renmin University of China’s International Monetary Research Institute in Beijing, a Special Counselor to the Center for Financial Stability in New York, a contributing editor at Central Banking in London, and a contributor at Forbes. Prof. Hanke is also a member of the Charter Council of the Society of Economic Measurement and of Euromoney Country Risk’s Experts Panel. In the past, Prof. Hanke taught economics at the Colorado School of Mines and at the University of California, Berkeley. He served as a Member of the Governor’s Council of Economic Advisers in Maryland in 1976-77, as a Senior Economist on President Reagan’s Council of Economic Advisers in 1981-82, and as a Senior Advisor to the Joint Economic Committee of the U.S. Congress in 1984-88. Prof. Hanke served as a State Counselor to both the Republic of Lithuania in 1994-96 and the Republic of Montenegro in 1999-2003. He was also an Advisor to the Presidents of Bulgaria in 1997-2002, Venezuela in 1995-96, and Indonesia in 1998. He played an important role in establishing new currency regimes in Argentina, Estonia, Bulgaria, Bosnia-Herzegovina, Ecuador, Lithuania, and Montenegro. Prof. Hanke has also held senior appointments in the governments of many other countries, including Albania, Kazakhstan, the United Arab Emirates, and Yugoslavia.
    Date: 2019–05
    URL: http://d.repec.org/n?u=RePEc:ris:jhisae:0135&r=all
  9. By: Taguchi, Hiroyuki
    Abstract: This article aims to examine the monetary policy rule under inflation targeting in Mongolia with a focus on its conformity to the Taylor principle, through the two kinds of approaches: a monetary policy reaction function by the generalized-method-of-moments (GMM) estimation and the New Keynesian dynamic stochastic general equilibrium (DSGE) model with a small open economy version by the Bayesian estimation. The main findings are summarized as follows. First, the GMM estimation identified the inflation-responsive rule fulfilling the Taylor principle in the recent phase of the Mongolian inflation targeting. Second, the DSGE-model estimation endorsed the GMM estimation by producing a consistent outcome on the Mongolian monetary policy rule. Third, the Mongolian rule was estimated to have a weaker response to inflation than the rules of the other emerging Asian adopters of inflation targeting.
    Keywords: Monetary policy rule, Taylor Principle, Mongolia, Inflation targeting, monetary policy reaction function, GMM, the New Keynesian DSGE model
    JEL: E52 E58 O53
    Date: 2020–11
    URL: http://d.repec.org/n?u=RePEc:pra:mprapa:104182&r=all
  10. By: Hanke, Steve H. (The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise)
    Abstract: Steve H. Hanke is a Professor of Applied Economics and Founder & Co-Director of the Institute for Applied Economics, Global Health, and the Study of Business Enterprise at The Johns Hopkins University in Baltimore. He is a Senior Fellow and Director of the Troubled Currencies Project at the Cato Institute in Washington, D.C., a Senior Advisor at the Renmin University of China’s International Monetary Research Institute in Beijing, a Special Counselor to the Center for Financial Stability in New York, a contributing editor at Central Banking in London, and a contributor at Forbes. Prof. Hanke is also a member of the Charter Council of the Society of Economic Measurement and of Euromoney Country Risk’s Experts Panel. In the past, Prof. Hanke taught economics at the Colorado School of Mines and at the University of California, Berkeley. He served as a Member of the Governor’s Council of Economic Advisers in Maryland in 1976-77, as a Senior Economist on President Reagan’s Council of Economic Advisers in 1981-82, and as a Senior Advisor to the Joint Economic Committee of the U.S. Congress in 1984-88. Prof. Hanke served as a State Counselor to both the Republic of Lithuania in 1994-96 and the Republic of Montenegro in 1999-2003. He was also an Advisor to the Presidents of Bulgaria in 1997-2002, Venezuela in 1995-96, and Indonesia in 1998. He played an important role in establishing new currency regimes in Argentina, Estonia, Bulgaria, BosniaHerzegovina, Ecuador, Lithuania, and Montenegro. Prof. Hanke has also held senior appointments in the governments of many other countries, including Albania, Kazakhstan, the United Arab Emirates, and Yugoslavia. Prof. Hanke has been awarded honorary doctorate degrees by the Bulgarian Academy of Sciences, the Universität Liechtenstein, the Universidad San Francisco de Quito, the Free University of Tbilisi, Istanbul Kültür University, Varna Free University, and the D.A. Tsenov Academy of Economics in recognition of his scholarship on exchange-rate regimes.
    Date: 2019–01
    URL: http://d.repec.org/n?u=RePEc:ris:jhisae:0133&r=all
  11. By: David Gomtsyan; Alexander Tarasov
    Abstract: In this paper, employing transaction level data for Russian imports, we explore the role of multi-product shipments in explaining shipping patterns across countries. First, we document that firms from more developed countries include on average more different products into a single shipment. We then show that such multi-product shipments can potentially explain why more developed countries tend to have a higher number of shipments per period with a lower average quantity and value. The mechanism considered in the paper is based on that multiproduct shipments allow splitting fixed costs per shipment across many products and, therefore, reducing total shipment costs. As a result, more developed countries tend to have lower fixed costs per shipment. Finally, we construct a simple partial equilibrium model that enables us to quantify the role of multi-product shipments in determining shipping costs.
    Keywords: asymmetric trade costs, fixed costs per shipment, advanced countries
    JEL: F10
    Date: 2020
    URL: http://d.repec.org/n?u=RePEc:ces:ceswps:_8652&r=all

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