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on Confederation of Independent States |
| By: | Jamal BOUOIYOUR; Refk SELMI; Muhammad SHAHBAZ; Aviral Kumar TIWARI |
| Abstract: | The Nexus between Oil price and Russia's Real Exchange rate: Better Paths via Unconditional vs Conditional Analysis |
| Date: | 2014–09 |
| URL: | http://d.repec.org/n?u=RePEc:tac:wpaper:2014-2015_4&r=cis |
| By: | Maiya Anokhina (National Research University Higher School of Economics, Moscow); Henry Penikas (National Research University Higher School of Economics, Moscow); Victor Petrov (National Research University Higher School of Economics, Moscow) |
| Abstract: | The increased role of financial institutions in the economy leads to a need to determine those that are systemically important. The bankruptcy of such institutions creates negative effects for the economy on the global scale. The aim of this article is to identify important financial coefficients that can be used in the methodology of identification of G-SIB and G-SII. Models of binary choice and models of ordered choice are used in this article, several models are highly predictive. Besides this paper has revealed several financial coefficients, that helped to find the probabilities of G-SIF for Russian banks and insurance companies. |
| Keywords: | Systemic importance; Basel committee, probability of default, financial coefficients; models of ordered choice, models of binary choice, global systemically important banks (G-SIB), insurance company. |
| JEL: | C70 E58 G21 |
| Date: | 2014–09 |
| URL: | http://d.repec.org/n?u=RePEc:pav:demwpp:085&r=cis |
| By: | Tiiu Paas; Olga Demidova |
| Abstract: | The paper focuses on a comparative analysis of people’s attitudes towards immigrants’ role in several aspects of countries’ life depending on individual’s socio-demographic and economic characteristics in Estonia and Russia. The empirical part of the paper relies on the European Social Survey (ESS) fifth round database. The results of the study show that Estonian peoples’ attitudes towards immigrants are, on average, better in all aspects of the country’s life – economy, culture and the country as a living place, compared to Russia. Both economic and non-economic factors explain the observed variation of individual’s opinions about the role of immigrants in countries’ life. Ethnic minorities, religious people and people with higher income are more tolerant to immigrants in both countries. Socio-demographic characteristics such as age, gender and education are valid determinants of people’s attitudes towards immigrants only in Estonia. Better educated people have more positive attitudes towards immigrants compared to less educated people in the case of Estonia but not Russia. The results of the analysis therefore highlight the necessity to take different factors into account for the design of migration and integration policies in the countries with ethnically diverse population. |
| Keywords: | attitudes towards immigrants, European Social Survey, comparative analysis, Estonia, Russia |
| JEL: | P2 C31 C35 O40 |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:mtk:febawb:94&r=cis |
| By: | Dmitry Edelev (Modern trading "North-South" Department - Moscow State University of Food Production) |
| Abstract: | The article highlights the problem of formation and development of services related to the health-resort business and tourism. Based on the analysis of Russian and foreign experience of industrial development, the author reveals a system of relationships that affects the organization of recreational services as well as their underlying concepts and models of consumer behavior. |
| Keywords: | TOURISM, BUSINESS TOURISM, TOURIST AND RECREATIONAL COMPLEX, RECREATION SERVICES, HEALTH INDUSTRY |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-01063339&r=cis |
| By: | Anastasiya Redkina (National Research University Higher School of Economics) |
| Abstract: | This article is motivated by a growing interest in the problem of merger control quality assessment. Remedies are one of the instruments of merger control and have a significant influence on the results of it. This paper aims to build and empirically evaluate a discrete choice model of merger remedies implementation in Russian merger control. The database consists of 443 merger cases accepted by the Russian antimonopoly agency between 2008 and 2011. We analyse the agency’s decisions to find which characteristics of merging firms and markets lead the Federal Antimonopoly Service to decide whether to allow conditional acceptance. We find that variables related to high market power lead more frequently to a remedy outcome. Such industries as the energy sector, communications and insurance positively affect the probability of a structural remedy. We do not find significant effects of “non-structural” variables, such as the world leader and the nationality of the firm-buyer |
| Keywords: | merger control, behavioural and structural remedies, discrete choice models |
| JEL: | K21 L40 D78 |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:hig:wpaper:62/ec/2014&r=cis |
| By: | Igor Fedyukin (National Research University Higher School of Economics); Salavat Gabdrakhmanov (National Research University Higher School of Economics) |
| Abstract: | This study employs a unique database covering 2,293 cadets who graduated from the Noble Land Cadet Corps in St Petersburg from 1732 – 1762 to investigate the role of cultural capital in early modern Russia. Our analysis suggests that within this sample cultural capital was negatively correlated with wealth, but positively with father’s rank within the state service. At the corps itself, wealth and social status of families did not directly affect the success of their sons. The only significant factor of success at this school (promotion to a particular rank at graduation) was the family’s access to “Western” education and cultural skills. The results indicate the state was able to create an institutional framework where the possession of new “imported” knowledge and social skills gave the holder a measurable advantage over his peers. This could be considered one of the mechanisms which contributed to the sustainability of the cultural and social regime created by Peter I. |
| Keywords: | cultural capital, nobility, education, early modern state, Peter I, Noble Cadet Corps, Russia |
| JEL: | Z |
| Date: | 2014 |
| URL: | http://d.repec.org/n?u=RePEc:hig:wpaper:59hum2014&r=cis |
| By: | Natalia Mayorova (Modern tradng "North-South" Department - Moscow State University of Food Production) |
| Abstract: | В статье исследуются организационные формы системы высшего образования в условиях повышения массовости высшего образования и обострения проблем его государственного финансирования. Рассматривается вопрос о перспективах объединения государственного и частного финансирования образования. Особое внимание уделяется проблеме доступности высшего образования и основным тенденциям ее трансформации. |
| Keywords: | экономика знаний ; прагматизация и гума- нитаризация образования ; экономическая доступность обра- зования ; качество образования. |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-01058981&r=cis |
| By: | Dmitry Edelev (Modern trading "North-South" Department - Moscow State University of Food Production) |
| Abstract: | The article is devoted to the theoretical analysis of current trends in industry development of reproduction structures. Infrastructure functional role of industry is growing in development of national economy. This role is estimated not only by a a direct contribution to a value added, but also by creation of a network of the new reproduction economic relations. |
| Keywords: | INDUSTRY, GLOBALIZATION, REPRODUCTION STRUCTURE, VALUE ADDED, INFRASTRUCTURE |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-01063356&r=cis |
| By: | Natalia Mayorova (Modern tradng "North-South" Department - Moscow State University of Food Production) |
| Abstract: | The article is devoted to the problem of formation of new economic relations related to services of higher education system in a context of transition of formation of preconditions of transition of national economy on innovative bases of development. In order to create innovative socially orientated economy with the continuous individualized education there is a recommendation to integrate financial possibilities of the state and the population by using the mechanism of the universal electronic card. |
| Keywords: | ECONOMIC RELATIONS, INNOVATIONS, ECONOMY OF KNOWLEDGE, REFORM OF THE HIGHER EDUCATION, EDUCATIONAL SERVICES, UNIVERSAL ELECTRONIC CARD |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-01062923&r=cis |
| By: | Natalia Mayorova (Modern tradng "North-South" Department - Moscow State University of Food Production) |
| Abstract: | The article describes the new structure of the economic relations connected with providing educational services. First of all, there is a need to increase an income of the higher school and to create equal conditions to qualitative higher education for representatives of all the population segments. The article is focused on reasons of growth of personal expenses for knowledge acquisition, defining the specifics of related control systems and a trajectory of development of the higher school management. |
| Keywords: | ECONOMIC RELATIONS, ECONOMY OF KNOWLEDGE, CHARGEABLE EDUCATIONAL SERVICES, EDUCATIONAL SPACE |
| Date: | 2013 |
| URL: | http://d.repec.org/n?u=RePEc:hal:journl:hal-01062520&r=cis |
| By: | Sarit Cohen Goldner (Bar-Ilan University); Gil S. Epstein (Bar-Ilan University) |
| Abstract: | We focus on high school dropout rate among male and female immigrant children. We consider the relationship between the dropout rate and age of arrival of the immigrants. Using repeated cross sectional data from the Israeli Labor Force Surveys of 1996-2011 we show that the share of high school dropouts among immigrant children who arrived from the Former Soviet Union during 1989-1994 is at least as double than among natives in the same age group. Further, we show that among immigrant youth there is a monotonic negative relation between age at arrival and the share of high school dropouts. To understand our results we present a theoretical framework that links between age at arrival in the host country, language proficiency, quality of education and wages. |
| Keywords: | Immigrants,age at arrival, high-school dropouts. |
| JEL: | I21 J24 J61 |
| Date: | 2014–07 |
| URL: | http://d.repec.org/n?u=RePEc:biu:wpaper:2014-05&r=cis |