A Three Sector Model Of The Russian Virtual Economy PDF Download

Are you looking for read ebook online? Search for your book and save it on your Kindle device, PC, phones or tablets. Download A Three Sector Model Of The Russian Virtual Economy PDF full book. Access full book title A Three Sector Model Of The Russian Virtual Economy.

Russia's Virtual Economy

Russia's Virtual Economy
Author: Clifford G. Gaddy
Publisher: Brookings Institution Press
Total Pages: 322
Release: 2002
Genre: Business & Economics
ISBN: 9780815731115

Download Russia's Virtual Economy Book in PDF, ePub and Kindle

Clifford Gaddy's and Barry Ickes' thesis-- that Russia's economy is based on illusion or pretense about nearly every important economic yardstick, including prices, sales, wages and budgets-- has forced broad recognition of the inadequacies of the intended market reform policies in Russia and provided a coherent framework for understanding how and why so much of Russia's economy has resisted reform.


Testing Russia's Virtual Economy

Testing Russia's Virtual Economy
Author: Vlad Ivanenko
Publisher:
Total Pages: 0
Release: 2003
Genre:
ISBN:

Download Testing Russia's Virtual Economy Book in PDF, ePub and Kindle

In the aftermath of sovereign default of August 1998, the hypothesis of virtual economy in Russia developed by Gaddy and Ickes has gained popularity. The hypothesis states that the country has not moved towards free-market economy but developed a system of implicit price subsidization similar to what had existed before. Non-viable sectors that the state supported with subsidies before survive by over-pricing their output. Customers pass the bill back to the government by reducing their tax liabilities. We test the proposition that the distribution of the value-added across sectors is biased because of price distortions and estimate the distribution at world prices. The results support the claim that Russian price structure is different from the world level and three out of fifteen sectors, for which we construct price indices, become "value-destroying". We investigate the reasons behind price differentials and find that difference in processing and the use of barter explain a large part of it.


A Model of Russia's 'Virtual Economy'

A Model of Russia's 'Virtual Economy'
Author: Richard E. Ericson
Publisher:
Total Pages: 49
Release: 2007
Genre:
ISBN:

Download A Model of Russia's 'Virtual Economy' Book in PDF, ePub and Kindle

The Russian Economy has evolved into a hybrid form, a partially monetized quasi-market system that has been called the virtual economy. In the virtual economy, barter and non-monetary transactions play a key role in transferring value from productive activities to the loss-making sectors of the economy. We show how this transfer takes place, and how it can be consistent with the incentives of economic agents. We analyze a simple partial-equilibrium model of the virtual economy, and show how it might prove an obstacle to industrial restructuring and hence marketizing transition.


The U.S. and Russia

The U.S. and Russia
Author: United States. Congress. House. Committee on International Relations
Publisher:
Total Pages: 222
Release: 1998
Genre: Economic assistance, American
ISBN:

Download The U.S. and Russia Book in PDF, ePub and Kindle


The New Russia

The New Russia
Author: Ian Jeffries
Publisher: Routledge
Total Pages: 660
Release: 2013-12-19
Genre: History
ISBN: 1136870652

Download The New Russia Book in PDF, ePub and Kindle

The rapid changes in Russia since the collapse of the Soviet Union are often bewildering, with many frequent, highly significant changes in the different sectors of the economy and the political system. There have been frequent changes of personnel in government and economic management and many changes have been reversed - and sometimes forgotten, or at other times reinstated. What happened when? Who was responsible for what? Did such a change in one sector precede or follow a particular change elsewhere? These are points not easily remembered. This book provides full details of the many changes, and enables sense to be made of what would otherwise be a confusing situation. Developments are arranged chronologically by sector, and the book is unusual in extensively chronicling both economic and political developments and the crucial connections between them. There is a generous introduction and overview to help the reader find his or her way around. The material covers the period up to late autumn 2000, and thus offers a valuable guide to policies in the Putin era.


Stuck in Transit

Stuck in Transit
Author: Erik Berglöf
Publisher: Centre for Economic Policy Research
Total Pages: 68
Release: 1999
Genre: Economics
ISBN: 9781898128441

Download Stuck in Transit Book in PDF, ePub and Kindle

On August 17, 1998, the Russian economy was finally punished for the delays in reforms, the lack of fiscal discipline and the overvalued exchange rate: the government was forced to devalue the ruble and default on its debt obligations. This Report discusses the policy options for rebuilding the Russian economy in the light of those traumatic events, their underlying causes and the deep flaws they exposed in the process of reform. The Report draws on new work by economic researchers at the Russian European Centre for Economic Policy (RECEP) in association with a range of top international scholars. It explores the long-term policy challenges in key areas of the Russian economy, including fiscal and monetary policy, the labor market, the financial sector, industrial restructuring and the barter economy.


Russia's Oil and Natural Gas

Russia's Oil and Natural Gas
Author: Michael Ellman
Publisher: Anthem Press
Total Pages: 231
Release: 2006
Genre: Business & Economics
ISBN: 1843312174

Download Russia's Oil and Natural Gas Book in PDF, ePub and Kindle

Explores the role of Russian oil and gas in the Russian economy.


Russian Economic Turmoil

Russian Economic Turmoil
Author: United States. Congress. House. Committee on Banking and Financial Services
Publisher:
Total Pages: 200
Release: 2000
Genre: Business & Economics
ISBN:

Download Russian Economic Turmoil Book in PDF, ePub and Kindle