Add to ORKGIn 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 fro...
This paper examines structural change in the Russian economy in 1990-2001, as measured by the changi...
In August 2014, the Russian Federation implemented an embargo on select food and agricultural import...
There is a widespread opinion that goods, especially foods, and services in Russia are very cheap as...
The virtual economy argument for Russia suggests that barter -a payment in goods rather than cash - ...
This paper is a reply to Barry Ickes' critique of my paper “Trust versus Illusion: What is Driving...
Working with 110 pairs of time series of state and market commodity prices in Russia, we search for ...
This paper is a reply to Barry Ickes ' critique of my paper “Trust versus Illusion: What is Dri...
Financial support from the Deutsche Forschungsgemeinschaft through SFB/TR 15 is gratefully acknowled...
The rise of barter and non-cash payments has become a dominant feature of the Russian transition to ...
Compared to socialist planning the market economy is Pareto superior. To infer from this assumption ...
A general consensus in the transition economies literature links the existence of enterprise restruc...
In this paper we survey the common explanations of barter in transition economies and expose them to...
In this paper we survey the common explanations of barter in transition economies and expose them to...
In this paper we survey the common explanations of barter in transition economies and expose them to...
Der vorliegende Beitrag untersucht das Paradigma der 'virtuellen Oekonomie' in Zusammenhang mit dem ...
This paper examines structural change in the Russian economy in 1990-2001, as measured by the changi...
In August 2014, the Russian Federation implemented an embargo on select food and agricultural import...
There is a widespread opinion that goods, especially foods, and services in Russia are very cheap as...
The virtual economy argument for Russia suggests that barter -a payment in goods rather than cash - ...
This paper is a reply to Barry Ickes' critique of my paper “Trust versus Illusion: What is Driving...
Working with 110 pairs of time series of state and market commodity prices in Russia, we search for ...
This paper is a reply to Barry Ickes ' critique of my paper “Trust versus Illusion: What is Dri...
Financial support from the Deutsche Forschungsgemeinschaft through SFB/TR 15 is gratefully acknowled...
The rise of barter and non-cash payments has become a dominant feature of the Russian transition to ...
Compared to socialist planning the market economy is Pareto superior. To infer from this assumption ...
A general consensus in the transition economies literature links the existence of enterprise restruc...
In this paper we survey the common explanations of barter in transition economies and expose them to...
In this paper we survey the common explanations of barter in transition economies and expose them to...
In this paper we survey the common explanations of barter in transition economies and expose them to...
Der vorliegende Beitrag untersucht das Paradigma der 'virtuellen Oekonomie' in Zusammenhang mit dem ...
This paper examines structural change in the Russian economy in 1990-2001, as measured by the changi...
In August 2014, the Russian Federation implemented an embargo on select food and agricultural import...
There is a widespread opinion that goods, especially foods, and services in Russia are very cheap as...