International Journal of Economic Policy in Emerging Economies (12 papers in press)
Explaining the Performance of Russian Export: What Role Does the Hard and Soft Infrastructure Play?
by Sergey M. Kadochnikov, Anna A. Fedyunina
Abstract: In this paper, we estimate the effects of
Keywords: export survival; export performance; hard infrastructure; soft infrastructure; Russian regions .
Current status of higher education in the regions of Russia: a pilot study
by Anastasiya Sudakova
Abstract: The article introduces a methodology for higher education assessment in territories with the status of constituent federal subjects and shows the effect of its application in Russia. The monitoring procedure of the indicative figures of HE groups can be divided into two units: the operating conditions and status of HE infrastructure and the status of educational and scientific research in the HE system. Conducted over a five-year period, the analysis showed no direct correlation between growth of investment and education quality. The gap in the growth rate of financing in some regions is several times wider. Obviously, there is a discrepancy between the leading receivers and leaders in education quality. This addresses the need to reform the regulation of the higher education system, particularly with respect to setting priorities for its development and the improvement of financial and economic mechanisms.
Keywords: higher education (HE); indicative analysis; the Russian Federation (the RF); operating conditions and status of the HE infrastructure; educational and scientific research activities in the HE system.
Empirical Analysis of Civil Servants Wage and Maintenance Setting: Evidence from Perm Region.
by Ekaterina Oparina
Abstract: At a time of public expenditure cuts the issue of how public sector workers should be remunerated is of central importance. The paper presents an approach to wage and maintenance cost setting for municipal employees. Norm setting allows creating equal and fair conditions for local administrations, optimizing the structure and number of municipal employees, attracting qualified personnel. To determine the best mechanism for establishing the norm, we analyze the key features of the existing methods, formulate criteria for municipalities grouping and create the formula for norm calculating. Norm setting methodology is empirically tested, based upon 2013 data for the 339 municipalities of Perm region, and policy implications of the results are discussed.
Keywords: Norm setting; public service; municipal finance; public finance; municipal workers wage; wage setting; public sector labour market; Perm region.
The impact of spatial concentration on enterprise performance: is localization level optimal in Russia?
by Natalia Davidson, Oleg Mariev
Abstract: This paper empirically analyzes the effect of spatial concentration of economic activities on enterprise productivity, using Russian firm-level data from 1999 to 2008. Panel data allows us to control for endogeneity biases associated with estimation of agglomeration economies, using fixed effects method. Our results show that Russian firms benefit from localization and urbanization economies, as well as from home market potential, and that these benefits vary across industries and cities. We also find that localization benefits are not well internalized by firms in their location choice, i.e. there is difference between the pattern of location that would maximize productivity gains and the observed one. It shows that regional policy could help approaching optimum level of localization economies.
Keywords: spatial concentration; localization; urbanization; home market potential; enterprise productivity; Russian cities.
Macroeconomic Policy and Exchange Rate Impacts on the Foreign Direct Investment in ASEAN Economies
by Mei Foong Wong
Abstract: ASEAN region has become one of the most attractive investment regions in the developing world which attracted significant amount of foreign direct investment (FDI) stock. Nevertheless, FDI inflows of the ASEAN region has shown increasing volatility which has given a renewed stimulus to research interest in the linkages between the macroeconomic policies, exchange rate and FDI inflows in ASEAN economies. This study examines the long-run relationship between macroeconomic policy, exchange rate and foreign direct investment in the selected ASEAN-four-plus-one countries from 1995 to 2015. The analysis was based on the panel unit root test, panel cointegration test, fully modified ordinary least squares estimator and dynamic ordinary least squares estimator. The results demonstrate that fiscal and monetary policies, exchange rate and FDI are cointegrated for the whole panel of countries. Furthermore, the panel estimators reveal that the relationship between macroeconomic policy, exchange rate and FDI is positive and statistically significant.
Keywords: foreign direct investment; FDI; macroeconomic policy; exchange rate; ASEAN economies.
Special Issue on: International Conference New Industrialisation, Spatial Development and Human Capital
Strengthening Competitive Forces in Russian
Mandatory Health Insurance
by Hans Wiesmeth
Abstract: The Russian health care system has experienced significant reformssince the early 1990s. The traditional Semashko system of the Soviet
Union was replaced by a more decentralized and insurance-based system,
which in turn was augmented and modified several times with
the goal to strengthen competitive forces for better quality of health
care, to open equal access to quality medical care, in particular.
Nevertheless, despite these serious attempts, the actual situation
is still far from this goal. A serious lack of financial means, and framework
conditions, which are not in favor of strong competitive forces,
have to be blamed in the first place.
In this context, a rigorous formal analysis is applied to provide
insight into the competitive forces in Russian mandatory health insurance.
The paper investigates first the current system. Thereafter,
a modified system with more possibilities of competition will be proposed.
Besides an increase in funding, this modified system requires
structural changes in comparison to the current system.
The results obtained refer to existence of equilibria and their structural,
efficiency and fairness properties, which are of relevance for the
further development of the Russian health care system.
Keywords: Health system Russia; Health insurance; Competition,
Mandatory membership; Locational equilibrium; Health care quality,
Special Issue on: Diverse Perspectives on Income, Money and Banking
Bank Specific Factors and Macro Economic Factors on Indonesians Bank Efficiency
by Nurafni Eltivia
Special Issue on: Mixed-methods Approach to Economic and Business Analyses in Emerging Economies
Budget Process of Local Government in Indonesia
by Harryanto, Kartini, Haliah
Indias new law on Sexual Harassment and its implications on the Corporate Sector
by Geeta M Jaisingh, Jaya Mathew
ANALYSIS OF FACTORS AFFECTING IMPLEMENTATION BANKING INTERMEDIATION FUNCTION
by HERRY ACHMAD BUCHORY
Special Issue on: Performance Impacts of Policies and Reforms
Service-dominant logic and supply networks: missed opportunities for business in developing countries?
by Mawuko Dza, Ron Fisher, Rod Gapp
Special Issue on: Socio-Economic Impacts of Government Policies and Firm Strategies
Tax reform and earning management: Political cost hypothesis test in indonesia
by Vierly Ananta Upa