Working paper
Институт минимальной заработной платы в странах ОЭСР
The shift from a centrally planned to a market-based economy involves, amongst other elements, the restructuring of state-owned or privatized enterprises. Realigning product lines, adopting new technology and imposing sound finances are all important stages in the integration of enterprises into world markets.
This book analyses the efficiency and equity of the economic restructuring in the two largest successor states of the Soviet Union, Russia and Ukraine. It raises important questions such as why these countries have been relatively slow to pursue restructuring policies, how the transition has affected labour markets and institutions, and how it impacted on poverty and social safety. The analysis is based on a careful examination of micro-level data, documenting the experiences of and interactions between individuals and institutions.
In order to make a thorough examination of the Austrian business model, this paper investigates the following institutional complementarities. The first complementarily is the ownership structure. This includes board compositions, as well as the role of the state and banks in business. The second is industrial relations. It contains labour market policy, labour participation and protection. The third is inter-firm-relation. This complementarily involves credit accessibility, relations with foreign counterparts, imports and exports as well as energy resource dependence and organizations providing support to business activities. And the last is education system which contains details about general education and firm-specific education.
In the article the classification of indicators of efficiency of scientific activity, and also the list of criteria which they should satisfy are suggested. The indicator of productivity of scientific activity used in Russia (IPSA) is analyzed and its limitation for measurement of the results of scientific activity is proved. New IPSA, the technique of their calculation and the way of calculation of the wages of the faculty on the basis of these indicators are worked out.
scientific activity, a productivity indicator, a citing index, the impact factor
The paper examines the structure, governance, and balance sheets of state-controlled banks in Russia, which accounted for over 55 percent of the total assets in the country's banking system in early 2012. The author offers a credible estimate of the size of the country's state banking sector by including banks that are indirectly owned by public organizations. Contrary to some predictions based on the theoretical literature on economic transition, he explains the relatively high profitability and efficiency of Russian state-controlled banks by pointing to their competitive position in such functions as acquisition and disposal of assets on behalf of the government. Also suggested in the paper is a different way of looking at market concentration in Russia (by consolidating the market shares of core state-controlled banks), which produces a picture of a more concentrated market than officially reported. Lastly, one of the author's interesting conclusions is that China provides a better benchmark than the formerly centrally planned economies of Central and Eastern Europe by which to assess the viability of state ownership of banks in Russia and to evaluate the country's banking sector.
The paper examines the principles for the supervision of financial conglomerates proposed by BCBS in the consultative document published in December 2011. Moreover, the article proposes a number of suggestions worked out by the authors within the HSE research team.