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  • Document

    Currency substitution in Russia

    Economic Education and Research Consortium,, Russian Federation, 2001
    Due to high inflation and the lack of financial instruments, the Russian economy is currently highly dollarized. The share of dollars in the total amount of cash circulating in the Russian economy constitutes about 80%.
  • Document

    Wage-setting and employment behavior of enterprises during the period of economic transition

    Economic Education and Research Consortium,, Russian Federation, 2001
    This article investigates wage-setting and employment behaviour of enterprises during the period of transition in Russia.An effort is made to identify the behaviour of various enterprises and to determine specific factors that affect it.The paper uses panel data on large-sized and average-sized enterprises in the Novosibirsk region, covering the periond 1992 - 1998.The results of the rese
  • Document

    Does financial-industrial group membership affect fixed investment?: evidence from Russia

    Economic Education and Research Consortium,, Russian Federation, 2001
    Unregistered Financial-Industrial Groups and non-group subsets were analyzed in order to compare sensitivities of investment to changes in internal liquidity between these sets of firms.The paper finds that: The financial system that existed in 1996 - 1997 in Russia did not provide external finance to the majority of enterprises. Only the largest enterprises had access to credits.
  • Document

    The report on the global HIV/AIDS epidemic 2002

    Joint United Nations Programme on HIV/AIDS, 2002
    The AIDS epidemic is still in an early phase – HIV prevalence is climbing higher than previously believed possible in the worst-affected countries and is continuing to spread rapidly into new populations in Africa, Asia, the Caribbean and Eastern Europe.
  • Document

    Trade, growth, and poverty

    Economic Growth Project, World Bank, 2001
    Looks at the effect of globalization on inequality and poverty. The authors identify a group of developing countries that are participating more in globalization. These "globalizers" include China, India, and several other large countries, so well over half of the population of the developing world lives in these globalizing economies.
  • Document

    External debt and economic growth in sub-Saharan African countries: an econometric study

    African Economic Research Consortium, 1999
    This paper assesses whether the cancellation of debt could provide the stimulus to investment recovery and economic growth in sub-Saharan Africa.
  • Document

    An analysis of the implementation and stability of Nigerian agricultural policies,1970-1993

    African Economic Research Consortium, 2000
    This study documents and identifies discontinuities in agricultural policies in Nigeria through the period 1970-1993.The results of the study show the concerns that private agents have about policy discontinuities are legitimate. Agricultural policies were relatively more stable before than after adjustment suggesting that the major policy shift of 1985-1986 heightened policy instabilit
  • Document

    Nigeria: towards an optimal macroeconomic management of public capital

    African Economic Research Consortium, 2000
    This study uses state-level data on Nigeria to contribute to the literature on the connection between regional economic performance and infrastructure investment.At one level the findings add to the body of accumulated evidence suggesting a correlation between output and the availability of certain kinds of infrastructure.
  • Document

    International stock market linkages in southern Africa

    African Economic Research Consortium, 2001
    This paper investigates the extent of linkages among three stock markets in southern Africa, specifically Botswana, Zimbabwe and South Africa.
  • Document

    An empirical analysis of interest rate spread in Kenya

    African Economic Research Consortium, 2001
    This paper explains the factors determining interest rate spread for Kenya's banking sector.Kenyas experience indicates a widening spread in the post-liberalization period.The paper claims that: The interest rate spread increased because of yet to be gained efficiency and high intermediation costs. The increase in spread in the post-liberalization period stemmed from the failure

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