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Towards increased complexity in Russian regions : networks, diversification and growth
(16.04.2018)
BOFIT Discussion Papers 8/2018
BOFIT Discussion Papers 8/2018
Following Hausmann et al. (2011), we apply a network approach to measure the level of economic complexity and diversification opportunities of Russian regions. Using Russian and international export data, we find that the ...
Crony banking and local growth in China
(12.05.2017)
BOFIT Discussion Papers 8/2017
BOFIT Discussion Papers 8/2017
The rise of city commercial banks (CCBs) in Chinese cities provides a unique opportunity to study the finance and growth nexus at the city level. Given the notorious inefficiency of China's “Big Four” state banks, policymakers ...
Could climate change affect government expenditures? Early evidence from the Russian regions
(22.09.2015)
BOFIT Discussion Papers 27/2015
BOFIT Discussion Papers 27/2015
This paper explores the implications of climate change for government expenditures. Using a rich sub-national dataset for Russia covering 1995–2009, we estimate the impacts of changes in climatic conditions through short-term ...
Gulags, crime, and elite violence : origins and consequences of the Russian mafia
(03.11.2020)
BOFIT Discussion Papers 24/2020
BOFIT Discussion Papers 24/2020
This paper studies the origins and consequences of the Russian mafia (vory-v-zakone). I web scraped a unique dataset that contains detailed biographies of more than 5,000 mafia leaders operating in 15 countries of the ...
The misallocation in the Chinese land market
(21.10.2020)
BOFIT Discussion Papers 23/2020
BOFIT Discussion Papers 23/2020
This paper proposes a spatial equilibrium model to quantify welfare losses from land market distortions in China. In the model, heterogeneous firms in a variety of sectors choose their locations across regions with costly ...
Politically motivated intergovernmental transfers in Russia : The case of the 2018 FIFA World Cup
(29.01.2021)
BOFIT Discussion Papers 2/2021
BOFIT Discussion Papers 2/2021
This paper studies the distribution of politically motivated intergovernmental transfers in Russia focusing on the case of the 2018 FIFA World Cup. It investigates what factors have accounted for the selection of the 2018 ...
Depositor discipline in Russian regions: Flight to familiarity or trust in local authorities?
(19.01.2017)
BOFIT Discussion Papers 1/2017
BOFIT Discussion Papers 1/2017
We analyze whether a depositor’s familiarity with a bank affects depositor behavior during a financial crisis. Familiarity is measured by the presence of regional or local cues in the bank’s name, while depositor behavior ...
Who profits from windfalls in oil tax revenue? Inequality, protests, and the role of corruption
(25.01.2022)
BOFIT Discussion Papers 2/2022
BOFIT Discussion Papers 2/2022
We investigate the relationship between oil windfalls and income inequality using the subnational data of one of the resource-richest and most unequal countries in the world – Russia. While previous literature produced ...
Spatial disparity of skill premium in China : The role of financial intermediation development
(13.07.2022)
BOFIT Discussion Papers 6/2022
BOFIT Discussion Papers 6/2022
In China, the relative wages of high-skilled and low-skilled workers display huge variation across different regions. We examine whether financial intermediation development can explain such variation. Conceptually, ...
Revealed in transition : The political effect of planning’s legacy
(07.11.2022)
BOFIT Discussion Papers 12/2022
BOFIT Discussion Papers 12/2022
Decades of investment decisions by central planners left communist societies with structures of production ill-prepared for competitive markets. Their vulnerability to liberalization, however, varied across space. Similar ...