EERC news
May 27, 2016
The 40th Anniversary Research Workshop was held in Kyiv School of Economics, Kyiv May 21 - 22, 2016.
December 15, 2015
Your idea could be the next winner of the Global Development Awards Competition 2016. Every year, GDN awards up to $US 90,000 worth of grants to research proposals and innovative development projects as part of the Global Development Awards Competition. The deadline for submitting the proposals is 15 January, 2016.
December 02, 2015
Cеминар будет проводиться в КШЕ в Киеве 117-18 декабря 2015 года.
August 05, 2015
The unique KSE MBA program efficiently combines a comprehensive approach to a real-life case learning, analytical methods for decision-making and is specifically designed to educate a new generation of business leaders on how to make the most out of opportunities the global markets offer. KSE MBA combines high academic standards of top EU and US business schools with practical real-life cases from top employers of Ukraine which constitute an essential part of the program curriculum.
Research workshop #40
List of participants
Group Project Status Researchers Project Title Project Description
15-081 B FR
Asatryan Zareh
Evidence on Tax Evasion from Micro Data in Transition Countries see original
15-079 B FR
Polyachenko Sergiy
Do changes in social and economic characteristics affect attitude towards price control? In this project, we plan to study factors of changes in market preferences of Russians. In particular, we will consider changes in demand for government price regulation reported by respondents of Russian Longitudinal Monitoring survey between years 2006 and 2013. Our aim is to estimate (using regression analysis) the effect of the change in social and economic characteristics on the change in individual demand for government price control. Based on our motivation and on the comprehensive study of literature we define the following effect of change in dividual education, household wealth, individual economic expectations and individual health.
15-067 A FR
Kuznetsova Maria
Spatial structure and economic network formation of manufacturing exports in Russia Research project is aimed to analyse the determinants of exporting behavior of Russian small and medium-size enterprises in manufacturing sector. We propose to study informational trade barriers, whether informational spillover effects exist among potential and active exporters, how do they affect extensive and intensive margins of trade, though what channels (product, industry, destination, labor force, fixed/variable trade costs etc.) and what is spatial and time decays for spillover effects.
15-046 B FR
Kolomiiets Uliana
Quality Attributes and Their Impact on Price During transition period, a market of consumption goods adopts features of planned as well as free economies. Under such conditions, price quality relationship cannot follow the standard rule, therefore, it requires review. The proposed research decomposes quality into intrinsic ad extrinsic attributes and investigate their effects on price in price controlled and uncontrolled markets. The object of the study is food products mostly from Ukrainian and Belarussian consumption markets which are in transition. Intrinsic quality attributes were verified from blind taste experiments, run in the purpose of TV show in Ukraine and in the purpose of product quality competition in Belarus. Brand awareness and a country of origin serve as extrinsic informational cues about the quality. Using modified hedonic pricing procedure, we showed that prices in Ukrainian economy reflect the quality, unlike in Belarus. Moreover, the products were classified intro two groups: price controlled and price uncontrolled commodities. For Ukraine, the intrinsic and extrinsic price effects are significant in free market and insignificant for price controlled market. For Belarus, the effects are insignificant in both markets, meaning that the price does not reflect the quality. The difference between results from two countries allows to assume that there is no free market in Belarus, in turn, the economy is in the earliest stages of its transition. Therefore, the analysis suggests that the higher the level of implantation of government price control policy, the ability of prices to reflect quality decreases.
15-043 A FR
Shapoval Alexander
Goncharenko Vasily
A Response of the Economy to Changes in Employment Structure We develop a theory of monopolistic competition with general preferences. We consider a two-sector economy in which firms compete monopolistically in the manufacturing sector and face perfect competition in the standard sector. The wages are assumed to be sector specific, in contrast to a recent research of Zhelobodko et al (2012). We prove the existence and uniqueness of the general equilibrium and estimate a response of real prices to the outflow of labor from the manufacturing sector. This is done with the elasticity of substitution E between manufactured goods. The direction of this response depends on the sensitivity of E to replacement of any product by another one in the equilibrium consumption bundle. We find the most efficient ratio of workers in manufacturing and posit that wage inequality disappears in the socially optimal equilibrium. Then we argue that de-industrialization in developed countries sharpens inequality between the workers and decreases the welfare of society as a whole.
15-030 B FR
Abramishvili Zurab
The Principal Principle: How an Immediate and Random Replacement of School Principals Illuminates Their Value Added; A Case of Education Policy in Georgia This project aims to investigate the effects of a unique education policy on the learning outcomes of public school students in Georgia. In 2007, the Georgian government enacted legislation mandating replacement of all public school principals, on the assumption that randomly assigned passing candidates to public schools would fairly decentralize school governance across Georgia. Given that under the policy all public school principals were dismissed at once and new candidates, ranked by standardized test scores, replaced them through a random allocation mechanism (by lottery), a basic difference-in-differences methodology will identify the contribution of principals to education outcomes. The policy change resulted in three groups: the pure control group of private school principals, the “semi-control” group of returning public school principals, and the full treatment group of new, randomly assigned principals. Furthermore, the benefit of school leadership quality upon students will be evaluated through a “value-added” model.
15-010 A FR
Vdovychenko Artem
Fiscal Policy Reaction Function and Sustainability of Fiscal Policy in Ukraine In this research we plan to analyze fiscal policy reaction function with switching regimes for Ukraine. Ukraine was selected as an example of countries with emerging markets as there is a lack of attention to countries of that type in empirical studies of fiscal policy. Research points to the fact that nonlinear types of fiscal policy reaction function much better describe the behavior of fiscal authorities especially in times of permanent financial instability. In particular, we want to show that for fiscal policy study models with three regimes (LSTR2), which have rarely been used in such researches previously, are quite suitable, while indicators of financial vulnerability can be used as transitive factors.
14-554 A FR
Ishuova Zhanna
Monetary Policy and Stock Market Volatility in CIS countries While much of the existing literature concerns the asset price misalignments and is of a normative nature trying to answer the question ‘What central banks should do?’, this paper will provide a positive perspective and empirically analyzes whether central banks take asset price volatility into account. Hence, we will estimate forward-looking central bank reaction functions for four major central banks augmented by implicit volatilities of stock market indices to proxy financial market stress.
14-510 B FR
Nurmakhanova Mira
Oil and Growth Challenge in Kazakhstan We use Kazakhstan’s primary dependence on oil sector revenues to isolate and illustrate the extent to which economy’s GDP growth is vulnerable to exogenous commodity price fluctuations. The specific focus of this paper is on the relationship between real Kazakh GDP, real exchange rates and oil prices - using time series data for the period 2000–2014.