New Economic School
RESEARCH CENTER

PUBLICATIONS

In 1998, three working paper series were initiated at NES. One series presents the recent research of NES-affiliated faculty and staff; the second series is devoted to the best papers prepared by NES students in their thesis work; the third is lecture notes. Ninety two Best Student Papers; seventy nine Working Papers and eighteen Lecture Notes were published in English or /and Russian. The publications are disseminated in accordance to a dissemination lists including the most important Russian universities and economic research institutes as well as the Western centers of transition economics research.

2008

RESEARCH REPORTS:

• Anatolyev S., Gospodinov N. Modeling Financial Return Dynamics via Decomposition
• Chernavsky S., Eismont O. Is "Gas OPEC" profitable for Russia? (for the Case of European Gas Market)
• Durnev A., Guriev S. The Resource Curse: A Corporate Transparency Channel
  
• Karminsky A., Miakonkikh A., Peresetsky A. Models for Moody's bank ratings. Bank financial strength ratings
• Polterovich V., Popov V., and Tonis A. Mechanisms of resource curse, economic policy and growth
• Zhuravskaya E., Persson P. Incentives or Background of Party Chiefs? Determinants of Variation in Provincial Policy Outcomes in China

2007

BEST STUDENT PAPERS:

• Belyakov A. On The Dynamics of People's Unions
• Deliya D. Direction-of-change forecasts and trading strategy profitability at intra-day horizons
• Gershman B. Cascade preferences, wealth distribution, and growth
• Karbovskaya M. Investigating company-specific political risk in Russia
• Loginova U. Academic and Private-Sector Research, Academic Freedom and Openness
• Savelieva A. Appointed vs. Elected Governors: Evidence from Russia
• Sergeyev D. Economic Freedom, Financial Development and Economic Growth
• Zhuk S. Strategic voting

RESEARCH REPORTS:

• Anatolyev S. Nonparametric retrospection and monitoring of predictability of financial returns
• Denisova I. Entry to and exit from poverty in Russia: evidence from longitudinal data
• Eismont O. Natural Resource Abundance and Endogenous Growth in a Closed Economy
  
• Karminsky A., Peresetsky A., Golovan S., Malakhova I., Minenkova E. International agencies rating's models
• Radaev A., Stepanov S. Agency Problems and Multiple Large Shareholders
• Suslova E., Volchkova N. Human capital, industrial growth and resource curse

2006

BEST STUDENT PAPERS:

• Zhukova N. Resource Abundance and Economic Growth: the Role of Institutional Development
• Zak N. The Mysterious Market for Drugs and Vaccines
• Zakolyukina A. Politically Connected Firms: Effect on Bankruptcy
• Kartashov G. Economic Growth and Institutional Quality in Resource Oriented Countries
• Kushnir A. Collective Action Problem in Revolutions
• Malenko A. Oligarchic Capitalism and Financial Development
• Muravyev D. Do Russian Mutual Funds Overperform the Market?
• Potekhin I. Role of Attitude to Risk in the Migration Decision-Making
  

RESEARCH REPORTS:

• Anatolyev S. A unifying view of some predictability tests
  
• Anatolyev S., Shabalin A. Model complexity and model performance
• Bremzen A., Egorov G., Shakin D. Electoral Mandate and Voting Behavior: Evidence from Russian State Duma
• Vasin A., Vasina P. Electricity Markets Analysis and Design
• Volchkova N., Gorshkova E., Lobanov S., Turdyeva N., Khaleeva J., Yudaeva K. Microsimulation analysis of the consequencies of monetization of social benefits in Russia
• Goriaev A., Sonin K. Is Political Risk Company-Specific? The Market Side of the Yukos Affair
• Guriev S., Kvasov D. Imperfect Competition in Financial Markets and Capital Structure
• Denisova I., Kartseva M. Poverty is no crime: measuring poverty in Russian regions
• Deviatov A., Ickes B. Reputation and the Soft-Budget Constraint
• Zamulin O., Sosunov K., Sheynzon I. The Equilibrium Current Account in Russia: How Important is the Precautionary Saving Motive?
• Katyshev P., Polterovich V. Reform policies, initial conditions, and transformational recession
  
• Peresetsky A., Karminsky A., Golovan S. Retail business of Russian banks. Heterogeneity of interest rates on private deposits
• Polishchuk L., Firsov E. Cause-related marketing: an economic analysis
• Polterovich V., Popov V. Democratization, Quality of Institutions and Economic Growth
• Polterovich V., Tonis A. Hiring Strategies and the Evolution of Honesty
• Chernavsky S., Eismont O. Prospects for a Liberalized Natural Gas Market in Russia
• Haile P., Hortacsu A., Kosenok G. On the Empirical Content of Quantal Response Equilibrium
• Eismont O. Efficiency of Increasing Foreign Currency Reserves by a Resource Exporting Country

LECTURE NOTES:

• Kolesnik G. Practical guide on mathematics for economist
• Danilov V. Lectures on fixed points

2005

BEST STUDENT PAPERS:

• Gorbenko A. Balance-of-Payments Crises: Herding Bahavior as the Cause of Speculative Attack
  
• Kulaev S. Patent Breadth and Antitrust Policy in Cumulative Innovation
• Sheynzon I. The Equilibrium Current Account: Can Precautionary Saving Motive Outweigh the High Returns on Capital in Russia?

RESEARCH REPORTS:

• Anatolyev S. Modeling, estimation, inference and prediction under linear-exponential loss
  
• Akhmedov A. Human Capital and Political Business Cycles
• Chernavsky S., Eismont O. How to increase the effectiveness of Russian gas sector?
• Deviatov A., Ponomarenko S. The Welfare Costs of Inflation in Russia
  
• Denisova I., Kartseva M. Premium for Degree in Engineering: Estimation of Returns to Field-Specific Education in Russia
• Egorov G., Sonin K. Dictators and Their Viziers: Agency Problems in Dictatorships Working
• Goriaev A., Prikhodko S. Should emerging market investors diversify abroad despite superior domestic performance?
• Karminsky A., Peresetsky A., Golovan S. Bank's Rating Models. Dynamics and Comparison
  
• Kosenok G., Lambert Mogiliansky A. Favoritism in Repeated Procurement Auction
• Obrezkov O., Sosunov K., Zamulin O. Inflationary Consequences of the Real Exchange Rate Targeting
• Polterovich V., Popov V. Appropriate Economic Policies at Different Stages of Development
• Polterovich V., Tonis A. Innovation and Imitation at Various Stages of Development: A Model with Capital
• Rachinsky A. Energy Sector Reform: on the Way to Free Market
• Vasin A., Vasina P. Homogeneous Good Markets and Auctions
• Volchkova N., Egorova S., Tourdyeva N. Sectoral and regional analysis of industrial electricity demand in Russia

LECTURE NOTES:

• Anatolyev S. Intermediate and advanced econometrics: problems and solutions
• Bremzen A., Guriev S. Lecture notes on contract theory
• Golovan S., Guriev S., Makrushin A. Problems in contract theory
• Golovan S., Guriev S., Makrushin A. Contract theory: problems and solutions
• Polterovich V., Zamulin O., Sossounov K., Pekarski S. Lecture notes on macroeconomic theory: Intermediate level
• Vasin A. Evolutionary and Repeated Games
  

2004

BEST STUDENT PAPERS:

• Egorov G. Commercial Litigation under Imperfect Information
• Itskhoki O. Asymmetric Price Rigidity and the Optimal Rate of Inflation
• Semenov A. The Innovations in the Economy with Exhaustible Resource Sector

RESEARCH REPORTS:

• Anatolyev S. Three Essays on Econometrics of Moment Conditions in Time Series
• Anatolyev S., Gerko A., Shakin D., Kryukovskaya O. Dynamics and Predictability in Russian Financial Markets
• Golovan S., Evdokimov M., Karminsky A., Peresetsky A. Probability of Default Models of Russian Banks II. Models and macroeconomic environment
• Akhmedov A., Bessonova E., Cherkashin I., Denisova I., Grishina E., Nekipelov D. WTO Accession and the Labor Market: estimations for Russia
• Sotskov A. Effects of Tax and Monetary Government’s Policy and the Society Losses.

LECTURE NOTES:

• Anatolyev S. Lecture Notes: Intermediate Econometrics

2003

BEST STUDENT PAPERS:

• Garshin V. Macroeconomic Factors as Determinants of Stable Bank Development
• Makarov D. Industrial Policy and Lobbying: can weak government correct market failures?
• Kuznetsov A. Crisis of 1998 and Determinants of Stable Development of a Bank
• Shakin D. High Frequency Data in the Russian Stock Market
• Tcherkachine I. Russia's Accession to WTO: labor demand story
  
• Gerko A. Market Efficiency: statistical vs. trading approaches
• Gvozdenko D. The Development of the Common European Economic Space between Russia and the EU
• Alekseev A. An application of a Computable General Equilibrium Model for the Estimation of Effects of the new wave of the European Union Enlargement on the Russian Economy
• Zhabitskaya E. When do Subsidies to Competing Innovators Stimulate Technological Progress?
• Tarasov A. Endogenous Growth, Education and Intellectual Property Rights
• Mironov M. Small Business Environment and Investment Climate
• Chukmaitova A. Determinants of life expectancy and mortality: comparative analysis of different regions in Kazakhstan
• Nekipelov D. Analysis of Inter-Sectoral Labor Flows in Russia
  

RESEARCH REPORTS:

• Sotskov A. Time-consistent government policies in the Sidrausky's model
• Tonis A. Promoting growth: rent-seeking as a cause of failure
• Enikolopov R., Zhuravskaya E. Decentralization and Political Institutions
• Bessonova  E., Kozlov  K., and Yudaeva K. Trade Liberalization, Foreign Direct Investment, and Productivity of Russian
• Vasin Alexander A., Gontmacher Konstantin.E., Sosina Yulia.V. On the Optimal Distribution of Informational Resources in the Electoral Competition
• Golovan S., Karminsky A., Kopylov A., Peresetsky A. Probability of Default Models of Russian Banks I. Models with Clustering
• Marhuenda F., Vasin A., Vasina P. Tax Optimisation: the role of informational asymmetries
• Sosunov K., Zamulin O. What Stands Behind the Real Appreciation of the Russian Ruble in 1998-2003?
• Popov V., Polterovich V. Accumulation of Foreign Exchange Reserves and Long Term Growth
• Deviatov A., Dodonov I. Another Model of Non-fundamental Exchange-Rate Uncertainty
  

LECTURE NOTES:

• Anatolyev S. Lecture Notes: Advanced Econometrics
• Polishchuk L. Microeconomic Theory: asymmetric information and public goods

2002

BEST STUDENT PAPERS:

• Mityakov S. Oligarchy, Democratization and the «Brain Drain»
• Mikusheva A. Information Aggregation and Efficiency in Auctions
• Kassian G. Mortality Crisis in Russia: Evidence from International Panel Data
• Kartseva M. The Duration of Unemployment in Russia: Does High Education Decrease Unemployment spells?
• Proudnichenko D.Industrial policy and growth in transition economies
  

RESEARCH REPORTS:

• Gurvich E. The Distributional Impact of Pension Reform in Russia
• Makarov V., Dankov A. Regional and Electoral Competition: a comparative analysis  of the influence of political institutions
• Golovko E., Sidorov V., Peresetsky A., Karminsky A., A. H. O. van Soest. Analysis of  Russian Banks Ratings
  
• Schwarz M., Sonin K. The Variable Value Environment: Auctions and Actions
• Mikusheva A., Sonin K. Information Revelation and Effciency in Auctions
• Sonin K. Why the Rich May Favor Poor Protection of Property Rights
• Levina I., Zamulin O. Foreign Currency Pricing
• Akhmedov A., Denisova I., Kartseva M. Active Labor Market Policies in Russia: Regional Interpretation Determines Effectiveness?
  
  

LECTURE NOTES:

• Danilov V. Lectures on game theory
• Anatolyev S. Lecture Notes: Intermediate Econometrics
• Anatolyev S.· Intermediate and Advanced Econometrics: Problems and Solutions
• Sotskov A., Kolesnik G. Optimal Control:problems and solutions

2001

BEST STUDENT PAPERS:

• Shapiro D. Political Incentives and Investment Climate
• Rachinsky A. Managerial Turnover and Firm Performance in Russia
• Besstremyannaya G. The Applicability of the Tiebout Hypothesis to Russian Jurisdictions
• Bikbov R. Competition and Managerial Turnover: Evidence from Russia
• Bobyshev A. Russian Banks: Typical Strategies and Financial Intermediation
• Drougov M. Higher Education Expansion in Russia: What Stands Behind?
• Karev M. Towards the Dynamic model of Legal Reform.
• Ponomareva E. The Distributional Impact of Reforms in the Housing and Communal Sector in Russia.
• Ravichev A. Electoral cycles in Russian regions
• Vasnev A. A Nonparametric Method for Bootstrap Resampling in Autoregressions
• Rewenko S. Russian Federalism: Competitive or Not?
• Yakovlev E. State Capture in Russian Regions and Municipalities
• Akhmedov A. The Role of Bank Lending in Creating Soft Budget Constraints for Russian Enterprises. Evidence from Enterprise-Level Data

RESEARCH REPORTS:

• Andrienko Yu. Factors of crime growth in Russia: regional approach
  Tonis A. State Patronage over Firms: a Model of Endogenous Regulation
• Yudaeva K., Kozlov K., Melentieva N., and Ponomareva N. Does Foreign Ownership Matter? Russian Experience
• Vasin A., Vasina P. Tax Optimization under Tax Evasion
• Marhuenda F.H., Vasin A., Vasina P. Tax Enforcement for Heterogeneous Firms
• Guriev S. Rent-seeking and barter in Russia
• Polterovich V. Rent seeking, tax policy, and economic growth
• Volchkova N. Does Financial-Industrial Group Membership Affect Fixed Investment: Evidence from Russia
• Zhuravskaya E., Ponomareva M. Federal Tax Arrears: Liquidity Problems, Federal Subsidies, or Regional Protection?
• Gurvich E. Looking Back at The Russian Financial Crisis
• Anatolyev S., Ovtcharova G. Capital expenditures financing in Russia
• Guriev S., Lazareva O., Rachinsky A., Tsouhlo S. Concentrated ownership, market for corporate
  control, and corporate governance
• Denisova I. Staying Longer in Unemployment Registry in Russia: Lack of Education, Bad Luck or Something Else?

LECTURE NOTES:

• Anatolyev S., Ovtcharova G. Capital expenditures financing in Russia
• Belenky V. Optimal Control: maximum principale and dynamic programming
• Kolenikov S. Applied econometric analysis with Stata

2000

BEST STUDENT PAPERS:

• Moiseev A. Analysis of Influence of the “Dutch Disease” and Taxation on Economic Welfare. Example of Russian Economy
• Bassov O. Externalities in the Production of Knowledge
• Gabdrakhmanov S. Inefficient Labor Markets and the Emergence of Diversified Firms
• Orlov E. Government Subsidies to Russian Firms: Efficient or Not?
• Gureev A. Implications of Revenue Sharing for the Problem of Insecure Property Rights
• Goltsman M. Empirical Analysis of Managerial Turnover in Russian Firms
• Manaenkov D. What Determines the Region of Location of an FDI Project? An Empirical Assessment
• Spryskov D. Persistent Poverty in Russia
• Ponomareva M. Do Governors Protect Firms from Paying Federal Taxes?
• Stepanov S. Privatization of Natural Monopolies under Asymmetric Information
• Ponomareva N. Are There Positive or Negative Spillovers from Foreign-owned to Domestic Firms?
• Makarov I. Two Essays on Barter and Corporate Governance in Russia
• Melentieva N. FDI in Russia: The Effect of Foreign Ownership on Productivity

RESEARCH REPORTS:

• Vasin A., Vasina P. The optimal Tax Enforcement under Imperfect Taxpayers and Auditors
• Mokhtari M., Grafova I. The Russian Federation at Crossroads: Tax Collection and Corruption
• Friedman L. Globalization: OECD and Developing Countries
• Guriev S., Ickes B.W. Barter in Russia
• Guriev S., Kvassov D. Barter for price Discrimination?
• Sotskov A. Characterization of Competitive Allocations and the Nash Bargaining Problem
• Rockinger M., Urga G. The Evolution of Stock Markets in Central and Eastern Europe
• Eismont O. World Oil Price Fluctuations and Development of the Russian Economy

1999

BEST STUDENT PAPERS:

• Loukoinova E. Intergovernmental Transfers in Russia: the Case of Volga Cities
• Novikov D. Modeling the Demand for Russian Government Securities from Non-residents
• Kolenikov S. The methods of the quality of life assesment
• Kovtunenko B. The War of Attrition with Expected Changes of Future Terms
• Strebulaev I. A Timing Model of the Russian Currency Crisis: Cases of Non-Linear Behavior, Uncertainty, and Devaluation Expectations
• Slinko I. Multiple Jobs, Wage Arrears, Tax Evasion And Supply In Russia
• Souvorov A.. Barter and Long-term Relations
• Perekhodtsev D. Impact of Russian Ruble Devaluation on Trade and Currencies of the CIS Countries
• Golovan S. The effect of Forgetting in Theory of Collective Reputation
• Chistyi A. Radical Reforms Versus Gradual Approach
• Andrykov A. Analysis of Security Market Crisis in Terms of strategies of the Major Players
• Kleiman D. Tax Evasion and Corruption in Fiscal Administration
• Birulin A. On Monetising a Barter Economy
• Davydenko S. Cost Of Capital in Russian Financial Industrial Groups
• Skovoroda R. Estimation of Demand Responses to a Price Change Under the Paucity of the Data
• Mouraviev I. Bringing Real Money Balances into the Dutch Disease Problem
• Kozlov K. Impact of Financial Industrial Group Membership on Export Competitiveness of Russian Firms

RESEARCH REPORTS:

• Voronovitsky M. Cross-ownership and Opportunity of Reciprocal Investment in Russian Industrial Groups
• Levin M. Corruption And Technological Innovation
  Guriev S. A Theory Of Informative Red Tape With An Application to Top-Level Corruption
• Vasin A., Panova E. Tax collection and corruption in fiscal administration
• Eismont O., Kuralbaeva K. Depletion of natural resources and long-term perspectives of the Russian economy
• Dvorkovich A., Gurvich E. Analysis of the GKO/OFZ Interest Rates
• Grobman I., Peresetsky A. Analysis of the Stock Market Performance at the Pre-crisis Period October 1997-August 1998

1998

BEST STUDENT PAPERS:

• Savvateev A. Production and rent-seeking behavior
• Piankov N. Financial and industrial groups in Russia
• Kopylov I. Financial industrial groups and managerial hidden actions
• Panova E. The “shadow” sector and economic growth
• Volchkova N. Russian financial-industrial groups in international markets
• Khoroshilov Yu. Financial industrial groups cost monitoring and why bank owns firms
• Dodonova A. The creation of financial-industrial groups. Signaling model
• Paltseva E. Modeling inflationary expectations: the case of Russia
• Smirnov V. Optimal investment in development of new technology (the exponential distribution case)
• Tonis A. Rent-seeking technologies: analysis and modelling
• Turmuhambetova G. The development of the GKO market in Russia

LECTURE NOTES:

• Danilov V. Lectures on fixed points

RESEARCH REPORTS:

• Overland J., Spagat M. Political instability, foreign investment and growth in proprietary economics
• Friedman L., Melyantsev V., Vidiassov M. Governmental expenditure (consumption) and economic growth
  Friedman L. Science in a transitional society: Russia in the world context
  Polterovich V. Institutional traps and economic reforms

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