II - КОНФЕРЕНЦИЯ РЭШ “ПРЕОБРАЗОВАНИЕ ГОСУДАРСТВЕННОГО СЕКТОРА В ЭКОНОМИКАХ ПЕРЕХОДНОГО ПЕРИОДА” 18-19 Сентября 1997г. 117418 Москва, Нахимовский проспект 47 Thursday 18 September 10.00 Opening Remarks: Valeryi Makarov 10.15 The NES Research Programme B. Ickes 1030-1200: The Performance of the Stock Market in Transition Economies Chair: E .Gurvich Giovanni Urga: Russian stock market indices. A comparison with established and Eastern European stock market indices A. Yashin: Russian stock market and the validity of current indices A . Zhiltsov: Ownership structure and equity price in Russian stock market Discussant:Fabrizio Coricelli 12.15-13.45: Banking and Central Banking in an Emerging Capital Market: a comparison of Russia and Kazakhstan Chair: B. Ickes Brigitte Granville: Inflation, Financial repression and Growth: Russia 1993-1997.. Svetlana Stepaniants: Limits to Government borrowing: Russian experience 1995-97 Discussant: Thom Richardson 14.45-16.15: Keynote Address: Michael Dmitriev:t.b.a. 1645-1815: Government, Education and Science in Transition Economies: Russia in a world context Chair: V. Makarov Friedman: Science in the Transitional Period: the case of Russia M. Spagat: Political Instability, Foreign Investment and Growth: A Model of a Proprietary Economy M. Vedyassov: Russia: budget government expenditures in the Economy in transition Discussant: M. Ellman Friday 19 September 10.00-11.30: Poverty in Russia: relative deprivation and official responses Chair: R. Entov Alastair McAuley: Relative deprivation and social exclusion in Russia Anna Khmelevskaia: On improving the efficiency of social security transfers in Russia Discussant: Arthur Van Soest 12.00-13.30: Russian Industry after privatisation: institutional changes and behavioural response Chair: G. Ofer Victor Polterovich : Employment Policy of the insider-owned firm: model Leonid Polishchuk, A Savvateev: Spontaneous emergence of property rights: a critical analysis Discussant: John Earle Human Capital and Russian Economic Transition [?] Chair: V. Makarov L. Fridman M. Spagat A Student/V. Meliantsev Discussant: M. Ellman 14.30-15.30: Monetary and Tax policy of government ineconomy of transition Chair: J. Leizel Solomon Movshovich: A rationalisation of the tax structure in Russian economy in transition Joel MacDonald: A comment on Russian tax policy Discussant: B Ickes 15.30-16.30: Monetary policy of government ineconomy of transition Chair: J. Leizel F. Dobritsa: Scale and scope economies in Russian bunking system. Evidence from 1995 Carlo Scarpa: Trading mechanisms and market regulation in Eastern European stock markets Discussant: Guido Freibel 16.30-18.30: Distinguished Lecture: Charles D. Kostald: Do Lax Environmental Regions Attract Foreign Investment? 18.30 Concluding Remarks: Gur Ofer