Belarusian Economic Research and Outreach Center

Research

One of the main BEROC goals is generating and spreading of new academic and policy knowledge on problems, tendencies and development of Belarusian economy. Academic and policy research aimed at the development of strategy encouraging economic growth and quality improvement of economic policy in Belarus.

 Nadezhda Batova, Pyotr Sachek, Irina Tochitskaya

On the Way to Green Growth: Window Opportunities of Circular Economy

The paper deals with opportunities of circular economy for ensuring green growth. Analysis and comparison of concepts of sustainable development, green and circular economy revealed that despite similarity there is a differences in ways of their implementation. It is shown that the green economy is one of a tool for achieving sustainable development, and the circular economy acts as a practical way of putting it into effect. The concept of circular economy is interlinked with various scientific schools of environmental economic system, each of which can be considered as directions of its development.

Perspective and Challenges for Belarus’ Economy in the Medium-Run (2018-2020)

This policy paper deals with the perspectives of the national economy development in 2018-2020. The study emphasizes that fluctuations around equilibrium growth rate is the most likely scenario. The study uses the estimate of 2.5% of equilibrium growth rate for Belarus, which is a compromise among different approaches and methodologies. The scenario of higher growth may become possible due to positive external shocks. However, even in case of permanently strengthening external environment, the growth rate of the national economy is still likely to be unsustainable.

Belarusian Economy in 2017: Catch-up Growth vs. the Burden of Pending Structural Weaknesses

This policy paper deals with Belarusian macroeconomic situation in 2017. The study admits that a long period of adjustment to new institutional environment, which was associated with structural slowdown, has ended in 2017 and catch-up growth began. This growth mainly stemmed from favorable external environment. The policies enhancing price and external stability also contributed into growth. In 2017, Belarus has displayed historical (or 10 year) records in inflation rate and current account balance. This allowed quitting from restrained economic policies thus emancipating domestic demand.

Estimation of the number of employable population unemployed in the economy and regional economic development of Belarus in 2007-2015

This study estimates the number of the working-age population, unemployed in the economy, in the Belarusian regions for 2007-2015 covered by the Decree of the President of the Republic of Belarus from 2 April 2015 №3 "On the prevention of social dependency". The paper analyzes the relationship between the number of this group of population and regional economic development of Belarus. The results show that the presence of the working-age population, unemployed in the economy, is mostly an economic phenomenon related to the level of economic development of a certain region, district or city of Belarus.

FREE Policy Brief: Women Entrepreneurs in Belarus: Characteristics, Barriers and Drivers

FREE Policy Brief: Political Responsibility for Economic Crises

Economic Outlook - Fourth Quarter 2017

BEROC presents the Economic Outlook - the Fourth Quarter 2017.

 Lev Lvovskiy, Kirill Shakhnov

Political Responsibility for Diff erent Crises

In this paper, we study the impact of different types of crises such as sovereign and domestic defaults, banking crises, economic recessions on political turnover of the top politicians: heads of the state and central bank governors.

Institutions and economic development

The quality of institutions is a major factor in the success or failure of nations and a fundamental source of differences in per capita income between countries. This work is devoted to the analysis of the definition of institutions and studies their impact on the economic development of developed and developing countries. The state of institutional development in Belarus for 1996-2015 is assessed, and the directions of further development of institutions based on the experience of other countries are considered.

FREE Policy Brief: Financial Stress and Economic Contraction in Belarus

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