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.

6 december 2018 Aleh Mazol

The experience of foreign countries in the development of depressed regions

This work is devoted to the study of the essence of the concept, causes and main characteristics of depressed regions in foreign countries. The paper highlights the main approaches to the implementation of measures to support depressed regions, as well as the main indicators for assessing the effectiveness of their implementation. Based on the analysis of the experience of the development of depressed regions in foreign countries, basic recommendations for the improvement of regional policy in the Republic of Belarus have been developed.

20 november 2018 Nadezhda Batova, Pyotr Sachek, Irina Tochitskaya

Circular economy in action: forms of organization and best practices

The article includes best practices for development of circular economy and its implementation. It is stated that each country has national peculiarities of transition to this concept, as well as various priority directions of implementation caused by set of advantages and risks. The barriers which constrain access of the circular projects to bank financing, and confine its utilization as a result, are identified. Authors put special emphasis to the innovative business models providing the circular system of production and consumption, including Circular suppliers, Resources recovery, Sharing platforms, Product life extension, Product as a service.

17 november 2018 Anastasia Luzgina

Money and monetary funds as economic categories and their relationship with cryptocurrencies

In the article the categories of “money” and “monetary funds” are analyzed and the author’s interpretation of these definitions are given. Taking into account the growing popularity of cryptocurrencies, the author proposes a structure of interrelations of monetary funds, tokens, electronic and virtual money. With the purpose of giving a clearer understanding of the government positions on the issue of the virtual money market development, the article provides examples of operations’ regulations with cryptocurrencies in a number of countries.

16 november 2018 Anastasia Luzgina

Cryptocurrencies: Essential Characteristics and Practical Aspects

In the article the essence of electronic and digital money is analyzed, comparative analysis of these two categories is carried out, taking into account their distinctive characteristics and common elements. Virtual money, including cryptocurrencies, is distinguished as a subspecies of digital money. Cryptocurrencies are analyzed based on the most famous ones, such as Bitcoin, Litecoin, Ripple, DASH, etc.

12 november 2018 Maryia AkulavaAleh Mazol

What Forms Gender Wage Gap in Belarus?

In this paper we focus on estimating the gender difference in wages using data from the Generations and Gender Survey (GGS) conducted in Belarus in 2017. The results show that the average gender wage differential amounts to 22.6%. We use quantile regressions to look at difference in returns at various earnings deciles and then the Oaxaca-Blinder and Juhn-Murphy-Pierce decomposition techniques to define the components that form the wage gap. We find that the adjusted gender pay gap is mostly formed by the difference in rewards rather than personal characteristics. The gap increases throughout the wage distribution and accelerates at the top deciles indicating presence of a strong glass ceiling effect.

9 november 2018 Dzmitry Kruk

Which Growth Rate does Belarus need? Focus on CEE Leaders

This paper deals with the prospects of Belarus’ economic growth in regional context. Suchfocusofanalysisemphasizesrelativelevelofwell-being as the benchmark for assessing economic performance of the country. In this study, I use Czech Republic and Slovakia as benchmarks for Belarus, as they are rather similar to Belarus according to a range of fundamental characteristics, and at the same time, they are among leaders on well-being level in Central and Eastern Europe (CEE).

15 october 2018 Dzmitry Kruk

FREE Policy Brief: Revisiting Growth Patterns in Emerging Markets

11 october 2018 Hanna Aginskaya, Maksim Belitski, Radzivon Marozau

Commercializing university research in transition economies: Technology transfer offices or direct industrial funding?

There is a paucity of knowledge on research commercialization by university scientists worldwide. The objective of this paper is to identify the role that Technology Transfer Offices (TTOs) and direct Industrial Funding play in university research commercialization in transition economies of Azerbaijan, Belarus and Kazakhstan during 2015–2017.

9 october 2018 Hanna Aginskaya

Investment image of Belarus and its presence in international rankings

International rankings are the second important source after mass media which investors use to learn about business climate in a foreign country. Today Belarus is represented only in the ratings with free participation.

25 september 2018 Kateryna BornukovaIgor Livshits

The Impact of the Russian crisis on the Belarusian economy: the trade channel

A chapter by Kateryna Bornukova and Igor Livshits titled The Impact of the Russian crisis on the Belarusian economy: the trade channel is published in a book The Russian Economy under Putin edited by Torbjörn Becker and Susanne Oxenstierna.

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