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.

Revisiting Growth Patterns in Emerging Markets

Recent studies document that emerging markets are rather similar in their growth patterns despite profound differences in starting conditions and productivity fundamentals. This challenges the common view on productivity as the main growth engine. The crucial role of the external environment for emerging markets emphasized by numerous studies adds to this doubt. I argue that productivity fundamentals still matter and remain the core driver of sustainable growth. However, external factors are crucial for understanding deviations from the trajectory of sustainable growth, i.e. episodes of growth accelerations/decelerations.

 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.

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.

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.

 Evgeniya Shershunovich, Irina Tochitskaya

Waste Statistics in Belarus: Tight Spots and Broad Scope for Work

The paper presents the study that exploresproblems in the production of waste statistics in Belarus. In particular, it focuses on comparison of Belarusian and EU legislation, definitions, classification, and statistical reporting.The study reveals that the Belarusian statistics on waste has problems in methodology, recording and coverage and international comparability of data, in particular, with the European Unioncountries.

Women in Belarus’ Business: features, motivation and barriers

This policy paper looks at who are women in Belarus’ business, are there any gender differences that impact on the effectiveness and successfulness of business. The study also analyses the external and internal factors that impede business development and motives to enter business. The main barriers that face women entrepreneurs are related to the quality of the functioning entrepreneurial ecosystem. However, equally important role is played by the preservation of the traditional division of social roles in terms of household work and childcare sharing. As the results show, the majority of female business owners no longer perceive as a norm the current state of affairs.

 Lev Lvovskiy, Viktar Fedaseyeu

The Value of Corporate Political Connections: Evidence from Sudden Deaths

We present new causal estimates of firm-value benefits generated by political connections. Our identification strategy uses sudden deaths of U.S. Representatives and Senators as a source of exogenous variation.

Foreign Investment: Startups and Innovations or Loans

Although the government’s plans to raise foreign financing were fulfilled, the results of 2017 were ambiguous in this respect. The private sector and, especially, hi-tech startups generated investors’ profound interest. Investments in the public sector were provided by the state through external borrowing and redistribution of funds raised this way. The public sector thus remains unattractive for investors, but, in fact, it seeks state subsides, rather than investments. In 2017, the government took a number of important steps to improve the regulatory framework for investment and to stimulate business ventures.

 Igor Livshits, Torbjörn Becker, Helena Schweiger, Bas B. Bakker, Tymofiy Mylovanov

The future of CIS and CEE countries

This article is based on a panel discussion on the future of transition countries 25 years after the dissolution of the Soviet Union. All the contributors have long professional and personal experience of various aspects of the transition process so far and provide different perspectives on what to expect for the region in the future.

 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.

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