Belarusian Economic Research and Outreach Center

Policy Papers

6 may 2019 Nadzeya Batava, Petr Sachek, Irina Tochitskaya

Circular Economy: Ways to Finance a Business

The paper presents the finding of a study on the public and private funding opportunities for circular projects. The financial products and instruments such as crowdfunding, grants, venture capital, government support, bank lending, and etc., which are tailored to the specific needs of circular projects were examined depending on the stage of the company's life cycle.

30 april 2019 Dzmitry Kolkin

Belarus: Comparative Research on Industrial Parks and Special Economic Zones

The study focuses on three issues. First, the paper analyses the Belarusian experience in the creation of special economic zones. Second, we look at how the GSIP has been developing so far and what lessons have been learned from the past experience. Lastly, this paper makes policy recommendations on how to increase the efficiency of the Belarus-China cooperation under the GSIP project.

26 march 2019 Anastasia LuzginaAleh Mazol

Development of the P2P Lending Market: Peculiarities of Functioning and International Experience of Development

The paper is devoted to the P2P lending companies’ activities. The paper gives the definition of crowdlending (P2P lending), describes specific features of this activity and presents its main advantages and disadvantages. The research defines the types of P2P lending and describes the main models of the crowdlending online platforms’ functioning.

12 february 2019 Maryia AkulavaAleh Mazol

Education of children and parents: intergenerational mobility and impact on income

Improving quality of education led to the reduction of the social inequality and growth of equal opportunities in many countries. This policy paper examines the issue of intergenerational mobility in Belarus and looks at to what extent the level of parental education impacts on the income of individuals. The results reflect high and significant level of social mobility in the country for all age cohorts. In general, there is a significant growth in the educational level of the younger generation in relation to their parents.

22 january 2019 Yauheniya Shershunovich, Irina Tochitskaya

On the Way to a Circular Economy: Monitoring Belarus’ Progress Based on the EС Framework

This paper presents an assessment of Belarus’ progress on the way to the circular economy as compared to a number of the European countries. The monitoring framework proposed by the European Commission is chosen for these purposes, since its indicators capture the key elements of a circular economy, have a high degree of practical application, are easy to analyze and informative. The existing system of recording in Belarus does not permit to calculate some indicators used by the European Commission.

4 january 2019 Radzivon Marozau

Modernization and development of Belarusian higher education institutions based on the entrepreneurial university framework

The policy paper considers prerequisites and factors conditioning the development of entrepreneneurial higher education institutions (universities 3.0) in Belarus. Capitalizing on state-of-the-art academic research and policy initiatives in the field, as well as on the custom-made survey of Belarusian faculty members, the paper analyses the environment for higher education institutions' modernization and provides policy recommendations.

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.

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