Belarusian Economic Research and Outreach Center

Policy Papers

17 september 2018 Evgeniya Shershunovich, Irina Tochitskaya

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

The paper presents a study of waste statistics in Belarus based on the examination of Belarusian and European legislation, statistical reporting forms, and databases. The study reveals that the Belarusian statistics on waste faces three types of problems: those associated with the methodology, recording and coverage, and insufficient degree of international comparability of data, in particular, with the European Union countries.

14 september 2018 Maryia AkulavaHanna Aginskaya

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.

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.

 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.

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.

Trust, institutions and economic growth in Belarus

Trust in the society promotes cooperative behavior outside inner circle and can be associated with socio-economic development. This paper considers the current level and dynamics of trust in Belarusian society, the interaction of trust and the quality of institutions, and the role of trust in achieving economic growth. A number of mechanisms promoting the development of trust are presented.

Barriers and drivers of women's entrepreneurship in Belarus

We have conducted the number of interviews with female entrepreneurs and top managers of Belarusian companies.

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