Belarusian Economic Research and Outreach Center


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.

30 august 2019 Ilona Babenko, Viktar Fedaseyeu, Song Zhang

Do CEOs Affect Employees’ Political Choices?

The authors study the relation between CEO and employee campaign contributions and find that CEO-supported political candidates receive 3 times more money from employees than candidates not supported by the CEO.

19 august 2019 Dzmitry Kruk

Belarusian Economy in mid-2019: the Aftermath of Recovery Growth Period

By mid-2019, a period of recovery growth has been accomplished and the national economy enters a new stage of development. This policy paper sums up and analyzes the results of the recovery growth period. The paper argues that the results are contradictory.

9 july 2019 Dzmitry Kruk

Productivity or the External Environment: Which is More Important for Growth in Emerging Markets?

The goal of this research is to assess and compare growth promoting effects associated with productivity determinants and external environment determinants in 34 emerging market economies.

25 june 2019 Maryia Akulava

Foreign investment: ICT sector as an example to follow

In 2018, only the ICT sector was stably attractive to investors, unlike public sector assets. Belarus’ overall investment prospects remained bleak.

19 june 2019 Aleh Mazol

The assessment of poverty in Belarus for 2017-2018

This paper estimates poverty in Belarus using annual data of the Sample Household Survey on Living Standards from 2017-2018.

FREE Policy Brief: Institutions and Comparative Advantage in Services Trade

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.

7 march 2019 Kateryna Bornukova, Nataliia Leshchenko, Mikhail Matytsin

Fiscal Incidence in Ukraine: A Commitment to Equity Analysis

The paper employs the Commitment to Equity framework to present a first attempt at a comprehensive fiscal incidence analysis for Ukraine, encompassing the revenue and expenditures components of the fiscal system, including direct and indirect taxes, as well as direct, indirect, and in-kind transfers.

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