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.

The Mechanism of Adjustment to Changes in Exchange Rate in Belarus and its Implications for Monetary Policy

This paper aims at visualizing adjustment mechanisms of the Belarusian economy to changes in exchange rate level and providing correspondent policy recommendations.

The Impact of Directed Lending on Long-Run Growth in Belarus

The study deals with a specific form of financial repression peculiar to Belarus – a mechanism of directed loans.

Foreign Investments: not just Attraction, but Effectiveness

This policy paper contains the analysis of the steps taken to attract foreign investments in Belarus in 2010.

Real Business Cycles in the Model with Two-person Household and Home Production

This paper is an attempt to replicate the co-movement of hours and productivity observed in the post-war U.S. data using one shock model.

Economic Determinants of Fertility in Belarus: a Micro-Data Analysis

This paper examines the determinants of births in Belarus in 1996-2007 by using detailed micro data from the Belarusian Household Budget Surveys (BHBS).

The Impact of Foreign Direct Investment on Industrial Economic Growth in Belarus

This paper analyses the impact of foreign direct investment (FDI) on economic performance using the Belarusian industrial aggregated panel data over the 2002-2009 period.

Macroeconomic Trends in 2010: Growth at any Cost

This policy paper contains the analysis of the problems of the foreign account deficit, external debt, money market imbalances, inflationary potential, fragile financial standing of domestic companies aggravated in Belarus by early 2011 and their impact on macroeconomic stability and long-term sustainable growth.

The Role of The Guarantor as a Form of Credit Security for Housing Construction

The author examines the role of guarantor as one of the means of securing housing credits as well as the international practice of developing mortgage lending.

The Impact of FDI on Firm’s Performance Across Sectors: Evidence from Ukraine

This paper empirically investigates the variety of FDI impacts on different sectors using firm level data. In particular, the unique dataset (which represents about 80% of the firms’ population) enables to analyze whether linkages between sectors can explain the difference in the impact of FDI on firm’s productivity as well as spillovers across sectors.

 Alina Verashchagina, Francesco Pastore

When Does Transition Increase the Gender Wage Gap?

This is the first paper to study the evolution of the gender wage gap in the Republic of Belarus.