This paper examines how trade liberalization affects the innovation incentives of firms, and what this implies for industry productivity. For this purpose we develop a reciprocal dumping model of international trade with heterogeneous firms and...

While the geopolitical rivalry between the European Union (EU) and Russia over their common neighborhood has increasingly attracted academic and public

Secure and well-managed migration and mobility figure prominently in the European Union’s (EU) relations with its Eastern neighbors. In the framework of the European Neighborhood Policy (ENP) and the Eastern Partnership (EaP), the EU relies...

Recent research on gains for Russia from WTO membership concludes that service trade liberalization through allowing foreign suppliers to invest in Russian service industries promises large gains. By comparing OECD estimates on effective rates of...

The paper reviews the recent conduct of monetary policy and the central bank's rule-based behavior in Russia. Using different policy rules, we test whether the Bank of Russia reacts to changes in inflation, the output gap and the exchange rate in a...

In order to better understand why some nations are more innovative than others, this paper considers the influence of socio-historic dimensions of colonialism and income inequality. Using data from 72 nations over the years 1997–2018, we find that...

The replacement of fossil resources with renewable biomass in a bioeconomy is seen as a major contribution to climate change mitigation. This transforma

We examine the consequences of a sudden increase in household debt burdens by exploiting variation in exposure to household foreign currency debt during

We study the impact of debtor distress on support for a populist far-right political party during a financial crisis. Our empirical approach exploits va

Underpinning China’s technological advancement are the twin-engines of exports and innovation. To better understand China’s meteoric economic transformation, we explore the extent to which new products are triggered by exports (direct effects) and by...