Central Economics and Mathematics Institute

About: Central Economics and Mathematics Institute is a facility organization based out in Moscow, Russia. It is known for research contribution in the topics: Population & Foreign-exchange reserves. The organization has 297 authors who have published 580 publications receiving 6449 citations. The organization is also known as: Federal State Institution of Science Central Economics and Mathematics Institute of the Russian Academy of Sciences.

Homotopy properties of Pareto aggregation rules

Abstract: We establish that the Pareto property is inconsistent with nondictatorship for social choice rules defined on two-dimensional choice spaces. In addition, we consider applications of this result in higher dimensions.

Russian regional evolutions: comparative gross regional product dynamics of the subjects of the Russian Federation, 1995–2013

Abstract: Analysis of the comparative space–time trajectories of 79 subjects of the Russian Federation in 1995–2013 indicates an overall increase in inequality, and enables the classification of areas into two unequal groups. The first includes 80% of Russian regions with below-average gross regional product per capita (GRPPC). These regions have moved closer together, with most growing slower than average. Their development indicates a strong degree of path dependence. The second is a small group of high GRPPC regions that are very diverse and whose development was characterized by considerable instability. Identification and interpretation of these trends plays an important role in the design of effective policies for regional social–economic development.

Democracy and Growth Reconsidered: Why Economic Performance of New Democracies is not Encouraging

Abstract: There are two innovations as compared to the previous literature on democratization and growth. First, not only the level of democracy is taken into account, but also changes in this level in the 1970s-1990s as measured by the political rights indices of the Freedom House. Second, the distinction is made between the rule of law and democracy, the rule of law being defined as the ability to ensure order based on legal rules; it is measured by the rule of law, investors’ risk and corruption indices. It is found that democratization in countries with strong rule of law (liberal democracies) stimulates economic growth, whereas in countries with poor rule of law (illiberal democracies) democratization undermines growth. In illiberal democracies institutions are weaker, shadow economy is larger and macroeconomic policy is less prudent.

Parallelotopes of non-zero width

Abstract: In 1959, Venkov introduced a concept of polytope of non-zero width in the direction of a subspace and studied parallelotopes of non-zero width. In the present paper properties of a parallelotope of non-zero width in the direction of a straight line are investigated. In particular, it is proved that a parallelotope of non-zero width in the direction of a straight line is the Minkowski sum of a parallelotope of width zero and a segment of this line. Necessary and sufficient conditions ensuring that the sum of a parallelotope and a line segment is again a parallelotope are presented.