Journal ArticleDOI
Benefits of entry control: the Russian case
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In this article, the authors compare gatekeeping and public choice theory with data from an emerging market, Russia, and argue that the former theory produces riskier predictions than the latter one.Abstract:
This article compares an original theory of gatekeeping and public choice theory, confronting them with data from an emerging market, Russia. It argues that the former theory produces riskier predictions than the latter one. The Popperian criteria for falsification of a theory suggest that the riskier the predictions the theory produces, the more confidence we have in the outcomes of its falsification. Theory of public choice predicts that either the government wins and business loses (the tollbooth hypothesis) or business wins and the government loses (regulatory capture theory). The theory of gatekeeping predicts that both the government and business win. Furthermore, the third agent's (the population's) pecuniary interests are also supposedly associated with the interests of the first two agents. A series of econometric tests using sub-national data from Russia show that the gatekeeper's interests are indeed positively associated with the interests of the businesses that manage to get admitted to the f...read more
Citations
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Journal ArticleDOI
Neoclassical political economy: the analysis of rent-seeking and DUP activities
Journal ArticleDOI
Market as a Weapon: The Socio-Economic Machinery of Dominance in Russia
Journal ArticleDOI
Open Economy or Protectionism: Ukraine’s Dilemma
TL;DR: In this paper, the authors discuss pros and cons of an asymmetrical solution that involves a combination of protectionism and an outward-oriented strategy during the recovery period during the economic crisis.
References
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Book
General Theory of Employment, Interest and Money
TL;DR: In this article, a general theory of the rate of interest was proposed, and the subjective and objective factors of the propensity to consume and the multiplier were considered, as well as the psychological and business incentives to invest.
Journal ArticleDOI
The General Theory of Employment, Interest and Money.
Book
The Logic of Scientific Discovery
TL;DR: The Open Society and Its Enemies as discussed by the authors is regarded as one of Popper's most enduring books and contains insights and arguments that demand to be read to this day, as well as many of the ideas in the book.