Latest Articles from Russian Journal of Economics Latest 3 Articles from Russian Journal of Economics https://rujec.org/ Thu, 28 Mar 2024 15:10:04 +0200 Pensoft FeedCreator https://rujec.org/i/logo.jpg Latest Articles from Russian Journal of Economics https://rujec.org/ Total expenditure elasticity of healthcare spending in Russia https://rujec.org/article/76219/ Russian Journal of Economics 7(4): 326-353

DOI: 10.32609/j.ruje.7.76219

Authors: Evguenii A. Zazdravnykh, Andrey V. Aistov, Ekaterina A. Aleksandrova

Abstract: In this study we estimate the income elasticity of spending on different healthcare services and medication in Russia, taking into account the non-linear relationship between income level and expenditure. We employ the RLMS-HSE data, 2006–2017, to estimate the elasticities at household level. Our findings show these elasticities have not changed over the years. Additionally, we show that low-income and high-income households demon­strate different levels of elasticities, which is consistent with the fact that healthcare is less affordable for the poor. The study confirms that healthcare and medication are close to luxury level for low-income households and drugs are almost income inelastic for rich households. The results could help to reveal which services are the least affordable for the population.

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Research Article Thu, 30 Dec 2021 19:17:54 +0200
Brazil in the 21st century: A difficult path https://rujec.org/article/78432/ Russian Journal of Economics 7(3): 250-268

DOI: 10.32609/j.ruje.7.78432

Authors: Leonid M. Grigoryev, Marina F. Starodubtseva

Abstract: Brazilian economic reforms in 21st century have great importance for the international community, especially for other countries of the middle level of development. The authors­ believe that, in spite of all the difficulties and crises, Brazil has made a decisive step forward by reforming its social structure and retaining democracy. Social reforms (especially­ minimal wage) led to strengthening middle class, but also to elevating its social aspirations. At this dramatic junction the economic development of the country was aggravated by external shocks and unsuccessful budget policies. The complex interaction of social macro­economic policies in Brazil with strong external shocks gives lessons to countries with similar characteristics. The pandemic and recession of 2020–2021 have made the path of development more complicated but there is room for optimism for Brazil in the long run.

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Research Article Fri, 3 Dec 2021 18:00:05 +0200
Examining interrelation between global and national income inequalities https://rujec.org/article/30170/ Russian Journal of Economics 4(3): 266-284

DOI: 10.3897/j.ruje.4.30170

Authors: Marek Dabrowski

Abstract: The last decade brought increasing attention to income and wealth inequalities in advanced economies because of their increase in several countries and negative social and political implications. However, this debate is often limited to the single-country perspective, disregarding decreasing global income inequalities, i.e. inequalities between individuals in the entire world. This paper focuses mainly on the global dimension of the inequality trends but also tries to update statistics on national inequality trends which, contrary to the dominant narrative, seem to go in various directions depending on a concrete country. Finally, an attempt is made to analyze the potential interrelation and trade-off between decreasing global inequalities and increasing national inequalities and the role of globalization, in its various forms, in such a trade-off.

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Research Article Tue, 9 Oct 2018 09:06:42 +0300