Latest Articles from Russian Journal of Economics Latest 3 Articles from Russian Journal of Economics https://rujec.org/ Thu, 28 Mar 2024 20:56:07 +0200 Pensoft FeedCreator https://rujec.org/i/logo.jpg Latest Articles from Russian Journal of Economics https://rujec.org/ Environmental awareness: The case of climate change https://rujec.org/article/33619/ Russian Journal of Economics 4(4): 328-345

DOI: 10.3897/j.ruje.4.33619

Authors: Shlomo Weber, Hans Wiesmeth

Abstract: The extent of provision of a public good often relies on social awareness and public support for it. This applies, in particular, to global reduction of greenhouse gases and its relevance for mitigating climate change. We examine the concept of “public awareness” by introducing a formal model that analyzes efforts to mitigate climate change in a setting with heterogeneous countries. In the theoretical part we examine the Nash equilibrium of the contribution game. The effects of awareness and economic parameters on mitigation efforts can be disentangled, raising the possibility of linking awareness of climate change with economic wealth. The second part provides some empirical observations and offers the rankings of countries regarding awareness for climate change, as well as an empirical relationship between awareness and economic wealth.

HTML

XML

PDF

]]>
Research Article Mon, 31 Dec 2018 14:01:24 +0200
The demand for defense spending in Russia: Economic and strategic determinants https://rujec.org/article/27086/ Russian Journal of Economics 4(3): 215-228

DOI: 10.3897/j.ruje.4.27086

Authors: Christos Kollias, Suzanna-Maria Paleologou, Panayiotis Tzeremes, Nickolaos Tzeremes

Abstract: The allocation of resources to defense and national security is influenced by several factors, both domestic and external. Findings, reported in the relevant empirical literature, suggest that military spending is determined by a cohort of economic, strategic and political factors. This paper estimates a demand function for Russian military expenditure for the period 1992–2015. The results indicate that Russian defense spending is strongly dependent on income from energy exports as well as on the overall performance of the Russian economy. Strategic factors also emerge as significant determinants of such expenditure.

HTML

XML

PDF

]]>
Research Article Tue, 9 Oct 2018 14:14:02 +0300
Fiscal maneuver and restructuring of the Russian economy https://rujec.org/article/27990/ Russian Journal of Economics 3(3): 221-239

DOI: 10.1016/j.ruje.2017.09.001

Authors: Alexey Kudrin, Ilya Sokolov

Abstract: The paper discusses fiscal policy parameters through 2024. The suggested way to ensure long-term fiscal stability is stabilizing both the general government revenues and expenditures as percentages of GDP at levels differing by the public debt service payments and then applying a new version of the fiscal rule. The redistribution of fiscal spending from unproductive to productive areas (primarily investment in human and physical capital) is considered to boost economic growth. The possible use of additional spending on education, public health, and transport systems is presented, as is the optimization of expenditures in nonproductive areas.

HTML

XML

PDF

]]>
Research Article Thu, 31 Aug 2017 00:00:00 +0300