Economy
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Belarusian business associations: problems and potential for development
The consolidation of business in Belarus is represented and to be led by two types of organisations: business associations, i.e.
BEROC. Belarusian economic research and outreach center -
Foreign investment - no major changes in 2011
The overall situation observed in 2011 in terms of attracting foregin investments differed very little from that seen in previous years. The single largest sale which occured, however, did result in a large amount of FDI attracted during the year.
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The effect of the devaluation of the Belarusian ruble in 2011 on real incomes in Belarus
In 2011 Belarus suffered a currency crisis and an almost three-fold devaluation of the Belarusian ruble. As a result of the crisis, the real incomes of the population were reduced because of the high rate of inflation.
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The effect of direct lending on long-term economic growth
In international practice, there have been many cases of government interference in the functioning of financial markets via regulation. Such measures are taken for a variety of reasons.
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The future of the system of direct lending in Belarus
This research note focuses on issues with the lending policy in Belarus and considers possible mechanisms for its reform.
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The estimation of equivalence scales for Belarusian households and its impact on the definition of socially vulnerable groups in the population
This article includes an evaluation of equivalence scales for households in Belarus. The equivalence scales are calculated from data collected from the 2010 household survey. Calculation of equivalence scales is made through the Engel curve regression coefficient estimate.
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Dynamics of inflation and monetary aggregates in Belarus: stationary process or a random correlation?
This paper looks at the dynamic properties of inflation (based on the GDP deflator or implicit price deflator and the consumer price index) and the growth of the different monetary aggregates (M0, M1, M2 and M3) in Belarus.
BEROC. Belarusian economic research and outreach center -
Knowledge of finance - a necessary condition for economic development
Due to the globalisation of the world economy and financial markets adaptation to new financial instruments has to be implemented quickly, otherwise the economic development of the country in question will lag behind other countries.
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Foreign investments: not just about attraction, but also effectiveness
In terms of Belarusian efforts to attract foreign investments, the year 2010 looked a lot like the previous year.
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Structural shifts in the dynamics of inflation and monetary aggregates in Belarus
The determination of structural shifts in the dynamics of macroeconomic indicators is an important aim for applied econometric analysis and prediction.
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The role of the guarantor in the provision of housing loans
This paper analyses in detail the rules governing the use of guarantors as one of several methods available for the provision of housing loans.
BEROC. Belarusian economic research and outreach center -
Depressive regions
This paper studies the concept, main causes and features of depressed regions. The article highlights the main stages of development of the theory of depressive regions in research on regional issues, as well as defines the core indicators to measure the depressed state of the region.
BEROC. Belarusian economic research and outreach center -
Macroeconomic dynamics of Belarus in 2014: currency stress in the background of stagnation
Weak potential growth has sustained as the key challenge for Belarusian economy. In 2014, there has not been any substantial progress in this field, although the government declared a start in a preparatory stage for structural reforms.
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The role of the private sector in Belarus: evaluation problem
The development of a private sector and the expansion of its role in the economy is one of the key goals repeatedly announced by the Belarusian authorities. The reforms carried out in Belarus in 2006-2014 moved the country from 106th to 57th position in the World Bank Doing Business ranking.
BEROC. Belarusian economic research and outreach center -
Dollarization and de-dollarization: formulation of agenda
This policy paper deals with the phenomena of dollarization and prospects of de-dollarization policies in Belarus. During last two decades Belarus has been a highly dollarized economy.
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Unemployment insurance systems as a tool of social protection
In the context of growing dynamics of the labor market in Belarusthe problem of unemployment becomes more serious.
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Belarusian economy in 2013: an attempt to reset the old model of growth
This work is devoted to the analysis of macroeconomic dynamics in Belarus in 2013. The year 2013 clearly demonstrated the weak growth potential of the Belarusian economy.
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Trends and current challenges in Belarus' labor market
The main feature of the labor market of Belarus is the excessive administrative regulation and the dominance of the public sector. The economic policy of the labor market aimed at preserving low wage differentiation, and largest possible, sometimes excessive, employment.
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Prospects of economic and monetary integration of the CIS countries
Properly organized process of economic and monetary integration and the formation of the necessary level of integration maturity significantly increases the efficiency of the national economy within the framework of an economic union.
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Macroeconomic policy after the monetary crisis: challenges and prospects
This paper focuses on economic policy in Belarus in the aftermath of the currency crisis of 2011. It shows that, along with the prerequisites for an enabling policy and there was a serious obstacle - the high and volatile inflation expectations.
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The mechanism of adjustment to changes in exchange rate in Belarus and its implications for monetary policy
Knowing the fair value of the Belarusian ruble is one of the most vital issues for economic agents in 2011. In the second half of 2010 an aggressive expansionary policy led to significant macroeconomic fluctuations. Since then, the pressure for the currency market has been progressing.
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Macroeconomic Trends in 2010: Growth at any cost
The year 2010 saw Belarus gradually being pulled out of cyclical recession owing to the revival of external markets and massive incentives provided by economic leaders.
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Pension System of Belarus: Current State and Necessity for Reforms
The pension system of Belarus is inherited from USSR. It is gender-biased and does not contribute to economic development. Obsolescence of the system and demographic situation in Belarus make pension system reforms inevitable.
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Support of maternity in Belarus
Most developed and developing countries introduce measures to support and encourage fertility, motherhood and fatherhood.
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The model of monetary integration for Belarus
Integration processes in the economic and monetary fields are an integral part of the global economic system.Modeling and building of economic units occurs within various groups of countries.
BEROC. Belarusian economic research and outreach center