The impact of recession on the regions of Belarus: the role of starting conditions, economic policy and small business

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The paper analyses the changes in the economies of the regions of Belarus (at the regional and district levels) during the recession. Using the main components method, the author constructs summary indicators which characterise starting conditions and change of the economy of regions in the recession period. Econometric analysis of panel and structural data reveals economic, institutional and geographical factors affecting regional development with emphasis on small business development.

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Last updated 28.11.2017
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