Parallel Sessions A: Th, 14.15-15.45

OP 1 (Room SR 1): Reappraising the data of the functioning of the Soviet and Russian economy

Panel organizer and chair
Shinichiro Tabata (Hokkaido University)

Panel abstract
One of the purposes of the panel is to analyze the functioning of the Russian and former Soviet economy more deeply and thoroughly. For this purpose, we adopt new statistical approaches, including precise examination of national account, input-output, foreign trade and financial data. As a result of these analyses, we expect that the dependence of the Russian and former Soviet economy on external or international factors will be most vividly depicted. In other words, we will clarify how fragile is the Russian and former Soviet economy, when exposed by external factors or shocks, including the most recent one. In addition, based on our findings, we intend to discuss the possibility of the departure of the Russian economy from its oil and gas dependence.


  1. Masaaki Kuboniwa (Hitotsubashi University): Estimating GDP of the oil and gas sector in the Soviet Union and the present Russia
  2. Akira Uegaki (Seinan Gakuin University): Soviet trade in the period of WW II
  3. Evgeny Gavrilenkov (Sberbank-CIB): The metamorphosis of the monetary policy and Russia’s economic growth
  4. Shinichiro Tabata (Hokkaido University): Observations on high inflation in Russia in 2014 and 2015

Iikka Korhonen (Bank of Finland)


OP 2 (Room SR 2): Transition economies after 2008-9 crisis: firm-level response and reassessment of economic policy

Panel organizer and chair
Andrei Yakovlev (National Research University Higher School of Economics Moscow)

Panel Abstract
This panel will reflect the results of joint research project “Economics of European Crisis and Emerging Markets” initiated by Peter Havlik and Ichiro Iwasaki. The project aims to empirically examine possible impacts of recent global politico-economic crises including: (a) the 2008 US Lehman Shock, (b) the 2009 Eurozone sovereign crisis, and (c) the 2014 Ukrainian crisis on post-communist emerging markets in Central and Eastern Europe (CEE) and the former Soviet Union (FSU) by conducting international comparative analysis of the CEE and FSU economies and country case studies focusing on the Czech Republic, Hungary, Poland and the Russian Federation. In this panel we plan to present four papers from this project. The paper of Ichiro Iwasaki, Mathilde Maurel and Bogdan Meunier as well as the paper of Jan Hanousek and Evzen Kocenda will consider different aspects of micro-level response on the crisis in Russia and Czech republic. The papers of Miklós Szanyi and Natalia Akindinova will discuss broader consequences of the crisis for economic policy in Hungary and Russia.


  1. Bogdan Meunier (University of Paris 1 Panthéon Sorbonne), Ichiro Mathilde Maurel: Firm entry and exit during a crisis period. Evidence from Russian regions
  2. Evzen Kocenda (Charles University Prague), Jan Hanousek: FDI and ownership in Czech firms: Pre- and post-crisis efficiency
  3. Miklós Szanyi (Budapest Business School, Institute of World Economics, CERS, Hungarian Academy of Science): The FDI-led development model revisited? The case of Hungary
  4. Natalia Akindinova (National Research University Higher School of Economics Moscow): Political constraints for economic development: the case of Russia

Richard Frensch (IOS Regensburg, University of Regensburg)


PS 1 (Room SR 3): Regional policies and contexts

Kadri Paes (University of Tartu)

  1. Kärt Rõigas (University of Tartu), Alo Lilles, Urmas Varblane: Comparative view on the EU regions by their potential of University-Industry cooperation
  2. Philipp Marek (University of Bremen, Halle Institute for Economic Research), Bruno Merlevede: Regional policy and firm performance – Evidence for Eastern Europe
  3. Kadri Paes (University of Tartu), Anneli Kaasa, Urmas Varblane: Regional cultural context as a determinant of entrepreneurial behaviour: the case of Germany


PS 2 (Room SR 4): Macroeconomic policies and employment

Enrico Marelli (University of Brescia)

  1. Horst Brezinski (University of Economics Poznan, TU Begakademie Freiberg), Ryszard Barczyk: A comparative analysis of macroeconomic stabilization policy in Poland and in Germany in the years 1990-2015
  2. Enrico Marelli (University of Brescia), Marcello Signorelli: Output, investment and (un)employment gaps in the Eurozone: new policies are urgently needed
  3. Astghik Mavisakalyan (Curtin University): Looks matter: Attractiveness and employment in the Former Soviet Union


PS 3 (Room SR 5): Inequality  

Francesco Venturini (University of Perugia) 

  1. Michael Keren (Hebrew University of Jerusalem): Is fighting inequality costly? Not when Homo Socialis is added to Homo Economicus
  2. Agnes Orosz (Institute of World Economics of the Centre for Economic and Regional Studies of the Hungarian Academy of Sciences, National University of Public Service, Hungary): The evolution of the East Central European welfare state regime
  3. Francesco Venturini (University of Perugia): A Schumpeterian perspective on Piketty’s laws of capitalism


PS 4 (Room SR 6): Currencies and monetary policy 

Norbert Szijártó (Institute of World Economics of the Centre for Economic and Regional Studies of the Hungarian Academy of Sciences, Corvinus University of Budapest and National University of Public Service) 

  1. Jan Hajek (Charles University Prague, Czech National Bank): Real exchange rate misalignment in the Euro Area: Can be deflation helpful?
  2. Jenny Körner (University of Regensburg): Monetary transmission in the Czech Republic after the transformation
  3. Norbert Szijártó (Institute of World Economics of the Centre for Economic and Regional Studies of the Hungarian Academy of Sciences, Corvinus University of Budapest and National University of Public Service): Three periphery regions of the Europe Union and the optimum currency area theory