Research
Hidden Champions of Belarus 2011
Extending the taxonomy of Belarusian Hidden Champions, the chapter discusses the context in which Belarusian Hidden Champions evolved and adapted their business models to rapidly changing global environment. Based on in-depth interviews with founders, we present the case studies of three Belarusian Hidden Champions that substantially differ in terms of their history, strategy and business model. In addition, getting a glimpse of the future, we make assumptions on sectors that may give rise to new Hidden Champions. Implications and recommendations for the government, business schools and financial institutions are provided.
Maksim Yemelyanau|Aliaksandr Amialchuk|Katerina Lisenkova|Mykhaylo Salnykov| 11.05.2011
Economic Determinants of Fertility in Belarus: a Micro-Data Analysis
This paper examines the determinants of births in Belarus in 1996-2007 by using detailed micro data from the Belarusian Household Budget Surveys (BHBS).
| 11.05.2011
Real Business Cycles in the Model with Two-person Household and Home Production
This paper is an attempt to replicate the co-movement of hours and productivity observed in the post-war U.S. data using one shock model.
20.03.2011
Macroeconomic Trends in 2010: Growth at any Cost
This policy paper contains the analysis of the problems of the foreign account deficit, external debt, money market imbalances, inflationary potential, fragile financial standing of domestic companies aggravated in Belarus by early 2011 and their impact on macroeconomic stability and long-term sustainable growth.
| 11.03.2011
The Impact of Foreign Direct Investment on Industrial Economic Growth in Belarus
This paper analyses the impact of foreign direct investment (FDI) on economic performance using the Belarusian industrial aggregated panel data over the 2002-2009 period.
The Role of the Guarantor as a Form of Credit Security for Housing Construction
The author examines the role of guarantor as one of the means of securing housing credits as well as the international practice of developing mortgage lending.