Dr. Vakhitova presented her research-in progress ‘How better working conditions affect migrant's remittances decision?”

BEROC invites you to attend an open seminar with Maksym Obrizan "Poverty Trends in Ukraine over 2011-2015"

Open Lecture with Darryl J. Mitry "Main Problems of Monetary System" will be held at IBB, Minsk on December 16, 2016.

BEROC announces the enrollment to the Postgraduate School in Economics to be held in Minsk in January – June 2017.

The empirical results from study of the wage inequality in Belarus' districts (from 2000 till 2015) show: first, that wage disparities across the districts decreased in the 2000-2012 period and then increased from 2013 to 2015; second, there is the spatial dependency in district wages and increasing separation between districts, and between rural and urban population in Belarus; third, the main economic factors that contribute to decrease in district wage inequality are industrial development, retail trade and agricultural development. Finally, from theoretical point of view the research rejects the inverted U-shaped relationship between spatial inequality and economic development for Belarus and supports the hypothesis made by French economist Thomas Piketty that slow growth rates lead to rising inequality.

Market integration in developing countries is crucial condition under which new economic policies and technological advancements will positively affect economic growth. Consider the following example: a farmer is deciding whether to implement a new technology, which, at some cost, should significantly increase output. If there is only one local market, which is not integrated to other markets in the country, increased output will just plummet the pries and return on the investment may be low or negative. If, however, markets are integrated, the excess of the product will “flow” to the central market and from there to other markets in the country, and price effect will be minimal. In this case, the farmer has much higher incentives to implement the new technology, which facilitates economic growth. I review recent advances in this field and suggest some future research directions.