Non-payments in the Russian Economy and in Regions

Publication date
Sunday, 03.06.2001

Authors
A. Zolotoreva L. Lederman O. Lugovoi R. Entov

Series
CEPRA

Annotation
Many East European and former Soviet Union economies in the process of transition to the market economy encountered the problem of enterprise insolvency and a massive growth of inter-enterprise payment arrears. However, while a number of countries could settle the problem of payment arrears, diminish amounts and check the growth of outstanding debts, in Russia this problem persists.

Contents

SECTION 1. SYSTEM OF THEORETICAL MODELS
SECTION 2. THE PROBLEM OF PAYMENT ARREARS IN THE RUSSIAN ECONOMY: LEGAL ASPECTS
SECTION 3. A REVIEW ON CANADIAN PAYMENT SYSTEM AND CONTRACT ENFORCEMENT
SECTION 4. EMPIRICAL TESTING OF HYPOTHESES, CONSTRUCTION OF ECONOMETRIC MODELS
Annex 1. Dynamics of Overdue Indebtedness

Notes

ISBN 5-93255-039-2
The research and the publication were undertaken in the framework of CEPRA (Consortium for Economic Policy, Research and Advice) project funded by the Canadian Agency for International Development (CIDA).



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