Likelihood estimation & inference in a class of nonregular economic models
Rev.
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Author
Contributions
- Hong, Han - Contributor
- Massachusetts Institute of Technology. Dept. of Economics - Contributor
Publication
2003 - Massachusetts Institute of Technology, Dept. of Economics, Cambridge, MA, Massachusetts
Language
English
Word Count
8,250 words, Guess
Page Count
33 pages
Identifiers
- Internet Archivelikelihoodestima00cher
- OCLC Control Number52634485
- Open LibraryOL24640001M
Description
The reform era in Russia has been marked by a massive increase in reported crime, including organized crime. The purpose of this paper is to look more closely at the interaction between crime and economic reform measures. Widespread economic crime in the old system paved the way for the removal of central planning, though continuing economic crime may hinder or roll back the economic transition. Corruption and organized criminal activity, in particular, are explored, in both the pre-reform and reforming Russian economies. The theme that emerges is that the standard Western interpretation of crime is inappropriate under the conditions of Russian transition. While a large increase in corruption or organized crime would surely be economically detrimental in the United States, the impact is decidedly more ambiguous in Russia. JEL Classification: K42, P21.
Subjects
Series Statement
- Working paper series / Massachusetts Institute of Technology, Dept. of Economics -- working paper 03-11, Rev.
- Working paper (Massachusetts Institute of Technology. Dept. of Economics) -- no. 03-11.
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