2 ноября в бизнес-инкубаторе ПВТ главный редактор журнала fDI Intelligence, структурного подразделения Financial Times Ltd и самого крупного в мире центра, специализирующегося на прямых иностранных инвестициях, – Кортни Фингар, проведет семинар, посвященный теме привлечения прямых иностранных инвестиций в ИT сферу.

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.

Термин FinTech обычно применяется к сегменту стартап технологии, которые меняют работу таких секторов, как мобильные платежи, денежные переводы, кредиты, сбор средств и даже управление активами. Блестящими примерами, известными по всему миру, являются Bitcoin, Square, M-Pesa, различные P2P и Краудфандинговые платформы.

This study analyzes the dynamics of tax revenues and tax rates for a large set of countries for at least last 50 years. We establish several stylized facts. First, corporate and individual income tax rates have been steadily declining, while value added tax(VAT) has been increasing for the most of the countries. The VAT was introduced in many countries in late 70s and early 80s. Second, the total revenue as % of GDP as well as the share non-tax revenues in total revenue have not changed much. Third, while the share of individual income tax has remained constant, the share of corporate tax has increased in spite of falling tax rates. Fourth, the sale tax revenue has become the most import source of revenue. The recent theoretical explanations cannot account for the observed pattern. We proposed an alternative by incorporating capital mobility into a model of the optimal capital taxation with heterogeneous agents a la Conesa et al (2009).

During the seminar we will discuss the economic mechanisms that link the consumer debt and overall economic growth. We will then evaluate if and how the government spending (fiscal stimulus) can mitigate the recessionary consequences of consumer indebtedness.