Labor Migration of Armenians into Russia: Problems and Prospects
Ashot Aleksanyan - Doctor of Politics, Expert of the Migration Competence Center, Associate Professor, Department of Political Science, Faculty of International Relations, Yerevan State University. Address: 1 Alex Mannogian St., 0025, Yerevan, Armenia. E-mail: ashalex@ysu.amThis article provides a comparative analysis of the main factors of Armenian labor migration and the Indices of social development in Armenia (1990-2012). The article discusses the general trends of labor migration from Armenia. After the collapse of the Soviet Union, Russia has become not only the «initial center» of labor migration, but a transit zone for labor migrants from Armenia. Since the establishment of the CIS, the mechanisms of the regulation of labor migration issues between Armenia and Russia have been formed. The integration of Armenian labor legislation began with the establishment of the Eurasian Customs Union (ECU), the Eurasian Economic Community (EurAsEC) and the Eurasian Economic Union (EEU). Armenia, after signing several agreements, also had the opportunity to actively participate in the development of a common labor market in the Eurasian space. In this context, the article discusses some statistics on labor migration.
The Impact of the Global Financial Crisis on Emerging Financial Markets
Emerging financial markets have largely proven resilient to the consequences of the Global Financial Crisis. While this owes much to the bitter experience and economic strategies developed and implemented following the Asian Financial Crisis of 1997–1998, providence also played a hand in that relatively few of its financial institutions were exposed to the complex structured products that underpinned the demise of many financial intermediaries in the United States and Europe. The objective of this volume is to investigate and assess the impact and response to the crisis in emerging markets from a number of perspectives. These include asset pricing, contagion, financial intermediation, market structure and regulation. Our hope is that the assembled chapters offer clear insights into the complex financial arrangements that now link emerging and developed financial markets in the current economic environment. The volume spans four dimensions: first, a series of background studies offer explanations of the causes and impacts of the crisis on emerging markets more generally; then, implications are considered. The third and final sections provide insights from regional and country-specific perspectives.
Monte Carlo properties of spatial dependence LM tests
This paper compares the power and size of both spatial one-directional and robust to local misspecification LM test using Monte Carlo techniques under different set ups. Confirming the results found in Anselin et al . (1996), under local misspecification the robust LM test improves its size and power of tests. However, under no misspecification, the robust LM test is severely penalized and the usual one-directional LM test has a much better performance.