2015

Mykyta Babych: INFLUENCE OF DEPRECIATION ON RETAIL OF GOODS IN UKRAINE

In this thesis the effect of influence of depreciation on retail disaggregated prices of food products in Ukraine is studied. Using a single-equation Error Correction model pass-through coefficients for locally produced consumer goods and import consumer goods are found. It is found that for Ukraine the level of pass-through effect is slightly higher than the typical result for developing countries.

Anna Didenko: IMPACT OF MIGRATION NETWORK ON INCOME OF UKRAINIAN MIGRANTS

This thesis investigates the effect of migration networks on income of Ukrainian  emigrants, for the sample of 45477 observations on Ukrainian residents for the period of 2010-2012.  Here, migration network is defined as family and friendship connections that help migrants to find a job abroad and/or to organize working contract, visa and other documents. In order to conduct such a research I follow the methodology suggested by Amuedo-Dorantes and Mundra (2007), who estimate the effect of the impact of migration networks on migrants’ income for Mexican emigrants to the US. However, I use two specifications of the Heckman model:  linear and ordinal probit. The obtained empirical results are as follows. Migration networks have different effect on different income groups of emigrants, in terms of probabilities to fall into higher income group. For lower income groups its effect is significant and negative (and it varies from -4.68% to  -1.31%), for higher income groups it is positive (varies from 1.12% to 6.46%), but not for all high income groups it is significant. In terms of changes in average monthly wage of an emigrant, networking on average is associated with about USD120 increase in wage.

Sergii Drobot: CONSUMER CONFIDENCE AND HOUSEHOLD DEPOSITS

This study examines the long-run relationship between household deposits and consumer confidence in Ukraine over period from  December 2004 to December 2013 using cointegration analysis. We find that consumer confidence and household deposits share long-run equilibrium. The empirical result in most cases shows negative relationship between consumer confidence and household deposits, which corresponds to the Hall's (1978) mathematical version of permanent income hypotheses. Our findings also show that consumer confidence index may be used by regulator for predicting deposit flows.

Tetiana Kalambet: CONSUMERS' PREFERENCES: STRUCTURAL CHANGES IN DEMAND FOR MEAT AND POULTRY IN UKRAINE

Meat as a base for food consumption plays significant role in determining health state of population as well as overall welfare and macroeconomic prospects for agricultural industry. Issue of consumer choice between different types of meat is important both for trade and health economics, as well as policy design within these areas. Current paper is dedicated to meat demand in Ukraine, where the most popular types of meat are poultry, beef and pork. Using Quadratic Almost Ideal Demand System approach the model for meat demand was built, and expenditure and price elasticities of demand were obtained, as well as their changes over time. There were found demographic and social characteristics affected consumer choice, and differences in demand of urban and rural consumers were investigated. Following the results obtained, comparison of Ukrainian meat demand with those of other countries was made in order to define potential directions for development.

Polina Kanel: MEASURING THE INFLUENCE OF AGGLOMERATION EFFECTS ON THE U.S BANKING INDUSTRY EFFICIENCY

Decision regarding branch location became strategic, which should accounts for the unique surrounding of the given location and the dynamic of the external economic factors. This paper aims to estimate the spillover effect from the branch surrounding due to the agglomeration of the branches in the New York Metropolitan statistical area. After aggregating data from the branch to the 5-digit zip code level data, it was found that indeed there is spillover effect with elasticity around 0.13, which is realized in the additional efficiency gain in the deposit collection process. Also it was found that the services (non-finance) industry development has significant influence on the region branch efficiency with elasticity of 3.5. At the same time the diversity of the branch or the service provided types in the region do not have significant influence on the deposits collection efficiency.

Dmytro Karpov: EFFECTS OF PHARMACEUTICAL PROMOTION. THE CASE OF A FIRM WITHIN THE MARKET OF HEPATOPROTECTORS IN UKRAINE

This paper has two major objectives. The first objective is to identify what effect has the DTCA, brand-switching or market-expanding. The second objective is to determine what type of promotion has the stronger effect on market share, DTCA or detailing. There is no similar study that investigated the effect of pharmaceutical promotion in Ukraine. This paper finds that DTCA has the market-expanding effect rather than business-stealing.  Empirical results show that managers should use detailing more often than DTCA.

Seit-Bekir Suleimanov: DETERMINANTS OF ENTRY OF FIRMS IN UKRAINE

The aim of the paper is to study the determinants of entry of firms in Ukraine. To estimate the determinants we use the panel data for years 2002-2008 coming from the National Statistics Department and the data archive of the Kyiv School of Economics. There are firm specific, industry specific and region specific factors. The paper in contrast with previous works concentrated on the Ukrainian market. As in the case with Sweden we found that the agglomeration factors almost do not affect the entry choice. There is also an evidence that the increase in available job positions decrease the entry rate. 

Vitalii Zhukov: DETERMINANTS OF THE PROTEST MOODS IN UKRAINE

The paper investigates the connection between the protest moods in Ukraine and economic, political, right, sociological and psychological factors that could influent them. Previous protests studies in Ukraine were less empirical and were not supported by regression models. The economic motivation lies in the different economic issues that Ukraine experiences and their influence on the protest moods in the country. I use data for more than 25 000 people interviewed from the Survey “Thoughts, ratings and life conditions of Ukraine population” conducted by Institute of Sociology NAS of Ukraine. The regression analysis shows that the psychological factor is the most significant for the protest moods in Ukraine. People who believe that they could change the country and the people who are less tolerant to encroach on legitimate rights are more likely to protest in Ukraine.