Likelihood estimation & inference in a class of nonregular economic models
By: Victor Chernozhukov and Han Hong
Contributors: Hong, Han; Massachusetts Institute of Technology. Dept. of Economics
Edition: Rev.
Series: 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.
Publisher: Massachusetts Institute of Technology, Dept. of Economics
Published: 2003
Place of publication: Cambridge, MA
Language: eng
Number of pages: 33
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.
Notes: "January 2003. -- Revised: May 9, 2003."

Includes bibliographical references (p. [34]-[35]).

Abstract in HTML and working paper for download in PDF available via World Wide Web at the Social Science Research Network.