Sunday, March 7, 2010

Women's Day

Given that's it's Women's day on Monday, several newspapers and magazines have made rankings of business women.


From the above ranking, it seems women make money from alcohol, food and beauty


Last year I wrote a column on women in business for Investgazeta, which can be found here


Saturday, March 6, 2010

Smoking Elasticities

Candidate Prime Minister Azarov allegedly claimed

“Whoever drink vodka, continues drinking it. The same can be said of tobacco: people who smoke continue to smoke,” Azarov said. “But they pay Hr 2-3 more per pack now. And this means the additional Hr 2-3 could’ve been spent on groceries, clothing, transportation expenses.”


Of course, this goes against any economic intuition (a price increase typically leads to a decrease in demand) and against empirical estimates. A very recent study on this topic can be found here

Friday, March 5, 2010

The Need for Positive Films


" Ukrtelefilm needs to revise the subject-matter plan of films for 2010, because now "the plots of films are 90-percent tragic," Mykola Zhulynskyi, chair of the National Council for Culture and Spirituality, told a board meeting of the State Committee for Television and Radio Broadcasting."

State Employment


"Over the years of Ukraine's independence, the number of officers of state grew 1.76 fold on average (from 170,000 to 300,000), according to the Dzerkalo Tyzhnia weekly newspaper, UKRINFORM reports."


Wasn't everybody working for the state under communism?

Wednesday, March 3, 2010

Explaining Ukraine's Performance at the Olympics

Why Ukraine isn't mentioned explicitly the explanation of the lack of medals for Ukraine can be inferred from this article



"I've got a couple of other theories for some of the variation from the model. Russia's athletic performance is in relative decline because the whole country is in relative decline. In the post-Soviet era, Russia's health, life expectancy, and population have declined. In the past two decades, many of its most ambitious citizens, including world-class athletes and their families, have emigrated. "Emigration probably has some impact," said Johnson. "For any nation where quality of life is diminishing, people with world-class opportunities leave." In Beijing, for example,gymnast Nastia Liukin, a Moscow native, won medals for the United States, not Russia. Italy, another country in economic and demographic decline, similar fell on its face in Vancouver. The model, which perhaps gave too much weight to Italy's impressive 2006 Turin performance, projected the Italians would win 19 medals. They took home only five."

and

"As it was for the Austrian skiers, the Vancouver Olympics were a little chastening for Prof. Johnson and his model. Over the past few Olympics, the model has a 94 percent correlation with the actual medal count per country and about an 88 percent correlation with the actual gold medal haul per country. But this year, not so much. "The predictions were less accurate this year than in any previous Olympics for which we've run numbers," Johnson said. "That suggests to me that something changed and these games were unusual.""

Tuesday, March 2, 2010

Monday, March 1, 2010

Professionals or Politicians


'Most Ukrainians do not want politician for prime minister'

"Ukraine needs a professional premier, who will implement unpopular reforms, the Kyiv Gorshenin Institute of Management Issues said in comment on a recent poll.

The opinion is shared by the overwhelming majority of respondents (81.7%). Some 68.4% said that Ukraine needed such a prime minister for sure, and 13.3% said they were inclined to that opinion.

A total of 5.9% of the respondents said that Ukraine needed a politician for prime minister, who would be guided with voters' opinion and hold a populist policy for winning the next election."

http://www.kyivpost.com/news/politics/detail/60731/

This is an interesting finding - and you would probably get the same results if you asked Ukrainians about whether they want 'professionals' for MP or president.
The question then becomes why Ukrainians elect 'non-professional' politicians and why professionals don't become political candidates?