Non-payments in the Russian Economy and in Regions
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This paper attempts to review main characteristics of payment arrears in a transition economy. The first section contains a system of theoretical models, each model describing the process of payment arrears originating due to specific features of development of the transition economy. The section presents a classification of major factors behind the generation of non-payments and a pattern of interaction between these factors. The second section contains the results of statistical testing of some theoretical hypotheses reviewed in the first section.
