کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
884057 1471681 2011 11 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Growth in post-Soviet Russia: A tale of two transitions
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Growth in post-Soviet Russia: A tale of two transitions
چکیده انگلیسی

In the early stages of post-Soviet Russia's economic transition, small-scale entrepreneurial activity appeared to be a strong engine of growth. Moreover, striking regional variations in initial conditions and adopted policy reforms appeared useful in accounting statistically for observed regional variations in entrepreneurial activity. Here, we investigate whether these relationships have persisted as Russia's transition has continued to evolve, and find that they have not. We then document that the emergence of bank-issued credit, virtually non-existent outside of Moscow prior to 2000, has been an important engine of growth since 2000. Thus to date, Russia's post-Soviet development appears as a tale of two distinct transition paths.

Research highlights
► Small-scale entrepreneurial activity is a strong engine of growth in the early stages of post-Soviet Russia's economic transition.
► Emergence of bank-issued credit, virtually non-existent outside of Moscow prior to 2000, has been an important engine of growth since 2000.
► The fact that the emergence of bank-issued credit has lagged in regions that have tended to resist the adoption of market reform suggests that the de facto political and economic influence of the regional Communist party is persistent in certain Russian regions.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Behavior & Organization - Volume 79, Issues 1–2, June 2011, Pages 133–143
نویسندگان
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