Article ID Journal Published Year Pages File Type
992433 World Development 2010 15 Pages PDF
Abstract

SummaryWe explore the impact of informal institutions on technological change in transition, comparing the 89 regions of the Russian Federation. We use panel data during the period of recovery and growth, 1998–2004. The one-country framework provides a constant background—unlike, for example, in cross-country studies—against which variance in institution building may be observed. Property rights reform ranged from full enforcement in the Northwest to blocking in Communist regions in the Southeast. We find an unambiguous relationship between early strong reform and technological change. In our model, the quality of informal institutions is proxied by investment risk (ExpertRA Regions rating agency).

Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
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