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Bypassing weak institutions in a large late-comer economy

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  • BESSONOVA, EVGUENIA
  • GONCHAR, KSENIA

Abstract

This paper addresses the link between the strong inflow of FDI into Russia in the 2000s and its weak institutions, using plant-level data across subnational regions. The findings imply that investors have responded positively to improved quality of institutions in certain regions, which offered a combination of wealth, skills and good infrastructure. High development levels in host regions helped to bypass some institutional shortcomings. Investors from source countries exhibiting comparable institutional environment appeared to be more immune to political conflict. Round-trip investors reacted to institutional determinants in almost the same manner as genuine investors, except for tolerance to labor market imperfections.

Suggested Citation

  • Bessonova, Evguenia & Gonchar, Ksenia, 2015. "Bypassing weak institutions in a large late-comer economy," Journal of Institutional Economics, Cambridge University Press, vol. 11(4), pages 847-874, December.
    • Handle: RePEc:cup:jinsec:v:11:y:2015:i:04:p:847-874_00
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    Cited by:

    1. Alexander Chepurenko & Maria Kristalova & Michael Wyrwich, 2019. "Historical and Institutional Determinants of Universities’ Role in Fostering Entrepreneurship," Foresight and STI Governance (Foresight-Russia till No. 3/2015), National Research University Higher School of Economics, vol. 13(4), pages 48-59.
    2. Frolov, Daniil, 2018. "От Институтов К Экститутам И Далее - К Теории Институциональных Аномалий [From Institutions to Extitutions to the Theory of Institutional Anomalies]," MPRA Paper 90286, University Library of Munich, Germany.
    3. Eugenia Bessonova & Gonchar Ksenia, 2017. "Structural Decisions of Multinationals in Regions with Weak Courts," HSE Working papers WP BRP 161/EC/2017, National Research University Higher School of Economics.

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