Policy reform and growth in post-Soviet Russia
AbstractIn pursuit of its transition from a command to a market economy, Russia has witnessed enormous regional differences in economic growth rates. Moreover, the implementation of economic reforms has also differed markedly across regions. We analyze whether regional differences in reform policies can account for regional differences in growth rates, and conclude that to a considerable degree, they can. Most notably, we find that regional differences in price liberalization policies exhibit a positive direct correspondence with growth. We also find that regional differences in large-scale privatization exhibit a positive correspondence with the regional formation of new legal enterprises, which in turn exhibits a strong positive correspondence with growth.
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Bibliographic InfoArticle provided by Elsevier in its journal European Economic Review.
Volume (Year): 47 (2003)
Issue (Month): 2 (April)
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Web page: http://www.elsevier.com/locate/eer
Other versions of this item:
- O4 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
- P3 - Economic Systems - - Socialist Institutions and Their Transitions
- R1 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics
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