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New elites and their influence on entrepreneurial activity in Russia

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  • Shurchkov, Olga

Abstract

When Russia transitioned to a democratic institutional system in 1991, some of its regions remained under control of old Communist Party elites, while some fell into the hands of political newcomers (“new elites”). Using a new panel dataset spanning 71 of the Russian regions over the years 1994–2006, I show that regions with new-elite governors whose rise to power was influenced by Putin ended up with significantly fewer small and medium enterprises (SMEs) than otherwise similar regions governed by old elites. One interpretation of this result is that Putin, in alliance with the oligarchs, sought to extend his power to the distant resource-abundant regions by promoting relatively inexperienced new elites to govern those regions. As the oligarchs of big business were allowed to monopolize the resources of the new-elite regions, entrepreneurial activity remained at depressed levels. The newcomers’ lack of leadership experience may have also contributed to this result.

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Bibliographic Info

Article provided by Elsevier in its journal Journal of Comparative Economics.

Volume (Year): 40 (2012)
Issue (Month): 2 ()
Pages: 240-255

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Handle: RePEc:eee:jcecon:v:40:y:2012:i:2:p:240-255

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Web page: http://www.elsevier.com/locate/inca/622864

Related research

Keywords: Small enterprises; Political development; Economic transition;

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References

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  1. Ruta Aidis, & Saul Estrin & Tomasz Mickiewicz, 2007. "Institutions and Entrepreneurship Development in Russia: A Comparative Perspective," Working Papers 79 Key Words: Entrepreneu, CENTRE FOR THE STUDY OF ECONOMIC AND SOCIAL CHANGE IN EUROPE,School of Slavonic and East European Studies,University College London (SSEES,UCL).
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Cited by:
  1. Libman, Alexander & Obydenkova, Anastassia, 2013. "Communism or communists? Soviet legacies and corruption in transition economies," Economics Letters, Elsevier, vol. 119(1), pages 101-103.

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