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Power – Property Core Of Economic Development: The Cases Of Russia And South Korea

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  • PYASTOLOV SERGEY

    ()
    (Russian Academy of Sciences, Research Institute for Scienti?c Information on Public Sciences)

  • SHITENKOVA ELENA

    ()

Abstract

The authors argue that some peculiarities of national development strategies may be described and explained with the help of the power – property concept which is used as a complement to the Economic Freedom surveys methodology. A cluster analysis approach is used to reveal the discrepancies in development strategies of Russia and of South Korea. The authors claim that factors which in fl uence those discrepancies are mostly institutional and cultural attributes that concern the power – property phenomenon.

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Bibliographic Info

Article provided by CyberLeninka & Общество с ограниченной ответственностью «Гуманитарные перспективы» in its journal Вопросы регулирования экономики.

Volume (Year): 3 (2012)
Issue (Month): 3 ()
Pages: 93-108

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Handle: RePEc:scn:029047:14037906

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Keywords: ЭКОНОМИЧЕСКОЕ РАЗВИТИЕ; РОССИЯ; ЮЖНАЯ КОРЕЯ; ВЛАСТЬ–СОБСТВЕННОСТЬ; ECONOMIC DEVELOPMENT; RUSSIA; SOUTH KOREA; POWER–PROPERTY;

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  1. Grossman, Sanford J & Stiglitz, Joseph E, 1980. "On the Impossibility of Informationally Efficient Markets," American Economic Review, American Economic Association, vol. 70(3), pages 393-408, June.
  2. Jac C. Heckelman, 2000. "Economic Freedom and Economic Growth: A Short-run Causal Investigation," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 71-91, May.
  3. Jakob de Haan & Susanna Lundstroem & Jan-Egbert Sturm, 2005. "Market oriented institutions and policies and economic growth: A critical survey," TWI Research Paper Series 5, Thurgauer Wirtschaftsinstitut, Universität Konstanz.
  4. Timothy Frye & Andrei Shleifer, 1996. "The Invisible Hand and the Grabbing Hand," NBER Working Papers 5856, National Bureau of Economic Research, Inc.
  5. Polterovich, Victor, 2001. "Rent Seeking, Tax Policy, and Economic Growth," MPRA Paper 20058, University Library of Munich, Germany.
  6. Gurgul, Henryk & Lach, Łukasz, 2011. "The nexus between economic freedom and growth: Evidence from CEE countries in transition," MPRA Paper 37434, University Library of Munich, Germany.
  7. Gordon Tullock, 2003. "The Origin Rent-Seeking Concept," International Journal of Business and Economics, College of Business, and College of Finance, Feng Chia University, Taichung, Taiwan, vol. 2(1), pages 1-8, April.
  8. Douglass C. North, 1993. "Five Propositions about Institutional Change," Economic History 9309001, EconWPA.
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