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Unequal effects of liberalisation on diversification of Russia’s regions

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Author Info

  • Evgeny Yakovlev

    ()
    (UC Berkeley)

  • Ekaterina Zhuravskaya

    ()
    (Paris School of Economics and the New Economic School)

Abstract

In this paper we document how the unequal liberalisation of business regulation across Russia’s regions leads to varying effects on the diversification of Russia’s economy. We find that national liberalisation laws were better enforced in those regions with more transparent government. As a result, economic diversification was more marked and growth of the small business sector more significant. In contrast, in regions with less transparent government, we observe no effect of reform.

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Bibliographic Info

Paper provided by European Bank for Reconstruction and Development, Office of the Chief Economist in its series Working Papers with number 128.

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Length: 24 pages
Date of creation: Apr 2011
Date of revision:
Publication status: Published in Working papers 128, European Bank for Reconstruction and Development
Handle: RePEc:ebd:wpaper:128

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Keywords: diversification; liberalisation; Russia;

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