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A Tale of Two City-States; Novgorod and Pskov in the 1990s

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Abstract

This paper examines two regions of the Russian Federation, Novgorod and Pskov, to compare how differences in economic policy affect economic development. Despite common histories, geography and natural resources, Novgorod committed early on to policies that would attract foreign investments in production. Pskov, on the other hand, withdrew into protectionist policies until it was clear that efforts to increase domestic and foreign investment levels were needed. Using available statistics, we consider the reasoning that led these regions down such distinctly different economic policy paths – and consequences of these choices.

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File URL: http://www.suomenpankki.fi/bofit_en/tutkimus/tutkimusjulkaisut/dp/Documents/dp1400.pdf
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Bibliographic Info

Paper provided by Bank of Finland, Institute for Economies in Transition in its series BOFIT Discussion Papers with number 14/2000.

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Length: 30 pages
Date of creation: 29 Dec 2000
Date of revision:
Handle: RePEc:hhs:bofitp:2000_014

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Postal: Bank of Finland, BOFIT, P.O. Box 160, FI-00101 Helsinki, Finland
Phone: + 358 10 831 2268
Fax: + 358 10 831 2294
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Web page: http://www.suomenpankki.fi/bofit_en/
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Keywords: Russia; regions; Novgorod; Pskov;

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  1. Daniel Berkowitz and David N. DeJong & Daniel Berkowitz and David N. DeJong, 1999. "Accounting for Growth in Post-Soviet Russia," William Davidson Institute Working Papers Series 256, William Davidson Institute at the University of Michigan.
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