Do Institutions Matter for Technological Change in Transition Economies? The Case of Russia’s 89 regions and republics
AbstractWe explore the impact of institutions on technological change in a transition economy. We use regional panel data for Russia’s 89 regions and republics during the period of recovery and growth from 1998 to 2004 to show the impact of large variation in institutional development, ranging from full enforcement of property rights in the Northwest to red belt Communist regimes in the southeast. We find an unambiguous relationship between strong and sustained institutional development and technological change. We provide one model proxying the quality of institutions by the investment risk rating compiled by the rating agency ExpertRA Regions. (JEL: 030, P37, R11)
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Bibliographic InfoPaper provided by CENTRE FOR THE STUDY OF ECONOMIC AND SOCIAL CHANGE IN EUROPE,School of Slavonic and East European Studies,University College London (SSEES,UCL) in its series Working Papers with number 70.
Length: 51 pages
Date of creation: Dec 2006
Date of revision:
Find related papers by JEL classification:
- P37 - Economic Systems - - Socialist Institutions and Their Transitions - - - Legal
- R11 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General Regional Economics - - - Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
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- World Bank, 2011. "Russia : Reshaping Economic Geography," World Bank Other Operational Studies 13052, The World Bank.
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