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Do institutions matter for technological change in transition economies? The case of the Russia's 89 regions and republics

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  • Brigitte Evelyne Granville

    (School for Business and Management, Queen Mary, University of London, Mile End Road,London E1 4NS)

  • Carol Scott Leonard

    (St Antony’s College, Oxford University, Oxford. OX2 6JF)

Abstract

We 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.

Suggested Citation

  • Brigitte Evelyne Granville & Carol Scott Leonard, 2006. "Do institutions matter for technological change in transition economies? The case of the Russia's 89 regions and republics," UCL SSEES Economics and Business working paper series 70, UCL School of Slavonic and East European Studies (SSEES).
    • Handle: RePEc:see:wpaper:70
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    Cited by:

    1. World Bank, 2011. "Russia : Reshaping Economic Geography," World Bank Publications - Reports 13052, The World Bank Group.
    2. Estrin, Saul & Prevezer, Martha, 2010. "A survey on institutions and new firm entry: How and why do entry rates differ in emerging markets?," Economic Systems, Elsevier, vol. 34(3), pages 289-308, September.

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    More about this item

    JEL classification:

    • O30 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - General
    • P37 - Political Economy and Comparative 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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