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Stability and Disorder: An Evolutionary Analysis of Russia's Virtual Economy

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  • Clifford Gaddy
  • Barry W. Ickes

Abstract

The hybrid system that the Russian transition has evolved into has been called the virtual economy. This paper analyzes the evolution of the virtual economy. We pay particular attention to the interaction of economic reform policies and the adaptive behavior of enterprise directors. We then analyze the implications of the virtual economy for Russia's stability and development, and place the evolution of the virtual economy into the larger international security context.

Suggested Citation

  • Clifford Gaddy & Barry W. Ickes, 1999. "Stability and Disorder: An Evolutionary Analysis of Russia's Virtual Economy," William Davidson Institute Working Papers Series 276, William Davidson Institute at the University of Michigan.
    • Handle: RePEc:wdi:papers:1999-276
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    File URL: http://deepblue.lib.umich.edu/bitstream/2027.42/39660/3/wp276.pdf
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    Cited by:

    1. Brown, J David & Earle, John, 2000. "Competition And Firm Performance: Lessons From Russia," CEPR Discussion Papers 2444, C.E.P.R. Discussion Papers.
    2. Richard B. Goud Jr., 2002. "Inter-Firm Non-Monetary Transactions in Russia: A Literature Review," Development and Comp Systems 0207001, University Library of Munich, Germany.
    3. Vasily Astrov & Korkut Boratav & Sandor Richter, 2002. "Monthly Report 05/2002," wiiw Monthly Reports 2002-05, The Vienna Institute for International Economic Studies, wiiw.
    4. Alexander Libman, 2018. "Post-Soviet Trade and Institutional Quality: Subnational Evidence," Spatial Economics=Prostranstvennaya Ekonomika, Economic Research Institute, Far Eastern Branch, Russian Academy of Sciences (Khabarovsk, Russia), issue 3, pages 115-137.

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