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A tale of two city-states: Novgorod and Pskov in the 1990s

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  • Solanko, Laura
  • Tekoniemi, Merja

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.

Suggested Citation

  • Solanko, Laura & Tekoniemi, Merja, 2000. "A tale of two city-states: Novgorod and Pskov in the 1990s," BOFIT Discussion Papers 14/2000, Bank of Finland Institute for Emerging Economies (BOFIT).
    • Handle: RePEc:zbw:bofitp:bdp2000_014
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    1. Ms. Ratna Sahay & Mr. Jeromin Zettelmeyer & Mr. Eduardo Borensztein & Mr. Andrew Berg, 1999. "The Evolution of Output in Transition Economies: Explaining the Differences," IMF Working Papers 1999/073, International Monetary Fund.
    2. Mikhail A. Alexseev, 1999. "Russian Regions in Expanding Europe: The Pskov Connection," Europe-Asia Studies, Taylor & Francis Journals, vol. 51(1), pages 43-64.
    3. Berkowitz, Daniel & DeJong, David N., 2002. "Accounting for growth in post-Soviet Russia," Regional Science and Urban Economics, Elsevier, vol. 32(2), pages 221-239, March.
    4. Darrell Slider, 1999. "Pskov Under the LDPR: Elections and Dysfunctional Federalism in One Region," Europe-Asia Studies, Taylor & Francis Journals, vol. 51(5), pages 755-767.
    5. Bert Van Selm, 1998. "Economic performance in Russia's regions," Europe-Asia Studies, Taylor & Francis Journals, vol. 50(4), pages 603-618.
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    Keywords

    Russia; regions; Novgorod; Pskov;
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