New elites and their influence on entrepreneurial activity in Russia
When Russia transitioned to a democratic institutional system in 1991, some of its regions remained under control of old Communist Party elites, while some fell into the hands of political newcomers (“new elites”). Using a new panel dataset spanning 71 of the Russian regions over the years 1994–2006, I show that regions with new-elite governors whose rise to power was influenced by Putin ended up with significantly fewer small and medium enterprises (SMEs) than otherwise similar regions governed by old elites. One interpretation of this result is that Putin, in alliance with the oligarchs, sought to extend his power to the distant resource-abundant regions by promoting relatively inexperienced new elites to govern those regions. As the oligarchs of big business were allowed to monopolize the resources of the new-elite regions, entrepreneurial activity remained at depressed levels. The newcomers’ lack of leadership experience may have also contributed to this result.
If you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
As the access to this document is restricted, you may want to look for a different version under "Related research" (further below) or search for a different version of it.
References listed on IDEAS
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Ruta Aidis & Saul Estrin & Tomasz Mickiewicz, 2007.
"Institutions and Entrepreneurship Development in Russia:A Comparative Perspective,"
CEDI Discussion Paper Series
07-03, Centre for Economic Development and Institutions(CEDI), Brunel University.
- Aidis, Ruta & Estrin, Saul & Mickiewicz, Tomasz, 2008. "Institutions and entrepreneurship development in Russia: A comparative perspective," Journal of Business Venturing, Elsevier, vol. 23(6), pages 656-672, November.
- Saul Estrin & Ruta Aidis & Tomasz Mickiewicz, 2007. "Institutions and Entrepreneurship Development in Russia: A Comparative Perspective," William Davidson Institute Working Papers Series wp867, William Davidson Institute at the University of Michigan.
- Ruta Aidis, & Saul Estrin & Tomasz Mickiewicz, 2007. "Institutions and Entrepreneurship Development in Russia: A Comparative Perspective," Working Papers 79 Key Words: Entrepreneu, CENTRE FOR THE STUDY OF ECONOMIC AND SOCIAL CHANGE IN EUROPE,School of Slavonic and East European Studies,University College London (SSEES,UCL).
- Irina Denisova & Markus Eller & Ekaterina Zhuravskaya, 2010.
"What do Russians think about transition?,"
The Economics of Transition,
The European Bank for Reconstruction and Development, vol. 18(2), pages 249-280, 04.
- Acemoglu, Daron & Johnson, Simon & Robinson, James A & Yared, Pierre, 2005.
"Income and Democracy,"
CEPR Discussion Papers
5273, C.E.P.R. Discussion Papers.
- Daron Acemoglu & Simon Johnson & James A. Robinson, 2001.
"Reversal of Fortune: Geography and Institutions in the Making of the Modern World Income Distribution,"
NBER Working Papers
8460, National Bureau of Economic Research, Inc.
- Daron Acemoglu & Simon Johnson & James A. Robinson, 2002. "Reversal Of Fortune: Geography And Institutions In The Making Of The Modern World Income Distribution," The Quarterly Journal of Economics, MIT Press, vol. 117(4), pages 1231-1294, November.
- Berkowitz, Daniel & DeJong, David N., 1999.
"Russia's internal border,"
Regional Science and Urban Economics,
Elsevier, vol. 29(5), pages 633-649, September.
- Daniel Berkowitz & David N. DeJong, 2005.
"Entrepreneurship and Post-socialist Growth,"
Oxford Bulletin of Economics and Statistics,
Department of Economics, University of Oxford, vol. 67(1), pages 25-46, 02.
- Simeon Djankov & Edward Miguel & Yingyi Qian & Gerard Roland & Ekaterina Zhuravskaya, 2005.
"Who are Russia’s entrepreneurs?,"
w0048, Center for Economic and Financial Research (CEFIR).
- Berkowitz, Daniel & DeJong, David N., 2003.
"Policy reform and growth in post-Soviet Russia,"
European Economic Review,
Elsevier, vol. 47(2), pages 337-352, April.
- Arellano, Manuel & Bond, Stephen, 1991.
"Some Tests of Specification for Panel Data: Monte Carlo Evidence and an Application to Employment Equations,"
Review of Economic Studies,
Wiley Blackwell, vol. 58(2), pages 277-97, April.
- Tom Doan, . "RATS program to replicate Arellano-Bond 1991 dynamic panel," Statistical Software Components RTZ00169, Boston College Department of Economics.
- Popov, Vladimir, 2001. "Reform Strategies and Economic Performance of Russia's Regions," World Development, Elsevier, vol. 29(5), pages 865-886, May.
- Irina Slinko & Evgeny Yakovlev & Ekaterina Zhuravskaya, 2004.
"Laws for Sale: Evidence from Russia,"
Economics Working Papers
0046, Institute for Advanced Study, School of Social Science.
- Byung-Yeon Kim & Youngho Kang, 2009. "The informal economy and the growth of small enterprises in Russia," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 17(2), pages 351-376, 04.
- Estrin, Saul & Mickiewicz, Tomasz, 2010. "Entrepreneurship in Transition Economies: The Role of Institutions and Generational Change," IZA Discussion Papers 4805, Institute for the Study of Labor (IZA).
- John McMillan & Christopher Woodruff, 2002. "The Central Role of Entrepreneurs in Transition Economies," Journal of Economic Perspectives, American Economic Association, vol. 16(3), pages 153-170, Summer.
When requesting a correction, please mention this item's handle: RePEc:eee:jcecon:v:40:y:2012:i:2:p:240-255. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Zhang, Lei)
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.