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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 Granville
  • Carol Scott Leonard

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 institution building in transition. The degree of institutional reform ranged 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 a model proxying the quality of institutions by the investment risk rating compiled by the rating agency ExpertRA Regions.

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  • Brigitte Granville & Carol Scott Leonard, 2007. "Do Institutions Matter for Technological Change in Transition Economies? The Case of the Russia’s 89 regions and republics," Working Papers 4, Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research.
  • Handle: RePEc:cgs:wpaper:4
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    Cited by:

    1. World Bank, 2011. "Russia : Reshaping Economic Geography," World Bank Publications - Reports 13052, The World Bank Group.

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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 - 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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