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A Normal Country

Author Info

  • Andrei Shleifer
  • Daniel Treisman

Abstract

During the 1990s, Russia underwent an extraordinary transformation from a communist dictatorship to a multi-party democracy, from a centrally planned economy to a market economy, and from a belligerent adversary of the West to a cooperative partner. Yet a consensus in the US circa 2000 viewed Russia as a disastrous and threatening failure, and the 1990s as a decade of catastrophe for its citizens. Analyzing a variety of economic and political data, we demonstrate a large gap between this perception and the facts. In contrast to the common image, by the late 1990s Russia had become a typical middle- income capitalist democracy.

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File URL: http://www.economics.harvard.edu/pub/hier/2003/HIER2019.pdf
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Paper provided by Harvard - Institute of Economic Research in its series Harvard Institute of Economic Research Working Papers with number 2019.

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Date of creation: 2003
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Handle: RePEc:fth:harver:2019
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Find related papers by JEL classification:
  • P2 - Economic Systems - - Socialist Systems and Transition Economies
  • P3 - Economic Systems - - Socialist Institutions and Their Transitions

References listed on IDEAS
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  1. Rafael La Porta & Florencio Lopez-de-Silane & Andrei Shleifer, 1998. "Corporate Ownership Around the World," NBER Working Papers 6625, National Bureau of Economic Research, Inc.
  2. Karla Hoff & Joseph E. Stiglitz, 2002. "After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies," NBER Working Papers 9282, National Bureau of Economic Research, Inc.
  3. Blanchard, O & Kremer, M, 1996. "Disorganization," Working papers 96-30, Massachusetts Institute of Technology (MIT), Department of Economics.
  4. Branko Milanovic, 1999. "Explaining the increase in inequality during transition," The Economics of Transition, The European Bank for Reconstruction and Development, vol. 7(2), pages 299-341, July.
  5. Claessens, Stijn & Djankov, Simeon & Lang, Larry H. P., 2000. "The separation of ownership and control in East Asian Corporations," Journal of Financial Economics, Elsevier, vol. 58(1-2), pages 81-112.
  6. Mara Faccio, 2006. "Politically Connected Firms," American Economic Review, American Economic Association, vol. 96(1), pages 369-386, March.
  7. Simeon Djankov & Caralee McLiesh & Tatiana Nenova & Andrei Shleifer, . "Who Owns the Media?," Working Paper 19470, Harvard University OpenScholar.
  8. Brainerd, Elizabeth, 1998. "Winners and Losers in Russia's Economic Transition," American Economic Review, American Economic Association, vol. 88(5), pages 1094-1116, December.
  9. Kevin M. Murphy & Andrei Shleifer & Robert W. Vishny, 1992. "The Transition to a Market Economy: Pitfalls of Partial Reform," The Quarterly Journal of Economics, Oxford University Press, vol. 107(3), pages 889-906.
  10. Milanovic, Branko, 1998. "Explaining the increase in inequality during the transition," Policy Research Working Paper Series 1935, The World Bank.
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Cited by:

  1. Elizabeth Brainerd & David M. Cutler, 2005. "Autopsy on an Empire: Understanding Mortality in Russia and the Former Soviet Union," William Davidson Institute Working Papers Series wp740, William Davidson Institute at the University of Michigan.
  2. Glushchenko Konstantin, 2004. "Integration of the Russian Market. Empirical Analysis," EERC Working Paper Series 04-06e, EERC Research Network, Russia and CIS.
  3. Steven Rosefielde, 2005. "Russia: An Abnormal Country," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 2(1), pages 3-16, June.
  4. Phyllis Dininio & Robert W. Orttung, 2004. "Explaining Patterns of Corruption in the Russian Regions," William Davidson Institute Working Papers Series 727, William Davidson Institute at the University of Michigan.
  5. repec:hhs:bofitp:2006_007 is not listed on IDEAS
  6. Shah, Anwar, 2006. "Corruption and decentralized public governance," Policy Research Working Paper Series 3824, The World Bank.
  7. Karla Hoff & Joseph E. Stiglitz, 2002. "After the Big Bang? Obstacles to the Emergence of the Rule of Law in Post-Communist Societies," NBER Working Papers 9282, National Bureau of Economic Research, Inc.
  8. Iwasaki, Ichiro & Dolgopyatova, Tatiana & Yakovlev, Andrei & Bruno, Dallago, 2004. "Corporate Governance in Transition Economies. Part 1: The Case of Russia," Discussion Paper Series b29, Institute of Economic Research, Hitotsubashi University.
  9. Nina Cankar & Simon Deakin & Marko Simoneti, 2008. "The Reflexive Properties of Corporate Governance Codes: The Reception of the 'Comply or Explain' Approach in Slovenia," ESRC Centre for Business Research - Working Papers wp371, ESRC Centre for Business Research.
  10. Corinna Manig & Alessio Moneta, 2009. "More or Better ? Measuring Quality versus Quantity in Food Consumption," LEM Papers Series 2009/17, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
  11. Gluschenko, Konstantin, 2006. "Russia's common market takes shape : price convergence and market integration among Russian regions," BOFIT Discussion Papers 7/2006, Bank of Finland, Institute for Economies in Transition.
  12. repec:hhs:bofitp:2004_015 is not listed on IDEAS
  13. Rosefielde, Steven, 2004. "An abnormal country," BOFIT Discussion Papers 15/2004, Bank of Finland, Institute for Economies in Transition.

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