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Determinants of Barter in Russia; An Empirical Analysis

Author

Listed:
  • Christian Mumssen
  • Irina Dolinskaya
  • Simon Commander
  • Irina Tytell

Abstract

This paper analyzes the causes and consequences of non-monetary transactions in Russia, drawing on a large enterprise survey. We show that barter and offsets are linked to liquidity problems at the level of the firm and to arrears in particular. We find evidence that the state has channeled implicit subsidies to enterprises in the form of tax and utility offsets. The findings help explain the rise of non-monetary transactions during much of the 1990s. We show that non-monetary transactions inhibit enterprise restructuring. Our findings suggest that a policy solution to the non-cash problem would require the state and public utilities to phase out arrears and offsets.

Suggested Citation

  • Christian Mumssen & Irina Dolinskaya & Simon Commander & Irina Tytell, 2000. "Determinants of Barter in Russia; An Empirical Analysis," IMF Working Papers 00/155, International Monetary Fund.
  • Handle: RePEc:imf:imfwpa:00/155
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    Cited by:

    1. Mark J Flanagan, 2008. "Resolving a Large Contingent Fiscal Liability; Eastern European Experiences," IMF Working Papers 08/159, International Monetary Fund.
    2. Richard B. Goud Jr., 2002. "Inter-Firm Non-Monetary Transactions in Russia: A Literature Review," Development and Comp Systems 0207001, EconWPA.
    3. Jose Noguera & Susan Linz, 2003. "A Theoretical Model of Barter in Russia," CERGE-EI Working Papers wp207, The Center for Economic Research and Graduate Education - Economics Institute, Prague.

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