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Markets and democracy in Russia

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  • Ivanenko, Vlad

Abstract

The paper looks into convergence of Russian institutions with those of other democratic, free-market-oriented states, and considers definitions of "normalcy" that incorporate the concepts of free market, democracy, and government efficiency.The author provides an estimate of Russia s institutional convergence to the standards of the G7 and the Big Five group of large, middle-income countries that includes Brazil, China, and India.In some areas Russia outperforms "Big Five" countries, in others it trails behind.Finally, public mistrust, corruption, and inefficient governance in Russia are discussed in light of the Putin administration s current reform policies.

Suggested Citation

  • Ivanenko, Vlad, 2005. "Markets and democracy in Russia," BOFIT Discussion Papers 16/2005, Bank of Finland Institute for Emerging Economies (BOFIT).
    • Handle: RePEc:zbw:bofitp:bdp2005_016
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    References listed on IDEAS

    as
    1. Keefer, Philip, 2005. "Democratization and clientelism: why are young democracies badly governed?," Policy Research Working Paper Series 3594, The World Bank.
    2. Barro, Robert J, 1996. "Democracy and Growth," Journal of Economic Growth, Springer, vol. 1(1), pages 1-27, March.
    3. Besley, Timothy & Coate, Stephen, 1998. "Sources of Inefficiency in a Representative Democracy: A Dynamic Analysis," American Economic Review, American Economic Association, vol. 88(1), pages 139-156, March.
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    More about this item

    Keywords

    Free market; democracy; institutions; Russia;
    All these keywords.

    JEL classification:

    • O57 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Comparative Studies of Countries
    • P30 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - General
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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