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Violette Reihe - Schriftenreihe des Promotionsschwerpunkts "Globalisierung und Beschäftigung", Universität Hohenheim >

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dc.contributor.authorDobler, Constanzeen_US
dc.contributor.authorHagemann, Haralden_US
dc.date.accessioned2012-02-07en_US
dc.date.accessioned2012-02-10T13:04:50Z-
dc.date.available2012-02-10T13:04:50Z-
dc.date.issued2011-12en_US
dc.identifier.urihttp://hdl.handle.net/10419/55222-
dc.description.abstractThe paper emphasizes the transition in Russia and the role institutions played before and during the process. In Russia, a big bang approach was applied. That is to say, transition was conducted all of a sudden, omitting important underlying reforms. This practice should function as a shock therapy. Hence, the approach should leave no other chance than an abrupt adaption to the new free-market rules. These rules would then lead to fast economic growth and development, as they did in other places. However, since Russian GDP per capita and thereby living standards deteriorated dramatically in the years after the collapse of the Soviet Union, the plan did not work. At any rate, since then Russian economic indicators recovered and partly achieved their pre-1991 levels at the end of the last decade. The paper depicts Russia's reform efforts and the subsequent developments. The close ties among the political elite, the banking sector and the old nomenklatura are demonstrated. The patrimonial system that persisted for centuries is still observable at the state level. At any rate, Russia can neither evade its historical and institutional development path nor its societal structures that are based on networks and nepotism. Russia's systemic lack of the rule of law and therewith of secure property, the character of the Russian political system with the patriarch as the head of state and the resulting necessity of corruption and bribes inhibit the realization of its full growth potential.en_US
dc.language.isoengen_US
dc.publisherUniv. Stuttgart-Hohenheimen_US
dc.relation.ispartofseriesSchriftenreihe des Promotionsschwerpunkts Globalisierung und Beschäftigung // Evangelisches Studienwerk e.V. 34/2011en_US
dc.subject.jelN14en_US
dc.subject.jelN24en_US
dc.subject.jelN44en_US
dc.subject.jelO43en_US
dc.subject.jelO52en_US
dc.subject.jelP20en_US
dc.subject.jelP30en_US
dc.subject.ddc330en_US
dc.subject.keywordcountry studiesen_US
dc.subject.keywordeconomic systemsen_US
dc.subject.keywordformerly centrally planned economiesen_US
dc.subject.keywordgrowthen_US
dc.subject.keywordinstitutionsen_US
dc.subject.keywordtransition economiesen_US
dc.subject.stwWirtschaftswachstumen_US
dc.subject.stwSystemtransformationen_US
dc.subject.stwSchocken_US
dc.subject.stwÜbergangswirtschaften_US
dc.subject.stwInstitutioneller Wandelen_US
dc.subject.stwPfadabhängigkeiten_US
dc.subject.stwPatronageen_US
dc.subject.stwRusslanden_US
dc.titleEconomic growth in the post-socialist Russian Federation after 1991: The role of Institutionsen_US
dc.typeWorking Paperen_US
dc.identifier.ppn684821362en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungenen_US
dc.identifier.repecRePEc:zbw:hohpro:342011-
Appears in Collections:Violette Reihe - Schriftenreihe des Promotionsschwerpunkts "Globalisierung und Beschäftigung", Universität Hohenheim

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