Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/161888
Authors: 
Fidrmuc, Jarko
Gundacker, Lidwina
Year of Publication: 
2017
Series/Report no.: 
CESifo Working Paper 6449
Abstract: 
We trace the rise of the so called oligarchs in post-Soviet Russia and examine their relationship to income distribution in Russia. When Russia moved to a market economy in the 1990s a new business elite evolved. Russia’s distinctive path towards market economy, among other factors, gave rise to the oligarchs who now control large parts of the economy and have a strong standing within politics and society. Using a unique regional data set on the locations of oligarchs’ businesses across the Russian regions, we test Acemoglu’s (2008) proposition that oligarchic societies experience extreme income inequality. Our results show significantly higher levels of income inequality in regions with a higher presence of oligarchs.
Subjects: 
Russia
oligarchs
entrepreneurship
privatization
inequality
JEL: 
L22
D43
P25
P31
Document Type: 
Working Paper

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