Policy reform and growth in post-Soviet Russia

In pursuit of its transition from a command to a market economy, Russia has witnessed enormous regional differences in economic growth rates. Moreover, the implementation of economic reforms has also differed markedly across regions. We analyze whether regional differences in reform policies can acc...

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Bibliographic Details
Published in:European economic review 2003-04, Vol.47 (2), p.337-352
Main Authors: Berkowitz, Daniel, DeJong, David N
Format: Article
Language:English
Subjects:
Economic growth
Economic policy
Economic reform
Economics
Enterprises
Liberalization
New enterprise formation
Price liberalization
Prices
Privatization
Regression analysis
Russia
Studies
Transition economies
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Summary:In pursuit of its transition from a command to a market economy, Russia has witnessed enormous regional differences in economic growth rates. Moreover, the implementation of economic reforms has also differed markedly across regions. We analyze whether regional differences in reform policies can account for regional differences in growth rates, and conclude that to a considerable degree, they can. Most notably, we find that regional differences in price liberalization policies exhibit a positive direct correspondence with growth. We also find that regional differences in large-scale privatization exhibit a positive correspondence with the regional formation of new legal enterprises, which in turn exhibits a strong positive correspondence with growth.
ISSN:0014-2921
1873-572X
DOI:10.1016/S0014-2921(02)00186-1