BOFIT Discussion Papers, Institute for Economies in Transition, Bank of Finland
A Tale of Two City-States; Novgorod and Pskov in the 1990s
Abstract: This paper examines two regions of the Russian Federation,
Novgorod and Pskov, to compare how differences in economic policy affect
economic development. Despite common histories, geography and natural
resources, Novgorod committed early on to policies that would attract
foreign investments in production. Pskov, on the other hand, withdrew into
protectionist policies until it was clear that efforts to increase domestic
and foreign investment levels were needed. Using available statistics, we
consider the reasoning that led these regions down such distinctly
different economic policy paths – and consequences of these choices.
Keywords: Russia; regions; Novgorod; Pskov; (follow links to similar papers)
30 pages, December 29, 2000
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