BOFIT Discussion Papers, Institute for Economies in Transition, Bank of Finland
The role of state and creation of a market economy in Russia
Abstract: This paper examines the role of institutions in economic
growth and the role of the institutions created by the Russian state in
particular. The author stresses the finding that growth-supporting
institutions vary according to the level of economic development in a
country. In a post-industrial society, that Russia aspires to be, further
economic development requires promotion of institutions securing e.g.
property rights and economic freedom. Finally, based on these observations,
the three development scenarios frequently discussed in the current Russian
economic policy debates are analysed.
Keywords: modernisation; role of institutions; economic development; Russia; (follow links to similar papers)
JEL-Codes: O10; O20; O30; (follow links to similar papers)
30 pages, August 22, 2011
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