BOFIT Discussion Papers, Institute for Economies in Transition, Bank of Finland
No 26/2011:
The ownership of industrial land in Russian cities: Explaining patterns of privatization across regions and firms
William Pyle ()
Abstract: The voluminous literature on the privatization of Russian
industry overlooks, almost completely, the story of enterprise land rights
– a story that does not jibe well with the standard narrative of
post-Soviet reform. This paper explains the path that has led to
significant inter-regional variation in the ownership status of lands
underneath urban industrial enterprises. It then introduces unique data
from a survey of 359 large industrial firms across several dozen of
Russia’s largest cities to explore why some firms have purchased their
production plots whereas others continue to lease or hold these lands under
the old Soviet system of tenure. In exploring both inter-regional and
inter-firm variation in land rights, we find evidence consistent with the
proposition that the decisions of regional officials and (the managers and
owners of) firms are guided by securing rights over real estate rents.
Keywords: urban land; property rights; Russia; (follow links to similar papers)
JEL-Codes: K11; L60; P26; P31; R33; (follow links to similar papers)
40 pages, October 20, 2011
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