A macroeconomic model of Russian transition: The role of oligarchic property right

Economics of Transition

Volumn 15, Issue 1, 2007, Pages 77-107

  Braguinsky, Serguey ^b   Myerson, Roger ^a  

^a UNIVERSITY AT BUFFALO   (United States)

^b UNIVERSITY OF CHICAGO   (United States)

Author keywords

Credit squeeze; Depression; Growth; Oligarchic property rights; Russia; Transition to a market economy

Indexed keywords

CAPITAL; ECONOMIC GROWTH; MACROECONOMICS; MARKET TRANSITION; PROPERTY RIGHTS; TRANSITIONAL ECONOMY;

EURASIA; RUSSIAN FEDERATION;

EID: 33846346982     PISSN: 09670750     EISSN: 14680351     Source Type: Journal    
DOI: 10.1111/j.1468-0351.2007.00280.x     Document Type: Article

References (28)

1. Abadir, K. and Tarmain, G. (2001). 'Depreciation rates and capital stocks', The Manchester School, 69, pp. 42-51.
2. Acemoglu, D. (2004). 'The form of property rights: Oligarchic vs. democratic societies', Working Paper, No. 10037, Cambridge, MA: National Bureau of Economic Research, http://www.nber.org/papers/w10037.
3. Aslund, A. (2002). 'Why has Ukraine returned to economic growth?' Working Paper No. 15, Kiev, Ukraine: Institute for Economic Research and Policy Consulting, http://pdc.ceu.hu/archive/00001669/.
4. Blanchard, O. and Kremer, M. (1997). 'Disorganization', Quarterly Journal of Economics, 112, pp. 1091-126.
5. Boycko, M., Shleifer, A., and Vishny, R. (1993). 'Privatizing Russia', Brookings Papers on Economic Activity, 2, pp. 139-81.
6. Braguinsky, S. (2007). 'First-wave post-communist Russian oligarchs: The role of background and entrepreneurial ability', Working paper, Buffalo, NY: State University of New York, http://pluto.fss.buffalo.edu/classes/ eco/sb56/research.html.
7. Braguinsky, S. and Myerson, R. (2007). 'Capital and growth with oligarchic property rights', Review of Economic Dynamics, forthcoming.
8. Braguinsky, S. and Yavlinsky, G. (2000). Incentives and Institutions: The Transition to a Market Economy in Russia, Princeton, NJ: Princeton University Press.
9. Central Bank of the Russian Federation Official Web Site: http://www.cbr.ru/eng/statistics/credit_statistics/
10. Cooper, W. and Hardt, J. (2000). 'RL-30934: Russian Capital Flight, Economic Reforms, and U.S. Interests: An Analysis', CRS Report for Congress, March 10, http://www.fas.org/man/crs/RL30394.pdf.
11. Gollin, D. (2002). 'Getting income shares right', Journal of Political Economy, 110, pp. 458-74.
12. Guriev, S. and Rachinsky, A. (2005). 'The role of oligarchs in Russian capitalism', Journal of Economic Perspectives, 19, pp. 131-50.
13. Hafer, C. (2006). 'On the origins of property rights: Conflict and production in the state of nature', Review of Economic Studies, 73, pp. 119-43.
14. Holtz, C. (2006). 'New capital estimates for China', China Economic Review, 17, pp. 142-85.
15. Letiche, J. (2007). Russia Moves Into the Global Economy: Breaking Out, Routledge Studies in Modern World Economy, London: Routledge.
16. North, D. (1981). Structure and Change in Economic History, New York: W.W. Norton & Company.
17. Polishchuk, L. and Savvateev, A. (2004). 'Spontaneous (non)emergence of property rights', Economics of Transition, 12, pp. 103-27.
18. Roland, G. (2000). Transition and Economics: Politics, Markets and Firms, Cambridge, MA: MIT Press.
19. Roland, G. and Verdier, T. (1999). 'Transition and the output fall', Economics of Transition, 7, pp. 1-28.
20. Schoors, K. (2001). 'The credit squeeze during Russia's early transition', Economics of Transition, 9, pp. 205-28.
21. Shleifer, A. and Treisman, D. (2005). 'A normal country: Russia after communism', Journal of Economic Perspectives, 19, pp. 151-74.
22. Sicular, T. (1998). 'Capital flight and foreign investment: Two tales from China and Russia', The World Economy, 21, pp. 589-602.
23. Sonin, K. (2003). 'Why the rich may favor poor protection of property rights?' Journal of Comparative Economics, 31, pp. 715-31.
24. Survey Statistics (2004). Russian Economic Barometer, 13, pp. 42-90. Moscow, Russia: Institute of World Economy and International Relations, Russian Academy of Sciences.
25. Svejnar, J. (2002). 'Transition economies: Performance and challenges', Journal of Economic Perspectives, 16, pp. 3-28.
26. Vaksberg, A. (1991). The Soviet Mafia. New York: St. Martin's Press.
27. Varese, F. (2001). The Russian Mafia: Private Protection in a New Market Economy, Oxford, UK: Oxford University Press.
28. Wintrobe, R. (1998). 'Privatisation, the market for corporate control, and capital flight from Russia', The World Economy, 21, pp. 603-11.