|
|
|
|
||||
|
||||
A ‘De Soto Effect’ in Industry? Evidence from the Russian FederationWilliam PyleMiddlebury College - Department of Economics Koen J. L. SchoorsGhent University - Centre for Russian International Socio-Political and Economic Studies (CERISE); Ghent University - Department of General Economics December 15, 2011 BOFIT Discussion Paper No. 33/2011 Abstract: Russia’s tremendous inter-regional variation in the pace of industrial land rights reform has meant that geography has helped determine the current tenure status of firms’ production plots as much as any individual firm characteristics. By exploiting both this difference in the pace with which land reform has been carried out across Russia’s federal subjects and a unique micro-level dataset, we present evidence strongly consistent with the proposition that more secure rights to land facilitate access to external financing. This finding is confirmed by other evidence from the survey that points to private land serving as an important source of collateral for Russian lenders and borrowers.
Number of Pages in PDF File: 30 Keywords: industrial land, property rights, Russia, collateral JEL Classification: 016, P25, P31, R14, R52 working papers seriesDate posted: December 16, 2011 ; Last revised: November 3, 2012Suggested CitationContact Information
|
|
|||||||||||||||||||
© 2013 Social Science Electronic Publishing, Inc. All Rights Reserved.
FAQ
Terms of Use
Privacy Policy
Copyright
This page was processed by apollo2 in 0.390 seconds
