Organized Business, Political Regimes and Property Rights Across the Russian Federation

39 Pages Posted: 29 Aug 2007

See all articles by William Pyle

William Pyle

Middlebury College - Department of Economics

Date Written: August 27, 2007

Abstract

This article explores the inter-relationship of collective action within the business community, the nature of the political regime and the security of firms' property rights. Drawing on a pair of surveys recently administered in Russia, we present evidence that post-communist business associations have begun to coordinate business influence over state actors in a manner that is sensitive to regional politics. A firm's ability to defend itself from government predation and to shape its institutional environment as well as its propensity to invest in physical capital are strongly related to both its membership in a business association and the level of democratization in its region. Of particular note, the positive effect of association membership on securing property rights increases in less democratic regions. The evidence, that is, suggests that collective action in the business community substitutes for democratic pressure in constraining public officials.

Keywords: collective action, property rights, political institutions, business associations

Suggested Citation

Pyle, William, Organized Business, Political Regimes and Property Rights Across the Russian Federation (August 27, 2007). BOFIT Discussion Paper No. 18/2007, Available at SSRN: https://ssrn.com/abstract=1010602 or http://dx.doi.org/10.2139/ssrn.1010602

William Pyle (Contact Author)

Middlebury College - Department of Economics ( email )

Munroe Hall
Middlebury, VT 05753
United States
(802) 443-3240 (Phone)

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