The Role of State and Creation of a Market Economy in Russia

30 Pages Posted: 22 Aug 2011 Last revised: 31 Aug 2012

See all articles by Vladimir Mau

Vladimir Mau

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration

Date Written: August 18, 2011

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 analyzed.

Keywords: modernization, role of institutions, economic development, Russia

JEL Classification: O1, O2, O3

Suggested Citation

Mau, Vladimir, The Role of State and Creation of a Market Economy in Russia (August 18, 2011). BOFIT Discussion Paper No. 23/2011. Available at SSRN: https://ssrn.com/abstract=1914300 or http://dx.doi.org/10.2139/ssrn.1914300

Vladimir Mau (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration ( email )

Varnadskogo Avenue,82
Moscow, 119571
Russia

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