Institutions and Economic Growth: Some Realities of Contemporary Russia

31 Pages Posted: 12 Jul 2012

See all articles by Revold Entov

Revold Entov

Gaidar Institute for Economic Policy

Alexander Radygin

Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research

Date Written: July 12, 2012

Abstract

The interactive structure - ‘the State (authority) – property’ that has been created during the 2000s envisages a merger of state property with the vertical of power. In such a model, the principal long-term problem consists not only – and not so much – in the fact that the ‘business community’ (the market and private property) is subordinated to the State (authority). It is no less important that the interaction between the state and private forms of ownership, instead of being horizontal (when there are market-based preconditions for competition), becomes vertical. This absence of market-based competition, in its turn, results in the suppression of one of the forms, in the destruction of market mechanisms and ultimately in the loss of the efficiency potential in both the state and private sectors.

Keywords: institutions, economic growth, Russia

JEL Classification: A1

Suggested Citation

Entov, Revold and Radygin, Alexander, Institutions and Economic Growth: Some Realities of Contemporary Russia (July 12, 2012). Available at SSRN: https://ssrn.com/abstract=2104069 or http://dx.doi.org/10.2139/ssrn.2104069

Revold Entov (Contact Author)

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Alexander Radygin

Gaidar Institute for Economic Policy ( email )

Gazetny pereulok, 3-5
Moscow, 125993
Russia

Russian Presidential Academy of National Economy and Public Administration (RANEPA) - Institute of Applied Economic Research ( email )

Russia

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