The Role of Oligarchs in Russian Capitalism

Journal of Economic Perspectives, Vol. 19, No. 1, Winter 2005

Posted: 10 Nov 2005

See all articles by Sergei Guriev

Sergei Guriev

Sciences Po; Centre for Economic Policy Research (CEPR)

Andrei Rachinsky

Center for Economic and Financial Research (CEFIR); New Economic School, Moscow

Abstract

Using a unique dataset, we describe the degree of ownership concentration in Russian economy and its role in shaping economic and political institutions in Russia. In particular, we find that Russian 'oligarchs' do control a substantial part of the economy. While the relative weight of their firms in Russian economy is huge, they do not seem to be excessively large by the standards of the global economy where most of them are operating. The oligarchs seem to run their firms more efficiently than other Russian owners controlling for industry, region and size.

Suggested Citation

Guriev, Sergei and Rachinsky, Andrei, The Role of Oligarchs in Russian Capitalism. Journal of Economic Perspectives, Vol. 19, No. 1, Winter 2005, Available at SSRN: https://ssrn.com/abstract=840524

Sergei Guriev (Contact Author)

Sciences Po ( email )

27 rue Saint-Guillaume
Paris Cedex 07, 75337
France

HOME PAGE: http://econ.sciences-po.fr/staff/sergei-guriev

Centre for Economic Policy Research (CEPR)

London
United Kingdom

Andrei Rachinsky

Center for Economic and Financial Research (CEFIR) ( email )

47 Nakhimovsky Prospect, Office #720
117418 Moscow
Russia

New Economic School, Moscow

100A Novaya Street
Moscow, Skolkovo 143026
Russia

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Abstract Views
1,693
PlumX Metrics