Do Institutions Matter for Technological Change in Transition Economies? The Case of the Russia’s 89 regions and republics

Brigitte Granville and Carol Leonard

No 4, Working Papers from Queen Mary, University of London, School of Business and Management, Centre for Globalisation Research

Abstract: We explore the impact of institutions on technological change in a transition economy. We use regional panel data for Russia’s 89 regions and republics during the period of recovery and growth from 1998 to 2004 to show the impact of institution building in transition. The degree of institutional reform ranged from full enforcement of property rights in the Northwest to red belt Communist regimes in the southeast. We find an unambiguous relationship between strong and sustained institutional development and technological change. We provide a model proxying the quality of institutions by the investment risk rating compiled by the rating agency ExpertRA Regions.

Date: 2007-09
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