 Politics and banking in Russia: the rise of PutinKoen Schoors and Laurent Weill Post-Soviet Affairs, 2020, vol. 36, issue 5-6, 451-474 Abstract: We investigate whether lending by the dominant Russian state bank, Sberbank, contributed to Vladimir Putin’s ascent to power during the presidential elections of March2000. Our hypothesis is that Sberbank corporate loans were used as incentives for managers at private firms to mobilize employees to vote for Putin. In line with our proposed voter mobilization mechanism, we find that the growth of regional corporate Sberbank loans in the months before the presidential election is related to the regional increase in votes for Putin and to the regional increase in voter turnout between the Duma election of December1999 and the presidential election of March2000. The effect is pronounced in regions where the governor is affiliated with the regime and in regions with extensive private employment, and less apparent in regions bequeathed with single-company towns, where voter intimidation suffices to get the required result. The results are highly robust. Date: 2020 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:rpsaxx:v:36:y:2020:i:5-6:p:451-474 Ordering information: This journal article can be ordered from DOI: 10.1080/1060586X.2020.1785245 Access Statistics for this article Post-Soviet Affairs is currently edited by Timothy Frye More articles in Post-Soviet Affairs from Taylor & Francis Journals |
Is your work missing from RePEc? Here is how to contribute.
Questions or problems? Check the EconPapers FAQ or send mail to .
EconPapers is hosted by the
School of Business at Örebro University.