From Predation to Accumulation?: The Second Transition Decade in Russia

Willem Buiter

The Economics of Transition, 2000, vol. 8, issue 3, 603-622

Abstract: In this paper I argue that the insecure property rights and widespread predation that have characterized Russia during these past 12 or so years have depressed capital formation in all its dimensions, private, public, physical, human and environmental. The elimination of the conditions that gave rise to insecure property rights and predation is a necessary condition for the kind of sustained economic growth the Russian government anticipates in its new economic strategy, promulgated in June 2000.

Date: 2000
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