 The Russian virtual economy turning real: Institutional change in the Arkhangel'sk forest sectorMats-Olov Olsson Europe-Asia Studies, 2008, vol. 60, issue 5, 707-738 Abstract: The article reports on an attempt to assess recent developments of the Russian ‘virtual economy’, a system that, some have argued, represents an alternative form of economic interaction to the modern market economy. In the virtual economy enterprises are engaged in informal non-market transactions with other enterprises and the public sector in accordance with rules that are alien to a market economy. Structural and behavioural changes that have taken place in the Russian economy after 1998 are studied with the help of official data and two surveys (from 1998 and 2005) of 15 forest sector enterprises in Arkhangel'sk Oblast’, a region in Russia's north-west with a largely forest-based economy. The outcome of the assessment indicates that the virtual economy is contracting in the Arkhangel'sk forest sector as well as in Russia at large, and that it will eventually disappear altogether, even if it is likely to exert a profound influence on the behaviour of Russian enterprises for some time yet. Date: 2008 Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:taf:ceasxx:v:60:y:2008:i:5:p:707-738 Ordering information: This journal article can be ordered from DOI: 10.1080/09668130802085117 Access Statistics for this article Europe-Asia Studies is currently edited by Terry Cox More articles in Europe-Asia Studies from Taylor & Francis Journals |
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