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 70, UCL SSEES Economics and Business working paper series from UCL School of Slavonic and East European Studies (SSEES)

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 large variation in institutional development, ranging 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 one model proxying the quality of institutions by the investment risk rating compiled by the rating agency ExpertRA Regions.

JEL-codes: O30 P37 R11 (search for similar items in EconPapers)
Pages: 51 pages
Date: 2006-12
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:see:wpaper:70

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