Twenty Years Later and the Socialist Heritage is still Kicking: The Case of Russia

Gur Ofer

No wp-2010-059, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: Only recently, 20 years after transition to a market system, has Russia regained a similar production level it had achieved on the eve of transition in 1991. This may sound surprising, given its low productivity under central planning which dropped even lower during the last decades, and the rather high level of human capital inherited from the old regime, considered by many as the main engine of growth.

Keywords: Economic development; Institutional economics; Post-communism; Socialism; Technological innovations (search for similar items in EconPapers)
Date: 2010
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Citations: View citations in EconPapers (1)

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