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Do institutions matter for technological change in transition economies? The case of the Russia's 89 regions and republics

Granville, B.; Leonard, C.S.; (2006) Do institutions matter for technological change in transition economies? The case of the Russia's 89 regions and republics. (Economics Working Papers 70). Centre for the Study of Economic and Social Change in Europe, SSEES, UCL: London, UK. Green open access

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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.

Type: Working / discussion paper
Title: Do institutions matter for technological change in transition economies? The case of the Russia's 89 regions and republics
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.ssees.ac.uk/wp70sum.htm
Language: English
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES
URI: https://discovery.ucl.ac.uk/id/eprint/17483
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