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The Role of Oligarchs in Russian Capitalism

The Role of Oligarchs in Russian Capitalism Abstract Using a unique dataset, we describe the degree of ownership concentration in Russian economy and its role in shaping economic and political institutions in Russia. In particular, we find that Russian ‘oligarchs’ do control a substantial part of the economy. While the relative weight of their firms in Russian economy is huge, they do not seem to be excessively large by the standards of the global economy where most of them are operating. The oligarchs seem to run their firms more efficiently than other Russian owners controlling for industry, region and size. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Economic Perspectives American Economic Association

The Role of Oligarchs in Russian Capitalism

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Publisher
American Economic Association
Copyright
Copyright © 2005 by the American Economic Association
Subject
Symposia
ISSN
0895-3309
DOI
10.1257/0895330053147994
Publisher site
See Article on Publisher Site

Abstract

Abstract Using a unique dataset, we describe the degree of ownership concentration in Russian economy and its role in shaping economic and political institutions in Russia. In particular, we find that Russian ‘oligarchs’ do control a substantial part of the economy. While the relative weight of their firms in Russian economy is huge, they do not seem to be excessively large by the standards of the global economy where most of them are operating. The oligarchs seem to run their firms more efficiently than other Russian owners controlling for industry, region and size.

Journal

Journal of Economic PerspectivesAmerican Economic Association

Published: Jan 1, 2005

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