Gerschenkron revisited: The new corporate Russia

Vanteeva, Nadia; Hickson, Charles

Abstract

© 2015, Journal of Economic Issues / Association for Evolutionary Economics. Our analysis is based on firm-specific data compiled from the Russian Trading System stock exchange and SKRIN (CKP-H in Russian) database. We seek to identify the factors behind Russias dramatically improved corporate sector performance from the beginning of the 2000s to December 2007. We argue that improved long-term corporate performance was a consequence of several policy initiatives associated with the state-dominated banking sector, which enabled statesubsidized investment funds to be channeled from a structurally reengineered energy sector to targeted investment projects located in other industries. We claim that Russias industrial strategy closely conforms to Alexander Gerschenkrons catch-up theory.

• Journal Article Type: Article
• Publication Date: Oct 2, 2015
• Deposit Date: Apr 28, 2015
• Publicly Available Date: Apr 1, 2017
• Journal: Journal of Economic Issues
• Print ISSN: 0021-3624
• Electronic ISSN: 1946-326X
• Publisher: Taylor & Francis (Routledge)
• Peer Reviewed: Peer Reviewed
• Volume: 49
• Issue: 4
• Pages: 978-1007
• DOI: https://doi.org/10.1080/00213624.2015.1105028
• Keywords: Gerschenkron, new, corporate, Russia
• Public URL: https://uwe-repository.worktribe.com/output/804907
• Publisher URL: http://dx.doi.org/10.1080/00213624.2015.1105028
• Additional Information: Additional Information : This is an Accepted Manuscript of an article published by Taylor & Francis in Journal of Economic Issues in October 2015, available online: http://wwww.tandfonline.com/10.1080/00213624.2015.1105028
• Contract Date: Jan 30, 2017