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Gerschenkron revisited: The new corporate Russia

Vanteeva, Nadia; Hickson, Charles

Gerschenkron revisited: The new corporate Russia Thumbnail


Charles Hickson


© 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.


Vanteeva, N., & Hickson, C. (2015). Gerschenkron revisited: The new corporate Russia. Journal of Economic Issues, 49(4), 978-1007.

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
Keywords Gerschenkron, new, corporate, Russia
Public URL
Publisher URL
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:


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