15.12.2011
torstai, klo 14.00
Alexander Plekhanov (EBRD):
Region-specific constraints to doing business: evidence from Russia
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Asel Isakova and Alexander Plekhanov
Region-specific constraints to doing business: evidence from Russia
Asel Isakova and Alexander Plekhanov
Region-specific constraints to doing business: evidence from Russia
Abstract
This paper looks at variation across Russian regions in terms of perceived constraints to
doing business using the Business Environment and Enterprise Performance Survey of
Russian firms. The analysis identifies a number of region-specific business environment
components that businesses perceive as significantly more binding constraints to their
operations compared with other regions. For several business environment components,
however, including corruption and access to finance, inter-regional differences in their
perception as constraints are insignificant. This is consistent with the view that large
observed differences in actual financial deepening across Russian regions are primarily
demand-driven.
This paper looks at variation across Russian regions in terms of perceived constraints to
doing business using the Business Environment and Enterprise Performance Survey of
Russian firms. The analysis identifies a number of region-specific business environment
components that businesses perceive as significantly more binding constraints to their
operations compared with other regions. For several business environment components,
however, including corruption and access to finance, inter-regional differences in their
perception as constraints are insignificant. This is consistent with the view that large
observed differences in actual financial deepening across Russian regions are primarily
demand-driven.
Keywords: business climate, institutions, regional policies, Russia
JEL Classification Number: O17; O43; R58
JEL Classification Number: O17; O43; R58
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