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The Role of Oligarchs in Russian Capitalism

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  • Sergei Guriev

    (ECON - Département d'économie (Sciences Po) - Sciences Po - Sciences Po - CNRS - Centre National de la Recherche Scientifique)

  • Andrei Rachinsky
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.

Suggested Citation

  • Sergei Guriev & Andrei Rachinsky, 2005. "The Role of Oligarchs in Russian Capitalism," Post-Print hal-01176837, HAL.
    • Handle: RePEc:hal:journl:hal-01176837
    DOI: 10.1257/0895330053147994
    Note: View the original document on HAL open archive server: https://sciencespo.hal.science/hal-01176837
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    References listed on IDEAS

    as
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