2005/02/01 by Sergei Guriev, Andrei Rachinsky · 1 citation
Business, Management and Accounting · Social Sciences · #Business #Capitalism #Corporate Finance and Governance #Corruption and Economic Development #Economic system #Economics #Economy #Market economy #Political science #Politics #Russia and Soviet political economy #Russian economy
paper · pdf · doi:10.1257/0895330053147994
openalex publication_date 2005/02/01 · openalex created_date 2025/10/10 · openalex updated_date 2026/07/26
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.