Arbeitspapier

A 'de Soto Effect' in Industry? Evidence from the Russian Federation

Russia's tremendous inter-regional variation in the pace of industrial land rights reform has meant that geography has helped determine the current tenure status of firms' production plots as much as any individual firm characteristics. By exploiting both this difference in the pace with which land reform has been carried out across Russia's federal subjects and a unique micro-level dataset, we present evidence strongly consistent with the proposition that more secure rights to land facilitate access to external financing. This finding is confirmed by other evidence from the survey that points to private land serving as an important source of collateral for Russian lenders and borrowers.

ISBN
978-952-462-728-3
Language
Englisch

Bibliographic citation
Series: BOFIT Discussion Papers ; No. 33/2011

Classification
Wirtschaft
Economic Development: Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
Socialist Systems and Transitional Economies: Urban, Rural, and Regional Economics
Socialist Enterprises and Their Transitions
Land Use Patterns
Regional Government Analysis: Land Use and Other Regulations
Subject
industrial land
property rights
Russia
collateral

Event
Geistige Schöpfung
(who)
Pyle, William
Schoors, Koen
Event
Veröffentlichung
(who)
Bank of Finland, Institute for Economies in Transition (BOFIT)
(where)
Helsinki
(when)
2011

Handle
Last update
10.03.2025, 11:44 AM CET

Data provider

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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.

Object type

  • Arbeitspapier

Associated

  • Pyle, William
  • Schoors, Koen
  • Bank of Finland, Institute for Economies in Transition (BOFIT)

Time of origin

  • 2011

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