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

Arbeitspapier

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.

Object Details

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

References and Relationships

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

Classification and Topics

• 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

Contributors, Places and Time

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

Further information

• Handle: http://hdl.handle.net/10419/212721
• Last update: 10.03.2025, 11:44 AM CET