Revealed in transition: The political effect of planning's legacy

Arbeitspapier

Decades of investment decisions by central planners left communist societies with structures of production ill-prepared for competitive markets. Their vulnerability to liberalization, however, varied across space. Similar to the effects identified in the "China shock" literature, we hypothesize that post-market-shock outcomes will reflect pre-marketshock structures of production. Tracking voting outcomes at the district level in Russia's presidential elections, we document asymmetric reactions to the liberalization of markets in 1992. Electoral support for the pro-market incumbent declined most in areas with structural inheritances that made them most vulnerable to reforms. This finding sheds new light on an old debate about the importance of "initial conditions" (as opposed to policies) to the trajectories of post-communist societies.

Angaben zum Objekt

• ISBN: 978-952-323-423-9
• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: BOFIT Discussion Papers ; No. 12/2022

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Economic History: Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations: Europe: 1913- ; Economic History: Government, War, Law, International Relations, and Regulation: Europe: 1913- ; Economic Systems: General ; Socialist Systems and Transitional Economies: Factor and Product Markets; Industry Studies; Population
• Thema: industrial structure ; transition economy ; voting ; Russia

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): Natchov, Timur V. ; Pyle, William
• Ereignis: Veröffentlichung
• (wer): Bank of Finland, Bank of Finland Institute for Emerging Economies (BOFIT)
• (wo): Helsinki
• (wann): 2022

Weitere Informationen

• Handle: http://hdl.handle.net/10419/266096
• URN: urn:nbn:fi:bof-202211071438
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ