search query: @indexterm ECONOMIC SYSTEMS / total: 532
reference: 5 / 532
| Author: | Olsson, M-O. |
| Title: | The Russian virtual economy turning real: Institutional change in the Arkhangel'sk forest sector |
| Journal: | Europe-Asia Studies
2008 : JUL, VOL. 60:5, p. 707-738 |
| Index terms: | economic systems economic policy forest economics companies competition Russia |
| Freeterms: | institutional change |
| Language: | eng |
| Abstract: | This article reports on an attempt to assess recent developments of the Russian 'virtual economy', which is argued to represent an alternative form of economic interaction to the modern market economy. Explored are structural and behavioural changes having taken place in the Russian economy after 1998, using official data and two surveys from 1998 and 2005 of 15 forest sector enterprises in Arkhangel'sk Oblast. The virtual economy is found to be contracting in the Arkhangel'sk forest sector as well as in Russia at large. It is indicated that it will eventually disappear altogether, even if it is likely to exert a profound influence on the behaviour of Russian companies still for some time. |
SCIMA