Dividing the spoils : pensions, privatization and reform in Russia's transition
The gains from the transition in post-communist Russia were captured by the new managerial class, which won rents from the state in the form of privatized enterprises, state subsidies, credits, and opportunities for tax evasion. Those rents reduced state revenues that could have supported social policy-- including pension reform, which in turn could have fueled industrial restructuring. With neither pension reform nor industrial restructuring, Russia's economy has continued to shrink.
"The gains from the transition in post-communist Russia were captured by the new managerial class, which won rents from the state in the form of privatized enterprises, state subsidies, credits, and opportunities for tax evasion. Those rents reduced state revenues that could have supported social policy-- including pension reform, which in turn could have fueled industrial restructuring. With neither pension reform nor industrial restructuring, Russia's economy has continued to shrink."@en
The World Bank. Development Research Group. Poverty and Human Resources
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Fiscal policy Russia (Federation) Econometric models.
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Industrialization Economic aspects Russia (Federation) Econometric models.
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Political corruption Russia (Federation) Econometric models.
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Privatization Russia (Federation) Econometric models.
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Tax evasion Russia (Federation) Econometric models.
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