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Lidwina Gundacker, Jarko Fidrmuc
Oligarchs and social capital in Russian regions: a quantitative assessment
in: Martin Kahanec, Mikuláš Luptácik, Philipp Schmidt-Dengler, Economic Policy in a Dynamic Environment. Selected Papers of the 2016 Joint Annual Meeting of the Slovak Economic Association and the Austrian Economic Association
Empirica, 2017, 44(3), pp.509-527,
After the collapse of the Soviet Union a new class of entrepreneurs, the so called "oligarchs", have emerged in Russia. Using individual survey data for Russia in combination with unique regional data on oligarchic dominance, we try to illuminate the relationship of oligarchs and levels of social capital in Russian regions. We further examine the interplay of oligarchs and public governance. The analysis reveals that social capital in terms of informal network strength and trust is significantly higher in regions with stronger oligarchic dominance. While the quality of all levels of public governance is perceived to be worse in oligarchic regions, this effect is especially pronounced for the local government.
JEL-Codes:Z13 L22 P36
Keywords:Russia Oligarchs, Social capital, Trust, Network density, Institutions
Research group:Labour Market, Income and Social Security

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