IDEAS home Printed from https://ideas.repec.org/a/spr/sorede/v32y2021i2d10.1134_s1075700721020039.html
   My bibliography  Save this article

Institutional Transformations of Russia’s Housing Construction Sector in 2020

Author

Listed:
  • A. A. Blokhin

    (Institute of Economic Forecasting, Russian Academy of Sciences)

  • S. G. Sternik

    (Institute of Economic Forecasting, Russian Academy of Sciences)

  • G. V. Teleshev

    (Institute of Economic Forecasting, Russian Academy of Sciences)

Abstract

This paper shows the ongoing development of two key trends in Russia’s housing construction sector: the strengthening role of the state and the formation of market leaders that control its privileged part. The latter are separated from the rest of the market by ever-deeper institutional barriers. These barriers arise due to “special” relations of such companies with the largest banks, their advantages in obtaining financing in the securities markets, better terms of interaction with development institutions, primarily JSC DOM.RF, PPK Fund for the Protection of Rights of Citizens Participating in Shared Construction, the Housing and Utilities Fund, with adequate access to the instruments of state guarantees, and other conditions provided by these institutions. It is shown that such an institutional mechanism provides the best conditions for achieving national goals in the housing sector. Conclusions are made regarding the risks and limitations in terms of achieving the goals of the National Project, Housing and Urban Environment, as well as the advisability of developing a strategy for transforming temporary anticrisis measures of state support into a long-term policy of public–private partnership and maintaining the multistructural character of the industry and market economy.

Suggested Citation

  • A. A. Blokhin & S. G. Sternik & G. V. Teleshev, 2021. "Institutional Transformations of Russia’s Housing Construction Sector in 2020," Studies on Russian Economic Development, Springer, vol. 32(2), pages 147-154, March.
    • Handle: RePEc:spr:sorede:v:32:y:2021:i:2:d:10.1134_s1075700721020039
    DOI: 10.1134/S1075700721020039
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1134/S1075700721020039
    File Function: Abstract
    Download Restriction: Access to the full text of the articles in this series is restricted.
    File URL: https://libkey.io/10.1134/S1075700721020039?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. North, Douglass C., 1989. "Institutions and economic growth: An historical introduction," World Development, Elsevier, vol. 17(9), pages 1319-1332, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Gabre-Madhin, Eleni Z., 2001. "Market institutions, transaction costs, and social capital in the Ethiopian grain market:," Research reports 124, International Food Policy Research Institute (IFPRI).
    2. Marion Payen & Patrick Rondé, 2020. "Culture, Institutions and Economic Growth," Working Papers of BETA 2020-18, Bureau d'Economie Théorique et Appliquée, UDS, Strasbourg.
    3. Neagu Olimpia, 2018. "Is Global Competitiveness Speeding Up the Growth in the EU? A Panel Data Analyis," Studia Universitatis „Vasile Goldis” Arad – Economics Series, Sciendo, vol. 28(4), pages 1-23, December.
    4. Machiko Nissanke, 2015. "A Quest for Institutional Foundations Towards Inclusive Development in Sub-Saharan Africa," WIDER Working Paper Series wp-2015-049, World Institute for Development Economic Research (UNU-WIDER).
    5. Aggarwal, Rimjhim M., 2006. "Globalization, local ecosystems, and the rural poor," World Development, Elsevier, vol. 34(8), pages 1405-1418, August.
    6. Yochanan Shachmurove, 2012. "Failing Institutions Are at the Core of the U.S. Financial Crisis," PIER Working Paper Archive 12-040, Penn Institute for Economic Research, Department of Economics, University of Pennsylvania.
    7. Klein, Paul-Olivier & Weill, Laurent, 2022. "Bank profitability and economic growth," The Quarterly Review of Economics and Finance, Elsevier, vol. 84(C), pages 183-199.
    8. Husmann, Christine, 2015. "Transaction Costs on the Ethiopian Formal Seed Market and Innovations for Encouraging Private Sector Investments," Quarterly Journal of International Agriculture, Humboldt-Universitaat zu Berlin, vol. 54(1), pages 1-18, February.
    9. Li, Renyu & Ma, Zhongxin & Chen, Xirong, 2020. "Historical market genes, marketization and economic growth in China," Economic Modelling, Elsevier, vol. 86(C), pages 327-333.
    10. Karl Robert L. Jandoc, 2011. "La Liga Filipina: Rizal and institutional change," Philippine Review of Economics, University of the Philippines School of Economics and Philippine Economic Society, vol. 48(2), pages 151-182, December.
    11. Ng, Adam & Dewandaru, Ginanjar & Ibrahim, Mansor H., 2015. "Property rights and the stock market-growth nexus," The North American Journal of Economics and Finance, Elsevier, vol. 32(C), pages 48-63.
    12. Thomas McGregor & Samuel Wills, 2016. "Surfing A Wave Of Economic Growth," OxCarre Working Papers 170, Oxford Centre for the Analysis of Resource Rich Economies, University of Oxford.
    13. Ryan, Michael P., 2010. "Patent Incentives, Technology Markets, and Public-Private Bio-Medical Innovation Networks in Brazil," World Development, Elsevier, vol. 38(8), pages 1082-1093, August.
    14. Beata K. Bierut & Piot Dybka, 2019. "Institutional determinants of export competitiveness among the EU countries: evidence from Bayesian model averaging," KAE Working Papers 2019-043, Warsaw School of Economics, Collegium of Economic Analysis.
    15. Marshall, Elizabeth P. & Weinberg, Marca, 2012. "Baselines in Environmental Markets: Tradeoffs Between Cost and Additionality," Economic Brief 138922, United States Department of Agriculture, Economic Research Service.
    16. Elizabeth Hoffman & Matthew L. Spitzer, 2011. "The Enduring Power of Coase," Journal of Law and Economics, University of Chicago Press, vol. 54(S4), pages 63-76.
    17. Sarıbaş, Hakan, 2010. "The impact of ethic formation on individual income," MPRA Paper 26825, University Library of Munich, Germany.
    18. Thibaut Dort & Pierre-Guillaume Méon & Khalid Sekkat, 2014. "Does investment spur growth everywhere? Not where institutions are weak," Post-Print CEB, ULB -- Universite Libre de Bruxelles, vol. 67(4), pages 482-505, October.
    19. Das Gupta, Monica & Grandvoinnet, Helene & Romani, Mattia, 2000. "State-community synergies in development : laying the basis for collective action," Policy Research Working Paper Series 2439, The World Bank.
    20. Hearn, Bruce & Strange, Roger & Piesse, Jenifer, 2017. "Social elites on the board and executive pay in developing countries: Evidence from Africa," Journal of World Business, Elsevier, vol. 52(2), pages 230-243.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sorede:v:32:y:2021:i:2:d:10.1134_s1075700721020039. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.