IDEAS home Printed from https://ideas.repec.org/a/taf/pocoec/v12y2000i3p279-291.html
   My bibliography  Save this article

Barter in the Russian Economy: Classifications and Implications (Evidence from Case Study Analyses)

Author

Listed:
  • Andrei Yakovlev

Abstract

This article addresses Russia's barter economy. Using interview data, it examines the mechanics of barter settlements and classifies the main types of non-monetary transactions. The major reason for barter is lack of a competitive monetary system. In the 1990s barter represented a specific vehicle to perform settlements. Barter itself is not a way to evade taxes or to defraud enterprises of assets. But barter changed the motivation of enterprises and led to systematic distortion of accounting data. The low transparency of the barter economy creates barriers for investment and restructuring. The barter economy is an insider's economy. The lack of affiliated entity regulation and mechanisms for disclosure of transactions with related parties stimulates insiders to criminal application of barter and monetary surrogates. Barter has become a profitable business for a number of important economic agents including financial intermediaries affiliated with top managers of the biggest privatised enterprises and government agencies.

Suggested Citation

  • Andrei Yakovlev, 2000. "Barter in the Russian Economy: Classifications and Implications (Evidence from Case Study Analyses)," Post-Communist Economies, Taylor & Francis Journals, vol. 12(3), pages 279-291.
    • Handle: RePEc:taf:pocoec:v:12:y:2000:i:3:p:279-291
    DOI: 10.1080/14631370050173405
    as

    Download full text from publisher

    File URL: http://www.tandfonline.com/doi/abs/10.1080/14631370050173405
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/14631370050173405?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. Clifford Gaddy & Barry W. Ickes, 1998. "To Restructure or Not to Restructure: Informal Activities and Enterprise Behavior in Transition," William Davidson Institute Working Papers Series 134, William Davidson Institute at the University of Michigan.
    2. Daniel Kaufman & Dalia Marin, 1998. "Disorganization, financial squeeze, barter," William Davidson Institute Working Papers Series 165, William Davidson Institute at the University of Michigan.
    3. V. Makarov & G. Kleiner, 1999. "Barter in Russia: Institutional Stage," Voprosy Ekonomiki, NP Voprosy Ekonomiki, vol. 4.
    4. Sergei Aukutsionek, 1998. "Industrial barter in Russia," Post-Communist Economies, Taylor & Francis Journals, vol. 10(2), pages 179-188.
    5. J. Stiglitz, 1999. "Whither Reform? Ten Years of the Transition," Voprosy Ekonomiki, NP Voprosy Ekonomiki, vol. 7.
    6. A. Yakovlev, 1999. "On Reasons of Barter, Arrears and Tax Evasion in the Russian Economy," Voprosy Ekonomiki, NP Voprosy Ekonomiki, vol. 4.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Minzyuk, Larysa, 2010. "The development of non-monetary means of payment," MPRA Paper 28167, University Library of Munich, Germany, revised 2010.
    2. Fleischman, Gary & Herz, Paul, 2005. "An empirical investigation of trends in barter activity in the Russian Federation," The International Journal of Accounting, Elsevier, vol. 40(1), pages 39-63.
    3. Mats-Olov Olsson, 2008. "The Russian virtual economy turning real: Institutional change in the Arkhangel'sk forest sector," Europe-Asia Studies, Taylor & Francis Journals, vol. 60(5), pages 707-738.
    4. Jos?? Noguera & Susan J. Linz, 2005. "Barter, Credit, and Welfare: A theoretical inquiry into the barter phenomenon in Russia," William Davidson Institute Working Papers Series wp757, William Davidson Institute at the University of Michigan.
    5. Richard B. Goud Jr., 2002. "Inter-Firm Non-Monetary Transactions in Russia: A Literature Review," Development and Comp Systems 0207001, University Library of Munich, Germany.
    6. Vlad Ivanenko & Dmitry Mikheyev, 2002. "The Role of Non-monetary Trade in Russian Transition," Post-Communist Economies, Taylor & Francis Journals, vol. 14(4), pages 405-419.

    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. Guriev, Sergei & Kvassov, Dmitri, 2004. "Barter for price discrimination," International Journal of Industrial Organization, Elsevier, vol. 22(3), pages 329-350, March.
    2. Guriev, Sergei & Makarov, Igor & Maurel, Mathilde, 2002. "Debt Overhang and Barter in Russia," Journal of Comparative Economics, Elsevier, vol. 30(4), pages 635-656, December.
    3. Richard B. Goud Jr., 2002. "Inter-Firm Non-Monetary Transactions in Russia: A Literature Review," Development and Comp Systems 0207001, University Library of Munich, Germany.
    4. S.I. Boyarchenko & S.Z. Levendorskii, 2000. "Search-Money-and-Barter Models of Financial Stabilization," William Davidson Institute Working Papers Series 332, William Davidson Institute at the University of Michigan.
    5. Sergei Guriev & Dmitry Kvassov, 2000. "Price Discrimination Through Barter: A Theory and Evidence from Russia," Econometric Society World Congress 2000 Contributed Papers 0397, Econometric Society.
    6. Sergei Guriev & Dmitry Kvassov, 2000. "Barter for price discrimination? A theory and evidence from Russia," Working Papers w0007, Center for Economic and Financial Research (CEFIR).
    7. Commander, Simon & Dolinskaya, Irina & Mumssen, Christian, 2002. "Determinants of barter in Russia: an empirical analysis," Journal of Development Economics, Elsevier, vol. 67(2), pages 275-307, April.
    8. L. Ivanova & V. Nygaard, 1999. "Institutions and the Emergence of Markets - Transition in the Murmansk Forest Sector," Working Papers ir99071, International Institute for Applied Systems Analysis.
    9. Sophie Brana & Mathilde Maurel, 1999. "Barter in Russia: Liquidity Shortage versus Lack of Restructuring," William Davidson Institute Working Papers Series 271, William Davidson Institute at the University of Michigan.
    10. Fleischman, Gary & Herz, Paul, 2005. "An empirical investigation of trends in barter activity in the Russian Federation," The International Journal of Accounting, Elsevier, vol. 40(1), pages 39-63.
    11. Agapov Stanislav & Boyarchenko Svetlana & Levendorsky Sergey, 2003. "A Three-Sector Model of the Russian Virtual Economy," EERC Working Paper Series 02-06e, EERC Research Network, Russia and CIS.
    12. Kim, Byung-Yeon & Pirttila, Jukka, 2004. "Money, barter, and inflation in Russia," Journal of Comparative Economics, Elsevier, vol. 32(2), pages 297-314, June.
    13. Y. Blam & L. Carlsson & M-O. Olsson, 2000. "Institutions and the Emergence of Markets - Transition in the Irkutsk Forest Sector," Working Papers ir00017, International Institute for Applied Systems Analysis.
    14. repec:zbw:bofitp:2000_010 is not listed on IDEAS
    15. Ericson, R.E. & Ickes, B.W., 2000. "A model of Russia's "virtual economy"," BOFIT Discussion Papers 10/2000, Bank of Finland, Institute for Economies in Transition.
    16. Svetlana Boyarchenko & Sergei Levendorskii, 2004. "Inside and Outside Money, with an Application to the Russian Virtual Economy," Macroeconomics 0405009, University Library of Munich, Germany.
    17. Minzyuk, Larysa, 2010. "The development of non-monetary means of payment," MPRA Paper 28167, University Library of Munich, Germany, revised 2010.
    18. John E. Anderson, 2014. "Informal Payments to the Tax Collector in Transition Countries," Ekonomi-tek - International Economics Journal, Turkish Economic Association, vol. 3(2), pages 1-26, May.
    19. Sudip Ranjan Basu, 2005. "Correlating Growth with Well-Being during Economic Reforms Evidence from India and China," Development and Comp Systems 0509010, University Library of Munich, Germany.
    20. Svetlana B. Avdasheva, 2009. "Impact of Business Integration on Corporate Restructuring and Performance," Palgrave Macmillan Books, in: Tatiana Dolgopyatova & Ichiro Iwasaki & Andrei A. Yakovlev (ed.), Organization and Development of Russian Business, chapter 9, pages 213-231, Palgrave Macmillan.
    21. Yang, Qing Gong & Temple, Paul, 2012. "Reform and competitive selection in China: An analysis of firm exits," Structural Change and Economic Dynamics, Elsevier, vol. 23(3), pages 286-299.

    More about this item

    Statistics

    Access and download statistics

    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:taf:pocoec:v:12:y:2000:i:3:p:279-291. 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: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/CPCE20 .

    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.