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

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  • 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
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    References listed on IDEAS

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    1. Sergei Aukutsionek, 1998. "Industrial barter in Russia," Post-Communist Economies, Taylor & Francis Journals, vol. 10(2), pages 179-188.
    2. J. Stiglitz, 1999. "Whither Reform? Ten Years of the Transition," Voprosy Ekonomiki, NP Voprosy Ekonomiki, vol. 7.
    3. A. Yakovlev, 1999. "On Reasons of Barter, Arrears and Tax Evasion in the Russian Economy," Voprosy Ekonomiki, NP Voprosy Ekonomiki, vol. 4.
    4. 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.
    5. Daniel Kaufman & Dalia Marin, 1998. "Disorganization, financial squeeze, barter," William Davidson Institute Working Papers Series 165, William Davidson Institute at the University of Michigan.
    6. V. Makarov & G. Kleiner, 1999. "Barter in Russia: Institutional Stage," Voprosy Ekonomiki, NP Voprosy Ekonomiki, vol. 4.
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    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. 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. 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.
    5. 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.
    6. 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.

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