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Property rights in Russia after 2009: from business capture to centralized corruption?

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  • Michael Rochlitz
  • Anton Kazun
  • Andrei Yakovlev

Abstract

Since about 2009, increasing budgetary constraints forced the Russian state to become notably less tolerant of lower-level corruption and predatory behavior by state agencies. In this paper, we argue that after a first stage of decentralized corruption and state capture during the 1990s, and a second period of decentralized corruption and business capture during the 2000s, Russia has entered a third stage of more centralized corruption since 2009. We build our argument on a detailed discussion of property rights relations in Russia, and support it with indicative quantitative data, suggesting that raiding attacks on businesses and corrupt behavior by state agencies have become less frequent and more centralized between 2009 and 2016. The sustainability of this move towards a more centralized mode of corruption remains questionable, however, mainly due to the lack of a long-term vision for the development of the country.

Suggested Citation

  • Michael Rochlitz & Anton Kazun & Andrei Yakovlev, 2020. "Property rights in Russia after 2009: from business capture to centralized corruption?," Post-Soviet Affairs, Taylor & Francis Journals, vol. 36(5-6), pages 434-450, November.
    • Handle: RePEc:taf:rpsaxx:v:36:y:2020:i:5-6:p:434-450
    DOI: 10.1080/1060586X.2020.1786777
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    Citations

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    Cited by:

    1. Sprenger, Carsten & Lazareva, Olga, 2022. "Corporate governance and investment-cash flow sensitivity: Evidence from Russian unlisted firms," Journal of Comparative Economics, Elsevier, vol. 50(1), pages 71-100.
    2. Galina Shirokova & Tatiana Beliaeva & Tatiana S. Manolova, 2023. "The Role of Context for Theory Development: Evidence From Entrepreneurship Research on Russia," Entrepreneurship Theory and Practice, , vol. 47(6), pages 2384-2418, November.
    3. Ichiro Iwasaki & Yuko Adachi, 2024. "Legal Weakness, Investment Risks, and Distressed Acquisitions: Evidence from Russian Regions," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 66(1), pages 1-69, March.
    4. Noah Buckley & Ora John Reuter & Michael Rochlitz & Anton Aisin, 2020. "Staying Out of Trouble: Criminal Cases Against Russian Mayors," Bremen Papers on Economics & Innovation 2013, University of Bremen, Faculty of Business Studies and Economics.
    5. Galina Shirokova & Tatiana Beliaeva & Tatiana Manolova, 2023. "The Role of Context for Theory Development: Evidence From Entrepreneurship Research on Russia," Post-Print hal-04278153, HAL.
    6. Simola, Heli, 2021. "Long-term challenges to Russian economic policy," BOFIT Policy Briefs 11/2021, Bank of Finland Institute for Emerging Economies (BOFIT).

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