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Power – property core of economic development: the cases of Russia and South Korea

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  • Pyastolov, S.M.
  • Shitenkova, E.V.

Abstract

The paper argues that some peculiarities of national development strategies may be described and explained with the help of the power – property concept which is used as a complement to the Economic Freedom surveys methodology. A cluster analysis approach is used to reveal the discrepancies in development strategies of Russia and of South Korea. The paper claims that factors which influence those discrepancies are mostly institutional and cultural attributes that concern the power – property phenomenon

Suggested Citation

  • Pyastolov, S.M. & Shitenkova, E.V., 2012. "Power – property core of economic development: the cases of Russia and South Korea," MPRA Paper 44452, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:44452
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    References listed on IDEAS

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    More about this item

    Keywords

    economic development; Russia; South Korea; power – property;
    All these keywords.

    JEL classification:

    • O21 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Planning Models; Planning Policy
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • P52 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Studies of Particular Economies

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