IDEAS home Printed from https://ideas.repec.org/p/zbw/bofitp/bdp2000_010.html
   My bibliography  Save this paper

A model of Russia's "virtual economy"

Author

Listed:
  • Ericson, R.E.
  • Ickes, B.W.

Abstract

The Russian Economy has evolved into a hybrid form, a partially monetized quasi-market system that has been called the virtual economy.In the virtual economy, barter and non-monetary transactions play a key role in transferring value from productive activities to the loss-making sectors of the economy.We show how this transfer takes place, and how it can be consistent with the incentives of economic agents.We analyze a simple partial-equilibrium. model of the virtual economy, and show how it might prove an obstacle to industrial restructuring and hence marketizing transition.

Suggested Citation

  • Ericson, R.E. & Ickes, B.W., 2000. "A model of Russia's "virtual economy"," BOFIT Discussion Papers 10/2000, Bank of Finland Institute for Emerging Economies (BOFIT).
    • Handle: RePEc:zbw:bofitp:bdp2000_010
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/212477/1/bofit-dp2000-010.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Jan Amrit Poser, 1998. "Monetary disruptions and the emergence of barter in FSU economies," Post-Communist Economies, Taylor & Francis Journals, vol. 10(2), pages 157-177.
    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. Wladimir Andreff, 2004. "Would a Second Transition Stage Prolong the Initial Period of Post-socialist Economic Transformation into Market Capitalism?," European Journal of Comparative Economics, Cattaneo University (LIUC), vol. 1(1), pages 7-31, June.
    2. Brana, S. & Maurel, M., 1999. "Barter in Russia : Liquidity Shortage Versus Lack of Restructuring," Papiers d'Economie Mathématique et Applications 1999.98, Université Panthéon-Sorbonne (Paris 1).
    3. Mario Gara, 2001. "The Emergence of Non-monetary Means of Payment in the Russian Economy," Post-Communist Economies, Taylor & Francis Journals, vol. 13(1), pages 5-39.
    4. 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.
    5. Isabel Pla Julián, 2003. "Cambios institucionales en la economía rusa: de las reformas de mercado a la consolidación monetaria," Revista de Economía Institucional, Universidad Externado de Colombia - Facultad de Economía, vol. 5(8), pages 66-91, January-J.
    6. 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.
    7. Michael Kopsidis, 2000. "Disintegration of Russian Grain Markets in Transition: Political and Economic Dimensions," Post-Communist Economies, Taylor & Francis Journals, vol. 12(1), pages 47-60.
    8. repec:zbw:bofitp:2000_010 is not listed on IDEAS
    9. 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.
    10. Vladimir Popov, 2001. "Money Unmade: Barter and the Fate of Russian Capitalism," Journal of Policy Analysis and Management, John Wiley & Sons, Ltd., vol. 20(2), pages 376-379.
    11. Marsh, Dan, 1999. "Farm Business Planning in Kazakhstan," 1999 Conference (43th), January 20-22, 1999, Christchurch, New Zealand 123834, Australian Agricultural and Resource Economics Society.
    12. Martin Johanson & Jan Johanson, 2006. "Turbulence, discovery and foreign market entry: A longitudinal study of an entry into the Russian market," Management International Review, Springer, vol. 46(2), pages 179-205, March.

    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:zbw:bofitp:bdp2000_010. 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: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/bofitfi.html .

    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.