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1 results

  • 10 - Economic Development and Innovations

  • Alexander Libman, Ludwig-Maximilians-Universität Munchen, Anastassia V. Obydenkova
  • Book:
    Historical Legacies of Communism
    Published online:
    27 January 2021
    Print publication:
    21 January 2021, pp 255-279

  • Summary

    In this chapter of our book, we investigate the effect of the CPSU legacy on the economic performance of Russian regions. We use a broad catalogue of indicators, looking at the economic growth, foreign trade (both the overall volume and the geographic orientation) and innovation activity of Russian firms, measured by patent applications and the number of issued patents. We find that the CPSU legacy does not affect economic growth. However, it has an influence on the innovation activity of Russian firms. In regions with larger CPSU membership in the past, firms are characterized by lower innovation activity. Again, this is most likely linked to the persistence of Soviet bureaucratic practices.