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The Russian virtual economy turning real: institutional change in the Arkhangel’sk forest sector
Umeå University, Faculty of Social Sciences, Centre for Regional Science (CERUM).
2008 (English)In: Europe-Asia Studies, ISSN 0966-8136, E-ISSN 1465-3427, Vol. 60, no 5, 707-738 p.Article in journal (Refereed) Published
Abstract [en]

The article reports on an attempt to assess recent developments of the Russian ‘virtual economy’, a system that, some have argued, represents an alternative form of economic interaction to the modern market economy. In the virtual economy enterprises are engaged in informal non-market transactions with other enterprises and the public sector in accordance with rules that are alien to a market economy. Structural and behavioural changes that have taken place in the Russian economy after 1998 are studied with the help of official data and two surveys (from 1998 and 2005) of 15 forest sectorenterprises in Arkhangel’sk Oblast’, a region in Russia’s north-west with a largely forest-based economy. The outcome of the assessment indicates that the virtual economy is contracting in the Arkhangel’sk forest sector as well as in Russia at large, and that it will eventually disappear altogether, even if it is likely to exert a profound influence on the behaviour of Russian enterprises for some time yet.

Place, publisher, year, edition, pages
Abingdon: Routledge, 2008. Vol. 60, no 5, 707-738 p.
Keyword [en]
Russia, transition, forest sector, virtual economy, institutional change
National Category
Business Administration Political Science (excluding Public Administration Studies and Globalization Studies)
Research subject
Political Science
URN: urn:nbn:se:umu:diva-18672DOI: 10.1080/09668130802085117ISI: 000257067300001OAI: diva2:174357
Available from: 2009-02-20 Created: 2009-02-20 Last updated: 2016-08-11Bibliographically approved

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Olsson, Mats-Olov
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ReferencesLink to record
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