A Tale of Two City-States; Novgorod and Pskov in the 1990s

30 Pages Posted: 24 Sep 2007

See all articles by Laura Solanko

Laura Solanko

Bank of Finland - Institute for Economies in Transition (BOFIT)

Merja Tekoniemi

Bank of Finland

Date Written: December 29, 2000

Abstract

This paper examines two regions of the Russian Federation, Novgorod and Pskov, to compare how differences in economic policy affect economic development. Despite common histories, geography and natural resources, Novgorod committed early on to policies that would attract foreign investments in production. Pskov, on the other hand, withdrew into protectionist policies until it was clear that efforts to increase domestic and foreign investment levels were needed. Using available statistics, we consider the reasoning that led these regions down such distinctly different economic policy paths - and consequences of these choices.

Keywords: Russia, regions, Novgorod, Pskov

Suggested Citation

Solanko, Laura and Tekoniemi, Merja, A Tale of Two City-States; Novgorod and Pskov in the 1990s (December 29, 2000). BOFIT Discussion Paper No. 14/2000, Available at SSRN: https://ssrn.com/abstract=1016042 or http://dx.doi.org/10.2139/ssrn.1016042

Laura Solanko (Contact Author)

Bank of Finland - Institute for Economies in Transition (BOFIT) ( email )

Helsinki 00101
Finland

HOME PAGE: http://www.bof.fi/en/suomen_pankki/organisaatio/asiantuntijoita/solanko_laura/

Merja Tekoniemi

Bank of Finland ( email )

P.O. Box 160
Helsinki 00101
Finland

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