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standards, which shows that throughout history Russia significantly underperformed advanced economies. We also compile reliable … quantifications of the human cost of Stalin's dictatorship. Second, we discuss new studies of imperial Russia that partially confirm … Gerschenkron's classic conjecture on the institutional explanation for Russia's relatively low level of economic development and on …
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Using survey data from 28 transition countries, we test for the complementarity and substitutability of market-relevant skills and institutions. We show that democracy and good governance complement market skills in transition economies. Under autocracy and weak governance institutions there is...
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