Article
Creative Destruction on the Chechen Frontier?
Post-Communist Economies
(2016)
Abstract
The economic performance of Chechnya is examined for the first time
using an aggregate stochastic frontier production function method.
The 15 sectors of the economy are found to be quite inefficient in
the use of capital and labour to produce aggregate output. Extensive
growth is likely to continue though at a lower rate as federal subsidies
from Moscow end. Intensive growth is unlikely given the lack of foreign
investment and the authoritarian political system. Some evidence
for the emergence of a market economy is found, suggesting that
Kadyrov has overseen an economic transition.
Keywords
- Chechnya; Russia; efficiency; economic performance
Disciplines
Publication Date
Spring April 28, 2016
DOI
http://dx.doi.org/10.1080/14631377.2016.1164436
Citation Information
Gregory J Brock. "Creative Destruction on the Chechen Frontier?" Post-Communist Economies Vol. 28 Iss. 2 (2016) p. 220 - 231 ISSN: 1463-1377 Available at: http://works.bepress.com/gregory_brock/154/