Uncertainty as a factor in investment decisions : the case of the Russian Federation's regions (English)

This paper argues that although the bulk of the literature tends to focus on regulatory uncertainty stemming from formal practices, uncertainty that comes from unpredictable informal practices surrounding regulation is an underexplored additional form of regulatory uncertainty. The paper uses the results of empirical analysis of several unique firm-level data sets to argue that firms in Russian institutional environments adapt to informal practices...

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Author

Levina,Irina;

Kisunko,Gregory;

Marques,Israel I.;

Yakovlev,Andrei;
Document Date
2016/08/30
Document Type
Policy Research Working Paper
Report Number
WPS7806
Volume No
1
Total Volume(s)
1
Country
Russian Federation,
Region
Europe and Central Asia,
Disclosure Date
2016/08/30
Disclosure Status
Disclosed
Doc Name
Uncertainty as a factor in investment decisions : the case of the Russian Federation's regions
Keywords
regulatory uncertainty

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Citation

Levina,Irina; Kisunko,Gregory; Marques,Israel I.; Yakovlev,Andrei.

Uncertainty as a factor in investment decisions : the case of the Russian Federation's regions (English). Policy Research working paper|no. WPS 7806 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/666331472570249124

Uncertainty as a factor in investment decisions : the case of the Russian Federation's regions (English)

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