Consortium for Economic Policy Research and Advice WCER Canadian Association Working Institute Academy International of Universities Center for the Economy of National Development and Colleges for Economic in Transition Economy Agency of Canada Reform Federal Reform Outcome: Influence of Modified Institutions on the Investment Climate in the Regions Moscow 2007 UDC 332.15:330.322 BBC 65.263.221 F33 Federal Reform Outcome: Influence of Modified Institutions on the Investment Climate in the Regions / Consortium for Economic Policy Research and Advice ; [Yanovskiy K. et al.]. – Moscow : IET, 2007. – 210 p. : il. – ISBN 9785932552155. Agency CIP RSL Authors: Yanovskiy K., Zhavoronkov S., Litarchuk V., Reva E., Shakin D., Shulgin S., Cherny D., Kucherinenko V. This publication is aimed at studying the modification of institutions of regional state power in the Russian Federation and its influence on the investment climate in the regions, including regional peculiarities of the investment climate and predictability of the policy of regional authorities headed by appointed governors. Examples of political confrontation between regional and provincial authorities in Canada allow us to illustrate the influence of normal federative democracy on business environment. JEL Classification: D72, D74, H5 Translated from the Russian by Anna and Alexey Yurasovsky. Page setting: Yudichev V. The research and the publication were undertaken in the framework of CEPRA (Consortium for Economic Policy Re search and Advice) project funded by the Canadian Agency for International Development (CIDA). UDC 332.15:330.322 BBC 65.263.221 ISBN 9785932552155 5, Gazetny per., Moscow, 125993 Russia Tel. (495) 6296736, Fax (495) 2038816
[email protected], http://www.iet.ru Contents Introduction ................................................................................................5 1.