Cover IMF Policy Discussion Papers
Legal and Institutional Obstacles to Growth and Business in Russia
Author: Ms. Elaine Karen Buckberg
Series:
IMF Policy Discussion Papers
Volume/Issue:
Volume 1997: Issue 008
Language:
English
Publication Date:
01 Nov 1997
DOI:
https://doi.org/10.5089/9781451970814.003
ISBN:
9781451970814
ISSN:
1564-5193
Pages:
10
Keywords:
PDP; firm; sc; shareholder; Russia; investment; value; financial condition; investment decision; firm's value; wage arrears; unprofitable company; shareholder interest; Legal support in revenue administration; Corruption; Corporate income tax; Tax law; Tax incidence
Legal-disclaimer:
This Policy Discussion Paper should not be reported as representing the views of the IMF. The views expressed in this Policy Discussion Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Policy Discussion Papers describe research in progress by the author(s) and are published to elicit comments and to further debate.
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Although financial stabilization has laid the foundation for growth, structural reform of the economy will determine whether Russia achieves sustained medium-term growth. The next step for Russia is to create an institutional and regulatory environment that fosters investment and promotes new private sector activity. This paper examines the most critical reforms for promoting private sector development: reforming the tax system, reducing red tape and bureaucratic corruption, strengthening the judicial system, and improving capital market infrastructure.
Cover IMF Policy Discussion Papers
IMF Policy Discussion Papers
ISSN:
1564-5193
Publisher:
International Monetary Fund