A Regional Perspective on the Economic Development of the late Russian Empire


Andrei Markevich (New Economic School)
Wednesday 23 October 2019 at 3:00 - 4:30 pm (Hong Kong time, GMT +8)
LSK5047, Lee Shau Kee Business Building, HKUST, Clear Water Bay, Kowloon

Live Broadcast

Presentation slides used at this seminar are available here


In this academic seminar co-organiezd with the Department of Economics, HKUST, Prof Markevich analyzes the relative impacts of geographical and institutional factors on the economic development of the late Russian empire. He reconstructs gross regional products and labor productivity for all provinces of the empire around 1900 for the first time. His estimates highlight substantial heterogeneity within a middle-income country. He shows that both natural advantages – sea access, mineral resources, land abundance – and institutions, in particular the legacy of serfdom, account for the observed variation. He also provides evidence that market potential and specialization externalities played a role.


Reference: Markevich, Andrei, A Regional Perspective on the Economic Development of the late Russian Empire (May 14, 2019). Available at SSRN: https://ssrn.com/abstract=2555273 or http://dx.doi.org/10.2139/ssrn.2555273 

About the Speaker

Andrei Markevich is a Professor at the New Economic School. Andrei specializes in economic history, with a particular emphasize on institutional aspects of Russian and Soviet economic development and political economy.  He has published articles in American Economic Review, Review of Economics and Statistics, Journal of Economic History, Journal of Development Economics, and other journals. He was awarded to Russian National prize in economics in 2011. Andrei is also a director of bachelor program at the New Economic School.


The event is open to the public.  Please save a seat here.   

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