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Российские региональные политические режимы в 1998-2002 гг.: последствия реформы законодательства о банкротстве и акционерных обществах
Russian regional political regimes are vastly different. The origins of this variation have already been extensively studied. However, one aspect of this problem remained almost completely untouched in the literature, namely the impact of the 1998-2002 redistribution of the business property in the regions spurred by the 1995-1998 bankruptcy and joint-stock company regulation reforms. We address this issue by constructing a dataset covering a number of political and business-related characteristics of the Russian regions. We analyze the data to establish to what extent the regional susceptibility to the entry of the Moscow-based capital in the late 1990s influenced the regime dynamics afterwards. Entry of the national business groups into the regions is found to be a strong predictor both of the gubernatorial changeover and the higher level of democracy in the regions.