The Economic Effects of the Abolition of Serfdom: Evidence from the Russian Empire

@inproceedings{Markevich2018TheEE,
  title={The Economic Effects of the Abolition of Serfdom: Evidence from the Russian Empire},
  author={Andreĭ Markevich and Ekaterina Zhuravskaya},
  year={2018}
}
We document a very large increase in agricultural productivity, peasants’ living standards, and industrial development in late 19 century Imperial Russia as a result of the abolition of serfdom in 1861. A counterfactual exercise suggests that if serfs were freed in 1820, by 1913 Russia would have been about 40% richer, compared to what it actually was. We construct a novel province-level panel dataset of development outcomes and conduct a difference-in-differences analysis of the effects of the… CONTINUE READING

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