EPP Faculty :: Serguey Braguinsky
Serguey Braguinsky | |
 | |
Associate Professor, Social and Decision Sciences, Heinz College, and Engineering and Public Policy
Entrepreneurship, innovation, industry development and growth
B.S. 1982, Moscow State University
M.S. 1986, Institute of Oriental Studies, USSR Academy of Sciences
Ph.D. 1997, Keio University
Serguey's primary research field is the economics of entrepreneurship, growth and industrial change. Detailed studies of industry and business histories expand the horizons of the so-called “nano-economics”, that is, an approach to economic analysis that starts from structural thinking but goes on to analyze empirical phenomena at a very detailed and deeply disaggregated level – something that had been previously detached from structural theoretical thinking and belonged mostly to unsystematic descriptive research. Serguey's current research, focusing on rewards to becoming an entrepreneur and on the role of firm founders in shaping various aspects of long-term performance of their startups is part of this approach and is expected to lead to new insights about the entrepreneurial function and entrepreneurs as agents of economic change, both theoretically and empirically.
Serguey's secondary research field is economics of incentives and institutions, and the relationship between those and the entrepreneurial function in its role as the engine of economic growth. One key area of this work deals with the transition to a market economy in Russia, with the aim of developing analytically tractable new insights about the mechanisms which prevent entrepreneurial activity and entrepreneurs from advancing the cause of economic progress and development. Another key area which comes from Serguey's experience as a researcher in Japan, searches for the roots of the Japanese success (as opposed to the Russian failure) and has in particular motivated his in-depth study of the development of the Japanese cotton spinning industry which according to economic historians was the “first ever case of successful adoption of Western manufacturing system by an Asian country”.
Awards, Fellowships, Grants, Honors:
- 2009-2011 Human Capital, Knowledge Based Firms, and the Entrepreneurial Life- Cycle. Portuguese National Science Foundation
- 2006-2008 Kauffman Foundation Grant for Research on Entrepreneurship and
Economic Change (principal co-investigator) - 2005-2007 Baldy Research Grant for Research on Income Reporting and Household
Wealth in Transition Economy - 2001-2002 J.M. Olin Visiting Associate Professorship, The University of Chicago
- 2001 Letter of Commendation, Mayor of the City of Yokohama, Japan
- 2000-2001 J.M. Olin Fellowship in Law and Economics
- 2000-2001 Research Grant for the Study of the Japanese Financial System Development and Its Implications for Developing Nations (Head of the Project), The Japan Bankers Association Science and Research Promotion Foundation (principal investigator)
- 1997 Research Fellowship for the Study of the Economy and Problems of National Security of the Russian Far East, The National Institute for Research Advancement, Tokyo, Japan
- 1994-1996 Research Grant for the Study of the Russian Economy in Transition, Toyota Foundation, Japan
Editorial Board:
Contemporary Economic Policy, 1998-2002
Membership in Organization Requiring Nomination:
The Mont Pelerin Society
Membership in Professional Societies:
The American Economic Association, International Society for New Institutional
Economics, Japan Economic Association
Selected Publications
Books from Academic Publishing Houses
Serguey Braguinsky and Grigory Yavlinsky, 2000. Incentives and Institutions. The
Transition to a Market Economy in Russia, Princeton University Press, Princeton, New
Jersey. Russian translation, 2006.
Serguey Braguinsky and Yakov Pevzner, 1991. Political Economy: Problems and Ways
of Renovation (in Russian), Moscow, "Muisl".
Serguey Braguinsky, 1989. Monetary Policy in Japan (in Russian), Moscow, "Nauka".
Papers in Refereed Journals
Serguey Braguinsky and Atsushi Ohyama, 2010. “Noisy Selection Model and the
Evolution of Firm Size and Within-Firm Earnings Distributions: A Unified Approach,”
Small Business Economics: An Entrepreneurship Journal, in press.
Serguey Braguinsky and David C. Rose, 2009. “Competition, Cooperation, and the
Neighboring Farmer Effect,” Journal of Economic Behavior and Organization, Vol 72,
Issue 1, 361-376.
Serguey Braguinsky, 2009. “The Rise and Fall of Russian Oligarchs: Quantitative
Analysis,” Journal of Law and Economics, Vol. 52, No. 2, 307-350.
Serguey Braguinsky, Salavat Gabdrakhmanov and Atsushi Ohyama, 2007. “A Theory of Industry Dynamics With Innovation and Imitation,” Review of Economic Dynamics, Vol. 10, No. 4, 729-760.
Serguey Braguinsky and Roger Myerson, 2007. “Capital and Growth With Oligarchic
Property Rights,” Review of Economic Dynamics, Vol. 10, No. 4, 676-704.
Serguey Braguinsky and Roger Myerson, 2007. “A Macroeconomic Model of Russian
Transition: The Role of Oligarchic Property Rights,” Economics of Transition, Vol. 15,
No. 1, 77-107.
Boyan Jovanovic and Serguey Braguinsky, 2004. “Bidder Discounts and Target Premia
in Takeovers,” American Economic Review, Vol. 94, No. 1, 46-56 .
Atsushi Ohyama, Serguey Braguinsky and Kevin M.Murphy, 2004. “Entrepreneurial
Ability and Market Selection in an Infant Industry: Evidence from the Japanese Cotton
Spinning Industry,” Review of Economic Dynamics, Vol. 7, No. 2, 358-381.
Serguey Braguinsky, 1999. “Enforcement of Property Rights during the Russian
Transition: Problems and Some Approaches to a New Liberal Solution,” Journal of Legal Studies, Vol. 28, No. 2, 515-544.
Serguey Braguinsky, 1997. “Producer's Behavior in Transition Economy – Theoretical
and Empirical Analysis with Special Application to the Russian Economy,” Economic
Systems, Vol. 21, No. 3, 265-295.
Serguey Braguinsky and Grigory Yavlinsky, 1994. “The Inefficiency of Laissez-Faire in
Russia: Hysteresis Effects and the Need for Policy-Led Transformation,” Journal of
Comparative Economics, Volume 19, 88-116.
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