International Congress on Eurasian Economies

International Conference on Eurasian Economies

17-18 September 2013 – St. Petersburg, RUSSIA

Paper detail

Paper ID : 635
Status : Paper published
Language : Turkish
Topic : International Trade and Globalization
Presenter: Asst. Prof. Dr. Ceyhun Haydaroğlu
Session : 1D Uluslararası Sorunlar

Political Economy of Russia’s Voting Power on Eurasian Countries
Rusya’nın Oylama Gücünün Avrasya Ülkeleri Üzerindeki Ekonomi Politiği


The relationship between economy and politics shows itself explicitly while governments are determining and implementing national and international economic policies. In democratic societies voting power, which means that economical and political units uses against one another in decision making mechanisms, shapes stability and/or unstability. It can be explained that a government, which is structured by the sovereignty of a single party in a parlament, has a monopoly power. Putin, has an important voting power in both The Council of The Federation and State Duma. The confidence through this voting power, while national economic and political equlibrium is provided, in international context, stable and strong policies are followed. Russia, increases the pressure and makes its economical and political power apperant on the eurasian countries, especially which were under its’ authority before. In this context Russia’s voting power calculated seperately for all election periods by Normalized Banzhaf Index. According to this, the effect of today’s Russia’s dominance on the Eurasian countries has been analyzed within the boundaries of political economics dicipline. In consequence of the analysis; it is indicated that, there is a linear relationship between the Russia’s voting power and economical stability, and Russia’s efficieny on the eurasian countries gradually increases. The most important feature of this study, which makes it differentiated form others, is making political economy of Russia’s efficiency on the eurasian countries within the context of political economics literatüre by the voting power perspective, besides cultural, historical and social factors.

JEL codes: P16, P48, F50

Haydaroğlu, Ceyhun (2013). "Political Economy of Russia’s Voting Power on Eurasian Countries" in Proceedings of International Conference of Eurasian Economies 2013, pp.871-878, St. Petersburg, RUSSIA.


Full paper in PDF format.

Session 1D: Uluslararası Sorunlar

Beykent University Turkish Central Bank TIKA