Catherine Locatelli's research

Publications

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Institutional forms - organisational forms :
The reform of the energy sector in countries in transition

The diversity of institutional and organisational structures in market economies, their development, and the experience of “countries in transition” over the past ten years have raised some questions on the issue of institutional change and the relation between institutional and organisational forms. Analysing the Russian experience leads to the conclusion that the definition of private ownership rights (an essential institution within a market economy) has not allowed the creation of private capitalist-type enterprise. The institutions of a market economy are therefore the subject of specialised forms of acquisition, which depend on the “informal institutions” of the planned economy.

Conversely, a study of the Russian energy sector leads to the conclusion that the forms of organisation that have emerged are those best adapted to the distinctive features of the institutional structure of Russia and particularly to the non-monetary environment in which they have developed. In consequence, hypotheses on co-development and co-determination between institutional and organisational forms may be postulated. A given institutional field will therefore have a corresponding specific organisational form.

Fields of study: reforms in the Russian energy sector

Catherine Locatelli's field of investigation is the Russian energy sector and the reforms introduced in that sector.

- On one hand, there is a need to deepen the research regarding the models of organisation which have emerged in the Russian energy sector. For example, the energy holding companies are incorporated in specific industrial and financial groups. We are currently seeing forms of “re-acquisition” of the organisational and institutional models developed in the market economies. From this point of view, the industrial and financial groups in the energy sector are a major organisational innovation that goes beyond the simple issue of modification of ownership rights. They are the types of organisation that allow proper management of the non-monetary relations (barter, non-payment etc.) particular to the post-Communist transformation. However, some fundamental questions remain on the way in which these organisational models are likely to develop , and on the issues of their stability and reproduction. The major stake may be the definition of a stylised model, an “ideal type” of post-Communist organisation that allows the essential economic relations and structures emerging from the transformation of the planned economies to be identified and specified. The requirement for the system to be solvent would also dictate a specific type of industrial structure, Bank-Industry-Energy, as energy is the “minimum requirement to survive” in an environment in which barter predominates. One can by way of example mention a number of questions regarding the energy sector. Are there (or are there not) in the economic system any “priority logics” that would structure economic relations in lieu of a monetary contract? More specifically, are there ways of making deliveries of energy a matter of priority, especially in industrial processes? (The example of the Russian gas company is worthy of particular examination). More generally, questions must be asked on the possibility of industries being deregulated in an environment dominated by the phenomenon of barter.

- There is also a need to keep this research into post-Communist organisational models concentrated on the problems and questions that have arisen in relation to energy saving. As Russia is one of the most important suppliers to international energy markets, any internal development in its industries will have significant consequences on the balance of these energy markets, and must therefore be covered by a specific study.

The theoretical approach: the comparative institutional analysis

This step would be part of the institutionalist stream and of the neo-institutionalist current (along the lines of D. North), as there is a need to address both the institutions and organisations and their development in the light of exogenous changes (changes in regulations etc) or endogenous changes (such as technological innovations). In particular, an analysis of institutional changes cannot be designed apart from a theory of the nature of relations between formal and informal constraints (regulations). With regard to the “countries in transition”, for example, the question is : are the informal institutions working against or in harmony with the formal institutions? This could, as in the Russian case, be a justification for some specifi behaviours, for example regarding the search for profitability.

A deeper institutional analysis must also be written in the context of the “comparative institutional analysis”, such as developed by Mr Aoki. The aim of this approach is to define the interdependence that exists between the institutional structures through the concepts of “institutional complementarity” and “institutional coherence”. This aspect plays a key role in the economic transformation of planned systems.

 

Main publications :

Finon D., Locatelli C. (2002).- La libéralisation du marché gazier européen et ses conséquences pour la Russie.- Grenoble : IEPE, juillet 2002, 18 p. PDF

Locatelli C. (2002).- " Les contraintes de la politique d'exportation gazière de la Russie ".- Revue de l'Energie, (535), p. 141-152.

LOCATELLI Catherine.- " Modèle d'organisation et transition économique: le cas de l'industrie pétrolière russe ".- Revue d'Economie Industrielle, (96), 3e trim. 2001

LOCATELLI Catherine.- Russie-Caspienne : les enjeux de l'approvisionnement en hydrocarbures de l'Europe.- Paris : ministère des Affaires étrangères, DG, Coopération internationale et Développement, avril 2000, 103.

LOCATELLI Catherine.- " Les enjeux Caspienne-Russie dans l'approvisionnement gazier asiatique ".- Revue de l'Energie, (501), nov. 1998, p.568-578. Egalement paru sous le titre " Du gaz pour l'Asie : les enjeux de la concurrence entre la Caspienne et la Russie " dans Problèmes Economiques, (2.603), 10 fév. 1999, p. 11-17.

LOCATELLI Catherine.- Energie et transition en Russie : les nouveaux acteurs industriels.- Paris : l'Harmattan, 1998, 279 p. (Collection Pays del'Est).