Serguey Braguinsky

Associate Professor

4558 Van Munching Hall
(301) 405-9712
Doctor of Economic Sciences, Keio University

Serguey Braguinsky is an Associate Professor at the University of Maryland Robert H. Smith School of Business and the Department of Economics, a Research Associate at the NBER Productivity, Innovation, and Entrepreneurship Program, and an Affiliated Fellow at the Institute of Social and Economic Research, Osaka University.

Dr. Braguinsky was born in Moscow, the former Soviet Union, and got his Bachelor’s degree from Moscow State University. His doctoral degree in economics is from Keio University in Japan. Before joining the University of Maryland in 2016 he had been an Associate Professor at the Department of Social and Decision Sciences, Carnegie Mellon University, where he was granted tenure. Prior to that, he had held academic positions at the Institute for Oriental Studies, the USSR Academy of Sciences; Yokohama City University; the University of Chicago; and the State University of New York at Buffalo.

Dr. Braguinsky’s research interests are in the fields of industry evolution, entrepreneurship, innovation, growth and development, and also in economics of incentives, institutions, and property rights. He has published in leading economics and management journals, such as American Economic Review, Journal of Financial Economics, Strategic Management Journal, Journal of Law and Economics, Journal of Economic History, Review of Economic Dynamics, and so on.


Selected publications

“History and Nanoeconomics in Strategy Research: Lessons from the Meiji-Era Japanese Cotton Spinning Industry” (with David Hounshell), Strategic Management Journal, 37(1), 2016, pp. 45-65.

“Acquisitions, Productivity, and Profitability: Evidence from the Japanese Cotton Spinning Industry” (with Atsushi Ohyama, Tetsuji Okazaki, and Chad Syverson), American Economic Review, 105(7), 2015, pp. 2086-2119.

“Spinning Tales About Japanese Cotton Spinning: Saxonhouse (1974) and Lessons from New Data” (with David Hounshell), Journal of Economic History, 57(2), 2015, pp. 364-404.

“Foreign Corporations and the Culture of Transparency: Evidence from Russian Administrative Data” (with Sergey Mityakov), Journal of Financial Economics, 117(1), 2015, pp. 139-164.

 “Industry Evolution and Entrepreneurship: Steven Klepper’s Contribution to Industrial Organization, Strategy, Technological Change, and Entrepreneurship” (with Rajshree Agarwal), Strategic Entrepreneurship Journal, 9(4), 2015, pp. 380-397.

 “Knowledge Diffusion and Industry Growth: The Case of Japan’s Early Cotton Spinning Industry,” Industrial and Corporate Change, 24(4), 2015, pp. 769-790.

“Direct Estimation of Hidden Earnings: Evidence from Administrative Data” (with Sergey Mityakov and Andrey Liscovich), Journal of Law and Economics, 57(2), 2014, pp. 281-319.

 “High-Tech Entrepreneurship” (with Steven Klepper and Atsushi Ohyama), Journal of Law and Economics, 55(4), 2012, pp. 715-744.

 “Start-ups by University Graduates versus Their Faculty: Implications for University Entrepreneurship Policy” (with Tom Åstebro and Navid Bazzazian), Research Policy, 41(4), 2012, pp. 663-677

 “Noisy Selection Model and the Evolution of Firm Size and Within-Firm Earnings Distributions: A Unified Approach” (with Atsushi Ohyama), Small Business Economics: An Entrepreneurship Journal, 37(1), 2011, pp. 59-72.

 “The Rise and Fall of Post-Communist Oligarchs,” Journal of Law and Economics 52(2), 2009, pp. 307-350.

“Competition, Cooperation, and the Neighboring Farmer Effect” (with David C. Rose), Journal of Economic Behavior and Organization, 2009, 72(1), pp. 361-376.

 “Capital and Growth with Oligarchic Property Rights” (with Roger Myerson), Review of Economic Dynamics, 10(4), 2007, pp. 676-704.

 “A Macroeconomic Model of Russian Transition: The Role of Oligarchic Property Rights” (with Roger Myerson), Economics of Transition, 15(1), 2007 pp. 77-107.

 “A Theory of Industry Dynamics with Innovation and Imitation” (with Salavat Gabdrakhmanov and Atsushi Ohyama), Review of Economic Dynamics, 10(4), 2007, pp. 729-760.

“Bidder Discounts and Target Premia in Takeovers” (with Boyan Jovanovic), American Economic Review 94(1), 2004, pp. 46-56.

 “Entrepreneurial Ability and Market Selection in an Infant Industry: Evidence from the Japanese Cotton Spinning Industry” (with Atsushi Ohyama and Kevin M. Murphy), Review of Economic Dynamics, 7(2), 2004, pp. 354-381.

 Incentives and Institutions. The Transition to a Market Economy in Russia (with Grigory Yavlinsky), 2000, Princeton University Press.

 “Enforcement of Property Rights during the Russian Transition: Problems and Some Approaches to a New Liberal Solution” Journal of Legal Studies, 28(2), 1999, pp. 515-544.