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Institutions and entrepreneurship development in Russia: a comparative perspective

Aidis, Ruta, Estrin, Saul and Mickiewicz, Tomasz (2007) Institutions and entrepreneurship development in Russia: a comparative perspective. Economics Working Papers, 79. UCL, London, UK.

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Abstract

In this paper we use a comparative perspective to explore the ways in which institutions and networks have influenced entrepreneurial development in Russia. We utilize Global Entrepreneurship Monitor (GEM) data to study the effects of the weak institutional environment in Russia on entrepreneurship, comparing it first with all available GEM country samples and second, in more detail, with Brazil and Poland. Our results suggest that Russia's institutional environment is important in explaining its relatively low levels of entrepreneurship development, where the latter is measured in terms of both number of start-ups and of existing business owners. In addition, Russia's business environment and its consequences for the role of business networks contribute to the relative advantage of entrepreneurial insiders (those already in business) to entrepreneurial outsiders (newcomers) in terms of new business start-ups.

Item Type: Monograph (Working Paper)
Official URL: http://www.ssees.ucl.ac.uk/
Additional Information: © 2007 UCL
Library of Congress subject classification: D History General and Old World > DK Russia. Soviet Union. Former Soviet Republics
F History United States, Canada, Latin America > F1201 Latin America (General)
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
Journal of Economic Literature Classification System: M - Business Administration and Business Economics; Marketing; Accounting > M1 - Business Administration > M13 - Entrepreneurship
Sets: Departments > Management
Collections > Economists Online
Rights: http://www.lse.ac.uk/library/usingTheLibrary/academicSupport/OA/depositYourResearch.aspx
Identification Number: 79
Date Deposited: 30 Jun 2011 08:11
URL: http://eprints.lse.ac.uk/37166/

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