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Institutional determinants of new firm entry in Russia: a cross-regional analysis

Bruno, Randolph Luca, Bytchkova, Maria and Estrin, Saul ORCID: 0000-0002-3447-8593 (2013) Institutional determinants of new firm entry in Russia: a cross-regional analysis. Review of Economics and Statistics, 95 (5). pp. 1740-1749. ISSN 0034-6535

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Identification Number: 10.1162/REST_a_00322


We investigate how the regional institutional environment—in particular, the political environment—affects Russian new firm entry across regions, industries, firm size classes, and time. We find that entry rates in Russia are explained by natural entry rates and the institutional environment. Industries that are characterized by low entry barriers in developed market economies are found to have lower entry rates in regions subject to greater political fluidity, as in the case of gubernatorial change. We also find that higher levels of political fluidity and democracy increase relative entry rates for small-sized firms but reduce them for medium-sized or large ones.

Item Type: Article
Official URL:
Additional Information: © 2013 The President and Fellows of Harvard College and the Massachusetts Institute of Technology
Divisions: Management
Subjects: D History General and Old World > DK Russia. Soviet Union. Former Soviet Republics
H Social Sciences > HC Economic History and Conditions
H Social Sciences > HD Industries. Land use. Labor
J Political Science > JA Political science (General)
Date Deposited: 03 Apr 2014 08:58
Last Modified: 20 Oct 2021 02:06

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