INSTITUTIONS AND ENTRY: A CROSS-REGIONAL ANALYSIS IN RUSSIA

Saul Estrin, Randolph Bruno () and Maria Bytchkova

No 8283, CEPR Discussion Papers from C.E.P.R. Discussion Papers

Abstract: We analyse a micro-panel data set to investigate the effect of regional institutional environment and economic factors on Russian new firm entry rates across time, industries and regions. The paper builds on novel databases and exploits inter-regional variation in a large number of institutional variables. We find entry rates across industries in Russia are not especially low by international standards and are correlated with entry rates in developed market economies, as well as with institutional environment and firm size. Furthermore, industries that, for scale or technological reasons, are characterised by higher entry rates experience lower entry within regions affected subject to political change. A higher level of democracy enhances entry rates for small sized firms but reduces them for medium or large ones.

Keywords: Democracy; Entry rate; Institutions (search for similar items in EconPapers)
JEL-codes: D22 L26 P31 (search for similar items in EconPapers)
Date: 2011-03
New Economics Papers: this item is included in nep-cis, nep-com, nep-ent, nep-geo and nep-tra
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Citations: View citations in EconPapers (5)

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Related works:
Working Paper: Institutions and Entry: A Cross-Regional Analysis in Russia (2011)
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