Entrepreneurship and Cities: Evidence from the Post-communist World

Maksim Belitski and Julia Korosteleva
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Maksim Belitski: Brunel University London
Julia Korosteleva: University College London

No 397, WIFO Working Papers from WIFO

Abstract: This paper investigates the variation in entrepreneurship across cities of the Commonwealth of Independent States during 1995-2008, utilising a unique dataset and employing the System Generalised Method of Moments technique. Our findings suggest that banking reform facilitates entrepreneurship, whereas the size of the state discourages it. Our results confirm a U-shaped relationship between per-capita income and entrepreneurship. We also find that cities with higher concentration of universities are likely to have higher entrepreneurial entry. This provides some evidence for the importance of agglomeration economies in terms of higher concentration of knowledge which may lead to intensified exchange of ideas driving knowledge-based entrepreneurship in the region.

Keywords: CIS Urban Audit; Entrepreneurship; small business; transition; urbanisation (search for similar items in EconPapers)
Pages: 29 pages
Date: 2011-06
New Economics Papers: this item is included in nep-ent, nep-geo, nep-sbm, nep-tra and nep-ure
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:wfo:wpaper:y:2011:i:397

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