Institutions and Entrepreneurship Development in Russia: A Comparative Perspective
Saul Estrin (),
Ruta Aidis () and
No wp867, William Davidson Institute Working Papers Series from William Davidson Institute at the University of Michigan
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 collected in 2001 and 2002 to investigate 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 provide strong evidence that Russia’s institutional environment is important to explain 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 contributes to the relative advantage of entrepreneurial insiders (those already in business) to entrepreneurial outsiders (newcomers) in terms of new business startups.
Keywords: Entrepreneurship; Institutions; Networks; Russia; Poland; Brazil (search for similar items in EconPapers)
JEL-codes: P36 O17 M13 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-cis, nep-ent, nep-soc and nep-tra
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Journal Article: Institutions and entrepreneurship development in Russia: A comparative perspective (2008)
Working Paper: Institutions and Entrepreneurship Development in Russia:A Comparative Perspective (2007)
Working Paper: Institutions and Entrepreneurship Development in Russia: A Comparative Perspective (2007)
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Persistent link: http://EconPapers.repec.org/RePEc:wdi:papers:2007-867
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