Do institutions matter for entrepreneurial development?

Ruta Aidis

IZA World of Labor, 2023, No 334, 334

Abstract: Since the collapse of the Soviet Union, the differing impact of institutions on entrepreneurship development is undeniable. Several post-Soviet countries benefitted from early international integration by joining the EU, adopting the euro, and becoming OECD members. This process enabled entrepreneurship to develop within institutional contexts where democratic and free market principles were strengthened. In general, however, post-Soviet economies continue to be characterized by higher levels of corruption, complex business regulations, weak rule of law, uncertain property rights and often, lack of political will for institutional change.

Keywords: entrepreneurship; institutions; transition countries (search for similar items in EconPapers)
JEL-codes: D02 P2 P5 (search for similar items in EconPapers)
Date: 2023
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Journal Article: Do institutions matter for entrepreneurial development? (2017)
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