Institutional Determinants of New Firm Entry in Russia: A Cross-Regional Analysis

Randolph Bruno (), Maria Bytchkova and Saul Estrin
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Maria Bytchkova: London School of Economics and Political Science
Saul Estrin: London School of Economics and Political Science, CEPR and IZA

The Review of Economics and Statistics, 2013, vol. 95, issue 5, 1740-1749

Abstract: 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. © 2013 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.

Keywords: entry rate; institutions; democracy (search for similar items in EconPapers)
JEL-codes: D22 L26 P31 (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (49)

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Related works:
Working Paper: Institutional Determinants of New Firm Entry in Russia: a Crossregional Analysis (2011)
Working Paper: Institutional Determinants of New Firm Entry in Russia: A Cross Regional Analysis (2008)
Working Paper: Institutional Determinants of New Firm Entry in Russia: A Cross Regional Analysis (2008)
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