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Institutions and Entrepreneurship Development in Russia:A Comparative Perspective

Ruta Aidis (), Saul Estrin () and Tomasz Mickiewicz

CEDI Discussion Paper Series from Centre for Economic Development and Institutions(CEDI), Brunel University

Abstract: 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 to study 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 suggest that Russia’s institutional environment is important in explaining its relatively low levels of entrepreneurship development, where the latter is measured in terms of both number of startups and of existing business owners. In addition, Russia’s business environment and its consequences for the role of business networks contribute to the relative advantage of entrepreneurial insiders (those already in business) to entrepreneurial outsiders (newcomers) in terms of new business start-ups.

Pages: 28 pages
Date: 2007-06
New Economics Papers: this item is included in nep-cis, nep-ent, nep-soc and nep-tra
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Citations: View citations in EconPapers (6) Track citations by RSS feed

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Related works:
Journal Article: Institutions and entrepreneurship development in Russia: A comparative perspective (2008) Downloads
Working Paper: Institutions and Entrepreneurship Development in Russia: A Comparative Perspective (2007) Downloads
Working Paper: Institutions and Entrepreneurship Development in Russia: A Comparative Perspective (2007) Downloads
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