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

Randolph Bruno, Maria Bytchkova () and Saul Estrin ()
Additional contact information
Maria Bytchkova: London School of Economics
Saul Estrin: London School of Economics

No 3724, IZA Discussion Papers from Institute of Labor Economics (IZA)

Abstract: We analyse a three-year panel data set of Russian firms spanning from 2000 to 2002 and we investigate the effect of regional institutional and economic factors on entry rates across time, industries and regions. The paper builds on a novel database and exploits inter-regional variation in a large number of institutional variables. We find entry rates in Russia are not especially low by international standards and are correlated with natural entry rates, institutions and firm size. Furthermore, industries that - for scale and technological reasons - are characterised by higher entry rates will experience lower entry within regions affected by higher business risk. In other words industries that naturally have low entry barriers are most affected by business constraints.

Keywords: business environment; Tobit model; entry rate (search for similar items in EconPapers)
JEL-codes: D21 L26 P31 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2008-09
New Economics Papers: this item is included in nep-cis, nep-com, nep-cse, nep-ent, nep-mic and nep-tra
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Related works:
Journal Article: Institutional Determinants of New Firm Entry in Russia: A Cross-Regional Analysis (2013) Downloads
Working Paper: Institutional Determinants of New Firm Entry in Russia: a Crossregional Analysis (2011) Downloads
Working Paper: Institutional Determinants of New Firm Entry in Russia: A Cross Regional Analysis (2008) Downloads
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