Institutional Determinants of New Firm Entry in Russia: a Crossregional Analysis

Randolph Bruno (), Maria Bytchkova and Saul Estrin

No 114, UCL SSEES Economics and Business working paper series from UCL School of Slavonic and East European Studies (SSEES)

Abstract: We analyse a micro-panel data set to investigate the effect of regional institutional environment and economic factors on Russian new firm entry rates across time, industries and regions. The paper builds on novel databases and exploits inter-regional variation in a large number of institutional variables. We find entry rates across industries in Russia are not especially low by international standards and are correlated with entry rates in developed market economies, as well as with institutional environment and firm size. Furthermore, industries that, for scale or technological reasons, are characterised by higher entry rates experience lower entry within regions affected subject to political change. A higher level of democracy enhances entry rates for small sized firms but reduces them for medium or large ones.

Keywords: entry rate; institutions; democracy (search for similar items in EconPapers)
JEL-codes: D22 L26 P31 (search for similar items in EconPapers)
Date: 2011-02
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://discovery.ucl.ac.uk/1370605/1/wp114.pdf (application/pdf)

Related works:
Journal Article: Institutional Determinants of New Firm Entry in Russia: A Cross-Regional Analysis (2013)
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)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:see:wpaper:114

Access Statistics for this paper

More papers in UCL SSEES Economics and Business working paper series from UCL School of Slavonic and East European Studies (SSEES) Contact information at EDIRC.
Bibliographic data for series maintained by ().