Institutions and Entrepreneurship Development in Russia: A Comparative Perspective
Ruta Aidis (),
Saul Estrin () and
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Saul Estrin: London School of Economics
No 79, UCL SSEES Economics and Business working paper series from UCL School of Slavonic and East European Studies (SSEES)
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 start-ups 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.
Keywords: Entrepreneurship; Institutions; Networks; Russia; Poland; Brazil (search for similar items in EconPapers)
Pages: 30 pages
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Journal Article: Institutions and entrepreneurship development in Russia: A comparative perspective (2008)
Working Paper: Institutions and Entrepreneurship Development in Russia:A Comparative Perspective (2007)
Working Paper: Institutions and Entrepreneurship Development in Russia: A Comparative Perspective (2007)
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Persistent link: https://EconPapers.repec.org/RePEc:see:wpaper:79
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