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Institutions and entrepreneurship development in Russia: a comparative perspective

Aidis, R.; Estrin, S.; Mickiewicz, T.; (2007) Institutions and entrepreneurship development in Russia: a comparative perspective. (Economics Working Papers 79). Centre for the Study of Economic and Social Change in Europe, SSEES, UCL: London, UK. Green open access

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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 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.

Type: Working / discussion paper
Title: Institutions and entrepreneurship development in Russia: a comparative perspective
Open access status: An open access version is available from UCL Discovery
Publisher version: http://www.ssees.ucl.ac.uk/wp79sum.htm
Language: English
Additional information: Please see http://discovery.ucl.ac.uk/17690 for the article version.
Keywords: Entrepreneurship, institutions, networks, Russia, Poland, Brazil
UCL classification: UCL > Provost and Vice Provost Offices > UCL SLASH > SSEES
URI: http://discovery.ucl.ac.uk/id/eprint/17471
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