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Features Of Small Business Development In The Cis Countries: Does Institutional Environment Affect

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  • Nataliia Ostapenko

Abstract

The article analyzes the development of small businesses at the national level through a comparative analysis between the former Soviet countries – Ukraine, Russia, Belarus, Kazakhstan, Uzbekistan, and Kyrgyzstan. These countries are comparable by the previous path dependence (the period of the USSR, communism), by the position of the geographical location, as well as by similarity of cultural development. As can be seen from the analysis, which was conducted in article, the quantitative characteristics of small business development in the above countries are similar, based on the dependence on foreign markets and conditions in national economies. However, qualitative indicators of small business development in these countries are different. These differences can be attributed to the activities of the institutional environment (formal and informal institutions) and its impact on the national economy. Conclusions about the effectiveness of quality of development of small business sector through the analysis of its contribution to the national economy are done.

Suggested Citation

  • Nataliia Ostapenko, 2014. "Features Of Small Business Development In The Cis Countries: Does Institutional Environment Affect," Studies and Scientific Researches. Economics Edition, "Vasile Alecsandri" University of Bacau, Faculty of Economic Sciences, issue 19.
    • Handle: RePEc:bac:fsecub:14-19-06
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    References listed on IDEAS

    as
    1. Commander, Simon & Svejnar, Jan & Tinn, Katrin, 2008. "Explaining the performance of firms and countries: What does the business environment play?," Working Papers 836, Graduate School of Management, St. Petersburg State University.
    2. von Hirschhausen, Christian R. & Opitz, Petra, 2001. "Power utility re-regulation in East European and CIS transformation countries (1990 - 1999): An institutional interpretation," Discussion Papers 2001/7, Technische Universität Berlin, School of Economics and Management.
    3. Christian von Hirschhausen & Petra Opitz, 2001. "Power Utility Re-regulation in East European and CIS Transformation Countries (1990-1999): An Institutional Interpretation," Discussion Papers of DIW Berlin 246, DIW Berlin, German Institute for Economic Research.
    4. Commander, Simon & Svejnar, Jan & Tinn, Katrin, 2008. "Explaining the performance of firms and countries: What does the business environment play?," Working Papers 22, Graduate School of Management, St. Petersburg State University.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    small businesses; the trajectory of previous development; institutional environment; GDP; development; growth rate; share;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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