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Portrait of a Belarusian Entrepreneur

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  • Maryia Akulava

    ()
    (Belarusian Economic Research and Outreach Center (BEROC))

Abstract

There are three groups of factors that might affect the development of entrepreneurship. The first one includes institutional factors: economic, political and legal institutions that stimulate or hinder the development of the private sector. In particular the literature emphasizes the role of credit institutions in the development of the private sector (Banerjee and Newman, 1993), property rights (Frye and Zhuravskaya, 2000; Roland and Verdier, 2003). The second group includes different sociological factors, such as family background, social networks, values and beliefs. And finally the third one are individual characteristics of a person, including education, intellectual and physical development, risk-taking, greed, and other traits. This work studies the impact of all the three groups of factors on the development of business activities in Belarus. The incentive for the study is the fact that today despite the fact that the government has repeatedly stressed the importance and need to stimulate private initiative, the development of private entrepreneurship in Belarus is fairly slow and inconsistent.

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File URL: http://eng.beroc.by/webroot/delivery/files/PP6_eng_Akulava.pdf
File Function: First version, 2012
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Bibliographic Info

Paper provided by Belarusian Economic Research and Outreach Center (BEROC) in its series BEROC Policy Paper Series with number 06.

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Length: 12 pages
Date of creation: Nov 2012
Date of revision:
Handle: RePEc:bel:ppaper:06

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Web page: http://www.beroc.by
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Keywords: Entrepreneurship; Belarus;

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  1. Banerjee, Abhijit V & Newman, Andrew F, 1993. "Occupational Choice and the Process of Development," Journal of Political Economy, University of Chicago Press, vol. 101(2), pages 274-98, April.
  2. Simeon Djankov & Edward Miguel & Yingyi Qian & Gerard Roland & Ekaterina Zhuravskaya, 2005. "Who are Russia’s entrepreneurs?," Working Papers w0048, Center for Economic and Financial Research (CEFIR).
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