Entrepreneurship in the transition region: an analysis based on the Life in Transition Survey
AbstractEntrepreneurial activity is a key contributor to economic growth, innovation and the development of a market economy in transition countries. Data from the Life in Transition Survey reveal that financial sector development and access to credit are the most important drivers of entrepreneurship. Education is associated with a higher probability of trying to set up a business, but not with more entrepreneurial success. Women are less likely to attempt to set up a venture but no less likely to succeed than men once they try. Furthermore, entrepreneurial activity develops in clusters. An individual is more likely to try – and succeed – in setting up a business in a region that is already home to many entrepreneurs.
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Bibliographic InfoPaper provided by European Bank for Reconstruction and Development, Office of the Chief Economist in its series Working Papers with number 141.
Length: 31 pages
Date of creation: Feb 2012
Date of revision:
Publication status: Published in Working papers 141, European Bank for Reconstruction and Development
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Web page: http://www.ebrd.com/pages/research/publications/workingpapers.shtml
More information through EDIRC
entrepreneurship; transition economies; Life in Transition Survey;
Find related papers by JEL classification:
- M13 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - New Firms; Startups
- P2 - Economic Systems - - Socialist Systems and Transition Economies
- J24 - Labor and Demographic Economics - - Demand and Supply of Labor - - - Human Capital; Skills; Occupational Choice; Labor Productivity
This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-03-14 (All new papers)
- NEP-ENT-2012-03-14 (Entrepreneurship)
- NEP-TRA-2012-03-14 (Transition Economics)
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Mariassunta Giannetti & Andrei Simonov, 2009. "Social Interactions and Entrepreneurial Activity," Journal of Economics & Management Strategy, Wiley Blackwell, Wiley Blackwell, vol. 18(3), pages 665-709, 09.
- Chen, Henry & Gompers, Paul & Kovner, Anna & Lerner, Josh, 2010.
"Buy local? The geography of venture capital,"
Journal of Urban Economics,
Elsevier, vol. 67(1), pages 90-102, January.
- Enrico Berkes & Ugo Panizza & Jean-Louis Arcand, 2012. "Too Much Finance?," IMF Working Papers 12/161, International Monetary Fund.
- John McMillan & Christopher Woodruff, 2002. "The Central Role of Entrepreneurs in Transition Economies," Journal of Economic Perspectives, American Economic Association, American Economic Association, vol. 16(3), pages 153-170, Summer.
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