Trends in Entrepreneurial Activity in Central and East European Transition Economies
AbstractAfter 1989, radical changes in the level of entrepreneurial activity have taken place in the Central and East European (CEE) region countries, transitioning from the communist to a market economy system. In this paper we explore these developments at the macro level of countries. In particular, we investigate developments in business ownership rates in four CEE transition economies (Czech Republic, Hungary, Poland and Slovak Republic) in the period 1989-2008, and compare them with developments in other OECD countries. To this end we make use of EIM’s COMPENDIA data base, which contains harmonized data on the number of business owners in OECD countries. Data for the four CEE region countries under consideration have recently been added to COMPENDIA. Our analysis reveals that, since the fall of the Berlin Wall in 1989, business ownership rates in the four CEE countries have been converging rapidly towards the levels of other OECD countries, and more specifically, Western European countries. This shows that the communist system did not have prolonged negative effects on the private business sector in these four countries. Instead, based on their institutional and cultural roots, or ‘civilization fundamentals’, these CEE countries were able to rebuild the entrepreneurial sector in a relatively short period of transition. Finally, in spite of the general trend of convergence towards Western European countries, we also find sizable differences among these four CEE countries in the level and development of business ownership since 1989.
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Bibliographic InfoPaper provided by EIM Business and Policy Research in its series Scales Research Reports with number H201202.
Length: 40 pages
Date of creation: 23 Jan 2012
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2012-02-08 (All new papers)
- NEP-ENT-2012-02-08 (Entrepreneurship)
- NEP-EUR-2012-02-08 (Microeconomic European Issues)
- NEP-HME-2012-02-08 (Heterodox Microeconomics)
- NEP-SBM-2012-02-08 (Small Business Management)
- NEP-TRA-2012-02-08 (Transition Economics)
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