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Do institutions matter for entrepreneurial development?

Author

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  • Ruta Aidis

    (George Mason University)

Abstract

Since the collapse of the Soviet Union, the differing impact of institutions on entrepreneurship development is undeniable. Several post-Soviet countries benefitted from early international integration by joining the EU, adopting the euro, and becoming OECD members. This process enabled entrepreneurship to develop within institutional contexts where democratic and free market principles were strengthened. In general, however, post-Soviet economies continue to be characterized by higher levels of corruption, complex business regulations, weak rule of law, uncertain property rights and often, lack of political will for institutional change.

Suggested Citation

  • Ruta Aidis, 2023. "Do institutions matter for entrepreneurial development?," World of Labour, LISER, pages 334-334, August.
    • Handle: RePEc:iza:izawol:journl:2023:n:334
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    Cited by:

    1. is not listed on IDEAS
    2. Folorunsho M. Ajide & Tolulope T. Osinubi, 2022. "Foreign aid and entrepreneurship in Africa: the role of remittances and institutional quality," Economic Change and Restructuring, Springer, vol. 55(1), pages 193-224, February.
    3. Alvina Sabah Idrees & Saima Sarwar, 2021. "State effectiveness, property rights and entrepreneurial behaviour as determinants of National Innovation," Australian Economic Papers, Wiley Blackwell, vol. 60(3), pages 392-423, September.

    More about this item

    Keywords

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    JEL classification:

    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems

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