IDEAS home Printed from https://ideas.repec.org/p/ebd/wpaper/44.html
   My bibliography  Save this paper

Entrepreneurs and the ordering of institutional reform: Poland, Romania, Russia, the Slovak Republic and Ukraine compared

Author

Listed:
  • Simon Johnson

    (Sloan School of Management, MIT)

  • John McMillan

    (Stanford University)

  • Christopher Woodruff

    (University of California at San Diego)

Abstract

We use survey data to examine new firms in Poland, Romania, Russia, the Slovak Republic and Ukraine. By measures of job growth, security of property and market development, our countries fall into two groups: an advanced group of Poland, Romania and the Slovak Republic, with the Slovak Republic falling somewhat behind the other two; and a backward group of Russia and Ukraine. Macroeconomic stability is not sufficient for private sector growth. A lack of bank finance does not seem to prevent private sector growth. More inhibiting than inadequate finance are insecure property rights.

Suggested Citation

  • Simon Johnson & John McMillan & Christopher Woodruff, 1999. "Entrepreneurs and the ordering of institutional reform: Poland, Romania, Russia, the Slovak Republic and Ukraine compared," Working Papers 44, European Bank for Reconstruction and Development, Office of the Chief Economist.
    • Handle: RePEc:ebd:wpaper:44
    as

    Download full text from publisher

    File URL: http://www.ebrd.com/pubs/econo/wp0044.pdf
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    entrepreneurs; institutional reform; property rights; external finance;
    All these keywords.

    JEL classification:

    • G24 - Financial Economics - - Financial Institutions and Services - - - Investment Banking; Venture Capital; Brokerage
    • K42 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior - - - Illegal Behavior and the Enforcement of Law
    • P34 - Political Economy and Comparative Economic Systems - - Socialist Institutions and Their Transitions - - - Finance

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ebd:wpaper:44. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Olga Lucas (email available below). General contact details of provider: https://edirc.repec.org/data/ebrdduk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.