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Trends in Business Ownership in Central and East European Transition Economies

  • André van Stel
  • J. Cieslik Cieslik

We investigate developments in business ownership rates in four CEE transition economies (Czech Republic, Hungary, Poland and Slovak Republic), and compare them with similar developments in other OECD countries in the period 1989-2008. Our analysis reveals that business ownership rates in the four CEE countries have been converging rapidly towards the levels of other OECD countries, and these CEE countries were able to rebuild their private sectors in a relatively short period of transition. We also find sizable differences among the four CEE countries under study in the level and dynamics of change of business ownership since 1989.

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Paper provided by EIM Business and Policy Research in its series Scales Research Reports with number H201202.

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Length: 41 pages
Date of creation: 03 Jan 2014
Date of revision:
Handle: RePEc:eim:papers:h201202
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  1. André van Stel & Roy Thurik & David Storey, 2006. "The effect of business regulations on nascent and young business entrepreneurship," Scales Research Reports H200609, EIM Business and Policy Research.
  2. Andre van Stel, . "COMPENDIA: Harmonizing business ownership data across countries and over time," Papers on Entrepreneurship, Growth and Public Policy 2005-05, Max Planck Institute of Economics, Entrepreneurship, Growth and Public Policy Group.
  3. Rafael La Porta & Florencio Lopez-de-Silanes & Andrei Shleifer, 2007. "The Economic Consequences of Legal Origins," NBER Working Papers 13608, National Bureau of Economic Research, Inc.
  4. André van Stel & Roy Thurik & Sander Wennekers & Martin Carree, 2010. "The relationship between entrepreneurship and economic development: is it U-shaped?," Scales Research Reports H200824, EIM Business and Policy Research.
  5. van der Zwan Peter & Verheul Ingrid & Thurik Roy, 2011. "The Entrepreneurial Ladder in Transition and Non-Transition Economies," Entrepreneurship Research Journal, De Gruyter, vol. 1(2), pages 1-20, March.
  6. Simon C. Parker & Emilio Congregado & Antonio A. Golpe, 2012. "Testing for hysteresis in entrepreneurship in 23 OECD countries," Applied Economics Letters, Taylor & Francis Journals, vol. 19(1), pages 61-66, January.
  7. Jan Winiecki, 2004. "Determinants of catching up or falling behind: interaction of formal and informal institutions," Post-Communist Economies, Taylor & Francis Journals, vol. 16(2), pages 137-152.
  8. André van Stel & Mirjam van Praag, 2011. "The More Business Owners the Merrier? The Role of Tertiary Education," Scales Research Reports H201010, EIM Business and Policy Research.
  9. Szirmai, Adam & Naude, Wim & Goedhuys, Micheline (ed.), 2011. "Entrepreneurship, Innovation, and Economic Development," OUP Catalogue, Oxford University Press, number 9780199596515, March.
  10. Nyström, Kristina, 2008. "The Institutions of Economic Freedom and Entrepreneurship: Evidence from Panel Data," Ratio Working Papers 114, The Ratio Institute.
  11. André van Stel & Chantal Hartog & J. Cieslik Cieslik, 2010. "Measuring Business Ownership Across Countries and Over Time: Extending the COMPENDIA Data Base," Scales Research Reports H201019, EIM Business and Policy Research.
  12. Stam, Erik & Stel, Andre van, 2009. "Types of Entrepreneurship and Economic Growth," MERIT Working Papers 049, United Nations University - Maastricht Economic and Social Research Institute on Innovation and Technology (MERIT).
  13. Vladimír Benáček, 1995. "Small Businesses and Private Entrepreneurship during Transition: The Case of the Czech Republic," Eastern European Economics, M.E. Sharpe, Inc., vol. 33(2), pages 38-75, April.
  14. Oliver E. Williamson, 2000. "The New Institutional Economics: Taking Stock, Looking Ahead," Journal of Economic Literature, American Economic Association, vol. 38(3), pages 595-613, September.
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