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Institutions and Entry: A Cross-Regional Analysis in Russia

Listed author(s):
  • Bruno, Randolph Luca

    ()

    (University College London)

  • Bytchkova, Maria

    ()

    (London School of Economics)

  • Estrin, Saul

    ()

    (London School of Economics)

We analyse a micro-panel data set to investigate the effect of regional institutional environment and economic factors on Russian new firm entry rates across time, industries and regions. The paper builds on novel databases and exploits inter-regional variation in a large number of institutional variables. We find entry rates across industries in Russia are not especially low by international standards and are correlated with entry rates in developed market economies, as well as with institutional environment and firm size. Furthermore, industries that, for scale or technological reasons, are characterised by higher entry rates experience lower entry within regions affected subject to political change. A higher level of democracy enhances entry rates for small sized firms but reduces them for medium or large ones.

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Paper provided by Institute for the Study of Labor (IZA) in its series IZA Discussion Papers with number 5504.

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Length: 52 pages
Date of creation: Feb 2011
Publication status: published as 'Institutional Determinants of New Firm Entry in Russia: A Cross-Regional Analysis' in: Review of Economics and Statistics, 2013, 95(5), 1740-1749
Handle: RePEc:iza:izadps:dp5504
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