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Institutions and Entrepreneurship Development in Russia: A Comparative Perspective

  • Ruta Aidis

    ()

    (SSEES, University College London FEE, University of Amsterdam)

  • Saul Estrin

    ()

    (London School of Economics)

  • Tomasz Marek Mickiewicz

    ()

    (UCL School of Slavonic and East European Studies)

In this paper we use a comparative perspective to explore the ways in which institutions and networks have influenced entrepreneurial development in Russia. We utilize Global Entrepreneurship Monitor (GEM) data to study the effects of the weak institutional environment in Russia on entrepreneurship, comparing it first with all available GEM country samples and second, in more detail, with Brazil and Poland. Our results suggest that Russia's institutional environment is important in explaining its relatively low levels of entrepreneurship development, where the latter is measured in terms of both number of start-ups and of existing business owners. In addition, Russia's business environment and its consequences for the role of business networks contribute to the relative advantage of entrepreneurial insiders (those already in business) to entrepreneurial outsiders (newcomers) in terms of new business start-ups.

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Paper provided by UCL School of Slavonic and East European Studies (SSEES) in its series UCL SSEES Economics and Business working paper series with number 79.

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Length: 30 pages
Date of creation: Aug 2007
Handle: RePEc:see:wpaper:79
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