INSTITUTIONAL DETERMINANTS OF NEW FIRM ENTRY IN RUSSIA: A CROSS-REGIONAL ANALYSIS

• 成果类型: Article
• 署名作者: Bruno, Randolph Luca; Bytchkova, Maria; Estrin, Saul
• 署名单位: University of London; London School Economics & Political Science
• 刊物名称: REVIEW OF ECONOMICS AND STATISTICS
• ISSN/ISSBN: 0034-6535
• DOI: 10.1162/REST_a_00322
• 发表日期: 2013-12
• 页码: 1740-1749
• 关键词: growth; barrier; entrepreneurship

摘要

We investigate how the regional institutional environment-in particular, the political environment-affects Russian new firm entry across regions, industries, firm size classes, and time. We find that entry rates in Russia are explained by natural entry rates and the institutional environment. Industries that are characterized by low entry barriers in developed market economies are found to have lower entry rates in regions subject to greater political fluidity, as in the case of gubernatorial change. We also find that higher levels of political fluidity and democracy increase relative entry rates for small-sized firms but reduce them for medium-sized or large ones.