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Entrepreneurs and the Ordering of Institutional Reform: Poland, Slovakia, Romania, Russia and Ukraine Compared
Abstract
We use survey data to examine new firms in Poland, Slovakia, Romania, Russia and Ukraine. By measures of job growth, security of property, and market development, our countries fall into two groups: an advanced group including Poland, Romania and Slovakia, with Slovakia 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.
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Citations
Cited by
Johnson, S., McMillan, J., & Woodruff, C. (2002) · American Economic Review · doi:10.1257/000282802762024539 · Cited by 980
Self-citationProbing theoretically into Central and Eastern Europe: transactions, resources, and institutions
Meyer, K. E., & Peng, M. W. (2005) · Journal of International Business Studies · doi:10.1057/palgrave.jibs.8400167 · Cited by 845
Institutions and entrepreneurship development in Russia: A comparative perspective
Aidis, R., Estrin, S., & Mickiewicz, T. (2008) · Journal of Business Venturing · doi:10.1016/j.jbusvent.2008.01.005 · Cited by 801
Institutional factors, opportunity entrepreneurship and economic growth: Panel data evidence
Aparicio, S., Urbano, D., & Audretsch, D. (2016) · Technological Forecasting and Social Change · doi:10.1016/j.techfore.2015.04.006 · Cited by 678
Courts and Relational Contracts
Johnson, S. (2002) · Journal of Law, Economics, and Organization · doi:10.1093/jleo/18.1.221 · Cited by 533
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Metadata
- Authors
- Johnson, S., McMillan, J., & Woodruff, C.
- Venue
- Economics of Transition
- Publisher
- Wiley
- Published
- 2000-03
- Volume
- 8
- Issue
- 1
- Pages
- 1-36
- ISSN
- 0967-0750 (ISSN-L)
- 1468-0351
- OpenAlex
- W2067641198
- Cited by
- 196
- References
- 0
- FWCI
- 54.04
- Type
- journal article
- Language
- en
- Open access
- closed
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