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Cited by 785

The DOI matches its Crossref record; 32 of the 32 references it cites were found in a registry or an index.

The Central Role of Entrepreneurs in Transition Economies

McMillan, John, Woodruff, Christopher·2002·Journal of Economic Perspectives

Abstract

The authors summarize entrepreneurial patterns in the transition economies, particularly Russia, China, Poland and Vietnam. Markets developed spontaneously in every transition country, but they were built at varying speeds. Some governments impeded the entrepreneurs' self-help by creating conditions that made it hard for informal contracting to work; others created an environment that was conducive to self-help. The spontaneous emergence of markets, furthermore, has its limits. As firms' activities became more complex, they came to need formal institutions. Some governments fostered entrepreneurship by building market-supporting infrastructure; others did not. The authors argue that the success or failure of a transition economy can be traced in large part to the performance of its entrepreneurs.

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Metadata

Authors
McMillan, J., & Woodruff, C.
Venue
Journal of Economic Perspectives
Published
2002-08-01
Volume
16
Issue
3
Pages
153-170
ISSN
0895-3309 (ISSN-L)
OpenAlex
W2114987439
Cited by
785
References
32
FWCI
102.70
Type
journal article
Language
en
Open access
closed

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CoChat. (2026). Citation check: The Central Role of Entrepreneurs in Transition Economies. https://app.cochat.ai/papers/10.1257/089533002760278767
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McMillan, J., & Woodruff, C. (2002). The Central Role of Entrepreneurs in Transition Economies. Journal of Economic Perspectives. https://doi.org/10.1257/089533002760278767

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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.

Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).

Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.