Politics and Entrepreneurship in Transition Economies
TLDR
The economies of Eastern Europe and the former Soviet Union (FSU) escaped communism with a heavy burden as mentioned in this paper, reflected in massive subsidization of state firms, heavy regulation of entry and operations of private firms, as well as punitive taxation by the government and - separately - by its agents (corruption).Abstract:
The economies of Eastern Europe and the former Soviet Union (FSU) escaped communism with a heavy burden. Despite the collapse of central planning, these economies continued to suffer from heavy political control of economic activity, reflected in massive subsidization of state firms, heavy regulation of entry and operations of private firms, as well as punitive taxation by the government and - separately - by its agents (corruption). Such politicization of the economy had to be reduced significantly for small business formation and growth to begin. In recent years, some countries have succeeded in depoliticizing their economies much better than others. As this paper shows, these are the countries that also had the best growth records.read more
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Does eurosclerosis matter ? - institutional reform and labor market performance in Central and Eastern European countries in the 1990s
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References
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Journal ArticleDOI
Institutions and Entrepreneurship Development in Russia: A Comparative Perspective
TL;DR: In this article, the authors used Global Entrepreneurship Monitor (GEM) data collected in 2001 and 2002 to investigate the effects of the weak institutional environment in Russia on entrepreneurship, comparing it with all available GEM country samples and in more detail with Brazil and Poland.
Journal ArticleDOI
Size matters: entrepreneurial entry and government
TL;DR: In this paper, the authors explore the country-specific institutional characteristics likely to influence an individual's decision to become an entrepreneur and find that entrepreneurial entry is inversely related to the size of the government, and more weakly to the extent of corruption.
Journal ArticleDOI
The effect of social, cultural, and economic factors on entrepreneurship
TL;DR: The authors analyzed three groups of factors affecting entrepreneurship and entrepreneurs' perceptions of opportunity: social, cultural, and economic variables, and employed the partial least squares method for two groups of countries: (1) European countries, and (2) Latin-American and Caribbean countries.
Trust in transition
TL;DR: In this paper, the role of trust in transition in a modern market economy is examined, and the authors argue that the key challenge for successful transition is to rebuild confidence in government and provide a minimum level of rule enforcement, which would lower the risk for economic actors to break out of existing networks in search of new economic opportunities.
Posted Content
Does eurosclerosis matter ? - institutional reform and labor market performance in Central and Eastern European countries in the 1990s
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