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Do institutions matter for entrepreneurial development?

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  • Ruta Aidis

    (George Mason University, USA)

Abstract

Supportive institutional environments help build the foundations for innovative and productive entrepreneurship. A few post-Soviet countries have benefitted from international integration through EU membership, which enabled the development of democracy and free market principles. However, many post-Soviet economies continue to face high levels of corruption, complex business regulations, weak rule of law and uncertain property rights. For them, international integration can provide the needed support to push through unpopular yet necessary stages of the reform process.

Suggested Citation

  • Ruta Aidis, 2017. "Do institutions matter for entrepreneurial development?," IZA World of Labor, Institute of Labor Economics (IZA), pages 334-334, February.
    • Handle: RePEc:iza:izawol:journl:y:2017:n:334
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    References listed on IDEAS

    as
    1. Simeon Djankov & Peter Murrell, 2002. "Enterprise Restructuring in Transition: A Quantitative Survey," Journal of Economic Literature, American Economic Association, vol. 40(3), pages 739-792, September.
    2. Aidis, Ruta & Estrin, Saul & Mickiewicz, Tomasz, 2009. "Entrepreneurial Entry: Which Institutions Matter?," IZA Discussion Papers 4123, Institute of Labor Economics (IZA).
    3. Aidis, Ruta & van Praag, Mirjam, 2007. "Illegal entrepreneurship experience: Does it make a difference for business performance and motivation?," Journal of Business Venturing, Elsevier, vol. 22(2), pages 283-310, March.
    4. Baumol, William J., 1996. "Entrepreneurship: Productive, unproductive, and destructive," Journal of Business Venturing, Elsevier, vol. 11(1), pages 3-22, January.
    5. Ruta Aidis & Saul Estrin, 2006. "Institutions, Networks and Entrepreneurship Development in Russia: An Exploration," William Davidson Institute Working Papers Series wp833, William Davidson Institute at the University of Michigan.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Folorunsho M. Ajide & Tolulope T. Osinubi, 2022. "Foreign aid and entrepreneurship in Africa: the role of remittances and institutional quality," Economic Change and Restructuring, Springer, vol. 55(1), pages 193-224, February.
    2. Alvina Sabah Idrees & Saima Sarwar, 2021. "State effectiveness, property rights and entrepreneurial behaviour as determinants of National Innovation," Australian Economic Papers, Wiley Blackwell, vol. 60(3), pages 392-423, September.

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    More about this item

    Keywords

    entrepreneurship; institutions; transition countries;
    All these keywords.

    JEL classification:

    • P2 - Political Economy and Comparative Economic Systems - - Socialist and Transition Economies
    • D02 - Microeconomics - - General - - - Institutions: Design, Formation, Operations, and Impact
    • P5 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems

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