Socio-Cultural Practices and Restrictions of Entrepreneurship in Transition Russia

The Sixth Annual Meeting of Chinese Hayek Society, Shue Yan University, 2010

Posted: 7 Feb 2011

See all articles by Yuriy Timofeyev

Yuriy Timofeyev

National Research University Higher School of Economics

Date Written: August 6, 2010

Abstract

Russia has experienced a radical economical and political change since the end of the 1980s. As a transition economy, Russia needs to usher in the entrepreneurial activities to transform from the self-interest disparaged communism to the capitalism, which encourages profit-seeking. After two decades of transformation into market system, Russian small and medium enterprises have not only contributed significantly to overcoming the transitional depression and fast growth but also created enormous employment opportunity. This paper attempts to investigate real entrepreneurial practices and restrictions confronted during the economic transition in Russia. The comparative study based on data of relevant international surveys like Doing Business Index or Global Entrepreneurship Monitor between Russia and other transition countries or Russia and good-practice economies merits our understanding of how entrepreneurs adapt to the new environment in order to create competitive advantages.

Keywords: Entrepreneurship, post-socialistic transition economy, Doing Business Index (DBI), Global Entrepreneurship Monitor (GEM), Russia

JEL Classification: M13, P37, P51

Suggested Citation

Timofeyev, Yuriy, Socio-Cultural Practices and Restrictions of Entrepreneurship in Transition Russia (August 6, 2010). The Sixth Annual Meeting of Chinese Hayek Society, Shue Yan University, 2010, Available at SSRN: https://ssrn.com/abstract=1755334 or http://dx.doi.org/10.2139/ssrn.1755334

Yuriy Timofeyev (Contact Author)

National Research University Higher School of Economics ( email )

Moscow
Russia

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