Institutions and Entry: A Cross-Regional Analysis in Russia

52 Pages Posted: 21 Feb 2011

See all articles by Randolph Luca Bruno

Randolph Luca Bruno

Institute for the Study of Labor (IZA); UCL SSEES

Maria Bytchkova

London School of Economics & Political Science (LSE)

Saul Estrin

Centre for Economic Policy Research (CEPR); London School of Economics & Political Science (LSE); IZA Institute of Labor Economics

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Abstract

We analyse a micro-panel data set to investigate the effect of regional institutional environment and economic factors on Russian new firm entry rates across time, industries and regions. The paper builds on novel databases and exploits inter-regional variation in a large number of institutional variables. We find entry rates across industries in Russia are not especially low by international standards and are correlated with entry rates in developed market economies, as well as with institutional environment and firm size. Furthermore, industries that, for scale or technological reasons, are characterised by higher entry rates experience lower entry within regions affected subject to political change. A higher level of democracy enhances entry rates for small sized firms but reduces them for medium or large ones.

Keywords: entry rate, institutions, democracy

JEL Classification: D22, L26, P31

Suggested Citation

Bruno, Randolph Luca and Bruno, Randolph Luca and Bytchkova, Maria and Estrin, Saul and Estrin, Saul, Institutions and Entry: A Cross-Regional Analysis in Russia. IZA Discussion Paper No. 5504, Available at SSRN: https://ssrn.com/abstract=1765670 or http://dx.doi.org/10.2139/ssrn.1765670

Randolph Luca Bruno (Contact Author)

Institute for the Study of Labor (IZA) ( email )

P.O. Box 7240
Bonn, D-53072
Germany

UCL SSEES ( email )

16 Taviton Street
London, WC1H 0 BW
United Kingdom

HOME PAGE: http://https://www.ucl.ac.uk/ssees/people/randolph-bruno

Maria Bytchkova

London School of Economics & Political Science (LSE) ( email )

Houghton Street
London, WC2A 2AE
United Kingdom

Saul Estrin

Centre for Economic Policy Research (CEPR)

London
United Kingdom

London School of Economics & Political Science (LSE) ( email )

Houghton Street
London, WC2A 2AE
United Kingdom

IZA Institute of Labor Economics

P.O. Box 7240
Bonn, D-53072
Germany

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