Entrepreneurship: First Results from Russia

Abstract

Studies of the determinants of entrepreneurship have emphasized three distinct perspectives: market institutions, social networks and personal characteristics. Using data from a pilot survey with over 2,000 interviews in 7 cities across Russia, we find evidence for a particularly strong effect of social networks: individuals whose relatives and childhood friends are entrepreneurs are more than twice as likely to be entrepreneurs. Mothers' characteristics play a significant role in determining future entrepreneurs.

Keywords: Entrepreneurship, Russia

JEL Classification: M13, P5, L22