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Entrepreneurs and the Ordering of Institutional Reform: Poland, Slovakia, Romania, Russia and Ukraine Compared

Entrepreneurs and the Ordering of Institutional Reform: Poland, Slovakia, Romania, Russia and... We use survey data to examine new firms in Poland, Slovakia, Romania, Russia and Ukraine. By measures of job growth, security of property, and market development, our countries fall into two groups: an advanced group including Poland, Romania and Slovakia, with Slovakia falling somewhat behind the other two; and a backward group of Russia and Ukraine. Macroeconomic stability is not sufficient for private‐sector growth. A lack of bank finance does not seem to prevent private‐sector growth. More inhibiting than inadequate finance are insecure property rights. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Economics of Transition and Institutional Change Wiley

Entrepreneurs and the Ordering of Institutional Reform: Poland, Slovakia, Romania, Russia and Ukraine Compared

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Publisher
Wiley
Copyright
Copyright © 2000 Wiley Subscription Services, Inc., A Wiley Company
ISSN
2577-6975
eISSN
2577-6983
DOI
10.1111/1468-0351.00034
Publisher site
See Article on Publisher Site

Abstract

We use survey data to examine new firms in Poland, Slovakia, Romania, Russia and Ukraine. By measures of job growth, security of property, and market development, our countries fall into two groups: an advanced group including Poland, Romania and Slovakia, with Slovakia falling somewhat behind the other two; and a backward group of Russia and Ukraine. Macroeconomic stability is not sufficient for private‐sector growth. A lack of bank finance does not seem to prevent private‐sector growth. More inhibiting than inadequate finance are insecure property rights.

Journal

Economics of Transition and Institutional ChangeWiley

Published: Mar 1, 2000

Keywords: ; ; ;

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