DP5707 Entrepreneurship: First Results from Russia
|Author(s):||Simeon Djankov, Edward Miguel, Yingyi Qian, Gérard Roland, Ekaterina Zhuravskaya|
|Publication Date:||June 2006|
|Programme Areas:||Institutions and Economic Performance|
|Link to this Page:||cepr.org/active/publications/discussion_papers/dp.php?dpno=5707|
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.