Discussion paper

DP5705 Entrepreneurship in China and Russia Compared

We compare results from a pilot study on entrepreneurship in China and Russia. Compared to non-entrepreneurs, Russian and Chinese entrepreneurs have more entrepreneurs in their family and among childhood friends, value work more relative to leisure and have higher wealth ambitions. Russian entrepreneurs have a better educational background and their parents were more likely to have been members of the communist party but Chinese entrepreneurs are more risk-taking and greedy and have more entrepreneurs among their childhood friends.


Djankov, S, Y Qian, G Roland and E Zhuravskaya (2006), ‘DP5705 Entrepreneurship in China and Russia Compared‘, CEPR Discussion Paper No. 5705. CEPR Press, Paris & London. https://cepr.org/publications/dp5705