In this paper we use a comparative perspective to explore the ways in which institutions and networks have influenced entrepreneurial development in Russia. We utilize Global Entrepreneurship Monitor (GEM) data to study the effects of the weak institutional environment in Russia on...

This study analyses the impact of business group affiliation on firm performance during a time when business groups are newly formed, when the economic and institutional environment is changing, and when group survival is uncertain. Based primarily on a transaction cost approach, we develop two...

In this paper, we evaluate what we have learned to date about the effects of privatization from the experiences during the last fifteen to twenty years in the postcommunist (transition) economies and, where relevant, China. We distinguish separately the impact of privatization on efficiency,...

The development of a robust small and medium-sized enterprise (SME) sector has been widely seen as important to Russia’s socio-economic transformation. This has been clear from state policies and rhetoric that claim to support the development of entrepreneurship and publicly advocate its...

Attempting to satisfy their political masters in a target-driven culture, Soviet managers had to optimize on many margins simultaneously. One of these was the margin of truthfulness. False accounting for the value of production appears to have been widespread in some branches of the economy and...

The primary objective of this thesis is to contribute to the debate on the reasons behind Russia's poor economic performance in its first decade after the fall of communism, by examining the role of IMF economic programs in the reform process.In particular, we are interested in the failure of...

This thesis deals with the exporting performance of Ukraine. Focusing on the reorientation of merchandise exports, both in terms of geography – from East to West – and in terms of commodity composition, it explores the multi-level determinants of the observed picture. While until 2003-2004...

In this paper a structural estimation framework is developed to assess whether inward foreign direct investment (FDI) generates technological externalities. The econometric model is implemented in an empirical investigation with data from Colombia’s Manufacturing Census. So far, evidence of...

The evolutionary approach to technical change considers technological capability building as the outcome of interactions among individuals, firms, and organizations within a socio-economic and institutional framework in a geographically defined space. This paper aims to study technological...

When taking into account time, services can experience similar productivity gains as manufacturing. Motion pictures constituted the first technology that industrialized a labour-intensive service. Measuring output in time spent consuming them doubles output growth from 4.2 to as much as 9...