Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/128932
Authors: 
Belitski, Maksim
Korosteleva, Julia
Year of Publication: 
2011
Series/Report no.: 
WIFO Working Papers 397
Abstract: 
This paper investigates the variation in entrepreneurship across cities of the Commonwealth of Independent States during 1995-2008, utilising a unique dataset and employing the System Generalised Method of Moments technique. Our findings suggest that banking reform facilitates entrepreneurship, whereas the size of the state discourages it. Our results confirm a U-shaped relationship between per-capita income and entrepreneurship. We also find that cities with higher concentration of universities are likely to have higher entrepreneurial entry. This provides some evidence for the importance of agglomeration economies in terms of higher concentration of knowledge which may lead to intensified exchange of ideas driving knowledge-based entrepreneurship in the region.
Subjects: 
Entrepreneurship
small business
urbanisation
transition
CIS Urban Audit
Document Type: 
Working Paper

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