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Supportive institutional environments help build the foundations for innovative and productive entrepreneurship. A few post-Soviet countries have benefitted from international integration through EU membership, which enabled the development of democracy and free market principles. However, many...
Persistent link: https://www.econbiz.de/10011593674
Governments foster conducive conditions for entrepreneurs through functioning free markets and good governance. In most post-Soviet countries, these conditions are still missing. Lack of political will combined with a detrimental Soviet legacy towards entrepreneurs continues to stunt...
Persistent link: https://www.econbiz.de/10015062273
There is a consensus among scholars that institutions (i.e. norms and regulations) are country specific. The paper aims … to contribute to the debate by examining the type of institutions which have been the most important for growth in … classical growth factors such as investment and export turn out to be more important for growth than institutions. …
Persistent link: https://www.econbiz.de/10011524879
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satisfaction gap between post-socialist and advanced countries and the role of political institutions in explaining this gap. My … and may have even reversed it in the post-crisis years. As institutions and macroeconomic conditions continue to improve …
Persistent link: https://www.econbiz.de/10011387030
, Hungary, Latvia, Lithuania, Poland, Romania, Slovakia and Slovenia). Environmental Kuznets Curve is tested by panel smooth …
Persistent link: https://www.econbiz.de/10011841843
Growth empirics with institutional measures is performed for 25 transition countries overthe period 1990-95. Estimation … results suggest that (particularly state) institutions aresignificant for growth and, especially, foreign direct investment …
Persistent link: https://www.econbiz.de/10011300556
The business environment in transition countries is often extraordinarily challenging for companies. The transition process these countries find themselves in leads to constant changes in the institutional environment. Hence, institutional voids prevail. These institutional voids cause...
Persistent link: https://www.econbiz.de/10012015653
. However, using panel cointegration tests, we find strong statistical evidence for the HBS hypothesis within countries and …
Persistent link: https://www.econbiz.de/10010470574