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Entrepreneurship in China and Russia Compared Simeon Djankov ...

Source: www.econ.berkeley.edu
Topic: Entrepreneurship

Sort Desciption: Abstract: We compare results from a pilot study on entrepreneurship in China and. Russia. ..... Entrepreneurship in Russia and China. Probit regressions. ...

Content Inside: Entrepreneurship in China and Russia Compared * ** Simeon Djankov World Bank Yingyi Qian UC Berkeley Grard Roland UC Berkeley Ekaterina Zhuravskaya CEFIR Abstract: 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. * Acknowledgements: We thank Irina Levina and Xiaolu Wang for excellent research assistance and the International Finance Corporation for financial support. ** Email addresses: sdjankov@worldbank.org yqian@econ.Berkeley.EDU groland@econ.berkeley.edu EZhuravskaya@cefir.ru 1 1. Introduction. The recent development and transition literatures have emphasized the importance of a strong and healthy small and medium enterprise sector for economic growth and development. Endogenous growth theory (Aghion and Howitt 1997) has emphasized the Schumpeterian approach to growth which advances that entrepreneurial dynamism is fundamental for innovation and growth. We have launched a research project trying to understand better the determinants of entrepreneurship using surveys of individuals that are being conducted in five large developing and transition countries: Russia Brazil China India and Nigeria. The samples include both entrepreneurs and non-entrepreneurs in order to understand how these groups differ in terms of three broad sets of variables put forward in social sciences as factors that potentially affect entrepreneurship: 1) individual characteristics such as skills education intellectual and personality traits 2) sociological variables such as family background s ...

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