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Entrepreneurship in Brazil, China, and Russia

Author

Listed:
  • Simeon Djankov

    (the World Bank)

  • Yingyi Qian

    (UC Berkeley and NBER)

  • Gerard Roland

    (UC Berkeley and CEPR)

  • Ekaterina Zhuravskaya

    (New Economic School/CEFIR and CEPR)

Abstract
We study the determinants of the decision to become an entrepreneur in Russia, China, and Brazil, using unique survey data at the individual level. We find that entrepreneurs have many common characteristics relative to non-entrepreneurs in all three countries. They are more likely to have entrepreneurs among their relatives and friends, place a higher value on work, are happier and perceive themselves as more successful. There are also a few important differences. Russian and Chinese entrepreneurs are more mobile geographically and across jobs. In Brazil, on the contrary, entrepreneurs are less mobile across jobs and industries. Brazil entrepreneurs have higher trust than non-entrepreneurs, while in Russia and China this is not the case. Finally, we confirm that perceptions of institutional environment are an important determinant of individual decisions to expand business.

Suggested Citation

  • Simeon Djankov & Yingyi Qian & Gerard Roland & Ekaterina Zhuravskaya, 2006. "Entrepreneurship in Brazil, China, and Russia," Working Papers w0066, Center for Economic and Financial Research (CEFIR).
    • Handle: RePEc:cfr:cefirw:w0066
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    File URL: http://www.cefir.ru/papers/WP66Entrepreneurship_RCB.pdf
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    References listed on IDEAS

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    Cited by:

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    2. Rietveld, Cornelius A. & Hessels, Jolanda & van der Zwan, Peter, 2015. "The stature of the self-employed and its relation with earnings and satisfaction," Economics & Human Biology, Elsevier, vol. 17(C), pages 59-74.
    3. Cornelius A. Rietveld & Jolanda Hessels & Peter van der Zwan, 2014. "The Stature of the Self-employed and its Premium," Tinbergen Institute Discussion Papers 14-109/VII, Tinbergen Institute.
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    5. Maksimov, Vladislav & Wang, Stephanie Lu & Luo, Yadong, 2017. "Reducing poverty in the least developed countries: The role of small and medium enterprises," Journal of World Business, Elsevier, vol. 52(2), pages 244-257.
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    8. Klapper, Leora & Love, Inessa & Randall, Douglas, 2014. "New firm registration and the business cycle," Policy Research Working Paper Series 6775, The World Bank.
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