The Central Role of Entrepreneurs in Transition Economies

By J. Mcmillan, Christopher Woodruff. 2002

682 citations recorded by the source corpus.

Subfields: Demography, Economics and Econometrics, Information Systems

View Paper: https://www.semanticscholar.org/paper/d2eb3badcc90af514b29f611434c67fed79cdeec

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In Demography

1. L. Klapper
2. Georgios A. Panos
3. Anna Lusardi
4. Saul Estrin
5. Meijun Qian
6. Matthias Benz
7. W. Naudé
8. Kun Fu

In Economics and Econometrics

1. Chen Lin
2. W. Naudé
3. K. Meyer
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6. L. Klapper
7. Georgios A. Panos
8. Saul Estrin

In Information Systems

1. Tomasz Mickiewicz
2. Saul Estrin
3. Erkko Autio
4. R. Sobel
5. Kun Fu
6. Chen Lin
7. J. Korosteleva
8. W. Naudé

Citations in the corpus

• Economic and political institutions and entry into formal and informal entrepreneurship (2014, positive): “…a larger number of informal enterprises, and vice versa.1 Well-functioning institutions channel entrepreneurs’ effort and resources to productive uses by reducing transactional uncertainty and reducing entrepreneurs’ exposure to illegal rent expropriation by governments (McMillan & Woodruff, 2002).”
• One Cost of the Chilean Capital Controls: Increased Financial Constraints for Smalles Traded Firms (2003, positive): “6 McMillan and Woodruff (2002) provide evidence of the importance of small firms and startups in promoting job creation and economic growth in the transition economies. several econometric issues and then estimates the base model.”
• Entrepreneurship as a non-profit-seeking activity (2009, positive): “There is ample evidence that entrepreneurs react to changes in financial incentives in predictable economic ways (for taxes, see e.g., Schuetze & Bruce, 2004; for profit making opportunities, e.g., McMillan & Woodruff, 2002; Baumol, 1990, 1993; and for patent protection, e.g., Hvide, 2004).”
• Entrepreneurship in Post-Socialist Economies (2005, background): “As is stated by McMillan & Woodruff (2002), this is particularly relevant in the context of postsocialist economies where entrepreneurs can potentially facilitate these economies' ongoing transition process.”
• Property rights protection and corporate R&D: Evidence from China (2010, background): “For example, McMillan and Woodruff (2002) and Cull and Xu (2005) argue for the importance of access to external finance to corporate reinvestment.”
• Entrepreneurship and SME growth: evidence from advanced and laggard transition economies (2011, background): “Business environment is, of course, a multidimensional concept embodying the prevailing institutional framework, the regulatory mechanism, macroeconomic stability, price stability, technological opportunities, and industry growth, including the rising demand for new products (Tsai et al., 1991; Zahr”
• Law, Finance, and Economic Growth in China (2005, positive): “Finally, some of our results are consistent with existing research on economies in transition (from Socialist, central planning systems to market-based economies), including Eastern European countries, Russia, Vietnam, and China.”
• The Impact of Business Environment Reforms on New Firm Registration (2010, neutral): “In many developing countries, where there was no significant private sector to start out with, new firms often strengthened reforms by improving economic conditions, as for instance in China (McMillan and Woodruff, 2002).”
• Determinants of entrepreneurial activities in China (2010, background): “Before 1978, China was a centrally planned economy dominated by public ownership; and since then it has undergone a transition to a market economy through privatization of stateowned enterprises and establishment of private enterprises (McMillan and Woodruff, 2002).”
• Institutions and the shaping of different forms of entrepreneurship (2010, background): “However, a substantial literature (see e.g. McMillan and Woodruff (1999, 2002), Djankov et al; 2004) argues that weak institutions, notably the quality of the commercial code, the strength of legal enforcement, administrative barriers, extra-legal payments and lack of market-supporting…”
• Institutions, Ownership, and Finance: The Determinants of Profit Reinvestment Among Chinese Firms (2005, neutral): “The JMW results are put in perspective in a recent survey on entrepreneurs and transition by McMillan and Woodruff (2002).”