Small Business as the Source of Institutional Innovations in the Russian Economy
Опубликовано на портале: 12-11-2004
The article examines the specifics of small business sector institutional development
in the transitional economy of Russia. It shows that small business adjustment has
brought about a number of economic institutions, for example, business networks and
vertically integrated structures. But business associations as a fully-fledged institution
representing and protecting the interests of small business have not been established
yet. Business ties and transactions are maintained through informal contracts, businessmen'
personal relations. This practice has triggered the development of the shadow economy.
A similar institutional development of the sector has had mainly negative results.
The analysis has used the results of formalized surveys and in-depth interviews with
entrepreneurs and small business managers held by IPSSA (with the participation of
the article's author) in 1992 to 1998.