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How much of a socialist legacy?
We investigate how institutional change - the transition from a socialist system to a western type market economy- relates to the re-emergence of entrepreneurship in East Germany. This region is particularly well suited for such a study because of the rapid change of the institutional framework and...
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| Format: | Article |
| Language: | English |
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2014
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| LEADER | 01498nab a22001817a 4500 | ||
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| 008 | 160615b2014 xxu||||| |||| 00| 0 eng d | ||
| 100 | |a Fritsch, Michael | ||
| 245 | |a How much of a socialist legacy? |c The re-emergence of entrepreneurship in the East German | ||
| 260 | |c 2014 | ||
| 300 | |a 427 - 446 | ||
| 520 | |a We investigate how institutional change - the transition from a socialist system to a western type market economy- relates to the re-emergence of entrepreneurship in East Germany. This region is particularly well suited for such a study because of the rapid change of the institutional framework and the possibility to use West Germany as a benchmark. It took about 15 years until self-employment levels in East Germany reached those of West Germany. Despite this catch up, we find a number of peculiarities in East German self-employment that appear to be a continuing legacy of the socialist period. There is also a considerable correspondence of the regional levels of self-employment before, during and after the socialist period, suggesting the existence of a long-lasting regional entrepreneurship culture that can be regarded as an informal institution. This is in line with the hypothesis that informal institutions change much more slowly than formal institutions. | ||
| 650 | |a East Germany | ||
| 650 | |a Transformation | ||
| 650 | |a New Business Formation | ||
| 650 | |a Self-Employment | ||
| 650 | |a Entrepreneurship | ||
| 773 | |a Small Business Economics |d August | ||
| 999 | |c 41697 |d 41697 | ||