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Former Soviet Union middle class: how entrepreneurs are shaping a new stratum and pattern of socio-economic behavior.
- Source :
- Journal of Innovation & Entrepreneurship; 1/16/2024, Vol. 13 Issue 1, p1-18, 18p
- Publication Year :
- 2024
-
Abstract
- The purpose of this study is to create a representative socio-economic profile of entrepreneurs operating in the former Soviet Union (FSU) states as a pillar of the new middle-class stratum. This study explored middle-class entrepreneurship from multiple perspectives, encompassing statistical analysis of microdata about households and firms. The aim was to gauge entrepreneurship within a national framework and examine its associations with social and economic factors. The study adopted the Doing Business tool as a novel paradigm to establish a quantitative correlation between the economic system in the post-Soviet space and the investigated variables. The analysis revealed that prospective entrepreneurs are members of the younger generation between the ages of 25 and 34; a critical factor in the development of entrepreneurship is highly educated human capital; and typical representatives of entrepreneurship intending to operate in the FSU states establish their own business as a means of subsistence, not as a means of advancement in the social stratum. In general, an entrepreneur of the middle class in the new economies of the post-Soviet space does not demonstrate a high level of entrepreneurial activity and, as a pillar of the middle-class stratum, is in the formation stage. [ABSTRACT FROM AUTHOR]
Details
- Language :
- English
- ISSN :
- 21925372
- Volume :
- 13
- Issue :
- 1
- Database :
- Complementary Index
- Journal :
- Journal of Innovation & Entrepreneurship
- Publication Type :
- Academic Journal
- Accession number :
- 174819736
- Full Text :
- https://doi.org/10.1186/s13731-023-00356-2