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Article

The Impact of Financial and Human Resources on Export Performance of Russian Firms

This study contributes to the literature by investigating for the first time the effects of entrepreneurial environment on export survival in Russia. Using continuous-time Cox model and discrete-time complementary log-log and probit models we study the effects of the availability of human and financial resources on export survival across Russian regions in 2002-2010. Taking into account uncertainty and time effects reveals that the effects are falling over time and are more important for larger exporters. Thus, there is an evidence of a learning curve for exporters when the latter become more efficient with time in treating with regional-level resources and regulatory environment.