The institutions of economic freedom and entrepreneurship: evidence from panel data

Abstract

Entrepreneurship, Self-employment, Institutions, Economic freedom, M13, O50,

The more business owners, the merrier? The role of tertiary education

“…entrepreneurship-sme.eu for the data and Van Stel (2005) for a justification of the harmonization methods. This database has been used and acknowledged widely (see, among other studies, Armour and Cumming 2008;Carree et al 2002Carree et al , 2007Davis 2008, p. 54;Koellinger and Thurik 2012;Nyström 2008). 14 Data taken directly from the OECD Labour Force Statistics suffer from a lack of comparability across countries and over time.…”

Effectuation and Causation as the Mediators of the Relationship between Cultural Value Orientations and New Venture Performance

“…Что касается контрольных переменных, возраст предпринимателя и «Легкость ведения бизнеса» (легче вести бизнес) отрицательно связаны с результа-тами деятельности фирмы (соответственно, β = -0,034; p < 0,001; β = -0,003; p < 0,1). Легкость ведения бизнеса отражает регуля-тивный аспект институциональной среды, окружающей бизнес, который покрывает все вопросы, связанные с регистрацией и ведением бизнеса [Nyström, 2008]. Одно из возможных объяснений негативного c показатель «отклонение» ((-2) log-likelihood) служит для оценки значимости модели: чем меньше его значение, тем лучше модель (см.…”

Do good institutions enhance the effect of technological spillovers on productivity? Comparative evidence from developed and transition economies

“…), the size of the government (implicitly its power to intervene in the economy), access to sound money (i.e., low and predictable inflation), openness to trade and investments, as well as an optimal level of regulation in the economy for spurring entrepreneurial and innovative endeavors. Overall, studies report a positive relationship between economic freedom and growth rates (Gwartney, Holcombe and Lawson, 2004; Ali and Crane, 2002) as well as entrepreneurial activities (Nystrom, 2008). In relation to productivity, different institutionalized measures of economic freedom reduce transaction costs in the market, stimulate entrepreneurial experimentation and innovation, help allocate efficiently financial resources and open up new opportunities for domestic firms (Bjornskov and Foss, 2010).…”