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The Institutions of Economic Freedom and Entrepreneurship: Evidence from Panel Data
KTH, School of Industrial Engineering and Management (ITM), Industrial Economics and Management (Dept.), Economics (Closed (20130101).ORCID iD: 0000-0002-1692-8677
2008 (English)In: Public Choice, ISSN 0048-5829, E-ISSN 1573-7101, Vol. 136, no 3-4, 269-282 p.Article in journal (Refereed) Published
Abstract [en]

This paper provides new evidence on the determinants of entrepreneurship across countries. The paper investigates the relationship between the institutional setting, in terms of economic freedom, and entrepreneurship, measured by self-employment, in a panel data setting covering 23 OECD countries for the period 1972-2002. The measure of economic freedom includes five aspects: size of government, legal structure and security of property rights, access to sound money, freedom to trade internationally, and the regulation of credit, labour and business. The empirical findings show that a smaller government sector, better legal structure and security of property rights, as well as less regulation of credit, labour and business tend to increase entrepreneurship.

Place, publisher, year, edition, pages
Springer, 2008. Vol. 136, no 3-4, 269-282 p.
Keyword [en]
Economic freedom, Entrepreneurship, Institutions, Self-employment
National Category
Economics and Business
Identifiers
URN: urn:nbn:se:kth:diva-10737DOI: 10.1007/s11127-008-9295-9ISI: 000258676900002Scopus ID: 2-s2.0-48349096085OAI: oai:DiVA.org:kth-10737DiVA: diva2:227705
Note

QC 20101004

Available from: 2009-07-16 Created: 2009-07-16 Last updated: 2016-07-19Bibliographically approved

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Nyström, Kristina

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