Regulations and Entrepreneurship: Evidence from Developed and Developing Countries
Date
2014
Type:
Working Paper
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Publisher
School of Business and Economics, Universidad del Desarrollo
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Abstract
This paper uses an institutional approach to examine the effect of regulations on entrepreneurial activity, comparing developed and developing countries. Through an unbalanced panel data set of 49 countries over the period 2001-2010 and using a combination of international databases we find a positive influence of government spending and entrepreneurship legislation on entrepreneurial activity. It was also found that regulations may have different impacts on entrepreneurship according to the country’s economic development. Thus, in developed economies unemployment legislation is positively related to entrepreneurship, while this relationship is negative in other cases. This paper offers new insights both from a conceptual perspective (advancing theory concerning the factors that influence entrepreneurial activity) and a practical viewpoint (for the design of government policies to foster entrepreneurship)
Description
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Citation
INNOVAR, Volumen 24, November 2014, pages 81-89
Keywords
entrepreneurial activity, regulations, institutional economics, developed and developing economies, GEM, Entrepreneurship