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dc.contributor.authorDreher, Axelen_US
dc.contributor.authorGassebner, Martinen_US
dc.date.accessioned2007-07-26en_US
dc.date.accessioned2009-07-28T08:15:25Z-
dc.date.available2009-07-28T08:15:25Z-
dc.date.issued2007en_US
dc.identifier.urihttp://hdl.handle.net/10419/26058-
dc.description.abstractThe paper investigates whether the impact of regulations on entrepreneurship depends on corruption. We first test whether regulations robustly deter firm entry into the markets. Our results show that some regulations are indeed important determinants of entrepreneurial activity. Specifically, more procedures required to start a business and larger minimum capital requirements are detrimental to entrepreneurship. Second, we test whether corruption reduces the negative impact of regulations on entrepreneurship in highly regulated economies. Our empirical analysis for a maximum of 43 countries over the period 2003-2005 shows that corruption is beneficial in highly regulated economies. At the maximum level of regulation among our sample of countries, corruption significantly increases entrepreneurial activity. Our results thus provide support for the ‘grease the wheels’ hypothesis.en_US
dc.language.isoengen_US
dc.publisherCESifo Münchenen_US
dc.relation.ispartofseriesCESifo working paper 2013en_US
dc.subject.jelD73en_US
dc.subject.jelF59en_US
dc.subject.jelM13en_US
dc.subject.jelL26en_US
dc.subject.ddc330en_US
dc.subject.stwUnternehmensgründungen_US
dc.subject.stwUnternehmeren_US
dc.subject.stwRegulierungen_US
dc.subject.stwMarkteintritten_US
dc.subject.stwKorruptionen_US
dc.subject.stwSchätzungen_US
dc.subject.stwWelten_US
dc.titleGreasing the wheels of entrepreneurship?: the impact of regulations and corruption on firm entryen_US
dc.typeWorking Paperen_US
dc.identifier.ppn538295937en_US
dc.rightshttp://www.econstor.eu/dspace/Nutzungsbedingungen-
Appears in Collections:CESifo Working Papers, CESifo Group Munich

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