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http://hdl.handle.net/10419/35677
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| Title: | | Entrepreneurial entry: which institutions matter?  |
| Authors: | | Aidis, Ruta Estrin, Saul Mickiewicz, Tomasz |
| Issue Date: | | 2009 |
| Series/Report no.: | | IZA discussion papers 4123 |
| Abstract: | | In this paper we explore the relationship between the individual decision to become an entrepreneur and the institutional context. We pinpoint the critical roles of property rights and the size of the state sector for entrepreneurial activity and test the relationships empirically by combining country-level institutional indicators for 44 countries with working age population survey data taken from the Global Enterprise Monitor. A methodological contribution is the use of factor analysis to reduce the statistical problems with the array of highly collinear institutional indicators. We find that the key institutional features that enhance entrepreneurial activity are indeed the rule of law and limits to the state sector. However, these results are sensitive to the level of development. |
| Subjects: | | Entrepreneurship property rights access to finance |
| JEL: | | L26 P14 P51 P37 |
| Persistent Identifier of the first edition: | | urn:nbn:de:101:1-20090513209 |
| Document Type: | | Working Paper |
| Appears in Collections: | | IZA Discussion Papers, Forschungsinstitut zur Zukunft der Arbeit (IZA)
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