Institutions and Entrepreneurship Quality
TL;DR: In this paper, the authors used a sample of 70 countries over the period of 2005-2015 to examine how formal and informal institutional dimensions (availability of debt and venture capital, regulatory business environment, entrepreneurial cognition and human capital, corruption, government size, government support) affect the quality and quantity of entrepreneurship between developed and developing countries.
read more
Abstract: Entrepreneurship contributes importantly to the economy. However, differences in the quality and quantity of entrepreneurship vary significantly across developing and developed countries. We use a sample of 70 countries over the period of 2005–2015 to examine how formal and informal institutional dimensions (availability of debt and venture capital, regulatory business environment, entrepreneurial cognition and human capital, corruption, government size, government support) affect the quality and quantity of entrepreneurship between developed and developing countries. Our results demonstrate that institutions are important for both the quality and quantity of entrepreneurship. However, not all institutions play a similar role; rather, there is a dynamic relationship between institutions and economic development.
read more
Chat with Paper
AI Agents for this Paper
Find similar papers on Google Scholar, PubMed and Arxiv
Write a critical review of this paper
Analyze citations of this paper to find unaddressed research gaps
Citations
•Posted Content
Estimation and Inference in Econometrics
TL;DR: A theme of the text is the use of artificial regressions for estimation, reference, and specification testing of nonlinear models, including diagnostic tests for parameter constancy, serial correlation, heteroscedasticity, and other types of mis-specification.
4.2K
Corruption and government : causes, consequences, and reform
Nordoc'Archéo
- 27 Sep 2016
TL;DR: ROSE-ACKERMAN and PALIFKA as discussed by the authors presented the second edition of Corruption and Government, which updated Rose-Ackerman's 1999 book to address emerging issues and to rethink old questions in light of new data.
1K
The Nexus between Entrepreneurship and Economic Growth: A Comparative Analysis on Groups of Countries
TL;DR: This article examined the potential effect of different types of entrepreneurship (e.g., early-stage, opportunity-driven, and necessity-driven entrepreneurship) on economic growth at a national level and aimed to identify whether the contribution of entrepreneurship to economic growth differs according to the stage of economic development of a country.
234
Does entrepreneurial activity matter for economic growth in developing countries? The role of the institutional environment
TL;DR: In this paper, the authors explore the interrelationships among institutional environment, entrepreneurial activity, and economic growth, and find that institutional factors such as the number of procedures to start a new business, private credit coverage, and access to communication influence entrepreneurial activity driven by opportunity.
References
Greasing the wheels? The impact of regulations and corruption on firm entry
Axel Dreher,Martin Gassebner +1 more
TL;DR: In this article, the authors investigate whether and to what extent the impact of regulations on entrepreneurship is dependent on corruption and show that corruption facilitates firm entry in highly regulated economies. But they do not investigate whether corruption reduces the negative impact on entrepreneurship.
Why Do Developing Countries Tax So Little
Timothy Besley,Torsten Persson +1 more
TL;DR: The limits to taxation are rarely tied to the administrative capacity of the state as mentioned in this paper, but incentive constraints alone cannot explain the vast differences in the levels of taxation that we see across the world and across time.
690
Economic Freedom and the Motivation to Engage in Entrepreneurial Action
TL;DR: Using institutional theory, the Heritage Foundation/Wall Street Journal 2003 Index of Economic Freedom, and the 2002 Global Entrepreneurship Monitor, this paper regress opportunity-motivated entrepreneuria using a regression model.
683
Venture Capital, Entrepreneurship, and Economic Growth
Sampsa Samila,Olav Sorenson +1 more
TL;DR: This paper found that increases in the supply of venture capital positively affect firm starts, employment, and aggregate income in U.S. metropolitan areas, which appears consistent with two mechanisms: would-be entrepreneurs anticipating financing needs more likely start firms and funded companies may transfer know-how to their employees, thereby enabling spin-offs and may encourage others to become entrepreneurs through demonstration effects.
An Eclectic Theory of Entrepreneurship: Policies, Institutions and Culture
Ingrid Verheul,Sander Wennekers,Sander Wennekers,David B. Audretsch,David B. Audretsch,Roy Thurik,Roy Thurik +6 more
TL;DR: An eclectic theory of entrepreneurship is introduced in this paper, which provides an integrated framework, drawing on disparate strands of literature, to create a better understanding of the different role that entrepreneurship plays in different countries and time periods, to guide future empirical research in this area and to provide insights for policymakers striving to promote entrepreneurship.