CEU Electronic Theses and Dissertations, 2022
| Author | Bandeira De Mello, Bernardo |
|---|---|
| Title | The Relationship Between Entrepreneurship And Economic Freedom |
| Summary | This study contributes to the empirical literature on the determinants of entrepreneurship across different countries. This paper examines the relationship between entrepreneurship and institutional settings, measured by the economic freedom index. The methodology used was a panel data regression with time and country fixed effects for 57 different countries across the globe from 2001 to 2018. The measurement used for entrepreneurship is the Total Entrepreneurial Activity (TEA) created by the Global Entrepreneurship Monitor (GEM) and the measurement for economic freedom was the Economic Freedom Index created by the Fraser Institute which assesses the quality of institutions for five different sectors: size of government, legal system and property rights, sound money, freedom to trade internationally, and regulations of credit, labor, and business. The empirical findings of this study point out for positive relationship between the government size score and entrepreneurship rates, as well to a negative relationship between trade freedom, and business regulation with the TEA. Also, the analysis indicates that countries that used to be communist tend to have smaller entrepreneurship rates, while Latin American countries are inclined to have higher rates. |
| Supervisor | Danis, András |
| Department | Economics MA |
| Full text | https://www.etd.ceu.edu/2022/bandeira_bernardo.pdf |
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