Economic Freedom and Entrepreneurial Activity

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dc.contributor.author	Bjørnskov, Christian	en_US
dc.contributor.author	Foss, Nicolai J.	en_US
dc.date.accessioned	2009-02-04T10:27:26Z
dc.date.available	2009-02-04T10:27:26Z
dc.date.issued	2006-09-26T00:00:00Z	en_US
dc.identifier.isbn	8791815339	en_US
dc.identifier.uri	http://hdl.handle.net/10398/7475
dc.description.abstract	While much attention has been devoted to analyzing how the institutional framework and entrepreneurship impact growth, how economic policy and institutional design affect entrepreneurship appears to be much less analyzed. We try to explain cross-country differences in the level of entrepreneurship by differences in economic policy and institutional design. Specifically, we use the measures of economic freedom to ask which elements of economic policy making and the institutional framework that are responsible for the supply of entrepreneurship (our data on entrepreneurship are derived from the Global Entrepreneurship Monitor). The combination of these two datasets is unique in the literature. We find that the size of government is negatively correlated with entrepreneurial activity but that sound money is positively correlated with entrepreneurial activity. Other measures of economic freedom are not significantly correlated with entrepreneurship. JEL CODE: M13, O31, O50 KEYWORDS: Economic freedom, entrepreneurship, cross-country variation.	en_US
dc.format.extent	38 s.	en_US
dc.language	eng	en_US
dc.relation.ispartofseries	SMG Working paper;2006-015	en_US
dc.title	Economic Freedom and Entrepreneurial Activity	en_US
dc.type	wp	en_US
dc.accessionstatus	modt06sep26 mielmo	en_US
dc.contributor.corporation	Copenhagen Business School. CBS	en_US
dc.contributor.department	Center for Strategi og Globalisering	en_US
dc.contributor.departmentshort	SMG	en_US
dc.contributor.departmentuk	Center for Strategic Management and Globalization	en_US
dc.contributor.departmentukshort	SMG	en_US
dc.idnumber	8791815339	en_US
dc.publisher.city	København	en_US
dc.publisher.year	2006	en_US
dc.title.subtitle	Some Cross-Country Evidence	en_US