Entrepreneurship and Quality of Institutions
Over the last few years we have observed a prominent flourishing of empirical studies on the determinants of new business creation and its effect on the economy. The present study focuses on an important determinant of entrepreneurship: the quality of institutions. This paper is an empirical exploratory work that has the objective of uncovering the relationships between entrepreneurial dynamics and different variables related to the quality of government institutions, with an emphasis on developing countries. The study is based on the panel data of 60 countries that participated in the Global Entrepreneurship Monitor (GEM) project. The results indicate that the quality of institutions is a relevant factor for the distribution and type of entrepreneurial activities. Some implications for public policy are discussed.
- Publisher:
- UNU-WIDER
- Series:
- WIDER Research Paper
- Volume:
- 2009/07
- Title:
- Entrepreneurship and Quality of Institutions
- Authors:
- José Ernesto Amorós
- Publication date:
- February 2009
- ISSN Web:
- 1810-2611
- ISBN 13 Web:
- 9789292301767
- Copyright holder:
- © UNU-WIDER
- Copyright year:
- 2009
- Keywords:
- entrepreneurship, government institutions, Global Entrepreneurship Monitor
- JEL:
- L26, H11, L53, O57
- Project:
- Promoting Entrepreneurial Capacity
- Sponsor:
- UNU-WIDER gratefully acknowledges the financial contribution to the project by the Finnish Ministry for Foreign Affairs, and the financial contributions to the research programme by the governments of Denmark (Royal Ministry of Foreign Affairs), Finland (Ministry for Foreign Affairs), Norway (Royal Ministry of Foreign Affairs), Sweden (Swedish International Development Cooperation Agency—Sida) and the United Kingdom (Department for International Development).
- Format:
- online