Property rights and entrepreneurship

Leonel A Regalado Cardoso

Economic Affairs, 2025, vol. 45, issue 3, 509-521

Abstract: This article examines the relationship between the quality of property rights institutions and entrepreneurial activity, using panel data from 90 countries between 2004 and 2018. The results provide evidence of a U‐shaped association: at low levels of property rights enforcement, entrepreneurship rates are elevated because of necessity‐driven activity; as institutions improve moderately, total entrepreneurship initially declines but, at higher levels of property rights protection, opportunity‐driven entrepreneurship rises, increasing overall entrepreneurial activity.

Date: 2025
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https://doi.org/10.1111/ecaf.70007

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Persistent link: https://EconPapers.repec.org/RePEc:bla:ecaffa:v:45:y:2025:i:3:p:509-521

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