Free to Enterprise: Economic Freedom and Entrepreneurship In Romania

Radu Ioan Åžimandan
Authors registered in the RePEc Author Service: Radu Ioan Şimandan

Romanian Economic Journal, 2015, vol. 18, issue 56, 87-100

Abstract: In this article we analyze the relation between the economic freedom and the level of entrepreneurship in Romania. The widely used hypothesis that a free economic environment tend to generate high levels of entrepreneurship is discussed for the case of Romania. The evolution of a few fundamental features of the institutional environment for doing business in recent years is investigated, along with some measures of the level of entrepreneurship. A strong direct relation between economic freedom and entrepreneurship level was found for a large number of countries and geographic areas around the world. The available data does not allow us to make a quantitative analysis for Romania, but some suspected reasons for a direct relation between economic freedom and entrepreneurship level are presented. Future research directions are also suggested.

Keywords: economic freedom; entrepreneurship; business regulation; liberalization (search for similar items in EconPapers)
JEL-codes: H11 L26 (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:rej:journl:v:18:y:2015:i:56:p:87-100

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