Economic Freedom and Entrepreneurial Activity: Evidence from EU 11 Countries

Mandić Dragan, Borović Zoran and Jovićević Mladen
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Mandić Dragan: JU Ekonomska škola Banja Luka, Banja Luka, Bosnia and Herzegovina
Borović Zoran: Faculty of Economics,University of Banja Luka, Banja Luka, Bosnia and Herzegovinag
Jovićević Mladen: Maksima trejd d.o.o. Banja Luka, Banja Luka, Bosnia and Herzegovina

Economics, 2017, vol. 5, issue 2, 11-17

Abstract: In this paper, we will present the results of our survey on economic freedom and entrepreneurial activity. We have conducted our analysis on EU 11countries (Belgium, Denmark, France, Germany, Greece, Ireland, Italy, Netherlands, Spain, Sweden and United Kingdom) for the time period 2000- 2014. To measure the entrepreneurial activity we have used data from the Global Entrepreneurship Monitor, and to measure economic freedom, we have used data from Fraiser Institute. Our results suggest strong positive and statistically significant, long term impact of economic freedom on entrepreneurial activity.

Keywords: Institutional framework; Economic freedom; the entrepreneurial activity (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:vrs:econom:v:5:y:2017:i:2:p:11-17:n:3

DOI: 10.1515/eoik-2017-0020

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