Creating the Environment for Entrepreneurship through Economic Freedom

Joshua Hall, Robert Lawson and Saurav Roychoudhury
Additional contact information
Robert Lawson: Southern Methodist University, Edwin L. Cox School of Business
Saurav Roychoudhury: Capital University, School of Management and Leadership

No 15-01, Working Papers from Department of Economics, West Virginia University

Abstract: In this paper we argue that the ability of people to freely trade, enter into contracts, and start businesses in a system of private property and the rule of law is crucial for productive entrepreneurship. One measure of how freely individuals can engage in economic activity is the Economic Freedom of the World (EFW) index. After examining the economic policies that harm economic freedom and possibly entrepreneurship, we highlight the correspondence between economic freedom and a number of measures of entrepreneurship. We conclude with some thoughts regarding future research involving economic freedom and entrepreneurship.

Keywords: economic freedom; institutions; entrepreneurship; new firm (search for similar items in EconPapers)
JEL-codes: M13 O50 (search for similar items in EconPapers)
Pages: 29 pages
Date: 2015-05
New Economics Papers: this item is included in nep-ent and nep-hpe
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Persistent link: https://EconPapers.repec.org/RePEc:wvu:wpaper:15-01

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