Regulations and entrepreneurship: Evidence from developed and Developing countries

Claudia Álvarez, José Ernesto Amorós, David Urbano

Research output: Contribution to journalArticleResearchpeer-review

12 Citations (Scopus)

Abstract

© 2015, Universidad Nacional de Colombia. All rights reserved. This paper uses an institutional approach to examine the effect of regulations on entrepreneurial activity, comparing developed and developing countries. through an unbalanced panel data set of 49 countries over the period 2001-2010 and using a combination of international databases we find a positive influence of government spending and entrepreneurship legislation on entrepreneurial activity. it was also found that regulations may have different impacts on entrepreneurship according to the country’s economic development. thus, in developed economies unemployment legislation is positively related to entrepreneurship, while this relationship is negative in other cases. this paper offers new insights both from a conceptual perspective (advancing theory concerning the factors that influence entrepreneurial activity) and a practical viewpoint (for the design of government policies to foster entrepreneurship).
Original languageEnglish
Pages (from-to)81-89
JournalInnovar
Volume24
DOIs
Publication statusPublished - 1 Jan 2014

Keywords

  • Developed and developing economies
  • Entrepreneurial activity
  • Entrepreneurship
  • Gem
  • Institutional economics
  • Regulations

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