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Economic Freedom and Entrepreneurial Activity: Evidence from EU 11 Countries

Author

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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)

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.

Suggested Citation

  • Mandić Dragan & Borović Zoran & Jovićević Mladen, 2017. "Economic Freedom and Entrepreneurial Activity: Evidence from EU 11 Countries," Economics, Sciendo, vol. 5(2), pages 11-17, December.
    • Handle: RePEc:vrs:econom:v:5:y:2017:i:2:p:11-17:n:3
    DOI: 10.1515/eoik-2017-0020
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    References listed on IDEAS

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    1. Berggren, Niclas, 2003. "The Benefits of Economic Freedom: A Survey," Ratio Working Papers 4, The Ratio Institute.
    2. Christian Bjørnskov & Nicolai Foss, 2010. "Economic Freedom and Entrepreneurial Activity: Some Cross-Country Evidence," Springer Books, in: Andreas Freytag & Roy Thurik (ed.), Entrepreneurship and Culture, chapter 0, pages 201-225, Springer.
    3. Baumol, William J., 1996. "Entrepreneurship: Productive, unproductive, and destructive," Journal of Business Venturing, Elsevier, vol. 11(1), pages 3-22, January.
    4. James Gwartney, 2004. "What Have We Learned from the Economic Freedom of the World Index?," Journal of Private Enterprise, The Association of Private Enterprise Education, vol. 20(Fall 2004), pages 1-8.
    5. Steven F. Kreft & Russell S. Sobel, 2005. "Public Policy, Entrepreneurship, And Economic Freedom," Cato Journal, Cato Journal, Cato Institute, vol. 25(3), pages 595-616, Fall.
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