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Entrepreneurs' Acceptance of Formal Institutions: A Cross-country Analysis

Author

Listed:
  • Andreas Freytag

    (Friedrich-Schiller-University Jena, School of Economics and Business Administration)

  • Florian Noseleit

    (European Centre for International Political Economy (ECIPE))

Abstract

Institutional settings and the resulting incentive structures are crucial for economic development. The type of entrepreneurial activity and the entrepreneurial effort are especially dependent on underlying incentive structures. We argue that institutions with better incentive structures for entrepreneurs are perceived as being of higher quality by this group. We find empirical evidence that high institutional quality increases the willingness of the self-employed to accept these institutions. Furthermore, institutional quality affects the deviation in acceptance of self-employed to non-self-employed such that lower institutional quality is related to less acceptance by entrepreneurs compared to the rest of society.

Suggested Citation

  • Andreas Freytag & Florian Noseleit, 2009. "Entrepreneurs' Acceptance of Formal Institutions: A Cross-country Analysis," Jena Economics Research Papers 2009-047, Friedrich-Schiller-University Jena.
    • Handle: RePEc:jrp:jrpwrp:2009-047
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    File URL: https://oweb.b67.uni-jena.de/Papers/jerp2009/wp_2009_047.pdf
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    Cited by:

    1. László Szerb & Éva Komlósi & Balázs Páger, 2016. "Measuring Entrepreneurship and Optimizing Entrepreneurship Policy Efforts in the European Union," ifo DICE Report, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 14(3), pages 08-23, October.

    More about this item

    Keywords

    Entrepreneurship; self-employment; institutions; cross-country study;
    All these keywords.

    JEL classification:

    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship
    • A13 - General Economics and Teaching - - General Economics - - - Relation of Economics to Social Values
    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • O43 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Institutions and Growth
    • P48 - Political Economy and Comparative Economic Systems - - Other Economic Systems - - - Legal Institutions; Property Rights; Natural Resources; Energy; Environment; Regional Studies

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