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Economic Freedom and Entrepreneurial Activity: Evidence from EU 11 Countries

Dragan Mandić

Dragan Mandić

JU Ekonomska škola Banja Luka,Banja Luka, Bosnia and Herzegovina
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Mandić, Dragan
, 
Zoran Borović

Zoran Borović

Faculty of Economics,University of Banja Luka,Banja Luka, Bosnia and Herzegovinag
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Borović, Zoran
 and 
Mladen Jovićević

Mladen Jovićević

Maksima trejd d.o.o. Banja Luka,Banja Luka, Bosnia and Herzegovina
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Jovićević, Mladen
  
Dec 29, 2017
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Published Online: Dec 29, 2017
Page range: 11 - 17
Received: Aug 30, 2017
Accepted: Sep 23, 2017
DOI: https://doi.org/10.1515/eoik-2017-0020
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© 2018
This work is licensed under the Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 License.

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.

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English
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3 times per year
Journal Subjects:
Business and Economics, Political Economics, Economic Theory, Systems and Structures, Microeconomics, Macroecomics, Public Finance and Fiscal Theory
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