ECONOMIC FREEDOM AND ENTREPRENEURIAL ACTIVITY: EVIDENCE FROM EU 11 COUNTRIES

Dragan  Mandić; Zoran  Borović; Mladen  Jovićević

doi:10.1515/eoik-2017-0020

Authors

Dragan Mandić JU Economic School Banja Luka, Bosnia and Herzegovina
Zoran Borović Faculty of Economics, University of Banja Luka, Bosnia and Herzegovina
Mladen Jovićević Maksima trejd d.o.o. Banja Luka, Bosnia and Herzegovina

DOI:

https://doi.org/10.1515/eoik-2017-0020

Keywords:

Institutional framework, Economic freedom, the entrepreneurial activity

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.

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