Entrepreneurship as playing a important role for economic growth has been discussed by a number of theorists such as Joseph Schumpeter and Israel M. Kirzner. William J. Baumol developed these theories as he considered that all entrepreneurship doesn’t lead to economic growth, some entrepreneurial activities may even lead to stagnation. The distribution of entrepreneurship activities according to Baumol depend on the rules of the game, formal and informal institutions that can be seen as the incentive structure of the economy and their by affecting people’s choice. Previous studies have focused on entrepreneurship as a homogeneous activity but this study tries only to examine the productive entrepreneurship that leads to economic growth. Secondary data used in this study in which 68 countries was examined to study business regulations effect on productive entrepreneurship. The study came to the conclusion that business regulation had a negative impact on productive entrepreneurship as the regression found significant results that administrative requirements, bureaucratic costs and bribes/favoritism had a negative impact on patent applications per capita proxy for productive entrepreneurship.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:sh-24994 |
| Date | January 2014 |
| Creators | Olsen, Max |
| Publisher | Södertörns högskola, Institutionen för samhällsvetenskaper |
| Source Sets | DiVA Archive at Upsalla University |
| Language | Swedish |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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