Institutions and Entrepreneurship Quality

Farzana Chowdhury; David B. Audretsch; Maksim Belitski

doi:10.1177/1042258718780431

Institutions and Entrepreneurship Quality

Farzana Chowdhury¹; David B. Audretsch²; Maksim Belitski³

¹ University of Texas-Rio Grande Valley, Edinburg, TX, United States · ² School of Public and Environmental Affairs, Indiana University, Bloomington, IN, United States · ³ Henley Business School, Whiteknights, University of Reading, Reading, United Kingdom

Entrepreneurship Theory and Practice 2019

Entrepreneurship contributes importantly to the economy. However, differences in the quality and quantity of entrepreneurship vary significantly across developing and developed countries. We use a sample of 70 countries over the period of 2005–2015 to examine how formal and informal institutional dimensions (availability of debt and venture capital, regulatory business environment, entrepreneurial cognition and human capital, corruption, government size, government support) affect the quality and quantity of entrepreneurship between developed and developing countries. Our results demonstrate that institutions are important for both the quality and quantity of entrepreneurship. However, not all institutions play a similar role; rather, there is a dynamic relationship between institutions and economic development.

DOI: 10.1177/1042258718780431
Volume: 43 (1)
Pages: 51-81
Language: en
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