Influence of regulatory environment on entrepreneurship within the institutional pillars in selected OECD countries

Identifier:  TFM:1437

Handle: https://hdl.handle.net/20.500.11797/TFM1437

Authors:  Merkushov, Igor

Abstract:
Institutions are a significant determinant of entrepreneurial behavior. In this study the influence of different regulative factors on the early-stage business in the OECD countries in 2006-2020 was estimated within the framework of the Regulative, Normative and Cultural-cognitive institutional pillars. The results suggest that facilitating of the import and export procedures enhances entrepreneurship activity, while lowering of tax burden imposes a negative effect in the presence of a non-linear relationship. It was also demonstrated that assertiveness in having necessary skills and knowledge to start a business and openness of the nation to new business practices encourage the early-stage entrepreneurship.