Free to Enterprise : Economic Freedom and Entrepreneurship In Romania
In this article we analyze the relation between the economic freedom and the level of entrepreneurship in Romania. The widely used hypothesis that a free economic environment tend to generate high levels of entrepreneurship is discussed for the case of Romania. The evolution of a few fundamental fea...
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| Format: | Article |
| Language: | English |
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Editura ASE Bucuresti
2015-06-01
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| Series: | Romanian Economic Journal |
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| Online Access: | http://www.rejournal.eu/article/free-enterprise-economic-freedom-and-entrepreneurship-romania |
| Summary: | In this article we analyze the relation between the economic freedom and the level of entrepreneurship in Romania. The widely used hypothesis that a free economic environment tend to generate high levels of entrepreneurship is discussed for the case of Romania. The evolution of a few fundamental features of the institutional environment for doing business in recent years is investigated, along with some measures of the level of entrepreneurship.
A strong direct relation between economic freedom and entrepreneurship level was found for a large number of countries and geographic areas around the world. The available data does not allow us to make a quantitative analysis for Romania, but some suspected reasons for a direct relation between economic freedom and entrepreneurship level are presented. Future research directions are also suggested.
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| ISSN: | 1454-4296 2286-2056 |