2017

Economic Freedom and Veto Players Jointly Affect Entrepreneurship

Särtryck nr 2017:63

Författare: Christian Bjørnskov och Jacob LihnÅr: 2017 Publikation: Journal of Entrepreneurship and Public Policy Årgång (nr): 6 (3) Sidor: 340–358
Artikeln online (behörighet kan krävas)

Economic Freedom and Veto Players Jointly Affect Entrepreneurship Christian Bjørnskov och Jacob Lihn


Purpose – The purpose of this paper is to explore how the strength of political veto players affects the long-run credibility of economic institutions and how they jointly affect entrepreneurial activity.

Design/methodology/approach – The authors employ an annual panel covering 30 OECD countries from 1993 to 2011.

Findings – An error correction model identifies a positive and significant short-run effect on self-employment from large government spending at low levels of veto player strength. A static model conversely indicates that smaller government spending is positively associated with entrepreneurship at lower levels of veto player strength in the long run.

Originality/value – The authors are the first to explore the interaction of economic and political institutions in the development of entrepreneurship.


Referens:
Bjørnskov, Christian och Jacob Lihn (2017), "Economic Freedom and Veto Players Jointly Affect Entrepreneurship". Journal of Entrepreneurship and Public Policy 6(3), 340–358.

Christian Bjørnskov

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Ämnesområden: Ekonomisk historia, innovation, politisk ekonomi och utvecklingsekonomi

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