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Free to Enterprise : Economic Freedom and Entrepreneurship In Romania

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  • Radu Ioan Åžimandan

Abstract

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.

Suggested Citation

  • Radu Ioan Åžimandan, 2015. "Free to Enterprise : Economic Freedom and Entrepreneurship In Romania," Romanian Economic Journal, Department of International Business and Economics from the Academy of Economic Studies Bucharest, vol. 18(56), pages 87-100, June,.
    • Handle: RePEc:rej:journl:v:18:y:2015:i:56:p:87-100
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    References listed on IDEAS

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    More about this item

    Keywords

    economic freedom; entrepreneurship; business regulation; liberalization;
    All these keywords.

    JEL classification:

    • H11 - Public Economics - - Structure and Scope of Government - - - Structure and Scope of Government
    • L26 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - Entrepreneurship

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