The effect of good governance on business creation: a multilevel approach

• María Jesús Rodríguez-Gulías ^[1] ; Vítor Manuel de Sousa Gabriel ^[2] ; David Rodeiro-Pazos ^[3]
  1. [1] Universidade da Coruña

     Universidade da Coruña

     A Coruña, España

     
  2. [2] Instituto Politécnico da Guarda

     Instituto Politécnico da Guarda

     Guarda (Sé), Portugal

     
  3. [3] Universidade de Santiago de Compostela

     Universidade de Santiago de Compostela

     Santiago de Compostela, España

     

  Mostrar afiliaciones +
• Localización: Revista de economía mundial, ISSN 1576-0162, Nº 54, 2020, págs. 21-42
• Idioma: inglés
• DOI: 10.33776/rem.v0i54.3825
• Títulos paralelos:
  • El efecto de la buena gobernanza en la creación de empresas: un análisis multinivel
• Enlaces
  • Texto completo  1    2  
• Dialnet Métricas: 1 Cita
• Resumen
  • español

    El emprendimiento es una prioridad para los gobiernos en todo el mundo y numerosos estudios han señalado la importancia de la gobernanza para promover la creación de empresas. En este trabajo utilizamos una modelización multinivel sobre una muestra de 206 países, para el período 2004-2014, para probar empíricamente tres hipótesis. En primer lugar, verificamos si la creación de nuevas empresas está parcialmente determinada por las regiones supranacionales donde se encuentran los países. En segundo lugar, estimamos el impacto inmediato de la gobernanza en las tasas de creación de empresas y, en tercer lugar, se consideró el efecto retardado de la gobernanza. Nuestros resultados mostraron que los países ubicados en la misma región supranacional son más homogéneos en términos de emprendimiento que los países ubicados en una región diferente

  • English

    Different studies had point out the importance of public governance to promote entrepreneurship. We used multilevel modelling on a sample of 206 countries, for the period 2004-2014, to empirically test three hypotheses. Firstly, whether business creation is determine by the regions. Secondly, the immediate impact of governance on entrepreneurial entry rates and thirdly, delayed effect of governance was considered. Our results showed countries located in the same region are more homogeneous in terms of entrepreneurship. Also, a significant immediate effect of Rule of Law and Regulatory Quality and a delayed effect of several variables were detected.

• Referencias bibliográficas
  • Acs, Z., Desai, S., Hessels, J. (2008): “Entrepreneurship, Economic Development and Institutions”, Small Business Economics, 31, 219–234.
  • Aghion, P., Burgess, R., Redding, S., Zilibotti, F. (2005): “Entry Liberalization and Inequality in Industrial Performance”, Journal of the...
  • Ajzen, I. (1991): “The Theory of Planned Behavior”, Organizational Behavior and Human Decision Processes, 50, 179–211.
  • Álvarez, C., Urbano, D., Coduras, A., Ruiz, J. (2011): “Environmental Conditions and Entrepreneurial Activity: A Regional Comparison in Spain”,...
  • Amorós, J., Bosma, N. (2013): “Global Entrepreneurship Monitor”, Global Report.
  • Amorós, J., Masferrer, M. (2010): “Dynamics of Entrepreneurship and Quality of Government Institutions: An Evaluation Using Crosscountry Data”,...
  • Anokhin, S., Grichnik, D., Hisrich, R. (2008): “The Journey from Novice to Serial Entrepreneurship in China and Germany: Are the Drivers the...
  • Aron, J. (2000): “Growth and Institutions: A Review of the Evidence”, World Bank Research Observer, 15(1), 99–135.
  • Bettignies, J., Brander, A. (2007): “Financing Entrepreneurship: Bank Finance versus Venture Capital”, Journal of Business Venturing, 26,...
  • Beugelsdijk, S. (2007): “Entrepreneurial Culture, Regional Innovativeness and Economic Growth”, Journal of Evolutionary Economics, 17, 187–210.
  • Bjørnskov, C., Foss, N. (2008): “Economic Freedom and Entrepreneurial Activity: Some Cross-country Evidence”, Public Choice, 134, 307–328.
  • Boettke, P. Coyne C. (2009): “Context Matters: Institutions and Entrepreneurship”, Foundations and Trends in Entrepreneurship, 5, 135–209.
  • Bosma, N., Schutjens, V. (2011): “Understanding Regional Variation in Entrepreneurial Activity and Entrepreneurial Attitude in Europe”, Annals...
  • Carayannis, E. G., Campbell, D. F. J. (2010): “Triple Helix, Quadruple Helix and Quintuple helix and how Do Knowledge, Innovation and the...
  • Carbonell, S. (2005): “The Entrepreneurial Environment in Latin America”, In: Z. Acs, P. Arenius, M. Hay, & M. Minniti, Global Entrepreneurship...
  • Dau, L., Cuervo-Cazurra, A. (2014): “To Formalize or not to Formalize: Entrepreneurship and Pro-market Institutions”, Journal of Business...
  • Dima, B., Lobont, O., Moldovan, N. (2016): “Does the Quality of Public Policies and Institutions Matter for Entrepreneurial Activity? Evidences...
  • Dreher, A., Schneider, F. (2010): “Corruption and the Shadow Economy: An Empirical Analysis”, Public Choice, 144, 215–238.
  • Freytag, A., Thurik, R. (2007): “Entrepreneurship and its Determinants in a Cross-country Setting”, Journal of Evolutionary Economics, 17,...
  • Gedeon, S. (2010): “What Is Entrepreneurship?”, Entrepreneurial Practice Review, 1, 16–35.
  • Gërxhani, K. (2004): “The Informal Sector in Developed and less Developed Countries: Literature Survey”, Public Choice, 120, 267–300.
  • Ghani, E., Kerr, W., O’Connell, S. (2014): “Spatial Determinants of Entrepreneurship in India”, Regional Studies, 48(6), 1071–1089.
  • Grosanu, A., Bota-Avram, C., Rachisan, P., Vesselinov, R., Tiron-Tudor, A. (2015): “The Influence of Country-level Governance on Business...
  • Gugler, P., Chaisse, J. (2009): Competitiveness of ASEAN Countries: Corporate and Regulatory Drivers. Cheltenham: Edward Elgar, New Horizon...
  • Henrekson, M. (2007): “Entrepreneurship and Institutions”, Comparative Labor Law and Policy Journal, 28, 717–742.
  • Kaufmann, D., Kraay, A. (2003): Governance and Growth: Causality which Way? Evidence for the world, World Bank Institute, Washington, DC.
  • Kaufmann, D., Kraay, A., Mastruzzi, M. (2006): Governance Matters V: Governance Indicators for 1996-2005. World Bank, Washington D.C.
  • Kaufmann, D., Kraay, A., Matruzzi, M. (2010): The Worldwide Governance Indicators: Methodology and Analytical Issues. World Bank Policy Research...
  • Klapper, L., Amit, R., Guillén, F., Quesada, J. (2007): Entrepreneurship and Firm formation across Countries. Research Working Paper No. 4313....
  • Klapper, L., Laeven, L., Rajan, R. (2006): “Entry Regulation as a Barrier to Entrepreneurship”, Journal of Financial Economics, 82(3), 591–629.
  • Klapper L., Love, I. (2010): The Impact of the Financial Crisis on new Firm Registration. World Bank, Washington, D.C.
  • Knoll, M., Zloczysty, P. (2012): “The Good Governance Indicators of the Millennium Challenge Account: How many Dimensions Are Really being...
  • Leckie, G. (2013): Three-level Multilevel Models – Concepts. LEMMA VLE Module 11, 1–47. http://www. bristol.ac.uk/cmm/learning/course.html....
  • McMillan, J., Woodruff, C. (2002): “The Central Role of Entrepreneurs in Transition Economies”, Journal of Economic Perspectives, 16(3), 153–170.
  • Minniti, M., Levesque, M. (2008): “Recent Developments in the Economics of Entrepreneurship”, Journal of Business Venturing, 23, 603–612.
  • Naudé, W. (2010): “Entrepreneurship, Developing Countries, and Development Economics: New Approaches and Insights”, Small Business Economics,...
  • North, D. (1994): “Economic Performance Through Time”, American Economic Review, 84, 359–368.
  • Nystrom, K. (2008): “The Institutions of Economic Freedom and Entrepreneurship: Evidence from Panel Data”, Public Choice, 136, 269–282.
  • Obschonka, M., Schmitt-Rodermund, E., Gosling, S., Silbereisen, R. (2013): “The Regional Distribution and Correlates of an Entrepreneurshipprone...
  • Ong, K. (2006): “Enabling Effective Governance in ASEAN Community”, CAPAM 2006 Biennial Conference, Sydney, 23 October 2006. http://www.asean....
  • Rabe-Hesketh, S., Skrondal, A. (2012): Multilevel and Longitudinal Modeling Using Stata (Vols. I + II (3rd ed.). Stata Press, College...
  • Rose-Ackerman, S. (2004): “The Challenge of Poor Governance and Corruption. Copenhagen Consensus Challenge Paper”, Copenhagenconcensus.com.
  • Salimath, M., Cullen, J. (2010): “Formal and Informal Institutional Effects on Entrepreneurship: A Synthesis of Nation-level Research”, International...
  • Schneider, F., Buehn, A., Montenegro, C. (2010): “New Estimates for the Shadow Economies all over the World”, International Economic Journal,...
  • Schumacher, I. (2013): “Political Stability, Corruption and Trust in Politicians”, Economic Modelling, 31, 359–369.
  • Steele, F. (2014): Multilevel Modelling of Repeated Measures Data. LEMMA VLE Module 15, 1–62. http://www.bristol.ac.uk/cmm/learning/course.html....
  • Tanzi, V., Davoodi, H. (1997): “Corruption, Public Investment, and Growth”, International Monetary Fund Working Paper 97/139.
  • Thai, M., Turkina, E. (2014): “Macro-level Determinants of Formal Entrepreneurship Versus Informal Entrepreneurship”, Journal of Business...
  • Thornton, P., Ribeiro-Soriano, D., Urbano, D. (2011): “Socio-cultural and Entrepreneurial Activity: An Overview”, International Journal of...
  • Van Stel, A., Storey, D., Thurik, R. (2007): “The Effect of New Business Regulations on Nascent and Young Business Entrepreneurship”, Small...
  • Wagner, J., Sternberg, R. (2004): “Start-up activities, Individual Characteristics, and the Regional Milieu: Lessons for Entrepreneurship...
  • Wennekers, S., Uhlaner, L., Thurik, R. (2002): “Entrepreneurship and its Conditions: A Macro Perspective”, International Journal of Entrepreneurship...
  • Williamson, O. (2000): “The new Institutional Economics: Taking Stock, Looking Ahead”, Journal of Economic Literature, 38, 595–613.
  • World Bank (2013): What is Governance? http://web.worldbank.org/. Accessed 15 October 2016.